Awale Secures Final Two Permits, Consolidating 1,542 km Superscript 2 of 100%-Owned Ground Ahead of Fully Funded Exploration Program
Awale secured final permits for 1,542 km² of 100%-owned ground ahead of a funded drill program.
Awale Resources Limited has secured the final two exploration permits, designated Tienko and GB, for its Odienné Project in Côte d'Ivoire, subject to pending presidential signature. This development completes the grant of all five permits across the company’s 100%-owned ground, consolidating a land position of approximately 1,542 km².
The newly acquired permits integrate into a fully funded C$12 million, 71,500-metre exploration program supported by strategic shareholders PDI Gold, Fortuna Mining, and Newmont. Planned activities at the Tienko and GB sites include airborne geophysical surveys, geochemical sampling, and auger drilling, which will extend the exploration footprint along a regional gold trend. The program also includes a reserve of 15,000 metres of drilling to follow up on new discoveries.
Awale Resources Limited (ARIC) has secured the final permits for its exploration program, a development that removes a regulatory hurdle and confirms the company can proceed with planned surface and drill work on its wholly-owned ground. This news represents a routine execution step following the September 22 announcement of the fully funded 71,500-metre exploration program.
The C$12 million budget is already backed by recent strategic financing, meaning the program is fully funded and does not require immediate additional capital raises. The permit consolidation strengthens the company's land position along a regional structural trend, providing a clear platform for systematic exploration and potential new discoveries. The pending presidential signature is a standard administrative step, with field work expected to commence in the coming weeks.
Awale Resources Limited is an exploration-stage gold and copper company focused on the Odienné Project in Côte d'Ivoire. The flagship project covers 2,338 km², comprising a 1,542 km² 100%-owned land package and a 797 km² joint venture with Newmont.
The Odienné Project 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) across the BBM, Charger, and Empire deposits. The company is advancing a systematic, district-scale exploration strategy targeting new discoveries on its wholly-owned ground while expanding the JV resource.
Metallurgical testwork indicates simple, conventional processing with high gold recoveries (91% to 98%) and robust copper recovery, supporting positive economic study inputs.