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Okapi completes acquisition of 51% interest in Hansen Uranium Deposit



Highlights

  • Closed acquisition to acquire 51% option over of the high-grade Hansen Uranium Deposit in Colorado

  • Tallahassee Uranium Project now has a JORC Resource of 49.8 million pounds of U3O8 at a grade of 540ppm U3O8 transforming Okapi into significant player in the USA uranium market • Hansen Uranium Deposit is a high-grade, shallow deposit located immediately south of, and adjacent to, Okapi’s 100%-owned Taylor and Boyer Uranium Deposits

  • Timely transaction given the recent actions of the Biden’s Administration which potentially marks the beginning of a new chapter for domestic U.S. nuclear fuel industry.


Okapi Resources Limited (ASX: OKR) (Okapi or the Company) is pleased to announce it has completed the agreement to acquire an option over a 51% interest in the Hansen Uranium Project in Colorado, USA. The acquisition increases Okapi’s Mineral Resource for the Tallahassee Uranium Project to 42.0 million tonnes at 540ppm for 49.8 million pounds of U3O8 representing an 81% increase to the size and an increase of 10% to the grade of Okapi’s existing JORC (2012)


Mineral Resource. Please refer to the ASX Announcement dated 7 April 2022. The Hansen Uranium Deposit is located immediately south of, and adjacent to, Okapi’s 100%-owned Taylor and Boyer Uranium Deposits, and comprises two deposits known as the Hansen Uranium Deposit and the Picnic Tree Uranium Deposit. The Hansen and Picnic Tree Uranium Deposit contains a JORC (2012) Mineral Resource of 22.2 million pounds U3O8 at 610 ppm U3O8 (100% of which is attributable to Okapi via its 51% mineral interest).