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oklo resources ltd (OKU) Details

Oklo Resources Limited engages in the acquisition, exploration, and development of mineral properties. The company holds interests in 8 gold projects covering an area of 1,389 square kilometers located in the Republic of Mali, Africa. Its flagship property is the Dandoko Project, which covers an area of 134 square kilometers within the Kenieba Inlier of west Mali. The company also explores for uranium and phosphate properties. Oklo Resources Limited is based in Sydney, Australia.

oklo resources ltd (OKU) Top Compensated Officers

MD, CEO & Director
Total Annual Compensation: A$311.9K
General Manager of Exploration
Total Annual Compensation: A$287.1K
Country Manager & Executive Director
Total Annual Compensation: A$229.0K
Compensation as of Fiscal Year 2018.
oklo resources ltd
Oklo Resources Limited Exercises Its Option to Acquire a 65% Interest in the Sari Project

Oklo Resources Limited announce that the company has exercised its option to acquire a 65% interest in the Sari Project. The Company continues to hold the option to acquire the remaining 35% in June 2020. The acquisition of the Sari Project is central to the Company's broader strategy to acquire a significant landholding within the Birimian gold belt in western Mali. The Company currently holds 500km2 of highly prospective ground in this emerging world-class gold region. The Sari Project is located less than one kilometre east of the Company's Dandoko Project in western Mali. Together with Kossaya and Kouroufing, the Sari Project forms part of a contiguous land holding of 175km2. The Sari Project covers an area of 14km2 within the Kenieba Inlier to the east of the regionally significant Senegal Mali Shear Zone ("SMSZ"). The SMSZ and associated northeast-trending splay structures are spatially related to several major gold projects including: Fekola (7.1Moz), Loulo (12.5Moz), Gounkoto (5.4Moz), Yatela (3Moz), Sadiola (15Moz) and Sabodala (10Moz). Oklo has acquired 65% of the Sari Project ("the Permit") under its agreement with Ecosud Sarl ("Ecosud"). Oklo has the option to increase its ownership to 100% on the following terms: On the second anniversary of the Agreement (June 2020), Oklo can earn the remaining 35% interest in the Permit for a further payment of 10,000,000 FCFA (approx. 15,000) or the equivalent in Oklo shares at the election of Ecosud. The number of Oklo shares to be issued shall be determined by the VWAP (volume weighted average price) of Oklo shares on the Australian Securities Exchange over the 20 trading days preceding the Issue Date, at which time Ecosud will transfer a 35% interest in the Permit to Oklo. If Oklo elects to apply for an Exploitation Licence (Mining Licence) in relation to any part of the area covered by the Permit, Oklo shall grant Ecosud a 5% equity interest in the Licence and a 1% NSR (`Net Smelter Return') royalty. Ecosud shall grant to Oklo the right to acquire Ecosud's 5% ownership interest for a fixed price of USD 1,000,000 payable in cash and the right to acquire Ecosud's 1% NSR for a fixed price of USD 1,000,000.

Oklo Resources Limited Announces Second Bedrock Discovery Confirmed At Kouroufing

Oklo Resources Limited announce further encouraging assay results from its Kouroufing Project, located 20km southeast of the Company's flagship Dandoko Project in west Mali. This announcement summarises assay results received from first pass aircore (AC) drilling over the Kome auger anomaly and initial reverse circulation (RC) and diamond (DD) drilling at Kouroufing Central (previously referred to as Kouroufing North and South) (Figure 2). Results are also reported from shallow auger drilling over portions of the Kossaya and Sari Projects located to the immediate north of the Kouroufing Project. The results form part of the Company's ongoing 2019 drilling campaign, with significant progress already made at the Kouroufing and Dandoko Projects. Oklo's Dandoko, Kouroufing, Kandiole, Kossaya, Moussala and Sari Projects are located in west Mali, 30km to the east of B2Gold's 7.1Moz Fekola mine and 50km to the south-southeast of Barrick's 12.5Moz Loulo mine. The Company currently holds 500km2 of highly prospective ground in this world-class gold region.

Oklo Resources Limited Announces Final Auger Results from its Kouroufing Project

Oklo Resources Limited announced final auger results from its Kouroufing Project, located 20km southeast of the Company's Dandoko Project in western Mali. A program of reconnaissance shallow geochemical auger drilling was recently completed over the southern and northern extensions of the previously reported 6km-long auger gold corridor at Kouroufing. This announcement summarises assay results received from 1,588 shallow auger holes. The auger drilling forms part of the Company's current 2019 exploration program, with significant progress already made at both the Kouroufing and Dandoko Projects. Oklo's Dandoko, Moussala, Kouroufing, Kandiole, Kossaya and Sari Projects are located in western Mali, 30km to the east of B2Gold's 7.1Moz Fekola mine and 50km to the south-southeast of Barrick's 12.5Moz Loulo mine. The Company currently holds 500km2 of highly prospective ground in this world-class gold region. The Kouroufing Project covers an area of 90.70km2 within the Kenieba Inlier to the east of the regionally significant Senegal Mali Shear Zone ("SMSZ") over a tract of largely underexplored Proterozoic Birimian greenstones with identified northeast-trending structures in a comparable setting to the 12km-long, northeast-trending gold corridor outlined by auger geochemistry at the Company's Dandoko Project. Latest assay results received from 1,588 shallow geochemical auger holes at the Kouroufing Project reveal further potential gold-bearing structures in favourable northeast and northwest orientations to the immediate south of the previously identified 6km-long gold corridor. Several new, robust gold anomalies of over 4km in length outlined, including numerous +0.5g/t gold results. Best composite intersections included 11m at 1.09g/t gold from 7m, 6m at 6.97g/t gold from 7m, 4m at 3.59g/t gold from surface, 6m at 1.12g/t gold from surface and 4m at 1.09g/t gold from 12m. Results enhance potential for further bedrock gold discoveries at Kouroufing, with multiple anomalies earmarkedfor deeper aircore (AC) drilling. Oklo's $5 million 2019 exploration program is continuing: KOUROUFING PROJECT - further assay results pending from AC, reverse circulation (RC) and diamond core (DD) drilling. DANDOKO PROJECT - 2,844m of planned 16,000m drilling program now completed with drilling ongoing.

 

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