Okapi Resources Limited (ASX:OKR)

Andrew Ferrier
Market Cap (AUD): 30.46M
Sector: Materials
Last Trade (AUD): 0.26 +0 (+0%)
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1. About

Okapi Resources Limited (ASX:OKR) recently acquired a portfolio of advanced, high grade uranium assets located in the USA.

Okapis strategy is to become a new leader in North American carbon-free nuclear energy by assembling a portfolio of high-quality uranium assets through acquisition and exploration.

Assets include a strategic position in one of the most prolific uranium districts in the USA - the Tallahassee Creek Uranium District in Colorado. The Tallahassee Uranium Project contains a JORC 2004 Mineral Resource estimate of 26 million pounds with significant exploration upside. 

The greater Tallahassee Creek Uranium District hosts more than 100 million pounds with opportunity to expand the existing resource base by acquiring additional complementary assets in the District.

The portfolio of assets also include an option to acquire 100% of the high-grade Rattler Uranium Project in Utah, which includes the historical Rattlesnake open pit mine from which 285,000 tonnes of ore was mined between 1948 and 1954. 

The Rattler Uranium Project is located 85km from the White Mesa Uranium Mill, the only operating conventional uranium mill in the USA hence provides a near-term, low-capital development opportunity.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk