en.Wedoany.com Reported - Awalé Resources Limited (TSX Venture Exchange: ARIC, OTCQX: AWLRF, Frankfurt Stock Exchange: 2F60) has filed an NI 43-101 technical report supporting the initial mineral resource estimate for the Odienné Gold Project in Côte d'Ivoire. The report, prepared by Mr. Galen White (B.Sc. Hons, FAusIMM, FGS) of Bara Consulting (UK) Ltd., Dr. Andrew Bamber (Ph.D., P.Eng.), and Dr. Neal Reynolds (Ph.D., FAusIMM, MAIG) of RynnGeo Consulting Pty. Ltd., has an effective date of April 1, 2026, and a report date of July 3, 2026.
The report, prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and the CIM Definition Standards for Mineral Resources and Mineral Reserves, is consistent with the initial mineral resource estimate announced by the company on May 19, 2026. The report is publicly available on SEDAR+ and the company's website, with no material modifications to the previously disclosed estimate.
This estimate covers three deposits: BBM, Charger, and Empire. The BBM deposit has an inferred resource of 27.8 million tonnes at a gold equivalent grade of 1.52 g/t, gold grade of 1.03 g/t, and copper grade of 0.32%, containing 1.356 million ounces of gold equivalent, 1.039 million ounces of gold, and 93,000 tonnes of copper, with 21.5 million tonnes from open pit and 6.3 million tonnes from underground. The Charger deposit is an underground operation type with an inferred resource of 1.6 million tonnes at a gold equivalent grade of 4.64 g/t, gold grade of 4.62 g/t, and copper grade of 0.02%, containing 232,000 ounces of gold equivalent, 231,000 ounces of gold, and 380 tonnes of copper. The Empire deposit is an open pit operation type with an inferred resource of 3.0 million tonnes at a gold grade of 1.23 g/t, containing 119,000 ounces of gold. The global total inferred mineral resource is 32.4 million tonnes at a gold equivalent grade of 1.64 g/t, gold grade of 1.33 g/t, and copper grade of 0.33%, containing 1.707 million ounces of gold equivalent, 1.389 million ounces of gold, and 93,000 tonnes of copper.
Key notes include: open pit mineral resources are reported at a cut-off grade of 0.32 g/t gold equivalent within a conceptual pit shell; underground mineral resources are reported at cut-off grades of 1.28 g/t gold equivalent for Charger and 1.34 g/t gold equivalent for BBM. Gold equivalent calculations use a gold price of $3,000/oz and a copper price of $4.34/lb, along with gold recoveries (Empire 94%, Charger 91%, BBM 86%) and copper recoveries (Empire 63%, Charger 94%, BBM 93%) based on average metallurgical test work results. Gold equivalent equations: Charger AuEq (g/t) = (1 × Au) + (1.007324 × Cu%); BBM AuEq (g/t) = (1 × Au) + (1.065793 × Cu%).
Awalé Resources President and CEO Andrew Chubb stated that this initial resource lays the foundation for the Odienné project. He noted that the project remains in an early exploration stage, with potential to discover additional deposits and achieve continued resource growth through further drilling. Currently, mineralization at all deposits remains open, and multiple prospective targets within the joint venture and the company's 100%-owned permit areas remain to be tested.
The Odienné project is held by the Awalé-Newmont joint venture covering a 797-square-kilometer permit area, with Awalé managing exploration and funding provided by Newmont Ventures Limited under an exploration agreement signed in May 2022. The company also controls a significant number of 100%-owned permits in the broader Odienné region, where multiple gold and copper-gold systems have been identified.
Drill samples used for this estimate were analyzed by Intertek and ALS Laboratories, both ISO-certified. Samples were prepared at the company's Odienné camp and then sealed and transported by the laboratories to sample preparation facilities in Yamoussoukro, Côte d'Ivoire. QAQC procedures include monitoring of blanks, duplicates, and standards. Samples with gold grades exceeding 5 g/t are routinely subjected to screen fire assay analysis.
