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Oakajee Corporation Limited (ASX:OKJ)

ALERT: Price-sensitive ASX Announcement for OKJ
Current share price for OKJ : $0.049 0.007 (16.67%)+
Announcement
Release
6 Oct 2025 9:48AM
Price at Release
$0.042
Full Release
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Summary
Oakajee Corporation Limited has commenced an Aircore (AC) drilling program at the Paynes Find Gold Project in Western Australia. This initiative involves 28 drill holes spanning approximately 1500 meters to explore the Paynes Find South target, which had previously shown gold intersections. The drilling aims to infill and extend the known target area, with results expected by late December 2025. This project is located near the Paynes Find settlement and covers parts of the Paynes Find Greenstone Belt, an area historically known for producing over 72,000 ounces of gold. Mr. Reginald Beaton, an employee and a Competent Person from Oakajee, has compiled the exploration data, adhering to the Australian Code for Reporting of Exploration Results. The company is preparing to further assess the gold mineralisation trend, which remains open to the south.
Key Points
  • Drilling at Paynes Find Gold Project started by Oakajee Corporation.
  • 28 drill holes planned for about 1500 meters.
  • Target is Paynes Find South, previously intersected gold.
  • Program expected to complete in one week with results by late December.
  • Project located 455 km northeast of Perth in Western Australia.
  • Project covers parts of Paynes Find Greenstone Belt, known for historical gold production.
  • Mr. Reginald Beaton, a Competent Person, compiled the exploration data.
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.