Newmont-backed Awalé Odienné gold find: key drilling and PEA signals for mine planners
Reviewed by Tom Sullivan

First reported on MINING.com
30 Second Briefing
Drilling at Awalé Resources’ Odienné copper-gold project in northwest Côte d’Ivoire has defined a new near-surface gold zone at the Fremen target, with aircore hole SSAC-08 returning 17 metres at 1.9 g/t gold from 6 metres (including 9 metres at 2.3 g/t), and SSAC-07 cutting 12 metres at 2.1 g/t from 32 metres. Assays confirm mineralisation over a 1 km zone within an 8 km corridor on the Sienso permit, from a 5,210-metre, 126-hole stage-three programme. Backed by Newmont (8.9% interest, JV on adjacent targets) and Fortuna (15%), Awalé plans an initial resource in Q2, PEA in Q3 and pre-feasibility by late 2027.
Technical Brief
- Stage-three Fremen programme totals 5,210 m across 126 aircore and RC holes on Sienso permit.
- Deeper diamond hole SSDD-03 intersected 17 m at 1.1 g/t Au from 113 m downhole.
- SSDD-02 returned 13 m at 1.0 g/t Au from 78 m, including 4 m at 1.8 g/t.
- Fremen lies on the eastern edge of the Odienné project, outside the Newmont JV earn-in area.
- Newmont funds all exploration on JV targets Charger, BBM and Empire, reducing Awalé’s cash burn there.
- Odienné sits on a relatively under-explored segment of the Birimian greenstone belt in northwest Côte d’Ivoire.
- Market capitalisation of Awalé is about C$92.5 million at a share price of C$0.82.
Our Take
With Newmont already prominent across several of our recent gold and copper pieces – from Cadia in Australia to global Top 50 rankings – its 8.9% stake in Awalé signals that Odienné sits within the major’s broader pipeline of optionality assets rather than as a standalone junior play.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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