looks ripe, worth a punt, page-90

Ian Spence, CEO, replied to my email.


We have a lot of exciting things going on behind the scenes at the moment, including discussions with capital raising groups about capital raising and a number of large mining houses and groups about the potential of corporate activity and Joint venturing on some of our portfolio of assets.

The focus for Oklo currently is very much to undertake a second round of RC drilling at Disse and Diabarou where we announced the two discoveries in January this year. Round 2's aim will be to drill along strike from and the discovery holes and hopefully intersect further high grade mineralisation which we are hopeful will demonstrate to the market the significance of the gold intersections reported to date. Our focus attention is very much on discussions with several groups interested in undertaking a capital raising with us.

You have no doubt seen the recent takeover activities surrounding Papillon Resources (Fekola being only 30km to the west of Dandoko). This has significantly reinvigorated interest in the area and we are seeing renewed interest in Oklo now from the markets in general.

In regard to the pending "drill results" from Selingouma (our third priority target) , I need to make it clear that these will not be announced like conventional RC or diamond drilling results as Xm @ XYZgpt from Xmetres, but simply as a series of Geochemcal auger drilling results. This type of very inexpensive drilling typically makes use of only the last 1 metre sample to obtain a geochemical sample. If drilling of the hole went well and to full depth, that sample is taken from a depth of 21 metres.
I have tried to explain this in the June quarterly report and subsequent announcement and presentations so people are not disappointed, expecting conventional drill results.

Selingouma is very much a lower priority currently and as such we haven't really pushed the labs. We should receive the results from the labs shortly.