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Oklo Resources MD & CEO demonstrates confidence in gold strategy with on-market purchase

The company’s recent resource estimate at the Dandoko Project in west Mali will form the basis of a scoping study on a potential low-cost open pit mining operation.

Oklo Resources Ltd -
The Dandoko permit totals 100 square kilometres and is in west Mal

Oklo Resources Ltd (ASX:OKU) (FRA:JYA) managing director and CEO Simon Taylor has demonstrated his confidence in the company’s gold exploration strategy with the purchase of shares in an on-market transaction.

On April 7, 8 and 9 Taylor acquired 800,000 shares worth $109,000 in an indirect interest, increasing the total number of securities held in that interest to more than 5.243 million shares with another 1,816,667 shares in a second indirect interest.

Maiden Dandoko resource

On March 30, the company delivered a “robust” initial JORC-compliant mineral resource estimate at its flagship Dandoko Gold Project in west Mali.

The measured, indicated and inferred resource of 11.3 million tonnes at 1.83 g/t gold for 668,500 ounces, covers Seko, Koko, Disse and Diabarou deposits, which all remain open and are expected to grow with ongoing drilling along strike or at depth.

This maiden estimate follows years of hard work for Oklo, which acquired the Dandoko project from Compass Gold Corp (CVE:CVB) in 2013.

It is constrained within optimised pit shells with 79% classified within the measured and indicated resource categories.

Quick facts: Oklo Resources Ltd

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