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Toubani strengthens its board as it advances Kobada DFS

27th May 2024

By: Darren Parker

Deputy Editor Online

     

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ASX-listed Toubani Resources has announced several changes to its board of directors and study management team to drive the delivery of the definitive feasibility study (DFS) for the Kobada gold project, in southern Mali.

Matt Wilcox will join the board of directors as a nonexecutive director effective immediately, while current nonexecutive director Scott Perry has been appointed nonexecutive chairperson.

Meanwhile, consulting firms Lycopodium, Orelogy, Entech and Knight Piesold, among others, have been engaged on the DFS.

"The addition of [Wilcox] to our board of directors and the wealth of experience he has in designing, constructing and operating mines in West Africa will benefit Toubani enormously as it advances with momentum towards developing the next gold mine in West Africa,” Toubani CEO Phil Russo said.

Wilcox is highly experienced in the gold mining industry, particularly in West Africa. He was previously the CEO of Tietto Minerals, tasked with overseeing the design, construction, commissioning and operation of the Abujar gold mine, in Côte d’Ivoire, before it was acquired by Zhaojin Capital for A$750-million in May.

Wilcox also led the construction of West African Resources’ Sanbrado gold mine, in Burkina Faso, completed in March 2020, ahead of schedule and under budget.

Prior to that, Wilcox spent eight years in senior management roles for Nord Gold, where he led the construction of the four-million-tonne-a-year Bissa gold project and the eight-million-tonne-a-year Bouly gold project, both in Burkina Faso.

He was also the GM for the six-million-tonne-a-year Lefa gold project, in Guinea, and project director for construction of the 12-million-tonne-a-year Gross gold project in Siberia, Russia, for Nord Gold.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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