Consideration is $200,000 in cash or shares at the election of the vendor, and the issue of Oklo shares to the value of $800,000 at an issue price of 37.9 cents.
Close to multi-million ounce projects
Kandiole is a single granted permit of 116 square kilometres in an area within the Kenieba Inlier to the immediate east of the regionally significant Senegal Mali Shear Zone.
This zone and associated northeast trending splay structures are spatially related to several major gold projects.
These include B2Gold’s 5.2 million-ounce Fekola project, as well as Loulo (12.5 million ounces), Sadiola (15 million ounces) and Sabodala (10 million ounces).
Kandiole covers a largely unexplored tract of highly prospective Proterozoic Birimian greenstones.
Oklo has identified northeast trending structures within the area similar to those outlined within the company’s nearby Dandoko project.
These are associated with the 12-kilometre long, northeast trending gold corridor recently outlined by auger geochemistry.
Work is able to commence on the project immediately.