Highlights
Commencement of on-ground exploration activities at the Rattler Uranium Project, Utah
Okapi’s in-country Exploration Manager and team are undertaking a detailed review of historical workings, geological mapping and rock chip sampling
Detailed mapping and assessment program expected to be completed by year-end, followed by completion of drill targeting
Rock chip assays due in Q1 2022
Drilling scheduled to commence in Q1 2022
Rattler Uranium Project contains the Rattlesnake Open Pit Mine and is along strike from and has a similar geological setting to Energy Fuels’ La Sal Project
The Rattlesnake Open Pit Mine produced 285,000 tonnes of ore @ 2,800ppm U3O8 and 1.0% V2O5 for 1.6 million pounds of U3O8 and 4.5 million pounds of V2O5 1
La Sal hosts a total of 4.5Mlbs of U3O8 @ 1,700ppm U3O8 and 23.4Mlbs of V2O5 @ 8,880ppm V2O5 2
La Sal is fully permitted for mining and was in operation between 2006 to 2012 with ore processed at the nearby White Mesa Uranium Mill
