Driving the positive re-rating has been continued gold exploration success at its interests in Mali.
This has been primarily from results at the Seko prospect within the company's Dandoko project, which has been confirmed as a significant new gold discovery.
Oklo has been well-supported by international institutional and sophisticated investors, which recently helped the company raise $8.7 million.
Additional funds are expected from the exercise of in-the-money options during June, raising an additional circa $3 million.
Next exploration steps
Previously announced significant intersections include: 15 metres at 3.02g/t gold, 18 metres at 2.01g/t gold, 54 metres at 1.37g/t gold and 24 metres at 2.02g/t gold.
A follow-up 10,000 metre drilling program has now commenced and will consist of a combination of air-core, diamond and reverse circulation drilling.
The air-core will be the predominant drill method employed due to its cost effectiveness in the deep weathering profile.
The program will be completed on nominal 120 metre spaced lines along the interpreted strike extents of the auger-defined gold trends.
Deeper reverse circulation drilling is planned to follow the air-core program to further evaluate the gold mineralisation in fresh rock.