Okapi Resources Limited (ASX: OKR) (Okapi or the Company) is pleased to announce its Maiden JORC 2012 Mineral Resource estimate for its Tallahassee Uranium Project located in Colorado, USA.


Highlights

  • Okapi's Maiden JORC 2012 Resource of 27.6 million pounds of U3O8 at 490ppm U3O8 for the Tallahassee Uranium Project, Colorado, USA
  • Includes Measured, Indicated and Inferred resource categories
  • Planning of maiden drill program well advanced
  • Significant scope to increase pounds through exploration and accretive acquisitions
  • Clear strategy to become a new leader in North American carbon-free nuclear energy

Okapi's Maiden 2012 Mineral Resource for the Tallahassee Uranium Project has been estimated at 25.4Mt @ 490ppm U3O8 for 27.6 million pounds of U3O8using a 250ppm cut-off grade.

Okapi Resources Executive Director David Nour commented:

"This is yet another significant milestone for Okapi, achieving a Maiden JORC 2012 Mineral Resource that provides a robust platform on which to add further pounds via exploration within our current landholdings and through further value-accretive acquisitions."

"The team is also well advanced in planning a maiden drilling program of circa 10,000m at the Tallahassee Uranium Project."


Read the full article here.

OKR:AU

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