202627 releases
Awalé Connects Charger 1 and Charger 2 – Extending Gold Mineralization Across 300 Metres of Strike, Including 8.7 g/t Gold over 25 Metres and 7.0 g/t Gold over 28 Metres
Awalé Resources reports step-out diamond drilling at its Charger target in the Odienné Project, Côte d'Ivoire, connecting Charger 1 and Charger 2 over approximately 300 metres of strike. Highlights include 8.7 g/t gold over 25 metres in CHDD-62 (Charger 2) and 7.0 g/t gold over 28 metres in CHDD-52 (Charger 1), with results from a further 33 Charger holes pending.
Drill resultsAwalé Extends BBM Along Strike and at Depth with 47 Metres of 2.2 g/t AuEq. Outside the Resource and Intersects 44 Metres of 3.1 g/t AuEq. Near Surface
Drilling at the BBM gold-copper deposit on the Odienné Project in Côte d'Ivoire returned 2.2 g/t AuEq over 47m from 589m in hole BBDD-33, including 10.3 g/t AuEq over 3m, located outside the current Mineral Resource about 400m below surface and 200m along strike from the main high-grade shoot. BBDD-47 returned 3.1 g/t AuEq over 44m from 154m, including 4.0 g/t AuEq (3.2 g/t Au, 0.83% Cu) over 22m, and BBDD-39 returned 2.0 g/t AuEq over 67m from 479m. Assays are pending for eight deep holes and 57 resource holes.
Drill resultsAwalé Outlines Fully Funded 71,500 Metre Exploration Program Targeting New Discoveries Across its 100%-Owned Odienné Ground
A 15-month, fully funded US$8.5 million exploration program has commenced across Awalé's 100%-owned ground at the Odienné Gold-Copper Project in Côte d'Ivoire, comprising approximately 71,500 metres of drilling (23,940m auger, 10,000m aircore, 15,000m RC, 22,560m diamond) and 15,635 surface geochemical samples, funded by the recent PDI Gold financing supported by Fortuna Mining and Newmont. Fremen drilling recommences in Q4 with about 5,960m of diamond drilling including 14 holes; assays from seven holes remain pending. 15,000m is reserved for discovery follow-up.
Drill resultsAwalé Announces Results of Annual General and Special Meeting of Shareholders
All matters in the August 7, 2026 Management Information Circular were approved at Awalé Resources' annual general and special meeting held September 18, 2026, including setting the board at five directors (100% for) and reappointing Davidson & Company LLP as auditors (100% for). Directors Charles Beaudry, Andrew Chubb, Michael Dorfman, Anthony Moreau and Stephen Stewart were elected with support ranging from 86.42% to 100%. Shareholders approved the Omnibus Equity Incentive Plan with 90.91% in favour, replacing the existing stock option and restricted share unit plans, subject to final TSXV acceptance.
CorporateAwalé Reports Gold Recoveries of up to 98% at Odienné on Simple, Conventional Metallurgy
Metallurgical testwork on the Odienné Gold-Copper Project in Côte d'Ivoire returned whole-ore cyanidation gold extractions of 91.0% at BBM, 97.0% at Charger and 97.8% at Empire, each above the recoveries assumed in the May 19, 2026 Mineral Resource Estimate, with 93.9% for a blended Project composite. Adding gravity and copper flotation lifted BBM gold extraction to 93.7% and recovered 92.3% of copper to a concentrate. The results feed into the planned Preliminary Economic Assessment.
Study resultsAwalé Defines New 4-Kilometre Gold Target at 100%-Owned Seydou Permit; Drilling Underway at the Fremen Discovery
A new gold anomaly, Anomaly 1, has been defined over approximately 4 kilometres on the 100%-owned Seydou permit at the Odienné Project in Côte d'Ivoire, with peak values of 514 ppb Au in termitaria and 214 ppb Au in soil from a 4,098-sample program. A 24-hole, roughly 1,500-metre aircore program is underway over about 2 km of the trend. A seven-hole, 1,600-metre diamond program has begun at the Fremen discovery, testing 300 metres of strike and 200 metres down dip.
