Oklo identifies new uranium province in Mali

Perth-based resources company Oklo Uranium Ltd believes it has identified a...

  Perth-based resources company Oklo Uranium Ltd believes it has identified a major new uranium province in north east Mali; West Africa. The company has received preliminary results of the northern half of their major geophysical survey covering the company’s Kidal Project, in north-east Mali. This latest data has, for the first time, been combined with the southern half results and depicts widespread uranium anomalism and numerous discrete uranium targets.Oklo previously announced the identification of a number of radiometric anomalies in the southern half of the project area. Since then, the remaining northern half of the survey has been completed. The combined radiometric and aeromagnetic airborne survey in Mali covered approximately 19,930sqkm and comprised a total of 53,534 line kilometres.The mid-survey results, which were independently compiled by Southern Geosciences (SGC), were highly encouraging and provided great impetus for the completion of the survey. SGC will conduct the same rigorous assessment of the data from the north on behalf of Oklo. “Whilst Oklo is only a small exploration company, for its west African exploration, we have adopted a bold “big company” approach and focussed efforts on identifying and securing a prospective world class uranium province, rather than small scale holdings typical of many uranium explorers,” said Oklo Managing Director Ross Brown. “Results so far would suggest that we may well have met our objective.""We have committed well over $1 million to a single geophysical survey and have been rewarded with a profusion of uranium anomalies at the Kidal project. We will spend this much again in developing the best targets with ground truthing and drilling.”