# Awal&\#xE9; Files NI 43-101 Technical Report for the Odienn&\#xE9; Project Mineral Resource Estimate

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res--327c3550-8ae8-4102-a96c-ea5b8d9bbf8d

Original source: https://money.tmx.com/en/quote/ARIC/news/8370831624881156/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res

Publisher: tmx

Original announcement: 2026-07-03T21:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Awalé Resources Limited

- Ticker: ARIC

- Exchange: TSX

- Region: Côte d'Ivoire

- Primary commodity: Gold

- Secondary commodities: Copper

- Document categories: Resource update

- Extracted: 2026-08-24 22:32:48 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Awalé Resources has filed a NI 43-101 Technical Report for its Odienné Project in Côte d'Ivoire, supporting an initial maiden Mineral Resource Estimate. The project contains an inferred resource of 32.4 Mt at 1.64 g/t gold equivalent, totaling 1.71 million ounces of AuEq.

Reasoning: The announcement files a technical report for an initial maiden mineral resource estimate. While the scale is significant, the entire resource is in the Inferred category, representing high geological uncertainty.

- Positive factor: Large scale resource \(32.4 Mt\)

- Positive factor: Significant gold equivalent ounces \(1.7 Moz\)

- Positive factor: QA/QC disclosed with certified labs

- Positive factor: QP sign-off provided

- Negative factor: 100% Inferred category \(high geological risk\)

- Negative factor: Early stage project

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 8

## Classification and evidence

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The entire resource is classified as Inferred.

Evidence · table

> Inferred

**All Inferred**

Polarity: negative

Definition: 100% of resource is Inferred category — very early stage, no engineering confidence.

Why it applies: 100% of the reported resource is in the Inferred category.

Evidence · table

> Inferred

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The report supports the initial Mineral Resource Estimate.

Evidence · text

> supporting the initial Mineral Resource Estimate

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Andrew Chubb, the Company's Qualified Person, has reviewed and approved the release.

Evidence · text

> reviewed and approved for release by Andrew Chubb, the Company's Qualified Person

**QA/QC Disclosed**

Polarity: positive

Story-specific tag

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The report details an ongoing QAQC program including blanks, duplicates, and standards.

Evidence · text

> An ongoing QAQC program, incorporating blanks, duplicates, and certified reference material

## Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

## Resource Estimates (8)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res--327c3550-8ae8-4102-a96c-ea5b8d9bbf8d#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: ARIC

#### Resource Data

- Category: inferred
- Tonnes: 21500000
- Grade: 1.03
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-03T00:00:00.000Z

Reasoning: Inferred gold grade for BBM open pit.

- Negative factor: Inferred category

Evidence · table

> 1.03

Context: 21.5

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res--327c3550-8ae8-4102-a96c-ea5b8d9bbf8d#fact-resource-facts-1)

copper

#### Identity

- Commodity: copper
- Ticker: ARIC

#### Resource Data

- Category: inferred
- Tonnes: 21500000
- Grade: 0.32
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-03T00:00:00.000Z

Reasoning: Inferred copper grade for BBM open pit.

- Negative factor: Inferred category

Evidence · table

> 0.32

Context: 21.5

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res--327c3550-8ae8-4102-a96c-ea5b8d9bbf8d#fact-resource-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: ARIC

#### Resource Data

- Category: inferred
- Tonnes: 6300000
- Grade: 1.6
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-03T00:00:00.000Z

Reasoning: Inferred gold grade for BBM underground.

- Negative factor: Inferred category

Evidence · table

> 1.60

Context: 6.3

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res--327c3550-8ae8-4102-a96c-ea5b8d9bbf8d#fact-resource-facts-3)

copper

#### Identity

- Commodity: copper
- Ticker: ARIC

#### Resource Data

- Category: inferred
- Tonnes: 6300000
- Grade: 0.39
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-03T00:00:00.000Z

Reasoning: Inferred copper grade for BBM underground.

- Negative factor: Inferred category

Evidence · table

> 0.39

Context: 6.3

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res--327c3550-8ae8-4102-a96c-ea5b8d9bbf8d#fact-resource-facts-4)

gold

#### Identity

- Commodity: gold
- Ticker: ARIC

#### Resource Data

- Category: inferred
- Tonnes: 1600000
- Grade: 4.62
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-03T00:00:00.000Z

Reasoning: High grade inferred gold for Charger underground.

- Positive factor: High grade

- Negative factor: Inferred category

Evidence · table

> 4.62

Context: 1.6

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res--327c3550-8ae8-4102-a96c-ea5b8d9bbf8d#fact-resource-facts-5)

copper

#### Identity

- Commodity: copper
- Ticker: ARIC

#### Resource Data

- Category: inferred
- Tonnes: 1600000
- Grade: 0.02
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-03T00:00:00.000Z

Reasoning: Low grade copper for Charger underground.

- Negative factor: Inferred category

Evidence · table

> 0.02

Context: 1.6

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res--327c3550-8ae8-4102-a96c-ea5b8d9bbf8d#fact-resource-facts-6)

gold

#### Identity

- Commodity: gold
- Ticker: ARIC

#### Resource Data

- Category: inferred
- Tonnes: 3000000
- Grade: 1.23
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-03T00:00:00.000Z

Reasoning: Inferred gold grade for Empire open pit.

- Negative factor: Inferred category

Evidence · table

> 1.23

Context: 3.0

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/awal-xe9-files-ni-43-101-technical-report-for-the-odienn-xe9-project-mineral-res--327c3550-8ae8-4102-a96c-ea5b8d9bbf8d#fact-resource-facts-7)

gold

#### Identity

- Commodity: gold
- Ticker: ARIC

#### Resource Data

- Category: inferred
- Tonnes: 32400000
- Grade: 1.33
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-03T00:00:00.000Z

Reasoning: Global total inferred gold resource.

- Negative factor: All Inferred

Evidence · table

> 1.33

Context: 32.4

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.