View
3
Download
0
Category
Preview:
Citation preview
AWALE RESOURCES– POISED FOR MUTIPLE GOLD DISTRICT SCALE DISCOVERIES IN CÔTE D’IVOIRETSXV-ARIC May 2020
Chief Executive Officer - Glen ParsonsChief Operating Officer - Andrew ChubbInvestor Relations - Karen Davies
AWALE RESOURCES– FIRST GOLD DISCOVERY at the ODIENNE –EMPIRE PROSPECT
Disclaimer & Forward Looking Statements
The content of this promotion has not been approved by an authorised person within the
meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the
purposes of engaging in any investment activity may expose an individual to a significant risk
of losing all of the property or other assets invested.
This presentation (“Presentation”) relating to Awalé Resources Limited (the “Company”) doesnot constitute or form part of, and should not be construed as an offer or invitation to sell or
issue or any solicitation of any offer to purchase or subscribe for any securities in the
Company in any jurisdiction. Neither the Presentation, nor any part of it nor anything
contained or referred to in it, nor the fact of its distribution, should form the basis of or be
relied on in any connection with or act as an inducement in relation to a decision to purchase
or subscribe for or enter into any contract or make and other commitment whatsoever in
relation to any such securities. In particular, details included in this Presentation are subject to
updating, revision, further verification and amendment and refer to events as having occurred
which have not occurred at the date of this Presentation but which are expected to happen in
the future. Any decision to purchase or subscribe for securities in the Company should be
taken on the basis of information to be contained in the admission document to be issued in
due course. This presentation does not constitute a recommendation regarding the securities
of the Company.
The contents of this Presentation are confidential and may not be copied, distributed,
published or reproduced in whole or in part, or disclosed or distributed by recipients to any
other person. No reliance may be placed for any purpose whatsoever on the information or
opinions contained in the Presentation or on its completeness, accuracy or fairness. No
representation or warranty, express or implied, is made or given by or on behalf of the
Company or its directors, officers, employees, agents or advisers as to the accuracy,
completeness, or fairness of the information or opinions contained in the Presentation and no
responsibility or liability is accepted by any of them for any such information or opinions.
This presentation is exempt from the general restrictions in section 21 of the FinancialServices and Markets Act 2000 (“FSMA”) on the communication of invitations or inducements
to engage in investment activity on the ground that it is only being made to or directed at
persons who fall within the exemptions contained in article 19(1) (investment professionals) ofthe Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”)and persons who are otherwise permitted by law to receive it (together “relevant persons”).This document must not be acted on or relied on by persons who are not otherwise permittedby law to receive it (together “relevant persons”). This document must not be acted on or
relied on by persons who are not relevant persons. Any recipient of this Presentation who is
not a relevant person should return this Presentation to the Company immediately, not attend
the presentation and take no other action.
The information contained in this Presentation is not for publication or distribution to personsin the United States of America and it’s territories or possessions or to any US person (within
the meaning of Regulation S under the US securities Act of 1933, as amended). Neither this
Presentation nor any copy of it may taken or transmitted to Ireland or Japan or to any
securities analyst or other person in any of those jurisdictions. Any failure to comply with this
restriction may constitute a violation of United States, Irish or Japanese securities law. The
distribution of this Presentation in any other jurisdictions may be restricted by law and persons
into whose possession this Presentation come should inform themselves about, and observe
such restrictions.
By attending this presentation, you agree to be bound by the restrictions in this disclaimer.
3
Investment Summary
• Under explored Jurisdiction- 33% of West
Africa’s Birimian Geology with less than 10
percent of resources
• Large strategic gold anomalous land package
with district scale over 3 projects areas covering
2,307 km 2:
o Bondoukou 100% (1,192 km 2),
o Abengourou 100% (718 km 2).
