CÔ CÔTE D’IV TE D’IVOIRE - BREAKING GOLDEN GROUND OIRE - BREAKING GOLDEN GROUND Chief Executiv Chief Executive Officer - Glen e Officer - Glen Par Parsons sons Chief Oper Chief Operating Officer - Andr ating Officer - Andrew w June 2018 Chubb Chubb Inv Investor Relations - K estor Relations - Kar aren Davies en Davies
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Inv Investment Summary estment Summary Awalé Resour alé Resources Limited (“ ces Limited (“Awalé alé”) is a junior gold explor ”) is a junior gold exploration company ation company oper operating in w ating in west African Birimian Gr est African Birimian Greenstone belts. F eenstone belts. Focused on ne ocused on new w gold disco gold discoveries in the r eries in the relativ elatively under ely underexplor explored country of Côte d’Iv ed country of Côte d’Ivoir oire. e. The company’s adv The company’s advancing gr ancing greenfield explor eenfield exploration portf ation portfolio consists of 6 olio consists of 6 granted permits co gr anted permits covering c. 2,307km ering c. 2,307km 2 and 6 str and 6 strategic pipeline ategic pipeline applications . applications . The The Birimian Birimian of w of west Africa is no est Africa is now r w recognised as one the w ecognised as one the world’s orld’s pr premier gold pr emier gold provinces, and Côte d’Iv vinces, and Côte d’Ivoir oire co e cover ers 33% of this s 33% of this Birimian Birimian geology geology, but curr , but currently comprises less than 10% of these r ently comprises less than 10% of these resour esources. ces. 3
Inv Investment Summary estment Summary • Newly listed 29 December 2017, starting 2018 with good momentum • Successful Management Team and Board, with proven crystallised value delivery for shareholders • Large strategic gold anomalous land package with district scale over 3 projects areas : o Bondoukou 100% (1,192 km2), o Abengourou 100% (718 km2). o Odienné 90% (397 km2) • Completed Completed: 4743m of RC drilling at Bondoukou end of 2017 with encouraging results over multiple targets and prospects • Recently Commenced: Recently Commenced: 2000m diamond drill program over the Fako and Casino prospects along with a 16,000m Auger drill program covering the entire 40km Awari Shear which hosts Mineralisation at the Fako, Elisabeth and Bahilé prospects. • Ongoing: Ongoing: drill target development over large areas with systematic geochemical sampling and geophysics 4
Capital Structur Capital Structure, Shar e, Shareholding and T eholding and Team Summary eam Summary Board Boar d CEO - Glen Parsons ( Previous CEO Mariana Resources Shar Shares in Issue es in Issue 28,923,483 Limited) Director - Eric Roth ( Previous COO Mariana Resources Limited) Warrants in Issue (Strike C$0.40, 7,366,571 Director - Ron Ho, Sandstorm Gold Limited Director - Derk Hartman C$0.10, C$0.25) Options- under employee plan (3 years 2,330,000 Management T Management Team eam at C$0.40, C$0.10) CEO - Glen Parsons COO - Andrew Chubb Fully Diluted Shares in Issue 38,620,054 38,620,054 CFO - Sharon Cooper IR- Karen Davies Cash on Hand (End April 2018) Cash on Hand (End April 2018) C$1.85 million C$1.85 million Country Manager Cote d’Ivoire - Karl Akueson Exploration Manager Cote d’Ivoire - Koffi Gbamele Technical Advisory echnical Advisory Management and Director Management and Dir ectors s 24% 24% Eric Roth Proven Boar Pr en Board with a r d with a recent ecent Neil Adshead Sandstorm Gold Limited Sandstorm Gold Limited ecord 10.8% 10.8% successful tr successful track r ack recor 5
Bondouk Bondoukou - Pr ou - Project Highlights ject Highlights 12 anomalous Target areas Identified along 80kms • of mineralised trends, Initial 4 tested: Fak ako, Elisabeth – lar o, Elisabeth – large alter ge alteration system ation system • along the identified 38 km Awari Shear zone along the identified 38 km A ari Shear zone Casino, Casino, Ngouan Ngouan- High gr - High grade structur ade structurally ally • contr controlled quartz v olled quartz vein systems ein systems Initial Works Early systematic exploration highlights potential • for large and gold systems Rock chip sampling demonstrates high grade gold • potential, numer numerous ous samples > 10 g/t and up to samples > 10 g/t and up to 589 g/t 589 g/t Regional Magnetic survey and silt sampling • program reveal structural framework with coincident gold anomalism >80km of anomalous gold mineralised trends. • Awari Shear has early signs for well developed • large gold bearing system 9515m (2594 holes) of Auger Drilling over southern • 15km of the Awari Shear, maximum v , maximum values of 32.7 alues of 32.7 and 51.5 g/t at the and 51.5 g/t at the Fak ako Pr Prospect ospect 4743m of RC drilling completed end of 2017 with • 6 encouraging results over multiple targets
Bondoukou - Pr Bondouk ou - Project Highlights ject Highlights 7
Bondouk Bondoukou Pr ou Project – The ject – The Awari ari Shear – Lar Shear – Large Gold System ge Gold System Potential Potential Initial RC drill program confirmed large mineralised gold system trending along the Awari Shear • Auger drilling defines 15km gold trend within 38km long Awari Shear results up to 51.5g/t esults up to 51.5g/t • Numerous > 10 g/t rock chip samples from the Fako prospects (see next slide) • 8
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