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Oakajee Corporation Limited (ASX:OKJ)

ALERT: Price-sensitive ASX Announcement for OKJ
Current share price for OKJ : $0.046 -0.012 (-20.69%)+
Announcement
Release
31 Jul 2025 9:01AM
Price at Release
$0.058
Full Release
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Summary
Oakajee Corporation Limited’s quarterly report for the period ended 31 March 2023 details ongoing exploration activities at its Paynes Find Gold Project in Western Australia, including fieldwork, sampling, and review of previous drilling results, with preparations underway for further exploration. The company did not conduct any mining or production, maintained a cash balance of $1.35 million, and continued to assess other business opportunities in the resources sector. No tenements were acquired or relinquished, and no significant incidents were reported, with the company reaffirming its commitment to value creation through exploration and the evaluation of new prospects.
Key Points
  • Oakajee Corporation Limited (OKJ) provided its quarterly activities report along with the Appendix 5B (Quarterly Cashflow Report) for the quarter ended 31 March 2023.
  • OKJ’s primary activity focuses on mineral exploration, specifically at the Paynes Find Gold Project in Western Australia.
  • During the March quarter, the company continued exploration activities at Paynes Find, conducting geological mapping, soil and rock chip sampling, and data compilation.
  • Results from previous aircore drilling were reviewed, with plans for further drilling and geochemical sampling being developed based on these outcomes.
  • The company did not undertake any mining production or development activities during the quarter.
  • OKJ continued to assess new business opportunities in the resources sector, including reviewing potential acquisitions and joint ventures.
  • Corporate activities included ongoing management of working capital, with an end-of-quarter cash balance of approximately $1.35 million.
  • No mining tenements were acquired or relinquished during the reporting period.
  • There were no significant environmental or community incidents reported during the quarter.
  • The company remains focused on value generation through exploration and evaluation at its existing projects and strategic assessment of new prospects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.