Awalé Strategic Investment

An 11.8% strategic shareholding in Awalé Resources, an emerging gold company in Côte d’Ivoire.

In July 2026, PDI announced a US$10 million strategic investment in West African-focused exploration company Awalé Resources Limited (TSXV:ARIC) (“Awalé”) for a strategic shareholding of approximately 11.8% of Awalé.

Awalé is focused on discovering large-scale gold and gold-copper deposits in north-western Côte d’Ivoire.

Awalé’s flagship Odienné Project comprises a large and strategic 2,346km² landholding across seven exploration permits and applications, including 797km² held in a joint venture with a subsidiary of Newmont Corporation (currently 61%, earning 75%), which is sole-funded by Newmont and managed by Awalé (“Awalé-Newmont JV”).

The Awalé-Newmont JV hosts an initial Inferred Mineral Resource estimate of 32.4Mt at 1.64g/t AuEq. for 1.71Moz AuEq. across the BBM, Charger and Empire deposits at Odienné. Drilling is ongoing with the aim to expand and upgrade the current Mineral Resource and test additional targets within the broader joint venture tenure. Initial technical, economic, environmental and social studies for Odienné have also commenced.

Awalé’s 100%-owned exploration permits and applications across the broader Odienné district host multiple untested and early-stage targets, providing district-scale growth potential.