Awalé is an exploration company focused on the discovery of large high-grade gold and copper-gold deposits. The Company currently undertakes exploration activities in the underexplored parts of Côte d'Ivoire- and is Awalé is in the process of completing the acquisition of Colossal Gold Resources, a private company in the underexplored regions of Suriname.
Awalé's success to date at the Odienné Project in the Northwest of Côte d'Ivoire has culminated in a fully funded earn-in Joint Venture with Newmont (the "Newmont JV") covering the Odienné Project where two primary targets for world-class discoveries have been made: i) the gold-rich Empire corridor and ii) the recently defined Charger, Sceptre and now Lando Iron Oxide Copper Gold ("IOCG") targets. Parts of the remaining 200km2 of granted tenure and 400km2 under application remains underexplored and offers significant IOCG potential.
The Newmont JV forms the solid foundation for Awalé to continue looking at new opportunities in Côte d'Ivoire and in new jurisdictions which offer significant potential for district scale discoveries. Awalé is currently in the process of completing the acquisition of Colossal Gold Resources, with a highly prospective gold exploration portfolio in Suriname. This provides an excellent strategic fit and adds future growth potential for Awalé as the Company explores the major greenstone belts of Côte d'Ivoire, West Africa and Suriname, South America.
Awalé Resources is led by a small, yet highly experienced team of mining industry professionals with a proven track record of gold discovery and value delivery. The management of Awalé represents a blend of technical and financial management skills with proven project delivery. Most of the team are derived from Mariana Resources Limited which was successfully acquired by Sandstrom Gold Limited on 3rd July 2017 which had a specific focus on the high grade Gold-Copper Hot Maden Project, north east Turkey .