Mr. Andrew Chubb reports
AWALE ANNOUNCES 100,000-METRE DRILL PROGRAM AT ODIENNE
Awale Resources Ltd. has planned a proposed program of up to 100,000 metres of resource definition and discovery drilling, through 2026, at the Odienne project in Ivory Coast.
Highlights:
- 12,000-metre discovery drill program on 100-per-cent-owned permits with $15-million cash on hand;
- Up to 88,000-metre discovery and resource definition drill program on the Odienne East joint venture permit throughout 2025 to 2026;
- Drilling begins October, 2025, targeting first mineral resource estimate in 2026.
This large-scale program is planned to position Awale to deliver a first mineral resource estimate and preliminary economic assessment for the project in Q2 2026 and to advance toward a prefeasibility study in 2027 encompassing the BBM, Charger and Empire zones.
In parallel, Awale is aggressively advancing a systematic exploration program on the recently granted Sama and Seydou permits, where discovery drilling is designed to unlock the project's district-scale potential and generate the next wave of discoveries. These highly prospective permits lie within the same mineralized system and along strike from BBM, Charger and Empire.
"We are very pleased to launch 100,000 metres of drilling at the Odienne project; the program consists of a combination of resource development and discovery drilling that is designed to deliver the first resource estimate and preliminary economic study for the project. We have an impressive inventory of discoveries demonstrating Odienne as a district-scale gold-and-copper-mineralized system, and we have confidence in the potential for the project to deliver new discoveries in our recently granted permits.
"Awale is well financed and supported to achieve this ambitious program and we look forward to delivering new discoveries and our first resources in 2026," said Andrew Chubb, chief executive officer of Awale Resources.
Drilling is currently planned to commence after the rainy season in October, 2025, with up to five rigs expected on site and near-continuous drilling planned throughout 2026. Drilling on any JV claim has been planned and remains subject to Newmont Ventures Ltd.'s continuing approval. The company will provide shareholders with updates on specific targets, timelines and results as the program advances.
The company also anticipates publishing assay results from earlier drilling at Charger, BBM and Fremen in the near term.
About Awale Resources Ltd.
Awale is a diligent and systematic mineral exploration company focused on discovering large, high-grade gold and copper-gold deposits. Exploration activities are currently under way in the underexplored regions of Ivory Coast, where the company is exploring the Odienne copper-gold project, covering 2,346 square kilometres across seven permits -- five granted and two applications. This includes 797 square kilometres in two permits held under the Awale-Newmont joint venture (OJV). Awale manages all exploration activities over the OJV, with financing provided by Newmont.
Awale has discovered four gold-, gold-copper- and gold-copper-silver-molybdenum-mineralized systems within the OJV and has recently commenced exploration on its 100-per-cent-owned properties.
The Odienne project is underexplored and has multiple pipeline prospects with similar geochemical signatures to iron oxide copper-gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The company benefits from a skilled and well-seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.
Qualified person
The technical and scientific information contained in this news release has been reviewed and approved for release by Mr. Chubb, the company's qualified person as defined by National Instrument 43-101. Mr. Chubb is the company's chief executive officer, holds an economic geology degree, is a member of the Australian Institute of Geoscientists (AIG) and is a member of the Society of Economic Geoscientists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and mining project evaluation.
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