o Odienné 90% (397 km 2)
• Maiden Drill program delivers first golddiscovery at the Empire Prospect- Odienné
• Rapid advancement of defined drill targets at
Bondoukou with material advancement in
geological and mineralisation understanding
• Successful Board and Management Team, with
proven record of value delivery for
shareholders
Odienné –Gold discovery (drilling Late June)• Extension drilling and plunge test• 3 new high order Auger geochemical targets
drill ready along 3km trend
Bondoukou – Multiple high order Gold anomalies for drill testing late Q3• Fako target- Awari Shear• Samanda Prospect – 2 * 3km gold in soil Geochem targets• Kodio Trend – 17.5km continuous gold in auger anomalies
4
Capital Structure, Shareholding and Team Summary
Board CEO - Glen Parsons ( Previous CEO Mariana Resources Limited)
Director - Eric Roth ( Previous COO Mariana Resources Limited)
Director - Ron Ho, Sandstorm Gold Limited
Director - Derk Hartman
Management TeamCEO - Glen ParsonsCOO - Andrew ChubbCFO - Sharon CooperIR- Karen DaviesCountry Manager Cote d’Ivoire - Karl AkuesonOperations Manager Cote d’Ivoire - Koffi GbameleExploration Manager Cote d’Ivoire – Andrew Smith
Shares in Issue 79,65M
Warrants in Issue (Per Insert) 5,847,222
Options- under plan per insert 2,330,000
Fully Diluted Shares in Issue 87.75M
Cash on Hand (March) C$0.9M
Market Capitalisation (@ 10 c/share) C$8 million
Management and Directors 26%
Sandstorm Gold Limited 16%
Capital DI Limited 12%
Detail of WarrantsExercise Price Number of Warrants Expiry
0.25 200,000 December 29, 2020
0.32 5,647,222 December 31, 2021
Total 5,847,222
Detail of OptionsExercise Price Number of Options Expiry
0.10 400,000 April 29, 2021
0.40 1,930,000 January 16, 2021
Total 2,330,000
5
Odienné Project – Empire Discovery
Empire Discovery
6
Odienné Project– Empire Discovery
50 Metres
HIGHLIGHTS• OEDD0001 - 18.15m at 4.9 g/t Au from 40 m downhole,
including 10.4 m at 7.9 g/t Au from 40m downhole
• OEDD0002 - 27 m at 3.1 g/t Au from 43.2 m downhole
including 9 m at 5.3 g/t Au from 43.2 m downhole.
• OEDD0009 - 2.65m at 15.4 g/t Au from 40m &,
o 16.74m at 1.9 g/t Au from 74.26m downhole
including 9.28m at 2.7g/t Au from 80.7m
&,
o 16m at 1.8 g/t Au from 98m downhole,
including 3m at 7.6 g/t Au from 111m
• OERC0021 - 32m at 0.9g/t Au from 32 m downhole,
including 2m at 4.8g/t Au from 53mo 34m at 1.9 g/t Au from 96m downhole,
including 18m at 3g/t Au from 97m and
2m at 15.5 g/t Au from 111m
o 29m at 1.2g/t Au from 134m downhole,
including 11m at 2.5g/t Au from 140m & 2m at 5.6g/t Au from 140m downhole
7
Odienné Project– Empire Discovery Cross Sections
• High Grade mineralisation with visible gold - robust mineralisation and continuity over central drill
zone
• Open in all directions
• Hosted in quartz extension veins within a brittle/ductile deformation zone of a diorite body that
has intruded a pre-existing WNW trending mylonite bearing structure.
• Empire is a ‘classic’ orogenic shear zone hosted gold target, which has potential to build to +1m
Oz rapidly
8
Odienné Project– Empire Discovery Next Steps - Discovery drilling - extension and plunge testing- Exploration Upside 3 New Targets from Gold in Auger – Structure Remains Open East and West
- Discovery drilling extension and plunge
- New Target exploration drilling
9
Odienné Project– Multielement ChemistryTellurium over Gridded Gold
Immobile Element Data
10
Bondoukou Project- On going Drill Target Generation
Regional Scale Interpretation from
Geophysics and surface mapping and
sampling on the Bondoukou Permits has
identified four (4) fertile fluid pathways,
generating a pipeline of potential sites
for gold mineralization.
