Awale Files NI 43-101 Technical Report for the Odienne Project Mineral Resource Estimate
Awale files an NI 43-101 report covering 1.71 million ounces of gold equivalent at its project ahead of a planned preliminary economic assessment in the third quarter.
Awalé Resources Limited has filed the NI 43-101 Technical Report supporting its initial Mineral Resource Estimate for the Odienné Project in Côte d'Ivoire. This filing formalizes the announcement made on May 19, 2026, which outlined a 32.4 million tonne inferred resource grading 1.64 g/t AuEq, containing 1.71 million ounces of gold equivalent, comprising 1.39 moz Au and 93,000 tonnes of copper.
The resource is distributed across three deposits: BBM, which is designated as a combined open pit and underground operation; Charger, identified as a high-grade underground deposit; and Empire, characterized as a near-surface open pit. Technical parameters for the estimate utilized a gold price of $3,000/oz and a copper price of $4.34/lb, with recoveries ranging from 86% to 94% for gold and 63% to 94% for copper. The filing represents a standard regulatory step following the initial release of the Mineral Resource Estimate and does not introduce new geological data or revised resource figures.
Awale Resources Limited released a procedural compliance update regarding its mineral resource estimate, which had already been disclosed in May and priced into the stock, which traded in the $0.75-$0.80 range following the initial announcement. The technical report confirms the methodology, assumptions, and Qualified Person statements by Galen White, Dr. Andrew Bamber, and Neal Reynolds without altering the resource estimate. No improvements or misses were noted relative to prior expectations, with the market impact remaining neutral to mildly positive as the update validates the project's readiness for the next study phase.
Awale Resources Limited (ARIC) is an exploration-stage company focused on the Odienné Project in Côte d'Ivoire, a 2,346 km² land package. The flagship project is a joint venture with Newmont Ventures Ltd., encompassing the BBM, Charger, and Empire gold-copper deposits. The company also holds 100% ownership over approximately 1,550 km² of greenfield permits (Sienso, Sama, Seydou), where systematic exploration is underway to build a district-scale discovery pipeline. The project is in the resource definition phase, transitioning toward economic studies.