145.5M shares on issue, 9.5M 25c options.Market cap under $7M...

145.5M shares on issue, 9.5M 25c options.

Market cap under $7M with $1.8M in the bank.

The company has an interesting phosphate project in Mali. Some of the sample grades of raw phosphate have been as high as those from beneficiated phosphate at other projects.

The phosphate is present at surface or within trenching depth over a distance of 7.8 km. The deposit has been assessed as having an exploration target of 10-20M tonnes at 20% phosphate. As little as 10% of the prospective geology has been explored.

Phosphate could do for Oklu what potash did for South Boulder.

The company also has a 40% interest in the Tibbs prospect (gold-copper-tungsten in NT, Australia). Drilling has now been commenced by JV partner Mithril Resources.