OKR’s WA lithium project?
Our uranium Investment Okapi Resources (ASX: OKR) just put out an announcement about a lithium project…
The key reason we are Invested in OKR has always been for exposure to its uranium projects in North America and its shareholding in private enrichment company - Ubaryon.
That hasn't changed BUT today’s announcement was interesting for a few reasons:
- OKR’s neighbour TG Metals made a discovery at its project a few days ago and its share price is up over 500% since the discovery was announced.
- TG Metals discovery was made after drilling under lithium soil anomalies, a higher risk approach to drilling under outcropping pegmatites.
The significance of this is that OKR has identical lithium targets at its 100% owned ground to the north.
OKR has soil anomalies similar to the ones TG Metals had.
In addition to this, OKR’s ground has outcropping pegmatites which just means IF OKR ever drills the project it can plan where it puts its drill holes a lot easier than TG Metals would have done.
Here is what TG Metals project looked like before it drilled and made its discovery:
What we will be watching out for next:
Soil and rock chip sampling 🔄
OKR confirmed it would fast track fieldwork to put together potential drill targets.
We will be watching to see what comes from the first pass field program.
