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Oklo Resources in trading halt ahead of capital raising news

The company’s securities will remain in a trading halt until Friday, September 6, or when an announcement is made to market.

Oklo Resources Ltd - Oklo Resources in trading halt ahead of capital raising news
The company’s flagship is the Dandoko Gold Project in Mali, West Africa

Oklo Resources Ltd (ASX:OKU) has a capital raising announcement pending and has been granted a trading halt by the ASX.

The trading halt will remain in place until the beginning of trade on Friday, September 6, or when an announcement is made to market, whichever occurs earliest.

Shares in the West African gold explorer last traded at 11 cents.

New high-grade gold zones

In August the company further extended the Seko gold system within its Dandoko Gold Project in Mali after drilling identified new high-grade gold zones.

Aircore, reverse circulation and diamond core drilling was undertaken and returned high-grade intersections of up to 27.4 g/t gold.

The drilling programs have confirmed Seko’s growth potential, with several priority targets outlined for follow-up assessment.

Further assay results are pending from drilling completed at the Selingouma and Lomona prospects, 10 kilometres south and 3 kilometres east of Seko respectively.

Extensive gold anomalies

Oklo holds about 500 square kilometres of prospective ground within the Kenieba Inlier of West Mali.

At Dandoko extensive gold anomalies have previously been outlined by auger drilling along a 12-kilometre-long corridor.

The potential of this corridor to host large gold mineralised systems has been demonstrated by the recent drilling success at Seko and several other nearby prospect areas.

Quick facts: Oklo Resources Ltd

Price: 0.14 AUD

ASX:OKU
Market: ASX
Market Cap: $57.79 m
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