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STTCOMP OKU, FA Long

Oklo Resources Ltd OKUASX
Energy Sector, Energy Industry

Market Cap $32.50M
Shares Outstanding 240.9M

Oklo Resources Limited (OKU) is a mineral exploration company focusing on phosphate, gold, uranium and base metals with a portfolio of assets located in Mali and Australia. Oklo's primary focus is on developing its gold and phosphate projects in Mali.

From the ANN 7/2/2107

7 FEBRUARY 2017 AIRBORNE GEOPHYSICAL SURVEY COMPLETED AT MOUSSALA Oklo Resources Limited (“Oklo” or “the Company”; ASX: OKU) is pleased to announce that a detailed low level airborne geophysical survey has been completed over its wholly owned Moussala Project in western Mali (Figure 1).

Moussala was granted to the Company during 2016 and is a 64km2 tenement located less than 5km to the west of the Dandoko Project, where the current 40,000m program of auger drilling has recently delineated significant new gold trends at the Seko prospect (refer ASX release of 30 January 2017).

There has been no previous drilling within the underexplored Moussala tenement. The geophysical survey, of approximately 1,400 line-kilometres, was flown on a line spacing of 50m and at a 20-30m height using a helicopter based platform to collect detailed magnetic and radiometric data.

The survey data will be used to improve the geological understanding of the Project area. Results from the geophysical survey are expected from late February and will be integrated with the pending assay results from the ongoing auger program at Moussala.

These pending assay results represent the first ever, albeit shallow, drilling within the Moussala Project. The Moussala and Dandoko Projects are located within the Kenieba Inlier of western Mali and lie within 30km to the east of B2Gold’s 5.15Moz Fekola Project and 50km to the south-southeast of Randgold’s 12.5Moz Loulo Mine.

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