Canada’s B2Gold has announced that it has entered into an agreement with gold miner Oklo Resources pursuant to which B2Gold agreed to acquire 100% of the fully paid ordinary shares of Oklo, with the transaction valued at about A$91.3 million (US$65.5 million).
The acquisition of Oklo is to provide B2Gold with an additional land-holding of some 1,405 square kilometres, comprising "highly pro-spective greenstone belts in Mali, West Africa, including Oklo's flag-ship Dandoko Project," B2Gold said in a statement.
"The Oklo properties are located on a subparallel, north-trending structure east of the prolific Senegal-Mali Shear Zone, approximately 25 kilometres from the Fekola Mine and approximately 25 kilometres from the Anaconda area, where B2Gold is currently conducting a 2022 Mali drill program of approximately 225,000 metres of drilling with a budget of US$35.5 million," according to the statement.