Drill resultsAwalé Appoints Michael Dorfman to its Board of Directors
Michael Dorfman has been appointed to the board of Awalé Resources as an independent director, replacing Karl Akueson, who stepped down effective immediately. Dorfman was most recently Executive Vice President, Corporate Development at DPM Metals and previously spent about 10 years in investment banking. He was granted 400,000 incentive stock options exercisable at $0.90 per common share for three years, vesting one-third immediately and the balance in two equal annual installments. The appointment and grant remain subject to TSX Venture Exchange approval.
ManagementAwalé Completes $20.7 Million Strategic Financing with Closing of Final Tranche
The second and final tranche of Awalé Resources' non-brokered private placement has closed, with Newmont Ventures subscribing for 1,982,538 common shares at $0.85 for gross proceeds of $1,685,157.30, completing an offering of 24,320,202 shares for aggregate gross proceeds of $20,672,171.70 from Predictive Discovery, Fortuna Mining and Newmont. Newmont now holds 11,682,639 shares, about 8.2% non-diluted, and the company has 143,317,133 shares outstanding and over $36.5 million in cash. Proceeds will mainly fund exploration on Awalé's 100%-owned properties at the Odienné Project in Côte d'Ivoire. Final TSXV acceptance is pending.
FinancingAwalé Closes $19 Million Strategic Investment by Predictive Discovery and Fortuna Mining
A non-brokered private placement closed with the issuance of 22,337,664 common shares at $0.85 per share for gross proceeds of $18,987,000, comprising 16,642,352 shares to Predictive Discovery ($14,146,000, about 11.8%) and 5,695,312 shares to Fortuna Mining ($4,841,000, taking Fortuna to 20,732,905 shares, about 14.7%). Proceeds will primarily fund exploration on Awalé's 100%-owned properties at the Odienné Project in Côte d'Ivoire, leaving over $35 million in cash. Newmont may subscribe for up to 14,761,167 additional shares under its participation right; final TSXV acceptance is pending.
FinancingAwalé Hits 43.7 g/t Gold Equivalent Below the BBM Open Pit with Initial Deeper Holes Pointing to Underground Growth
The first two holes of a twelve-hole program drilled below the BBM open pit at the Odienné Project in Côte d'Ivoire returned 7m @ 7.21 g/t gold equivalent from 385m downhole, including 1m @ 43.68 g/t AuEq, the highest grade drilled to date at BBM (BBDD-31), and 46m @ 2.35 g/t AuEq from 364m, including 17m @ 3.41 g/t AuEq (BBDD-30). The program tests the high-grade core to 600 metres below surface; results from the remaining ten holes are expected over the coming weeks.
Drill resultsAwalé Welcomes Predictive Discovery as a Strategic Investor
Predictive Discovery Limited will invest $14.15 million in Awalé Resources through a non-brokered private placement of 16,642,352 shares at $0.85 per share, a roughly 10% premium to the 5-day VWAP ending July 10, 2026, for an approximate 12.3% undiluted stake. Proceeds will fund exploration on Awalé's 100%-owned properties at the Odienné Project in Côte d'Ivoire, with closing expected late July 2026 and over $30 million in cash post-closing. Existing shareholders Fortuna and Newmont hold participation rights.
FinancingAwalé Files NI 43-101 Technical Report for the Odienné Project Mineral Resource Estimate
A NI 43-101 technical report supporting the initial mineral resource estimate for the Odienné Project in Côte d'Ivoire has been filed, with an effective date of April 1, 2026 and report date of July 3, 2026. The inferred resource totals 32.4 Mt at 1.64 g/t AuEq for 1,707,000 oz AuEq, including 1,389,000 oz gold and 93,000 tonnes copper across the BBM, Charger and Empire deposits. The filing results in no material changes to the MRE disclosed May 19, 2026.
