CAPITAL MARKETS

Resolute buys more of Oklo

Gold explorer has emerging prospect in Mali

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The West Africa gold miner now holds nearly 10% of Oklo, up from a fraction under 8% previously.

Resolute's flagship Syama operation is in Mali.

As the firefinch flies, Oklo's emerging Dandoko/Seko prospect is about 300km northwest of Syama - with the firefinch Mali's national mascot.

In contrast, B2Gold's Fekola operation and IAMGOLD's advanced Boto pre-development asset are right on Dandoko/Seko's doorstep, albeit Boto is across the border in Senegal.

Oklo raised $10 million for its exploration late last month by issuing new shares priced at 32c each, with Resolute participating in the fundraising.

It's understood BlackRock is Oklo's major shareholder, with a stake in the ‘teens'.

Shares in Oklo were up 3.5% to 30.5c, capitalising the explorer at $126 million.

 

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