Okapi Resources Ltd: Quarterly Activities Report

Perth, Australia - Okapi Resources Ltd. (ASX:OKR) (FRA:26O) is pleased to report activities completed during the 30 June 2021 quarter.

Highlights

- Drilling commences at the Enmore Gold Project in NSW with an initial drill campaign of 10 holes, with a minimum drilling distance of 1,000m over priority prospects following approvals awarded by the NSW Government and drill rigs secured

- Post quarter end, drilling program at the Enmore Gold Project in NSW completed, comprising 10 holes for 1,257m

- Program to test the depth extent of shallow mineralisation reported from historic drilling

- Completion of an infill geochemical soil survey on Mount Day Project

- The survey on Mount Day Project increases the resolution of the previously completed soil survey, identifying areas for more detailed follow up and defining drilling targets

- Okapi's 100% highly prospective gold tenement E63/2039 granted

- Infill soil sampling program at E63/2039 conducted during the quarter and completed in July 2021

- Completion of Tranche 2 Placement raising $0.8M at $0.19 per share to progress the Enmore Gold Project

- Completion of Placement raising $0.65M at $0.21 per share with one free attaching Listed Options for every share subscribed

- Appointment of Mr Peretz Schapiro as Non-Executive Director/Interim Chairman and Mr Leonard Math as Executive Director

Okapi's Executive Director, Mr David Nour said, "The June quarter has been an extremely busy quarter with exploration activities conducted on Okapi's projects including a drilling program at the Enmore Gold Project."

"In addition, during the quarter, the Board has been busy assessing a number of project opportunities and successfully entered into a binding agreement in July to acquire Tallahassee Resources, which holds a portfolio of large, superior and high-grade uranium projects in the US combined with an experienced team holding in-depth knowledge of North America. This is a transformational opportunity for Okapi to become one of the most prominent uranium developers in the world."

"The Company is fortunate to have Peretz and Leonard joining the Board of Okapi and their experience and knowledge will be invaluable to this growing Company. It has also been a great pleasure working with Andrew, Rhod and Raymond. On behalf of the Company, I thank them for their contribution and wish them well for their future endeavours."

"It has been a busy quarter and I thank everyone involved. The Board and I look forward to a great 2021/2022 ahead."

To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/67WJX96V

About Okapi Resources Ltd:

Okapi Resources Ltd. (ASX:OKR) is a minerals exploration company focused on the discovery and commercialisation of mineral deposits in Australia.

Okapi's primary objective is to discover and develop mineral resources from its current portfolio. The Company has carefully selected projects with historical workings and excellent results. Okapi has a team of professionals with an exemplary record of success and with a particular history in Australia.

Okapi is also pursuing a growth strategy that aims to appraise and secure further exploration and development opportunities within gold and mineral endowed districts.

Source:
Okapi Resources Ltd.

Contact:

Leonard Math Executive Director and Company Secretary Okapi Resources Ltd. T: 08 6117 9338 E: leonard.math@okapiresources.com