Awale Discovers Second High-Grade Gold Zone 200 Metres from the Charger Trend

The most recent news (January 15, 2026) announces a new high-grade gold discovery dubbed "Charger 2," located 200 meters southwest of the original Charger Trend. Significant diamond drill intercepts include 10m @ 2.2 g/t Au (hole OEDD-156) and 10m @ 2.6 g/t Au (hole OEDD-158), both containing higher-grade narrow intervals (up to 16.3 g/t Au). The discovery validates the company's "demagnetized zone" targeting model, suggesting that the Charger system is not an isolated occurrence but a cluster of mineralized zones. Nine drill rigs are currently active as part of a massive 100,000-meter program.

This news is materially positive as it confirms the scalability of the Charger target, which has previously produced "bonanza" grades (e.g., 32m @ 45.7 g/t Au). While the current intercepts in Charger 2 are lower in grade than the best results from Charger 1, they demonstrate that the mineralization style is repeatable across multiple "demagnetized" zones. - This discovery reduces exploration risk for the remaining three untested geophysical targets in the immediate area. - It provides additional volume potential for the upcoming inaugural Mineral Resource Estimate (MRE). - The presence of nine rigs signifies a high-conviction, high-burn phase backed by strategic partners, which accelerates the timeline to a potential Tier-1 discovery.

Awale Resources is exploring the Odienné Project in northwest Côte d'Ivoire. The project covers 2,346 km² and is divided into two distinct parts: - The Odienné East JV: 797 km² under a joint venture with Newmont Ventures Limited. Newmont provides financing while Awale manages operations. - 100%-Owned Permits: 1,550 km² (Sienso, Sama, Seydou, etc.) where Awale retains full ownership and is funded by strategic equity investments. - Flagship Targets: BBM (Gold-Copper IOCG style), Charger (High-grade Gold breccia), and Empire (Gold).