Dandoko Gold Royalty

Dandoko was acquired by B2Gold in September 2022 in a combined cash and equity deal valuing Oklo at A$91.3 million. At the time of the acquisition, B2Gold noted “The acquisition of Oklo is expected to provide B2Gold with an additional landholding of 1,405 km² covering highly prospective greenstone belts in Mali, West Africa, including Oklo’s flagship Dandoko Project. B2Gold also noted “Significantly, B2Gold believes that approximately 65% of the resource is contained in soft oxidized material, which would be amenable to processing at B2Gold’s Fekola mill.”

“In early 2024, B2Gold released an updated technical study incorporating material from Dandoko and including a Maiden Reserve estimate for Dandoko. B2Gold anticipates the construction of a haul road from Dandoko to Fekola to allow for trucking of material from Dandoko to be processed at the Fekola Mill. The construction of a community road to the Dandoko area has commenced, with the mining haul road expected to be constructed in 2025. In the report, B2Gold highlight the potential for further exploration upside at various targets within the Dandoko License.”

New Reserve – Probable – 2.2Mt @ 3.22g/t for 230koz.

New Resource – Indicated – 8Mt @ 1.55g/t for 400koz. Inferred – 1.3Mt @ 0.79g/t for 34koz