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High-Grade Rock Chips Assay up to 1.24% U3O8 at the Rattler Uranium Project



Highlights


  • Exceptional rock samples taken at both Rattlesnake and Sunnyside Uranium Prospects • Rattlesnake rock samples returned values up to 1.24% U3O8 (12,400ppm)

  • Sunnyside rock samples returned values up to 0.759% U3O8 (7,590ppm)

  • 15 of the 28 samples collected reported values of greater than 1,000 ppm U3O8

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

  • Okapi has applied for a permit to drill across the Rattler Uranium Project


Okapi Resources Limited (ASX: OKR) (Okapi or the Company) is pleased to announce the results from an initial surface exploration program at its Rattler Uranium Project in the La Sal Mining District, Utah; the goal of which was to determine the nature of surface accessible Uranium mineralisation. A total of 28 rock samples were collected from the Rattler Uranium Project in December 2021; of the samples collected 15 reported values greater than 1,000 ppm U3O8. The results are summarised in Table 1 and shown in Figures 1 and 2.



The results of the initial surface exploration program confirmed the high-grade nature of the uranium mineralisation at the Company’s Rattler Uranium Project with numerous assays across both Rattlesnake and Sunnyside showing exceptional high-grade uranium. The Company has already submitted an application to drill at Rattler and is keen to follow up these excellent results with drilling in the near future. We continue to believe that the uranium space is in an upward trend and Okapi is currently assembling and developing the right portfolio of assets to create value for shareholders


Mr Andrew Ferrier

Managing Director