Okapi Resources - OKR(ASX) News & Expert Insights from Stockhead

Okapi Resources (ASX:OKR) is an Australian minerals exploration company focused in the Kimberley Goldfields of Western Australia and the Democratic Republic Congo (DRC).

Its Mambasa Gold Project contains several historical colonial gold workings and is similar to other large-scale gold and mineral deposits within the region including AngloGold Ashanti’s 20Moz Geita mine in Tanzania and Loncor Resources Inc’s recently defined 1Moz Makapela and 1.9Moz Adumbi gold projects.

In addition, Okapi has commenced due diligence and secured an option agreement to earn a 70 per cent stake in two copper-cobalt projects — Tenke and Ntondo projects– within the DRC Katanga province. The Democratic Republic of the Congo accounts for more than half the world’s cobalt supply.

KEY PEOPLE

Nigel Ferguson - Managing Director

Nigel Ferguson is a geologist with over 30 years of experience in gold and base metals exploration, resource definition and feasibility studies globally. Having held senior management positions for the last 18 years, Mr Ferguson has developed a reputation for developing resources to the stage of commercialisation and now has a strong focus on African gold projects, especially within the Democratic Republic of Congo.

Klaus Eckhof - Non-Executive Chairman

Klaus Eckhof is a geologist with more than 25 years experience identifying, exploring and developing mineral deposits around the world. He founded Spinifex Gold Ltd and Lafayette Mining Ltd, both of which successfully delineated gold and base metal deposits. Mr Eckhof also founded Moto Goldmines, which was subsequently acquired by Randgold Resources for $488m. Mr Eckhof is also a director of Burey Gold Ltd and Carnavale Resources Ltd.

Craig Nelmes - CFO and Company Secretary

Craig Nelmes is an Accountant with over 20 years’ experience in the mining sector in Australia and overseas. For the last six years, Mr. Nelmes has served as a Manager with Corporate Consultants Pty Ltd, a company providing accounting, secretarial and administrative services to ASX and TSX listed entities.