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Awalé Resources (OTCQX: AWLRF) reported RC drill assays at the 100%-owned Fremen target, confirming near-surface gold mineralization along an ~8 km strike including a newly tested 5 km southern extension. The 22-hole, 2,430 m scout program returned notable intersections such as 7 m @ 0.6 g/t Au, 14 m @ 0.4 g/t Au and 5 m @ 1.3 g/t Au (best 1 m @ 4.6 g/t Au). Awalé holds C$15 million in treasury and plans follow-up diamond drilling in November and a 100,000 m drill program across Odienné.
Awalé Resources (OTCQX: AWLRF) reported step-back diamond drilling at the BBM discovery that extended gold mineralization 400m down-plunge to a known depth of 570m. Highlights include 54m @ 1.9 g/t AuEq from 494m in OEDD-152, including 21m @ 3.3 g/t AuEq, and 38m @ 1.4 g/t AuEq from 635m in OEDD-153. The company also reports near-surface strike extensions: ~1 km NW and ~4 km SE from satellite RC lines. The interpreted higher-grade plunging shoot is ~300m long with true widths of 15–35m. Awalé plans a 100,000-metre drill campaign at Odienné, contemplated to start end of October 2025 as the wet season subsides.
Awalé Resources (OTCQX: AWLRF) announced a proposed up to 100,000‑metre discovery and resource‑definition drilling program at the Odienné Project in Côte d'Ivoire, through 2026. The plan splits into a 12,000‑metre discovery program on 100%‑owned permits (C$15M cash on hand) and up to 88,000 metres on the Odienné East JV permit across 2025–2026. Drilling is scheduled to start October 2025 after the rainy season with up to five rigs and continuous activity through 2026. Awalé targets a first Mineral Resource Estimate and Preliminary Economic Assessment in Q2 2026 and advancement toward a Pre‑Feasibility Study in 2027. JV drilling remains subject to Newmont approval.
Awalé Resources (OTCQX: AWLRF) held its 2025 Annual General Meeting where shareholders approved all proposed matters. The meeting resulted in the election of five directors with approval rates ranging from 88.34% to 97.83%. Davidson & Company LLP was reappointed as auditors with 100% approval.
Shareholders also approved the company's RSU Plan and 10% rolling stock option plan, both receiving 93.22% approval. Following the meeting, Awalé granted 3,330,000 stock options at $0.54 per share and 305,000 RSUs to directors, officers, and employees. The company now has 10,301,667 total incentives issued, representing 9.98% of outstanding shares.
Awalé Resources (OTCQX: AWLRF) is expanding its exploration activities across its 100%-owned permits within the Odienné Project in Côte d'Ivoire. The company controls approximately 1,550 km² of the total 2,346 km² project area. With a robust C$15 million treasury following Fortuna Mining's strategic investment, Awalé is well-funded to advance its greenfield exploration program.
The company has completed two drill campaigns at the Fremen target, totaling 46 holes over 4,444 metres, with new results expected in August 2025. The exploration program spans three main permits: Sienso (245 km²), Sama (296 km²), and Seydou (391 km²). Two additional permits, GB (247 km²) and Tienko (371 km²), are expected to be granted in Q4 2025.
Awalé Resources (TSXV: ARIC) (OTCQX: AWLRF) has begun trading on the OTCQX Best Market, the highest tier of OTC Markets Group's trading platforms. The company will maintain its primary listing on the TSX Venture Exchange while expanding its presence in U.S. markets.
The OTCQX listing, which hosts 12,000 U.S. and global securities, requires companies to meet strict financial standards and corporate governance practices. This strategic move aims to increase Awalé's visibility and accessibility to U.S. investors as the company continues to develop its Odienné Project in Côte d'Ivoire, where multiple gold discoveries have been made.
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