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Awal\u00e9 Resources (TSX:ARIC) has a major foothold in the promising gold province of Cote d\u2019lvoire (Ivory Coast) in West Africa, close to the borders of Guinea and Mali. Awal\u00e9\u2019s Odienn\u00e9 Project spans over 2,462 sq. km in area with seven permits and is located in a region that boasts over 300 million ounces (Moz) of gold deposits. <\/p>\n
Cote d\u2019lvoire has earned a reputation as an attractive investment destination for mining due to its stable regulatory framework excellent infrastructure comprising road networks, ports, airports and electricity networks. <\/p>\n<\/div>\n
The Odienn\u00e9 Project has similar geological characteristics to the Carajas Mineral Province and other IOCG provinces that are major suppliers of gold and copper. Three major discoveries Empire, Charger and Sceptre East were made and in January 2024, the company announced a new discovery in BBM and encouraging results for the Lando target.<\/p>\n
Newmont holds a joint venture agreement on two of the seven permits at the Odienn\u00e9 project and is funding 100 percent of the exploration on the JV permits. Newmont has the option to earn up to a 75 percent interest in the Odienn\u00e9 Project by funding US$15 million in exploration expenditures.<\/p>\n<\/div>\n
Awal\u00e9 Resources is a mineral exploration company focused on discovering gold and copper-gold deposits in C\u00f4te d\u2019Ivoire (Ivory Coast).The company\u2019s flagship Odienn\u00e9 project is located in the northwest Dengu\u00e8l\u00e9 Region of C\u00f4te d\u2019Ivoire in West Africa.The project spans over 2,462 sq. km in area with seven permits and is located in a region that boasts over 300 million ounces (Moz) of gold deposits. The geological setting of the Odienn\u00e9 district is comparable to that of other significant iron oxide copper gold (IOCG) provinces globally, increasing the chances of the Odienn\u00e9 Project becoming the first major IOCG deposit in West Africa.The project has made three significant discoveries in 2023 \u2013 Empire, Charger and Sceptre East. Moreover, in January 2024, the company announced a new discovery in BBM and encouraging results for the Lando target.A key positive for the company is its relationship with Newmont, the world\u2019s leading gold mining company. Newmont increased its stake to around 15.48 percent (previously 5.94 percent) in the company and holds a joint venture agreement on two of the seven permits at Odienn\u00e9 Project.Awal\u00e9 underwent a major overhaul in May 2023, including the appointment of a new CEO and new board. Under the new management led by CEO Andrew Chubb, the company has achieved significant milestones including four new discoveries. The management team is well positioned to steer the company along its growth journey.<\/p>\n<\/div>\n
This Awal\u00e9 Resources profile is part of a paid investor education campaign<\/em>.*<\/p>\n Click here to connect with Awal\u00e9 Resources (TSX:ARIC) to receive an Investor Presentation<\/p>\n<\/div>\n Awal\u00e9 Resources (TSX:ARIC) has a major foothold in the promising gold province of Cote d\u2019lvoire (Ivory Coast) in West Africa, close to the borders of Guinea and Mali. Awal\u00e9\u2019s Odienn\u00e9 Project spans over 2,462 sq. km in area with seven permits and is located in a region that boasts over 300 million ounces (Moz) of […]<\/p>\n","protected":false},"author":0,"featured_media":853,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=852"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/853"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}