Okapi Appoints Highly Experienced Mining Executive as MD
Perth, Nov 19, 2021 AEST (ABN Newswire) - Okapi Resources Limited (
ASX:OKR) (26O:FRA) is pleased to announce it has appointed highly experienced mining executive Andrew Ferrier as the Company's Managing Director, effective as of 13 December 2021.
Mr Ferrier has more than 15 years of experience in both management, corporate finance and principal investing roles in the global mining sector. He has previously held senior roles for Pacific Road Capital, a large mining-focused private equity investment firm where he worked for 12 years across USA, Canada and Australia.
Andrew holds a Bachelor of Chemical Engineering (First Class Honours) and Bachelor of Commerce from the University of Sydney. Andrew also holds a Masters of Applied Finance from Macquarie University and is a CFA charterholder.
Mr Ferrier has significant knowledge and understanding of the North American Uranium space having been heavily involved in the development, permitting and sale of the Reno Creek ISR Uranium project in Wyoming, USA. Reno Creek is now the largest permitted preconstruction ISR project in the USA.
Okapi's Chairman, Mr Peretz Schapiro said:
"The Board is delighted to secure Andrew as Okapi's Managing Director. Andrew is an exceptional leader with a successful track-record of identifying, developing and selling North American uranium assets. Andrew has a deep understanding of global capital markets and is ideally placed to execute Okapi's strategy of becoming a new leader in North American carbon-free nuclear energy.
The Board is confident that Andrew has the necessary experience and skill set to optimise Okapi's existing assets and to maximise its strategic options so as to deliver shareholder value.
The Board welcomes Andrew to Okapi and wishes him the best of luck in this new role."
Executive Director, Mr David Nour has decided to retire at the Company's upcoming Annual General Meeting on 30 November 2021 and as such he will not be seeking re-election. Since David's appointment to the Board in November 2019, David has been instrumental to the development of the Company including this transformational transaction with Tallahassee.
"On behalf of the Board, I would like to thank David for his leadership, drive and commitment during his time as director of the Company. His unparalleled dedication to Okapi has played an enormous role in the Company's development and recent transformation. On behalf of the board, we wish David all the best with his future endeavours," said Mr Schapiro.
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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