Resource updateAwalé Hits Multiple High-Grade Intervals Outside Current MRE at Charger 2, Including 18.0 g/t over 7 Metres
Step-out drilling at Charger 2, about 200 metres southwest of the Charger 1 deposit at the Odienné Project in Côte d'Ivoire, returned 18.0 g/t gold over 7m within 9.2 g/t gold over 18m from 144m (CHDD-24), 14.1 g/t gold over 4m within 4.0 g/t gold over 16m from 153m (CHDD-23), 13.9 g/t gold over 2m from 177m (CHDD-25) and 9.4 g/t gold over 2m from 240m (CHDD-21), all outside the current Charger resource envelope. The May 19, 2026 initial inferred MRE totals 1.71 Moz AuEq at 1.64 g/t AuEq (32.4 Mt at 1.33 g/t Au and 0.33% Cu). Five rigs are active, with two more expected.
Drill resultsAwalé Strengthens Treasury to $18.8 Million Following Additional Warrant Exercises
Proceeds of approximately $1.1 million were received from the exercise of 5,499,166 common share purchase warrants at $0.20 per share, issued under the May 24, 2023 private placement. Combined with $5.0 million from warrant exercises disclosed May 12, 2026, cash stands at approximately $18.8 million. Chairman Stephen Stewart, Director Charles Beaudry and Orecap Invest Corp exercised approximately 5.2 million warrants. Awalé now has 118,996,931 shares outstanding, with drilling underway in Côte d'Ivoire and a Preliminary Economic Assessment targeted for Q3 2026.
FinancingAwalé Strengthens Treasury to $17.7 Million with $5.0 Million from Warrant Exercises
Proceeds of approximately $5.0 million were received from the exercise of 6,230,114 common share purchase warrants at $0.80, which expired on May 8, 2026, bringing Awalé Resources' cash position to approximately $17.7 million. The company now has 113,497,765 common shares outstanding, along with 8,986,667 stock options, 535,000 RSUs and 6,953,524 warrants, including 5,499,167 expiring May 24, 2026. Funds are directed to exploration on its 100%-owned properties in Côte d'Ivoire, with Newmont funding joint venture exploration at Odienné.
FinancingAwalé Reports New Discovery on 100%-Owned Ground with Multiple Shallow Intercepts, Including 17 Metres at 1.9 g/t Gold
Phase 3 drilling at the 100%-owned Fremen target, within the Sienso permit at the Odienné Project in Côte d'Ivoire, returned 1.9 g/t gold over 17m from 6m (including 2.3 g/t over 9m) in SSAC-08, 2.1 g/t over 12m from 32m in SSAC-07, 1.1 g/t over 17m from 113m in SSDD-03, and 1.0 g/t over 13m from 78m in SSDD-02. The 126-hole, 5,210 metre program confirmed mineralization over 1 km within an 8-kilometre corridor, 11 km along strike from BBM. Results from 52 holes are pending.
Drill resultsAwalé Hits 24.9 g/t Gold over 2 Metres within 5.1 g/t Gold over 10 Metres at Empire
Drilling at the Empire target on the Odienné Project in Côte d'Ivoire returned 5.1 g/t gold over 10m from 224m, including 24.9 g/t gold over 2m, and 1.3 g/t gold over 11m from 198m, including 7.8 g/t gold over 1m, in hole EMDD-11, confirming mineralization to 280m vertical depth. Near-surface holes returned 2.9 g/t gold over 10m from 116m (EMDD-07) and 1.1 g/t gold over 19m from 23m (EMDD-03). The 12-hole program is complete, with nine holes to be included in an initial Mineral Resource Estimate targeted for Q2 2026.
Drill resultsAwalé Hits 24.8 g/t Gold over 5 Metres within 18.9 g/t Gold over 7 Metres at Charger
Step-down drilling at the Charger target on the Odienné Project in Côte d'Ivoire returned 18.9 g/t gold over 7m from 292m, including 24.8 g/t gold over 5m, in hole CHDD-20, and 9.2 g/t gold over 7m from 310m, including 14.7 g/t gold over 4m and 11.7 g/t gold over 4m, in CHDD-13. All 17 holes from the resource drilling program have now been reported, supporting an initial Mineral Resource Estimate targeted in Q2 2026 covering BBM, Charger and Empire. Four holes at Charger 2 are pending.
