Awalé Resources Limited reports mineral exploration developments tied to gold and copper-gold targets in Côte d'Ivoire. Company news centers on the Odienné Copper-Gold Project, including drilling and assay results from targets such as BBM, Charger, Empire and Fremen, plus updates on mineralized corridors, shallow discoveries and depth extensions.
Coverage also includes Awalé's 100%-owned ground, the Sienso permit, and the Awalé-Newmont Joint Venture area where Awalé manages exploration activities with funding from Newmont Ventures Limited. Recurring announcements describe diamond and aircore drilling, gold and copper intercepts, project presentations and district-scale exploration work across the Odienné permit package.
Awalé Resources (AWLRF) reported drilling that extends BBM gold-copper mineralization outside its current mineral resource at the Odienné Project in Côte d’Ivoire. Hole BBDD-33 intersected 47 metres at 2.15 grams per tonne gold equivalent (AuEq.) from 589 metres downhole, including 3 metres at 10.31 g/t AuEq. The extension lies approximately 400 metres below surface and 200 metres along strike from the main high-grade shoot, toward the northwest.
Within the open-pit resource, BBDD-47 returned 44 metres at 3.11 g/t AuEq. from 154 metres downhole. Below-pit hole BBDD-39 returned 67 metres at 1.96 g/t AuEq. from 479 metres downhole. Results cover seven holes; assays remain pending for eight deep holes testing the high-grade core to approximately 600 metres vertical depth and 57 open-pit resource holes. Awalé is finalizing its 2026/2027 exploration program.
Awalé Resources (AWLRF) has launched a fully funded 15‑month, US$8.5 million regional exploration program across its 100%-owned Odienné ground in Côte d'Ivoire, totaling about 71,500 metres of drilling.
The campaign includes 23,940m auger, 10,000m aircore, 15,000m RC and 22,560m diamond drilling, plus around 15,620 surface geochemical samples. Work is already underway, with 8,509 termitaria and soil samples collected at Seydou and Sama and a 1,440m scout aircore program completed at Seydou’s Anomaly 1. About 5,960m of diamond drilling at the Fremen discovery is planned for Q4, and a further 15,000m (10,000m diamond, 5,000m RC) is reserved to rapidly follow up any new discoveries. The program is funded following a recent PDI Gold financing supported by Fortuna Mining and Newmont.
Awalé Resources (AWLRF) reported that shareholders approved all matters at the September 18, 2026 Annual General and Special Meeting.
Shareholders set the number of directors at five, with 75,622,717 votes cast in favour and none against. All five management-nominated directors — Charles Beaudry, Andrew Chubb, Michael Dorfman, Anthony Moreau and Stephen Stewart — were elected, with support ranging from 86.42% to 100.00% of votes cast. Davidson & Company LLP were reappointed as auditors with 100.00% of votes in favour.
Shareholders also approved an Omnibus Equity Incentive Plan, which received 65,383,933 votes (90.91%) in favour and 6,536,450 (9.09%) against. This new plan replaces the existing stock option and restricted share unit plans and remains subject to final TSX Venture Exchange acceptance.
The company highlights its flagship Odienné Project in Côte d'Ivoire, which hosts an inferred mineral resource estimate of 1.71 million ounces gold equivalent (32.4 Mt at 1.33 g/t Au and 0.33% Cu) across the BBM, Charger and Empire deposits, within a broader 2,338 km² project area.
Awalé Resources (AWLRF) reported metallurgical testwork from the Odienné gold-copper project showing gold recoveries of 91.0% to 97.8% by conventional whole-ore cyanidation, with every BBM, Charger and Empire deposit exceeding the recovery assumptions used in the May 2026 Mineral Resource Estimate.
Modelled preferred flowsheets increased gold extraction to 93.7% at BBM, 97.0% at Charger and 98.2% at Empire, with the blended Project composite at 96.3% gold recovery. At BBM, adding gravity and copper flotation lifted gold recovery from 91.0% to 93.7% and recovered 92.3% of the copper, close to the 93% assumed in the resource model. Gravity recoverable gold was 45.0% at BBM, 53.4% at Charger and 70.2% at Empire into concentrates of less than 0.85% mass. The company said these results complete a core technical input for the upcoming Preliminary Economic Assessment and will guide future resource updates and drill result reporting.
