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S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Awale plans 100,000-metre drill program at Odienne

By The Northwire Desk — AI Analysis Oct 03, 2025 · 14:19 ARIC · 0.58 Awale Resources Limited
ARIC · Price

Executive Summary

  • Awale Resources Ltd. announced a up‑to 100,000 m drill program at its Odienne project in Ivory Coast, slated to begin October 2025 and run through 2026.
  • The program includes a 12,000 m discovery phase on wholly‑owned permits (with $15 M cash on hand) plus up to 88,000 m of joint‑venture drilling targeting a first mineral resource estimate in Q2 2026 and a preliminary economic assessment the same year.
  • The company also highlighted parallel exploration on newly granted Sama and Seydou permits, aiming to unlock district‑scale potential and generate additional discoveries.

Key Details

  • Program Scope: Up to 100,000 m of drilling through 2026 (12,000 m on 100% owned Odienne permits; up to 88,000 m on the Odienne East JV permit).
  • Cash Position: $15 million available for the discovery portion.
  • Timeline: Drilling starts October 2025 after the rainy season; first resource estimate targeted for Q2 2026; PEAs also expected in 2026; prefeasibility study planned for 2027.
  • Drilling Operations: Up to five rigs on site, near‑continuous drilling throughout 2026. JV drilling subject to Newmont Ventures Ltd.’s approval.
  • Exploration Expansion: Systematic program on newly granted Sama and Seydou permits (100% owned) to explore district‑scale potential adjacent to BBM, Charger, and Empire zones.
  • Assay Results: Near‑term publication of assay results from earlier drilling at Charger, BBM, and Fremen.
  • Financing: Program is “well financed” with existing cash and Newmont financing for the joint‑venture portion (no new financing disclosed).

Notable Quotes

“We are very pleased to launch 100,000 metres of drilling at the Odienne project; the program consists of a combination of resource development and discovery drilling that is designed to deliver the first resource estimate and preliminary economic study for the project.” – Andrew Chubb, CEO, Awale Resources

“Awale is well financed and supported to achieve this ambitious program and we look forward to delivering new discoveries and our first resources in 2026.” – Andrew Chubb, CEO, Awale Resources

Read the original news release →

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Drill Results May 27, 2026 · 07:01

Awale Resources Funds Exploration Runway as Odienne Project Advances Toward PEA

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