Okapi Resources

Okapi is a publicly-traded mineral exploration company listed on the Australian Securities Exchange with a market capitalization of approximately AUD$61.5 million. The purchase of the Six Properties from ALX and associated exploration plans are fully funded from Okapi's existing cash reserves. Okapi currently has AUD$5.76 million in cash and cash e... quivalents in addition to 17.9 million listed options on issue (ASX: OKR) expiring on March 31, 2023 - if all are exercised, Okapi's cash balance would be supplemented by a further AUD$5.37 million. Okapi recently acquired a portfolio of advanced, high-grade uranium assets located in the United States of America. The assets include a strategic position in one of the most prolific uranium districts in the USA - the Tallahassee Creek Uranium District in Colorado, which hosts more than 100 million pounds of U3O8. The Tallahassee Uranium Project contains a Joint Ore Reserves Committee ("JORC") 2012 Mineral Resource estimate of 27.6 million pounds of U3O8 at a grade of 490ppm U3O8. The portfolio of US 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 85 kilometres from the White Mesa Uranium Mill, the only operating conventional uranium mill in the US.Read More