Awale Resources Limited (TSE:ARIC) has released an update.
Awalé Resources Limited heralds Newmont’s advancement to Phase 2 of the Earn-In on the Odienné Joint Venture Project, indicating strong potential and success from previous exploration phases. Newmont’s commitment may increase its stake to 65% by investing $10 million and defining a 2 million ounce gold resource, while Awalé remains buoyed by a recent $11.5 million CAD equity financing. The Company has already made four significant discoveries in the Côte d’Ivoire project, demonstrating high-grade gold mineralization and fostering optimism for future exploration.
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