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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 Announces 100,000-Metre Drill Program at Odienne

By The Northwire Desk — AI Analysis Oct 03, 2025 · 07:01 ARIC · 0.58 Awale Resources Limited
ARIC · Price

Executive Summary

  • Awalé Resources announces a proposed up‑to 100,000 metre discovery and resource‑definition drilling program at the Odienné Project in Côte d’Ivoire, slated to begin October 2025.
  • The program is intended to deliver the first Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) by Q2 2026, with a view toward a Pre‑Feasibility Study in 2027 covering the BBM, Charger, and Empire zones.
  • Awalé reports C$15 million of cash on hand and confirms it is “well‑financed” to execute the multi‑rig drilling campaign, which may involve up to five rigs operating near‑continuously through 2026.

Key Details

  • Program Scope: Up to 100,000 metres of drilling through 2026 (12,000 m discovery drill now; up to 88,000 m additional discovery/resource definition).
  • Timeline: Drilling to commence after the rainy season in October 2025; continuous drilling planned for 2026.
  • Resources & Personnel: Up to five (5) drilling rigs expected on site; JV claim drilling subject to Newmont’s ongoing approval.
  • Target Outcomes: First Mineral Resource Estimate and PEA targeted for Q2 2026; subsequent Pre‑Feasibility Study aimed for 2027.
  • Exploration Expansion: Parallel systematic exploration on newly granted Sama and Seydou permits to unlock district‑scale potential.
  • Financial Position: C$15 million cash on hand, described as sufficient to fund the announced program.
  • Assay Results: Company expects to publish assay results from earlier drilling at Charger, BBM, and Fremen in the near term.
  • Leadership Quote: CEO Andrew Chubb stated the company is “well‑financed and supported to achieve this ambitious program” and expressed confidence in delivering new discoveries and the first resources in 2026.

Notable Quotes

“We are very pleased to launch 100,000 metres of drilling at the Odienné Project… we have an impressive inventory of discoveries demonstrating Odienné as a district‑scale gold and copper mineralized system…” – Andrew Chubb, CEO, Awalé Resources.

Read the original news release →

More from Awale Resources Limited

Jul 27, 2026 · 17:00

Awale’s cash rises to $35m following Fortuna’s participation, funding an exploration push at its Odienné project.

Financings Jul 20, 2026 · 07:01

Awale’s deep BBM hole confirms a steepened high-grade core with a narrow bonanza inclusion but missing true width.

Drill Results Jul 14, 2026 · 17:01

Awale secures a $14.15 million strategic investment from Predictive Discovery to advance its exploration and development projects.

Financings Jul 03, 2026 · 17:01

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.

Resource Estimate Jun 03, 2026 · 07:01

Awale’s Charger 2 step-out validates its conservative mineral resource estimate, with the preliminary economic assessment remaining the primary catalyst for the project.

Drill Results May 27, 2026 · 07:01

Awale Resources Funds Exploration Runway as Odienne Project Advances Toward PEA

Financings