Okapi’s clear strategy is to become a new leader in North American carbon-free nuclear energy by developing its portfolio of high-quality uranium assets.
Okapi’s case for developing uranium projects in North America reduces to several converging factors 1) the clean energy movement will have to embrace nuclear power, 2) uranium supply is not sufficient to meet future demand, and 3) the USA is investing billions in reigniting its nuclear energy capabilities and along with it, domestic uranium supply.
Okapi has strong strategic positions in North America’s most prolific uranium districts – the Tallahassee Creek Uranium District in Colorado, and Canada’s Athabasca Basin, which currently supplies about 20% of the world’s uranium. In the US, our flagship Tallahassee Uranium Project in Colorado has a JORC Resource of 49.8Mlbs U3O8 (average grade of 540ppm U3O8). Okapi also has the high-grade Rattler Uranium Project in Utah, and the Maybell Uranium Project in Colorado which boasts historical production of 5.3 million pounds of U308 (average grade 1,300ppm).
Okapi’s legacy Enmore Gold Project in New South Wales, which lies in the New England Fold Belt near the operating Hillgrove Gold Mine (ASX:RVR), returned impressive maiden drilling results in 2021 leading to new diamond drilling in 2022 to follow up strong intercepts.
Our flagship Tallahassee Uranium Project has a JORC Resource of 49.8Mlbs U3O8 with a grade of 540ppm U3O8.