Okapi Resources Limited announced that its wholly owned subsidiary Usuran Resources Inc. has received approval for its Notice of Intent (NoI) to Conduct Prospecting application on its Taylor-Boyer deposits within the larger Tallahassee Uranium Project in Colorado, U.S.A. The approval comes from the Colorado Division of Reclamation, Mining and Safety (DRMS). The approval will allow Okapi to drill up to 18,200m in 60 drill holes; the drilling will be applied to exploration, hydrological testing and geotechnical investigations in order to further the development of the Taylor-Boyer Prospect to a mining decision. The permit is valid through to December 31st, 2027.

The next steps for the Tallahassee Uranium Project will be seeking an additional NoI from the DRMS to cover the recently acquired 51% ownership in the Hansen and Picnic Tree deposits and obtaining the Conditional Use Permits (CUPs) as required from Fremont County, Colorado before drilling came commence. Okapi holds a 100% interest in the mineral rights at Taylor-Boyer that covers approximately 7,500 acres; large portions which are still considered to be untested or poorly tested by drilling. Further work is needed to fully define the boundaries of the prospective mineralised channel or channels.

The Company believes that there is scope to expand on the existing JORC compliant resource estimate through further exploration. The approval from DMRS to conduct prospecting activities including drilling has been granted on lands where both the surface and mineral rights are privately owned. Importantly, Okapi has already obtained a private land access agreement with the surface landowners at the Taylor Ranch and Boyer Ranch that allows access for the permitted drilling activities.

Taylor-Boyer Deposits - Geology & Mineralisation: The uranium deposits in the Tallahassee District are tabular deposits associated with redox interfaces. The mineralisation is hosted in Tertiary sandstones (Echo Park Formation) and/or clay bearing conglomerates (Tallahassee Creek Formation). These formations were deposited in a now extinct braided-stream fluvial system paleochannels.

The Noah, Northwest Taylor and Boyer Deposits are all hosted by the more favorable Echo Park sandstones, so mineralisation is generally thick and laterally continuous, and commonly comprises high-grade mineralisation within broader, lower-grade envelopes. Mineralisation occurred post-sediment deposition, when oxygenated, uraniferous groundwater that moved through the host rocks encountered redox interfaces. The resultant chemical change caused the precipitation of uranium oxides, with the mineralisation typically coating the surface of pre- existing minerals and sand grains.

The redox interfaces were commonly a result of the buildup of carbonaceous material within the host formation during sediment deposition. The paleochannels were later partially buried by the extrusion of the Thirty-nine Mile Andesite, which preserved the sedimentary sequences and allowed them to be gradually enriched with uranium.