viewOklo Resources Ltd

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

Market: ASX
Market Cap: $85.69 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Oklo Resources Ltd named herein, including the promotion by the Company of Oklo Resources Ltd in any Content on the Site, the Company receives...


Oklo Resources' Simon Taylor welcomes start of drilling at flagship Dandoko...

Oklo Resources Ltd's (ASX:OKU) Simon Taylor caught up with Proactive's Andrew Scott after announcing they'e resumed work for the 2021 field season with drilling at the Seko prospect within its flagship Dandoko Gold Project in west Mali. They're planning an initial drilling program of 15,000...

on 28/10/20

2 min read