Oklo Resources (ASX:OKU) has received an initial substantial holder notice from billion-dollar capped Resolute Mining (ASX:RSG).
Resolute now holds circa 12.1 million shares in Oklo, for a 5.01% stake.
Oklo shares have continued to rally recently as the potential continues to grow for a significant gold discovery at Seko, within the company's Dandoko Project, in western Mali.
Oklo's interests are in elephant country, considering its Dandoko and Moussala projects are located within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.