| OKLO URANIUM LTD: ASX RELEASE |
OKLO CONTINUES TO EXPAND ITS INTERESTS IN NIGER
AND PROVIDES UPDATE ON KIDAL PROJECT IN MALI
13 September 2007
Highlights:
Niger
• An additional three Exploration Permit applications have been successfully lodged with the Ministry of Mines and Energy of Niger. Oklo now
has a total to six Exploration Permit applications in Niger, bringing the total area under application to 2,874 square kilometres.
• Oklo’s Barakka Project (formerly the Azaoua Project) comprises two original permit applications situated on the west margin of the Tim
Mersoï Basin. It is prospective for sandstone hosted uranium.
• Oklo’s Elmeki Project (formerly the Gougaram Project) now comprises four permit applications (one original application and all three new
applications) situated on the Aïr Massif. It is prospective for both hard-rock and calcrete-hosted uranium.
Mali
• Following completion of approximately 47% of the airborne geophysical survey of the 19,000km2 Kidal
Project area, UTS have currently suspended flying for operational reasons. Data collected to date is being forwarded for processing by Southern Geosciences in Perth, Western
Australia.
Australian uranium exploration company, Oklo Uranium Limited (ASX: OKU), is pleased to announce that the company is continuing to expand its uranium interests in west Africa, with the submission of three Exploration Permits in Niger. This
brings the total number of Exploration Permit applications in Niger to six, three previously being lodged in June 2007. Niger produces approximately 9% of the world’s uranium and has produced uranium for over 40 years.
Applications for the three new applications, together with the original applications, are subject to approval of the Ministry of Mines and Energy of Niger. The original applications are in an advanced stage of processing. The new
applications are expected to take approximately three months for approval.
Oklo’s Managing Director, Ross Brown, said, “Our strategy in west Africa is multifaceted, satisfying both short-term and long-term positions in uranium exploration and development. The potential benefit of developing prospects in the
vicinity of existing uranium mines is self-evident, both in terms of utilising existing infrastructure and having access to processing facilities.”
More details on both Oklo's Elmeki Project - Niger and Kidal Project – Mali is available in the attached ASX Announcement which was lodged by the
company today. D ownload the full ASX Announcement by clicking here.
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Oklo Uranium
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EXPLORATEUR |
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CODE : OKU.AX |
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Oklo Uranium est une société d’exploration minière d'uranium basée en Australie. Oklo Uranium détient divers projets d'exploration en Namibie. Ses principaux projets en exploration sont KIDAL au Mali, BARAKKA et ELMEKI au Niger, HARTS RANGE AREA, BURKE RIVER, NORTH YILGARN et WEST TANAMI en Australie et HOASIB en Namibie. Oklo Uranium est cotée en Australie. Sa capitalisation boursière aujourd'hui est 36,2 millions AU$ (26,1 millions US$, 26,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 octobre 2010 à 1,50 AU$, et son plus bas niveau récent le 06 juin 2014 à 0,02 AU$. Oklo Uranium possède 241 330 000 actions en circulation. |