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Awalé Resources Announces Inferred Mineral Resource Estimate of 1.71 Moz Gold Equivalent for the Odienné Project, 32.4 Mt at 1.64 g/t Gold Equivalent (1.33 g/t Gold, 0.33% Copper)
Highlights 32.4 Mt grading 1.64 g/t gold equivalent ("AuEq.") for 1,707,000 ounces AuEq. inferred from combined open pit and underground resources, including
About this update from Awale Resources Limited
[{"type":"text","content":" Highlights 32.4 Mt grading 1.64 g/t gold equivalent (\"AuEq.\") for 1,707,000 ounces AuEq. inferred from combined open pit and underground resources, including 1,389,000 oz gold and 93,000 tonnes copper. BBM forms the cornerstone deposit with a combined open pit and underground resources of 27.8 Mt at 1.52 g/t AuEq. for 1.36 Moz AuEq. (1.16 g/t gold and 0.33% copper). Charger defines a high-grade underground resource of 1.6 Mt at 4.64 g/t AuEq. for 232 koz AuEq. Empire contributes a near-surface open pit resource of 3.0 Mt at 1.23 g/t gold for 119 koz gold. Strong potential for resource growth and conversion from inferred to indicated through ongoing infill and expansion drilling near existing deposits. Preliminary Economic Assessment targeted for Q3 2026 and a Pre-Feasibility Study in Q4 2027. Toronto, Ontario--(Newsfile Corp. - May 19, 2026) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) (\"Awalé\" or the \"Company\") is pleased to announce an initial Mineral Resource Estimate (\"MRE\") for the Odienné Project (\"Odienné\" or the \"Project\") in Côte d'Ivoire, prepared by Bara Consulting Limited, with an effective date of April 1, 2026. This MRE establishes Odienné as a significant gold-copper project within Côte d'Ivoire, with a substantial inferred resource of 1.71 Moz AuEq. at a robust average grade of 1.64 g/t AuEq. across the BBM, Charger, and Empire deposits. The resource combines near-surface open pit mineralization at BBM and Empire with high-grade underground mineralization at Charger and deeper portions of BBM, providing development flexibility as the Company advances toward a PEA targeted for Q3 2026. \"This initial Mineral Resource Estimate is a validation of the scale and quality of the Odienné Project, confirming a sizeable and continuous gold-copper system with room to grow. Delivering an inferred resource of 1.71 million ounces gold equivalent at an average grade of 1.64 g/t AuEq. at this stage meets our expectations and underscores the strength of the system we are defining. Awalé built this Project from the ground up, and are the first company to build targets and commence systematically exploring the district. What is particularly encouraging is the balance between near-surface, open-pit mineralization at BBM and Empire, and the growing high-grade underground potential at both Charger and...