viewOklo Resources Ltd

Oklo Resources: World's largest asset manager boosts position

BlackRock Group has increased its position in the company to 14.89%.

Drilling at Seko is underway

Oklo Resources (ASX:OKU) has received more support from globally renoewed BlackRock Group, which has increased its position in the company to 14.89% from 10.33%.

The nature of change was from the participation in a placement.

BlackRock Group is the world's largest asset manager.

Oklo has commenced a new drilling program at the Seko prospect within the company's Dandoko project, which has been confirmed as a significant new gold discovery.

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.

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.

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