ASX Announcement 6 October 2010. ELA 25454 ?KILLI KILLI SOUTH PROSPECT?. PROPOSED EXPLORATION FOR RARE EARTHS. A recent ASX release by Orion Metals Limited (ASX: ORM) dated 15 September 2010 highlighted that company?s early success with assay results for reconnaissance rock chip samples on it?s Killi Killi Hills tenements. The samples that were assayed by Orion indicated in particular the presence of heavy rare earth elements as well as uranium and gold. For the information of investors, Oklo advises that the Orion tenements mentioned above border ELA 25454 which was lodged by Oklo with the NT Government in 2007 for the purpose of assessing its uranium potential. The tenement, which covers an area of 144 km2, remains in the form of an Exploration License Application at this time. In the light of the early success achieved by Orion, especially in relation to its heavy rare earth assay results, plus the occurrence of what appears to be an emerging global shortage of ?rare earth? type minerals, Oklo further advises that it intends to take steps to expedite the granting of its ELA. Upon grant of this application Oklo intends to carry out a preliminary exploration programme on the area. Oklo will provide additional details on its proposed work programme to explore for rare earth minerals at Killi Killi once the grant of its application has been confirmed. For further information please contact Peter Meagher on 08 93864003. Peter Meagher Executive Chairman Oklo Uranium
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OKU Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
