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Awalé Resources is Building a New Gold and Copper District in West Africa

CEO.CA Sep 29, 2026 5:47

Summary

PDI Gold's investment funds Awalé's new 71,500-metre Côte d'Ivoire drill program without an equity raise, keeping the treasury healthy.

BBM Charger and Empire have moved from targets to deposits inside Awalé's mineral resource estimate, with Fremen a separate discovery.

About 127 holes of lab results should flow through year-end, including BBM Charger extension drilling and infill work for feasibility.

Awalé says lab backlogs and scarce drill rigs in Côte d'Ivoire decide when assay-backed news reaches investors.

Feasibility work, starting with trade-off studies, is pushed into late this year or early 2027.

Key points on Fortuna Mining

  • The host lists Fortuna Mining as an Awalé shareholder alongside the new investor PDI Gold, and the guest says Fortuna's interest centres on the project's early-stage resources.
  • The guest frames Fortuna and PDI Gold as interested in the same early-stage resource potential and says Awalé will keep pushing exploration across its 100%-owned ground.

Matthew Wilcox's takeaways

  • Top takeaway The host describes PDI Gold's CEO Matt Wilcox as a proven mine builder in West Africa, and that track record is the stated reason the guest says PDI Gold matters as a new investor in Awalé.

Mr. Andrew Chubb's takeaways

  • Top takeaway The guest's headline argument is that Awalé does not need to raise money after the PDI Gold investment, so the Beaver Creek appearance is about telling the company story rather than funding it.
  • He describes a parallel-work strategy — geochemistry to build targets, rigs turning on the most advanced targets at the same time, and constant rating and ranking of targets — aimed at finding another fully owned discovery.
  • He argues the discovery record belongs to his own team, saying Awalé was first to drill in the Odienné area and made those finds with its own people, which he wants to extend across the 100%-owned ground.
  • He attributes the delayed assay results to a crowded market rather than company priorities, saying labs are inundated and rigs are hard to get in a busy Côte d'Ivoire, and expects results to start arriving now.
  • He guides to a first economic study in late 2026 or early 2027, once trade-off studies and the freshly published metallurgy are in hand.