Highlights
- Acquisition increases the size of Okapi's JORC Resource at the
- Hansen Uranium Deposit is a high-grade, shallow deposit located immediately south of, and adjacent to, Okapi's 100%-owned Taylor and Boyer Uranium Deposits
- Hansen Uranium Deposit was discovered in 1977, feasibility studies were completed and it was fully permitted to commence production prior to the collapse of the uranium market in 1982
- Okapi is continuing to consolidate pounds within the
- Highly accretive acquisition for Okapi shareholders with the acquisition of 22.2 million pounds U3O8 at 610ppm U3O8 for the modest upfront cost of
The Hansen Uranium Deposit is located immediately south of, and adjacent to, Okapi's 100%-owned Taylor and Boyer Uranium Deposits, and comprises two deposits known as the Hansen Uranium Deposit and the Picnic Tree Uranium Deposit. The Hansen and Picnic Tree Uranium Deposit contains a JORC (2012) Mineral Resource of 22.2 million pounds U3O8 at 610 ppm U3O8 (100% of which is attributable to Okapi via its 51% mineral interest). Therefore, Okapi's updated JORC (2012) Mineral Resource for the
Okapi's Managing Director, Mr
"This acquisition represents a very important transaction for Okapi and its shareholders. By securing this strategic 51% interest in the
Recent geopolitical events have put increased focus on the importance of the US revitalising its domestically sourced uranium, which will undoubtedly place a significant premium on US uranium assets such as Hansen.
The issue is significantly compounded by the fact that 46% of US uranium is currently sourced from
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About
Assets include a strategic position in one of the most prolific uranium districts in the
The portfolio of assets also includes an option to acquire 100% of the high-grade
In
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.
Contact:
Managing Director
E: info@okapiresources.com
P: +61 8 6117 9338
Investor Relations
E: gareth@republicpr.com.au
P: +61 417 711 108
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