Announcement • 21h
Awalé Resources Limited Reports Initial Deeper Drilling Results At Bbm Gold-Copper Deposit Awalé Resources Limited reported the first assay results from deeper drilling at the BBM gold-copper deposit at the Odienné Project in Côte d'Ivoire. The results confirm that BBM's high-grade core continues below the current open pit Mineral Resource and point to an emerging underground component of the deposit. The two holes reported are the first of a twelve-hole program drilled below and beyond the open pit Mineral Resource. The program follows BBM's high-grade core, which is interpreted to have a steeper plunge, to an initial vertical depth of 600 metres below surface. Assays for the remaining ten holes are pending. The first two holes drilled below the BBM open pit intersected strong gold mineralization, confirming the deposit continues at depth. Results include: 7m @ 7.21 g/t gold equivalent from 385m downhole, including 1m @ 43.68 g/t gold equivalent, the highest grade drilled to date at BBM (BBDD-31); 46m @ 2.35 g/t gold equivalent from 364m downhole, including 17m @ 3.41 g/t gold equivalent (BBDD-30). Both intersected the mineralized structure where predicted, supporting the interpreted steeper plunge of the high-grade core and the emerging underground potential of the BBM system. The program will also test parallel zones that could contribute to future underground Mineral Resource growth. Further step-out drilling to the northwest (NW) will test for a second plunging shoot, following up on hole BBDD-20, which returned 3.3 g/t AuEq. over 38 metres from 447 metres downhole, including 6.4 g/t AuEq. over 6 metres. Subsequent deeper drilling is planned to extend the underground target to 800 metres below surface. Table 1: Significant Intercepts from Diamond Drilling - (from this release) Hole ID From (m) To (m) Length (m) Au (g/t) Cu (%) Ag (g/t) Mo (ppm) AuEq. (g/t) Composite Trigger (Au g/t) BBDD0030 356.00 357.00 1.00 0.56 0.03 0.28 114 0.61 0.50 364.00 410.00 46.00 1.93 0.39 1.78 444 2.35 0.50 including 371.00 409.00 38.00 2.24 0.46 2.09 529 2.74 1.00 and 371.00 388.00 17.00 2.93 0.45 2.01 791 3.41 1.00 and 374.00 376.00 2.00 6.23 0.48 1.31 651 6.74 5.00 and 392.00 393.00 1.00 3.59 1.05 4.08 361 4.71 2.00 and 399.00 407.00 8.00 2.17 0.50 2.46 410 2.70 2.00 BBDD0031 265.00 266.00 1.00 2.43 0.34 2.04 22 0.80 0.50 351.00 355.00 3.00 0.73 0.19 1.60 40 0.94 0.50 385.00 392.00 7.00 7.04 0.16 0.88 94 7.21 0.50 including 388.00 389.00 1.00 43.48 0.19 1.84 106 43.68 5.00 401.00 437.00 36.00 1.51 0.47 2.14 391 2.01 0.50 including 427.00 437.00 10.00 2.46 0.50 3.25 374 2.99 2.00 496.00 497.96 1.96 0.53 0.01 0.84 12 0.55 0.50. Analytical work for drill samples is being carried out at the independent Intertek Laboratories in Ghana and Australia, an ISO 17025 Certified Laboratory. Samples are prepared and stored at the Company's field camps and put into sealed bags until collected by Intertek from the Company's secure Odienné office and transported by Intertek to their preparation laboratory in Yamoussoukro, Côte d'Ivoire, for preparation. Samples are logged in the tracking system, weighed, dried, and pulverized to greater than 85%, passing a 75-micron screen. Two pulps are prepared from each sample with one stream to Intertek Ghana for fire assay and a second to Australia where the sample is analyzed by 52 element ICP/MS with a 4-Acid digest. Blanks, duplicates, and certified reference material (standards) are being used to monitor laboratory performance during the analysis. Where visible gold is observed in drill core, a quartz wash is applied between every sample to reduce or eliminate any contamination. Once fire assay results are received, samples over 5 g/t gold are routinely screen fire assayed, samples lower than 5 g/t gold continued within a high-grade interval are also screen fire assayed. Significant intervals reported in this news release are calculated as downhole length-weighted intercepts. For the BBM target, initial mineralized zones are calculated at a 0.5 g/t Au trigger and include up to 3 metres of internal waste for delineating mineralized zones. Included intervals are calculated at 1 g/t Au, 2 g/t Au, 5 g/t Au, and 10 g/t Au trigger values, with up to 3 metres of internal waste. Table 2 contains a list of all BBM holes reported in this release. True widths are estimated to be 70% of the downhole widths. Holes not reported do not make a 0.5 g/t Au grade trigger. Gold equivalent has been calculated using the same assumptions as the Mineral Resource Estimate (MRE), including a gold price of USD 3,000/oz, a copper price of USD 4.34/lb, gold recovery of 86%, and copper recovery of 93%, based on the average results of ongoing metallurgical testwork. Gold equivalent equation: AuEq. g/t = (1 x Au) + (1.065793 x Cu%). Announcement • Jul 15
Awalé Resources Limited announced that it expects to receive CAD 14.145999 million in funding from Predictive Discovery Limited Awalé Resources Limited has announced a non-brokered private placement to issue 16,642,352 common shares at an issue price of CAD 0.85 per share for gross proceeds of CAD 14,145,999.2 on July 14, 2026. The transaction includes investor participation Predictive Discovery Limited. The Shares will be subject to a hold period of four months plus a day following the Closing Date in accordance with applicable Canadian securities laws and the policies of the TSXV. The Company has agreed to pay a cash commission of approximately 3.0% of the gross proceeds of the Offering from PDI, subject to the approval of the TSXV. Closing of the Offering is expected to occur on, or about, late July 2026 subject to the satisfaction of certain closing conditions by the parties, including receipt of TSXV final approval and all other necessary regulatory approvals, and the execution of an investor rights agreement between PDI and the Company. Announcement • Jul 07
Awalé Resources Limited, Annual General Meeting, Sep 18, 2026 Awalé Resources Limited, Annual General Meeting, Sep 18, 2026. Location: ontario, toronto Canada 
