Northwire Canada EditionWednesday, August 5, 2026
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LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7% LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7%
Drill Results

Awale expands exploration in Ivory Coast

By The Northwire Desk — AI Analysis Aug 07, 2025 · 16:45 ARIC · 0.52 Awale Resources Limited
ARIC · Price

Executive Summary

  • Awale Resources is expanding systematic exploration across its 100 % owned permits (≈1,550 km²) within the Odienne project in Côte d’Ivoire.
  • The company has a $15 million cash treasury following a strategic investment by Fortuna Mining to fund ongoing and planned drill campaigns.
  • Two RC drill campaigns (46 holes, 4,444 m total) at the Fremen target have been completed; assay results are expected in August 2025, with additional drilling planned through 2025 on multiple permits.

Key Details

  • Land Coverage: 100 % owned permits now cover ~1,550 km², two‑thirds of the total Odienne project (2,346 km²).
  • Treasury: $15 million cash balance after Fortuna Mining’s strategic investment.
  • Fremen Target (Sienso Permit):
  • Completed a 24‑hole, 2,430 m RC drill program; results pending.
  • Total to date: 46 holes, 4,444 m across two campaigns.
  • Follow‑up diamond and RC drilling scheduled; assay results expected August 2025.
  • Other Permits & Work Programs:
  • Sama (296 km²) & Seydou (391 km²): Regional BLEG sampling completed, results due September 2025; aeromagnetic/radiometric surveys processed, imagery due September 2025; geochemistry (termite mound, soils, auger) ongoing; RC and diamond drilling planned.
  • GB (247 km²) & Tienko (371 km²): Permit applications in progress, expected grant Q4 2025.
  • Strategic Context: Recent award of Seydou and Sama permits increases critical mass for regional‑scale exploration; two additional permits anticipated by Q4 2025.
  • Funding Source: $15 million cash from Fortuna Mining’s recent strategic investment supports the expanded greenfield program.

Notable Quotes

“We are aggressively advancing exploration across three of our five 100‑percent‑owned permits… Backed by a strengthened treasury following Fortuna Mining's recent strategic investment, we are executing a systematic and well‑funded greenfield program…” – Andrew Chubb, CEO, Awale Resources.

Read the original news release →

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