Drill resultsAwalé Hits 36.2 g/t Gold over 6 Metres at Charger, Confirming High-Grade Gold Continuity to 400 Metres Below Surface
Step-down drilling at the Charger target on the Odienné Project in Côte d'Ivoire returned 36.2 g/t gold over 6m from 475m, including 41.5 g/t gold over 5m (CHDD-17), 10.3 g/t gold over 8m from 426m (CHDD-14) and 9.2 g/t gold over 5m from 413m (OEDD-10), extending high-grade mineralization to 400m below surface. The five holes form part of a 17-hole program supporting an initial Mineral Resource Estimate targeted for Q2 2026 covering Charger, BBM and Empire. Follow-up drilling will test Charger 1 to at least 600 metres vertical depth.
Drill resultsAwalé Hits 3.7 g/t Gold and 0.85% Copper (4.2 g/t AuEq.) over 10 Metres within 1.9 g/t Gold and 0.57% Copper over 42 Metres in Deep Drilling at BBM
Deep drilling at the BBM gold-copper discovery within the Odienné Project in Côte d'Ivoire returned 42m at 1.9 g/t gold and 0.57% copper (2.4 g/t AuEq.) from 570m, including 10m at 3.7 g/t gold and 0.85% copper from 600m (BBDD-21), and 31m at 1.7 g/t gold and 0.57% copper from 654m, including 15m at 2.7 g/t gold and 0.9% copper (BBDD-22). Step-out hole BBDD-27 returned 34m at 1.3 g/t AuEq. from 326m. The results form part of an 11-hole, 7,000-metre program, with three holes pending and a Mineral Resource Estimate targeted for Q2 2026.
Drill resultsAwalé Hits 3.3 g/t Gold Equivalent over 38 Metres from First BBM Underground Drilling, Confirming Strong Grades at Depth
The first six holes of an 11-hole, 7,000-metre step-down diamond drilling program at the BBM gold-copper discovery, Odienné Project, Côte d'Ivoire, returned 3.3 g/t AuEq over 38m from 447m (38m @ 3 g/t gold, 0.5% copper), including 6.4 g/t AuEq over 6m, in BBDD-20. Other intercepts include 2.1 g/t AuEq over 22m from 505m (BBDD-9) and 2.0 g/t AuEq over 42m from 459m (BBDD-15). Assays for the remaining five holes, testing to 600m depth, are pending; a Mineral Resource Estimate is targeted for Q2 2026.
Drill resultsAwalé to Exhibit at PDAC 2026 Core Shack and Participate in Ore Day VIP Investor Lunch
Drill core from the Odienné Gold-Copper Project in Côte d'Ivoire will be displayed at the PDAC Convention Core Shack on March 3 and 4, 2026 at the Metro Toronto Convention Centre, booth 3117B, with CEO Andrew Chubb and VP Exploration Andrew Smith attending. Awalé will also exhibit at the Investors Exchange from March 1 to 4 at booth 2322, and participate in Ore Group's invite-only Ore Day investor lunch on February 28 at the Shangri-La Hotel Toronto.
CorporateAwalé Hits 52.8 g/t Gold over 9 Metres from Charger 1 Step-Down Drilling
Step-down drilling at the Charger target on the Odienné Project in Côte d'Ivoire returned 52.8 g/t gold over 9m from 354m, including 78.9 g/t gold over 6m (CHDD-03), 10.6 g/t gold over 7m from 320m (CHDD-02), 17.6 g/t gold over 4m from 297m and 3.8 g/t gold over 19m from 305m (CHDD-04), and 2.7 g/t gold over 20m from 303m (OEDD-170). The six holes form part of a 17-hole phase supporting an initial resource estimate; results from 11 further holes to 400m are pending.
