Geomechanics.io

  • Free Tools
Sign UpLog In

    Geomechanics.io

    Geomechanics, Streamlined.

    © 2026 Geomechanics.io. All rights reserved.

    Geomechanics.io

    CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

    Industries

    MiningConstructionTunnelling

    Company

    Terms of UsePrivacy PolicyLinkedIn
    Projects
    Contract Award

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

    May 4, 2026|

    Reviewed by Tom Sullivan

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

    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.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    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.

    Related Articles

    MAX Power Mining–Moose Jaw hydrogen MOU: subsurface and capex notes for engineers
    Mining
    about 17 hours ago

    MAX Power Mining–Moose Jaw hydrogen MOU: subsurface and capex notes for engineers

    MAX Power Mining has signed an MOU with the City of Moose Jaw, Saskatchewan, to advance natural hydrogen commercialisation in the Regina–Moose Jaw Industrial Corridor, centred on the Lawson Natural Hydrogen system near Central Butte, about 80 km northwest of the city. Core desorption tests from nine samples in Cambrian Basal sands above the Basement Complex discovery returned helium values up to 8.7%, averaging 4.4%, indicating a potentially valuable hydrogen–helium system. The partners aim to leverage existing regional infrastructure and policy support to move the project towards commercial validation.

    Water shortages and mining projects: schedule and design takeaways for engineers
    Mining
    about 19 hours ago

    Water shortages and mining projects: schedule and design takeaways for engineers

    Water scarcity and multi‑year permitting delays—often two to four years for discharge and dewatering approvals in the western US—are increasingly stalling otherwise bankable mines, with water risk now affecting project schedules, financing and national credit profiles. Consultants such as Woodard & Curran report that “credible water stories” are becoming as critical as ore grades, pushing operators towards closed‑loop recycling and non‑traditional sources. US firms Genesis Systems and Atoco are deploying atmospheric water generation units, including Genesis’ containerised WaterCube systems producing over 1,000 gallons per day off‑grid, now trialled at mine sites.

    Nouveau Monde’s Matawinie graphite mine: capex, schedule and offtake lens for engineers
    Mining
    about 21 hours ago

    Nouveau Monde’s Matawinie graphite mine: capex, schedule and offtake lens for engineers

    Nouveau Monde Graphite has approved construction of the Matawinie open-pit mine in Saint-Michel-des-Saints, Quebec, designed to produce about 106,000 tonnes per year of graphite concentrate over more than 25 years and powered by the provincial hydroelectric grid. The company has secured roughly $644.5 million in equity and debt, with total capex for Matawinie and the Bécancour battery material plant now estimated at about $634 million after downsizing the plant from the 2025 feasibility study. A 30‑month build is planned to reach full production by end‑2028, with 75% of output under offtake, including a seven‑year, 30,000‑t/y fixed‑price contract with the Government of Canada.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental