Chalice is well-funded with over $40 million in cash at the end of the December quarter, and also holds 18.2 million shares held in First Mining Finance
Corp (TSX-V: FF).
Oklo has eight gold projects covering 1,389 square kilometres in Mali.
The Dandoko and Moussala projects are located only 15 kilometres from each other within the prolific Kenieba Inlier of western Mali.
The area hosts multi-million ounce deposits.