OKU 0.00% 15.0¢ oklo resources limited

Ann: New High-Grade Zone Confirmed at Seko - 55m at 7.65g/t Gold, page-15

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  1. 5,209 Posts.
    lightbulb Created with Sketch. 3267
    Has anyone ever seen drill hits this good that did not result in a resource that was mined?

    Recent intersects

    55m at 7.65g/t Gold
    65m at 7.1g/t Gold
    47m at 10.97g/t Gold


    These are exceptional hits from open pit type depths

    Just spent some time looking back at WAF which is obviously also in Western Africa and they ran to $200m MC or so pretty quickly once they started turning drill results into JORC grade resource. WAF now going into production a few years later at  around $400MC and planning to produce 200-300 oz a year.

    WAF.PNG


    OKU peaked at ~$150m MC back in early 2018 based on grades much poorer than they are hitting now, they are awaiting assays which will likely further impress. Pretty clear in my view that this will be another multi million oz deposit which can be developed, hopefully with a nice low AISC like WAF which are around $US600/oz.

    https://hotcopper.com.au/threads/an...old-intersected-at-seko.3921908/#.XjFG4mgzaUk

    OKU.PNG
 
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