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 (OTCQX: AWLRF) reported high-grade step-down drilling at the Charger target, including 52.8 g/t Au over 9 m from 354m (CHDD-03) and other multi-metre high-grade intercepts.
The program tests continuity to 400 m, is part of a planned 100,000-metre 2026 resource development campaign, and currently has 9 rigs operating across Odienné. Results from 11 additional step-down holes to 400 m remain pending.
Awalé Resources (OTCQX: AWLRF) announced a second shallow, high-grade gold zone 200 metres southwest of the original Charger discovery at the Odienné Project, discovered during the 100,000-metre 2025/26 drill program. Diamond holes OEDD-156, OEDD-158 and OEDD-159 returned notable intercepts including 16.3 g/t Au over 1m, 12.2 g/t Au over 1m and 12.1 g/t Au over 1m, within broader lower-grade intervals. Charger-style alteration and demagnetized targets validate the vectoring approach; three additional demagnetized zones remain untested. Nine rigs are active and further Charger results are expected in coming weeks.
Awalé Resources (OTCQX: AWLRF) launched a C$8.0 million fully funded exploration program on its 100%-owned permits at the Odienné Project, Côte d'Ivoire, through December 2026.
Key program elements: 15,000 metres of discovery drilling planned (including a 4,000-metre program at the Fremen target), 8 drill rigs active at Odienné with one rig dedicated to 100%-owned permits, detailed aerial magnetic and radiometric surveys completed at 100 m spacing, and >1,500 geochemical samples collected to date. The company reports ~$15 million in treasury to support spending.
Awalé Resources (OTCQX: AWLRF) has started an 88,000‑metre diamond drill program at the Odienné Project in Côte d'Ivoire with four rigs operating and two more arriving in December. The campaign aims to advance BBM, Charger, and Empire toward initial inferred resources and accelerate greenfield discovery across Odienné East and West permits.
Key near‑term milestones: initial Charger results expected before year‑end, greenfield drilling (9,000m) planned for high‑priority targets, and a preliminary economic assessment (PEA) targeted for Q3 2026. Up to 15,000m of additional drilling will be detailed in a later update.
Awalé Resources (OTCQX: AWLRF) reported step-back diamond drilling at the Charger discovery, Odienné project, confirming high-grade continuity to 600 metres below surface and remaining open in all directions. Key intercepts include 17.9 g/t Au over 6 m from 433 m (OEDD-149), 1.9 g/t Au over 14 m from 477 m (OEDD-150), and 4.8 g/t Au over 4 m from 374 m plus 3.9 g/t Au over 9 m from 446 m (OEDD-154). Four rigs will mobilize in November to expand the drilling campaign and test southwest strike extensions.
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.