Awalé Resources (OTCQX: AWLRF) has defined a new 4-kilometre gold anomaly (“Anomaly 1”) on its 100%-owned Seydou permit within the Odienné Project in Côte d'Ivoire, based on 4,098 termite mound and soil samples with peak values up to 514 ppb Au in termitaria and 214 ppb Au in soils.
A 24-hole, ~1,500 m aircore program is underway to test about 2 km of this trend, while a seven-hole, ~1,600 m diamond “framework” program is drilling the Fremen discovery to establish 300 m of strike and 200 m down-dip continuity. According to Awalé, the company holds a $36.5 million treasury and plans to present an updated, accelerated exploration plan for its 1,542 km² 100%-owned Odienné ground in mid-September. The broader Odienné Project totals 2,338 km² and already hosts an inferred resource of 1.71 Moz gold equivalent across the BBM, Charger, and Empire deposits.
Awalé Resources (OTCQX: AWLRF) has appointed senior mining executive Michael Dorfman to its Board of Directors, replacing Karl Akueson, who has stepped down effective immediately. Dorfman brings over 20 years of mining, M&A, strategy, and capital markets experience, including senior leadership roles at DPM Metals and prior investment banking positions.
In connection with his appointment as an independent director, Awalé granted Dorfman 400,000 stock options exercisable at $0.90 per share for three years, vesting over two years; the appointment and option grant are subject to final TSX Venture Exchange approval. Awalé’s flagship Odienné Project in Côte d'Ivoire hosts an initial inferred mineral resource of 1.71 million ounces gold equivalent (32.4 Mt at 1.33 g/t Au and 0.33% Cu), supported by a joint venture with Newmont Ventures and a broader 100%-owned land package.
Awalé Resources (OTCQX: AWLRF) reported first deeper drill results from the BBM gold-copper deposit at the Odienné Project in Côte d'Ivoire, confirming continuation of the high-grade core below the current open pit Mineral Resource and indicating emerging underground potential.
The initial two holes of a planned twelve-hole program intersected 7m at 7.21 g/t gold equivalent from 385m (including 1m at 43.68 g/t AuEq, the highest grade drilled at BBM to date) in hole BBDD-31, and 46m at 2.35 g/t AuEq from 364m (including 17m at 3.41 g/t AuEq) in BBDD-30. Drilling follows the interpreted steeper plunge of the high-grade core down to about 600m, with assays for ten additional holes pending and further step-out and deeper drilling planned.
According to Awalé, Odienné hosts an initial inferred Mineral Resource Estimate of 1.71 million ounces gold equivalent across BBM, Charger, and Empire (32.4 Mt at 1.33 g/t Au and 0.33% Cu), with exploration funded on joint venture ground by Newmont Ventures and seven rigs currently active on the project.
Awalé Resources (OTCQX: AWLRF) filed an NI 43-101 Technical Report for the initial Odienné Project Mineral Resource Estimate in Côte d'Ivoire, effective April 1, 2026.
The global 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. Key deposits are BBM, Charger and Empire.
Awalé Resources (OTCQX: AWLRF) reported second-phase step-out drilling results at the Charger 2 target on the Odienné Project in Côte d'Ivoire.
New intercepts include 18.0 g/t Au over 7m within 9.2 g/t over 18m and 14.1 g/t Au over 4m within 4.0 g/t over 16m, outside the current Charger MRE envelope of 1.71 Moz AuEq at 1.64 g/t AuEq. Mineralization remains open along strike and down plunge, about 200m southwest of Charger 1. Five drill rigs are active, with two more expected, supporting ongoing exploration and potential resource growth across Charger and BBM.
Awalé Resources (OTCQX: AWLRF) increased its cash position to approximately $18.8 million after the exercise of 5,499,166 warrants at $0.20, raising about $1.1 million. Insiders and a strategic shareholder exercised roughly 5.2 million warrants. The company now has 118,996,931 shares outstanding and targets a Preliminary Economic Assessment in Q3 2026 to advance its Côte d'Ivoire gold projects.