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Oklo Resources managing director supports gold strategy with on-market share purchase

The company recently divested its 80% interest in non-core gold projects in southern Mali, to focus on its flagship Dandoko Project in west Mali.

Oklo Resources Ltd - Oklo Resources director supports divestment strategy with on market share purchase
Simon Taylor has acquired 400,000 new shares in the company

Oklo Resources Ltd (ASX:OKU) (FRA:JYA) managing director and CEO Simon Taylor has shown confidence in the company's gold strategy focused on West Africa with the purchase of 400,000 shares in the company in on-market transactions.

Taylor acquired the shares on December 24 and 29 with a total value of $79,925 for an indirect interest.

This brings the total number of securities held in that interest to 3,593,333 shares with another 2,666,667 held in a different indirect interest.

The purchase comes after the company recently executed the final documentation to divest its 80 per cent interest in non-core gold projects in southern Mali to Marvel Gold Ltd (ASX:MVL) (FRA:GR2).

Mali assets divested

After executing a shareholders’ agreement with Marvel Gold Ltd (ASX:MVL) in August 2020 through a new incorporated exploration joint venture company, all conditions precedent to achieve completion of the sale of gold assets in southern Mali were met in late December.

This will allow Oklo to focus fully on progressing its advanced gold projects in west Mali, including the flagship Dandoko project, while the company will also maintain an exposure to any future exploration success in the south Mali projects by retaining a 20% free carried interest to a decision to mine and a shareholding in Marvel.

Quick facts: Oklo Resources Ltd

Price: 0.17 AUD

ASX:OKU
Market: ASX
Market Cap: $85.69 m
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