Target(US:TGT) Newsfile·2025-10-29 11:00Core Insights - Awalé Resources Limited has reported positive assay results from Reverse Circulation drilling at the Fremen target, part of the Odienné Project in Côte d'Ivoire, confirming mineralization over an extended area [2][3][4] Drilling Results - The second phase of drilling confirmed mineralization within a 5-kilometre extension to the initial 4-kilometre-long zone, with mineralization intercepted in 4 of 5 drill fences [3][7] - Shallow drilling has confirmed near-surface mineralization over 8 kilometres of strike, with follow-up diamond drilling scheduled to begin in November [4][8] - Significant shallow drill intersections include 7m at 0.6 g/t Au from 97m downhole and 14m at 0.4 g/t Au from 6m downhole [7][8] Financial Position - The company has a treasury of C$15 million, which positions it well to advance the Fremen target and develop a pipeline of drill-ready targets across its 100%-owned properties covering approximately 1,550 km² [5][6] Future Plans - A 100,000m drill program is on schedule to commence after the rainy season in October 2025, with plans for up to 5 rigs on site and near-continuous drilling throughout 2026 [6][8] - The company anticipates publishing assay results from earlier drilling at the Charger target in the near term [6] Exploration Context - The Odienné Project covers 2,346 km² and is underexplored, with multiple pipeline prospects showing potential for large high-grade gold and copper-gold deposits [10][12] - Awalé has discovered four mineralized systems within the joint venture with Newmont and is actively exploring its 100%-owned properties [11][12]