CAPITAL MARKETS

Resolute buys more of Oklo

Gold explorer has emerging prospect in Mali

Oklo Resources drilling at Seko in Mali

Oklo Resources drilling at Seko in Mali

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.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.