Awalé Resources Limited

ARIC

CA05455R2081

Gold

Delayed Toronto S.E. Other stock markets 02:35:09 2024-04-30 pm EDT			5-day change	1st Jan Change
0.61 ^CAD	-3.17%		-1.61%	+351.85%

Apr. 18	Awale Resources to Raise $10 Million in Bought Deal Private Placement	MT
Apr. 17	Awalé Resources Limited announced that it expects to receive CAD 10.0006 million in funding	CI

AwalÃƒ© Resources sees fresh Newmont investment as statement of "confidence in the story"

December 29, 2023 at 01:48 pm EST

(via NewsDirect)

Awalé Resources Ltd CEO Andrew Chubb speaks to Thomas Warner from Proactive after the junior exploration company closed a non-brokered private placement with Newmont Ventures Limited, a subsidiary of Newmont Corporation, raising nearly C$1 million. The funds will be allocated for greenfield exploration on the Odienné project permits and enhances Newmont's stake in the company to 15%.

Originally holding 10% of Awalé through a joint venture, Newmont's investment dipped but was restored and increased at a premium price. This financial boost enables Awalé to accelerate exploration on their wholly-owned permits, which encircle the two properties jointly ventured with Newmont.

Chubb suggests that the expanded investment from Newmont not only demonstrates trust in Awalé's operational approach but also signifies the potential of the district where they operate. Reflecting on 2023, Chubb expresses satisfaction with the company's progress.

Contact Details

Proactive

+1 604-688-8158

na-editorial@proactiveinvestors.com

Latest news about Awalé Resources Limited

Awale Resources to Raise $10 Million in Bought Deal Private Placement	Apr. 18	MT
Awalé Resources Limited announced that it expects to receive CAD 10.0006 million in funding	Apr. 16	CI
Awalé Resources Limited Announces the Commencement of A 3,000 Metre Diamond Drilling Program over the Charger Prospect At the Odienné Project	Apr. 05	CI
Awalé Resources Limited Hits 45.7 G/T Gold over 32M At the Odienné Project	Mar. 25	CI
Awale Resources Limited Reports Significant Assay Results At the Odienne Project	Mar. 18	CI
Awale Resources Highlights Multiple Shallow High-Grade Intercepts From Odienne Project; Up Nearly 27.8%	Mar. 18	MT
Awalé Resources Limited Announces A New Gold-Copper Discovery At the BBM Target Within the Odienné Project in Côte d'Ivoire	Jan. 12	CI
Awale Starts New Diamond Drill Program at Odienne Project in Cote d'Ivoire, Secures Additional JV Funding with Newmont	Dec. 27	MT
Awalé Resources Limited announced that it has received CAD 0.957531 million in funding from Newmont Ventures Limited	Dec. 18	CI
Awalé Resources Limited announced that it expects to receive CAD 0.957531 million in funding from Newmont Ventures Limited	Nov. 30	CI
Awalé Resources Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 28	CI
Awalé Resources Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-27	CI
Awalé Resources Limited Completes Nearly 5,000M Drill Program with Assays Pending	23-07-27	CI
Awale Resources Limited Announces the Completion of A Detailed Airborne Magnetic and Radiometric Survey over Odienne East	23-07-13	CI
AwalÃ© Resources Limited Appoints Charles Beaudry as Non-Executive Director	23-07-13	CI
Awal Resources Limited Intercepts Visible Gold, Extending Mineralization At the Charger Target, Odienn Copper-Gold Project, Cte D'ivoire	23-06-21	CI
Awalé Resources Limited Recommences Drilling at the Odienné Copper Gold Project	23-06-06	CI
Awalé Resources Limited Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-30	CI
Awalé Resources Limited Announces Board Changes	23-05-25	CI
Awalé Resources Limited Announces Management Changes	23-05-25	CI
AwalÃ© Resources Limited announced that it has received CAD 0.86061 million in funding	23-05-23	CI
AwalÃ© Resources Limited announced that it has received CAD 1.496452 million in funding from Orecap Invest Corp.	23-05-23	CI
Awalé Resources Limited Auditor Raises 'Going Concern' Doubt	23-05-08	CI
Awalé Resources Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-08	CI
Awalé Resources Limited Announces the Resignation of Glen Parsons from the Board	23-04-25	CI

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Company Profile

Awale Resources Limited is a Canada-based mineral exploration company focused on the discovery of high-grade gold and copper-gold deposits. It undertakes exploration activities in the underexplored parts of Cote d'Ivoire. The Odienne project lies in the northwest Denguele Region of Cote dâIvoire, close to the borders of Mali and Guinea. The project covers approximately 1600 square kilometers (km2) in four permits: the granted Odenne East permit, and three permits under application. The Granted Odienne East Permit consists of multiple Iron Oxide Copper Gold (IOCG) copper-gold (Cu-Au) targets and gold (Au) targets, which include the high-grade gold Empire discovery situated along the 20 kilometers long Empire gold Corridor in the south. The Bondoukou Project is located in the northeast of Cote dâIvoire and is accessed via sealed roads from Abidjan to the city of Bondoukou. The project consists of three granted permits covering 1191.5 km2 along with three applications covering 1182.9 km2.

Sector

Gold

Calendar

2024-04-30 - Q4 2023 Earnings Release (Projected)

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Sector Gold Mining

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