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Awale Resources Ltd V.ARIC

Alternate Symbol(s):  AWLRF

Awale Resources Limited is a Canada-based mineral exploration company focused on discovering high-grade gold and copper-gold deposits. The Company undertakes exploration activities in the underexplored parts of Cote d'Ivoire. The Company’s portfolio includes the Odienne Project in north-west Cote d’Ivoire. Odienne Project lies in the northwest Denguele Region of Cote d’Ivoire, close to the borders of Mali and Guinea. The project covers approximately 2,462 square kilometers (km2) in seven permits - the granted Odienne East and Sienso permits, and five permits under application. Its mineralization targets include the Sceptre, Charger, Lando, and BBM Prospects. Sceptre is a 5-km-long high-tenor copper-gold (Cu-Au) Iron Oxide Copper Gold (IOCG) geochemical target which has broad copper-gold, molybdenum, and silver intercepts. The Empire Gold Discovery is a high-grade gold target located on the 20 km long Empire structural corridor.


TSXV:ARIC - Post by User

Comment by abc123manon Mar 28, 2024 1:24pm
183 Views
Post# 35958458

RE:RE:RE:Newmont

RE:RE:RE:Newmont

5ocean has it right, Newmont has the ability to gain 75% ownership of the property and they already have about 15% stocks of ARIC. That being said, that one hole has a gross USD insitu value of approx 400M. Even if Newmont takes 75% ownership, they are still net insitu value of 100M, thats 50M more then their market cap. PS: I Based my rough numbers on 25pieR2 x 32 x 1.2 (approx oz/t) x 2200. This company can easiliy become the next important royalty company with that alone.

That doesn't include future drill results. Which imho, look very promising. 

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