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.
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.