Drill resultsAwalé Discovers Second High-Grade Gold Zone 200 Metres from the Charger Trend
Step-out drilling at the Charger target on the Odienné Project in Côte d'Ivoire intersected a second mineralized zone, Charger 2, about 200 metres southwest of the Charger 1 discovery, with intercepts of 16.3 g/t Au over 1m within 2.6 g/t Au over 10m (OEDD-158), 12.2 g/t Au over 1m within 2.2 g/t Au over 10m (OEDD-156) and 12.1 g/t Au over 1m within 4.8 g/t Au over 4m (OEDD-159). These are the first results from the 100,000-metre drill program, with nine rigs active and three untested demagnetized zones remaining.
Drill results
202530 releases
Awalé Launches 15,000-Metre Drill Program Targeting New Discoveries on 100%-Owned Permits
A 15,000-metre drill program is underway on Awalé's 100%-owned permits at the Odienné Project in Côte d'Ivoire, part of a fully funded C$8 million exploration budget through December 2026 supported by approximately C$15 million in treasury. A 4,000-metre program has commenced at the Fremen target within the Sienso permit, with scout drilling at Sama and Seydou scheduled for early 2026. Eight drill rigs are at Odienné, one dedicated to the 100%-owned permits, where over 1,500 geochemical samples have been collected.
Drill resultsAwalé Commences 88,000-Metre Drill Program Focused on Resource Definition and Discovery
An 88,000-metre diamond drill program is underway at the Odienné Project in Côte d'Ivoire, with four rigs operating and two more arriving in December, aimed at advancing the BBM, Charger and Empire targets toward initial resource estimates and testing greenfield targets. Planned metres total 88,700 across Q4 2025 to Q4 2026, including an initial 9,000 metres on high-priority new targets. Strike-extension drilling at Charger has begun, with first results expected before year end and a PEA targeted for Q3 2026.
Drill resultsAwalé Extends Charger’s High-Grade Gold Zone to 600 Metres below Surface; Intersects 17.9 g/t Gold over 6 Metres and Targets New Strike Extensions
Step-back diamond drilling at the Charger discovery on the Odienné Project in Côte d'Ivoire returned 17.9 g/t gold over 6 metres from 433 m downhole in hole OEDD-149, 1.9 g/t gold over 14 metres from 477 m in OEDD-150, and 4.8 g/t gold over 4 metres from 374 m plus 3.9 g/t gold over 9 metres from 446 m in OEDD-154. Mineralization now extends to 600 metres below surface and remains open. Four rigs mobilize in November.
Drill resultsAwalé Confirms ‘BBM Style’ Mineralization at the 100%-Owned Fremen Target
Reverse circulation drilling at the 100%-owned Fremen target on the Odienné Project in Côte d'Ivoire returned 7m @ 0.6 g/t Au from 97m (including 3m @ 1.1 g/t Au), 14m @ 0.4 g/t Au from 6m and 5m @ 1.3 g/t Au from 10m (including 1m @ 4.6 g/t Au). The 22-hole, 2,430m program tested a 5 km extension, bringing the mineralized trend to over 8 km of strike. Follow-up diamond drilling begins in November, with C$15 million in treasury.
Drill resultsAwalé Extends BBM Gold Mineralization at Depth, Including 3.3 g/t AuEq. over 21m, Indicating Emerging Underground Potential
Step-back diamond drilling at the BBM discovery on the Odienné Project in Côte d'Ivoire extended mineralization 400m down-plunge to a known depth of 570m, with hole OEDD-152 returning 54m at 1.9 g/t AuEq from 494m downhole, including 21m at 3.3 g/t AuEq, and hole OEDD-153 returning 38m at 1.4 g/t AuEq from 635m, including 12m at 2.0 g/t AuEq. Shallow RC drilling extended the trend 1 km northwest and 4 km southeast, with OERC-161 returning 1m at 18.3 g/t Au. A planned 100,000-metre drill campaign is contemplated to commence at the end of October 2025.
Drill results
202421 releases
Awalé resources Announces Board Changes
ManagementAwalé Resources Stock Option Grant
Corporate
202319 releases
Update on Odienné JV initial drilling
Drill results
202219 releases
Filing of NI 43-101 Technical Report
Study resultsAwalé Resources - Financing
Financing