Investor Presentation
Perth, Sep 28, 2021 AEST (ABN Newswire) - Okapi Resources (
ASX:OKR) (26O:FRA) is focussed on becoming a new leader in North American carbon free nuclear energy by assembling a portfolio of high quality uranium assets through accretive acquisitions and high impact exploration.
Initial acquisitions include a portfolio of high quality uranium development assets located within an established mining district in Colorado and Utah, USA.
Tallahassee Resources' foundation projects include the Tallahassee Uranium Project which was previously part of ASX listed Black Range Minerals which reached a market cap greater than A$180m in 2007 prior to its maiden resource.
Tallahassee Uranium Project contains a JORC 2004 Mineral Resource estimate of 26 Mlb of U308 at 540 ppm U308.
Black Range Minerals previously consolidated project ownership and undertook extensive exploration delineating a JORC Resource of 91 Mlb of U308 prior to being acquired by Western Uranium Corporation in 2015.
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About Okapi Resources Limited
Okapi Resources Limited (ASX:OKR) recently acquired a portfolio of advanced, high grade uranium assets located in the United States of America and in the Athabasca Basin, Canada.
Assets include a strategic position in one of the most prolific uranium districts in the USA - the Tallahassee Creek Uranium District in Colorado. The Tallahassee Uranium Project contains a JORC 2012 Mineral Resource estimate of 27.6 million pounds of U3O8 at a grade of 490ppm U3O8 with significant exploration upside. The greater Tallahassee Creek Uranium District hosts more than 100 million pounds of U3O8 with considerable opportunity to expand the existing resource base by acquiring additional complementary assets in the district.
The portfolio of assets also includes an option to acquire 100% of the high-grade Rattler Uranium Project in Utah, which includes the historical Rattlesnake open pit mine. The Rattler Uranium Project is located 85km from the White Mesa Uranium Mill, the only operating conventional uranium mill in the USA hence provides a near term, low-capital development opportunity.
In January 2022, Okapi acquired a portfolio of high-grade exploration assets in the world's premier uranium district, the Athabasca Basin. The Athabasca Basin is home to the world's largest and highest-grade uranium mines.
Okapi's clear strategy is to become a new leader in North American carbon-free nuclear energy by assembling a portfolio of high-quality uranium assets through accretive acquisitions and exploration.
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