Exceptional Vanadium Grades returned from rock chips assays at the Rattler Uranium Project, Utah

Key Points

  • Exceptional V2O5 grades at both Rattlesnake and Sunnyside Uranium Prospects, Utah

  • Rock samples returned V2O5 values up to 12.5% (124,772 ppm)

  • 18 of the 28 samples collected reported values of greater than 0.5% (5,000 ppm) V2O5

  • Rattler Uranium Project is potentially amenable to conventional open-pit

  • Okapi has already received a permit to drill across the Rattler Uranium Project area

Okapi Resources Limited (ASX: OKR) (Okapi or the Company) is pleased to announce the Company has received the Vanadium assay results from the rock chip sample program at its Rattler Uranium Project in the La Sal Mining District, Utah. A total of 28 rock samples which were collected from the Rattler Uranium Project in December 2021 were recently analysed for Vanadium; of the samples collected 18 reported values greater than 5,000 ppm V2O5 (0.5% V2O5).

The Company decided to have the pulp samples reanalysed for Vanadium after the exceptional uranium grades from the rock chip samples (announced on 10 March 2022) which included 15 of the 28 samples reporting values greater than 1,000 ppm U3O8 and also considering that Vanadium has also been an important byproduct credit in the La Sal Mining district.