viewOklo Resources Ltd

Oklo Resources welcomes BlackRock Group as major shareholder

A recent placement has secured $8.7 million for Oklo.

The exercise of in-the-money options is expected to raise another $3 million

Oklo Resources (ASX:OKU) has a new substantial shareholder as BlackRock Group has taken a 10.33% initial stake in the Mali gold company.

BlackRock is the world's largest asset manager and purchased the majority of its 24.9 million shares at $0.24.

Oklo recently received commitments to raise $8.7 million in a share placement.

Proceeds will primarily be used to accelerate exploration activities over the company’s Mali Gold Projects.

The company's Dandoko and Moussala projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

Results from the upcoming drilling programs are expected at the Seko discovery within the Dandoko project.

Quick facts: Oklo Resources Ltd

Price: 0.295 AUD

Market: ASX
Market Cap: $139.33 m

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Oklo Resources has 'pipeline of projects' and 'soon to have 7 drill rigs going'

Oklo Resources Ltd (ASX:OKU) managing director and chief executive Simon Taylor tells Proactive Investors that the Mali-focused gold explorer and developer will have 7 rigs spinning on two of its projects by next week. Plenty of news flow is expected in the short term on the Dandoko...

on 12/3/19

2 min read