- Okapi Resources (OKR) completes the acquisition of 45 new mining claims and one Colorado state mineral lease at its Maybell uranium project in Colorado, US
- The company says the acquisition improves its coverage of a recognised uranium trend at Maybell, which previously produced over 5.3 million pounds at an average grade of 1300 parts per million (ppm) uranium oxide
- As part of the acquisition, Okapi has also secured access to an extensive historical database, which includes exploration and geological reports and maps
- A study is now underway to identify the next steps to be taken at the Maybell project, with key outcomes from the study expected by the end of March 2023
- Okapi Resources is trading at 18.5 cents at 2:05 pm AEDT
Okapi Resources (OKR) has completed the acquisition of 45 new mining claims and one Colorado state mineral lease at its Maybell uranium project in Colorado, US.
The company said the acquisition improved its coverage of a recognised uranium trend at Maybell, which previously produced over 5.3 million pounds at an average grade of 1300 parts per million (ppm) uranium oxide.
As part of the acquisition, Okapi has also secured access to an extensive historical database that includes exploration and geological reports and maps, along with more than 400 electric logs. The company said it hoped to use this data to fast-track its assessment of the project.
The company contracted BRS Engineering to undertake a study to identify the next steps to be taken at the Maybell project, with key outcomes from the study expected by the end of March 2023.
“The recent exploration results and historic data from the Maybell uranium project demonstrate the project has the potential to host significant uranium resources,” Okapi Managing Director Andrew Ferrier said.
“We are in the process of reviewing and analysing all the available data and planning a drill program for later this year.
“The plan is to delineate additional resources to allow the evaluation of developing a shallow open pit operation.”
Mr Ferrier said the company was looking forward to announcing the key outcomes of the study in the coming months.
Okapi Resources was trading at 18.5 cents at 2:05 pm AEDT.