Awale Hits 3.3 g/t Gold Equivalent over 38 Metres from First BBM Underground Drilling, Confirming Strong Grades at Depth

The most recent news (Feb 27, 2026) reports significant high-grade gold-copper intercepts from the first six holes of an 11-hole underground drilling program at the BBM discovery (Odienné Project, Côte d'Ivoire). Key results include 38m @ 3.3 g/t AuEq (including 6m @ 6.4 g/t AuEq) and 42m @ 2.0 g/t AuEq. These results are the first to test the "down-plunge" extension of the BBM high-grade core at depths of 400m to 600m. Management indicates these are some of the highest and broadest intercepts to date, confirming that grades are increasing with depth.

This news is Material - Positive. While the market was aware of the 100,000m drill program, these specific results provide the first empirical evidence that the BBM discovery maintains—and potentially improves—its grade and thickness at significant depth (400m+). - Resource Implications: The data directly supports the upcoming Mineral Resource Estimate (MRE) targeted for Q2 2026, shifting the project profile from a shallow open-pit prospect to a potential large-scale underground operation. - Continuity: The results confirm the "plunging shoot" model, reducing the risk of the mineralization "pinching out" at depth. - District Scale: Combined with recent high-grade hits at the Charger target (52.8 g/t Au over 9m in Jan 2026), the company is successfully proving multiple high-grade centers across its land package.

Awalé Resources is focused on the Odienné Project in Northwest Côte d'Ivoire. The project is a district-scale discovery characterized by Iron Oxide Copper Gold (IOCG) and intrusive-related mineral systems. - Flagship Project: Odienné Project. - Key Zones: BBM (Gold-Copper), Charger (High-grade Gold), and Empire (Gold). - Structure: The project is split between a Joint Venture with Newmont (Odienné East) and 100%-owned permits (Sienso, Sama, Seydou).