Continue defining targets to drill ready
status for testing in H2 2020 on fertile
structures identified:
• Awari Shear 40km mineralised
• Kodio Trend- 17.5km near
continuous gold anomaly in Auger
• Samanda Trend – 12 km intrusive
contact with 2 3km Gold in soil
anomaly
11
Bondoukou Project – Bandoli Syncline/Awari Shear –New Gold Anomalies Identified
• ‘Awassi’ - Previously untested
northwest extension of the Awari Shear
• Drilled on a 640m line spacing • Anomalous zones are defined by
>13ppb gold anomalism with >50ppb cores and a maximum value of 569ppb
• ‘Samanda’ - Previously
untested NNE Structural Trend• Major Lith Contact b/w Mafic and
Intermediate Volcanics and Granite
• 2 x 3km trends identified in soils
• ‘Kodio’ - Previously untested
NNW Structural Trend• Major Lith Contact • Late Intrusions • 17km trend identified from broad
(640x50m Line) Auger
12
Bondoukou Project – The Awari Shear – Fako Trenching
Highlights of the program completed to date include:
BETR0003: 8m at 1.6 g/t Au from 4m and 17 meters at 2.6 g/t Au from 62 meters including 1m intervals at 10.5 g/t Aufrom 63m, 11.5 g/t Au from 65m and 1m at 4.8 g/t Au from 73m.
Selective sampling of a quartz vein within the last meter of the trench (79 to 80m) has delivered 14.7 g/t.
BETR0005: 21m at 1.96 grams/tonne gold (g/t Au) from 36m with included 1m intervals at 11.5 g/t, 5.5 g/t and 5.4 g/trespectively
Key Objective- Understanding the structural architecture of this shear zone which is key to identifying potential trap sitesfor the precipitation of economic gold. Current targets identified from in situ Au anomalism generated from the recentAuger drilling.
13
Bondoukou Project– Kodio Trend
Fractured and brecciated quartz vein with silica hematite infill , boxworks7.03 g/t Au
Silicified breccia. Rare sulphide. 9.85 g/t Au
• 17km long Trend
• Gold Bearing (rock chip
and stream
• 1st Pass Auger recently
completed 640x 50m
spacing – covers entire
17km
• Prominent NNW
trending structure with
left stepping jogs
• Greywacke and shales
intruded by late granites
14
Bondoukou Project – Samanda Target• Two new 3km long
gold targets along the
previously untested
Samanda Trend
• Greater than 10ppb
gold (“Au”) soil
anomalies with
>40ppb Au cores and
a peak value of 4,297
ppb Au.
15
Abengourou Project– Results and Planned works
Results from exploration:
Confirmation by Awalé of
large soil anomalies
Planned / Current Works
o Ongoing geological
mapping, pitting and
trenching.
o Following successful
geo-chemical results –
possible scout drilling
of high priority drill
targets.
Nianda Permit untested
along same geology and
structures as Amélékia
o Stream (Silt) sampling
at Nianda.
• Forms part of Awale’s
prioritisation pipeline
16
Summary of planned Exploration Program
ODIENNE• Trenching- Minimum 1 trench per target to confirm structural information • Geophysics—IP over extension auger anomaly (also IP if Aero Magnetic survey not possible)
• Drilling late June/July = Discovery Zone - Drill Infill/Plunge Testing—c.1500—2000m, New Auger
Targets 3000—3500m ( RC with some DD)
• Follow up Drilling Q3/4
• Regional—Ongoing mapping and geochemistry on new targets
BONDOUKOU • Kodio Auger infill—7000m in 1700 holes
• Trenching at Samanda — 8 trenches, Kodio—Trenches—dependent on number of targets
developed from infill auger drilling.
• Q3/4 - Scout drill minimum of 4 targets 5000m
Project Generation - West Africa - Core d'Ivoire
Target Generation (Regional Surveys - Aerial Surveys, Geochemistry, Geophysics)
Bondoukou
Odienné
Abengourou
New Opportunities
Target Testing (Drill Target Testing/Scout Drilling etc.)
Bondoukou -15 prospective targets
Odienné- 12 Prospective targets
Target Definition & Resource Drilling
Feasability Studies
Awalé’s Objectives on track- Minimum of 2 Discoveries with Multi Million Ounce Gold Potential
www.awaleresources.comThank You
Recommended