Toubani Resources (ASX:TRE) has announced the discovery of Kobada West, a new target less than 1km from the Kobada Main deposit in southern Mali.

The first-ever drill holes at Kobada West have shown continuous, near-surface oxide gold mineralisation with consistent grades and thicknesses.

The project area hosts 3.1Moz in Mineral Resources, predominantly oxide and open pittable.

Toubani Resources's share price is up 20% at 10:25am AEST.