Okapi Resources Limited (ASX:OKR) to Acquire Multiple Large Scale Kaolin Halloysite Projects
Okapi to Acquire Multiple Large Scale Kaolin Halloysite Projects Perth, May 12, 2021 AEST (ABN Newswire) - Okapi Resources Limited (
ASX:OKR) is pleased to advise that the Company has entered into a binding heads of agreement to acquire Bulk Mineral Holdings Pty Ltd ( Bulk Minerals ) which holds two (2) granted exploration licenses in Western Australia and four (4) exploration licence applications in South Australia ( Acquisition Agreement ). Refer to Figure 1 for the location of the projects.
Highlights
- Okapi to acquire large scale Kaolin Halloysite and Heavy Mineral Sands Projects across SA and WA with a combined land package of ~2,127 km2
Okapi Resources to acquire large-scale kaolin-halloysite projects
The package includes four exploration licence applications prospective for heavy mineral sands and high purity halloysite on the western Eyre Peninsula in South Australia. Typical Feed stock dam on Nookanellup Road, highlighting kaolin material present.
Okapi Resources Ltd (ASX:OKR) (FRA:26O) has signed an agreement to acquire Bulk Mineral Holdings Pty Ltd, which holds two granted exploration licenses in Western Australia and four exploration licence applications in South Australia, with a total land package of around 2,127 kilometres.
The two granted exploration licences are near Kojonup, WA, are known as the Holly Kaolin Project, where recent site visits confirmed widespread outcropping Kaolin mineralisation.