Awale Resources

Description

Awalé Resources Limited is a Canadian-listed explorer whose flagship and sole material asset is the Odienné gold-copper project in Côte d'Ivoire, held through a joint venture in which Newmont Corporation has earned a controlling 51% interest (advancing toward 61% upon completing its option to acquire the remaining 10% minority stake from ANGET shareholders), leaving Awalé with an implied 39% project interest. The project hosts an inferred mineral resource of 1.71 million ounces gold-equivalent (32.4 million tonnes at 1.64 g/t AuEq) across the BBM, Charger and Empire deposits, with a Preliminary Economic Assessment targeted for Q3 2026; no PFS or DFS exists yet.

Newmont and PDI Gold (backed by Fortuna Mining and Newmont) have jointly funded a fully-financed US$8.5 million, 71,500-metre exploration program across 15 months, underscoring major-company confidence in the district's continued discovery potential beyond the three deposits already defined.

Weakness

List of projects

Project 1: Odienné Gold-Copper Project (BBM, Charger, Empire deposits) — 39% Awalé interest (Newmont 51%, advancing to 61%), Côte d'Ivoire; metals: Gold, Copper.

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Forecast share price