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Oakajee Corporation Limited (ASX:OKJ)

ALERT: Price-sensitive ASX Announcement for OKJ
Current share price for OKJ : $0.043 0.003 (7.50%)+
Announcement
Release
31 Jul 2026 12:51PM
Price at Release
$0.040
Full Release
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Summary
Oakajee Corporation Limited's quarterly report details ongoing exploration activities at Paynes Find in Western Australia, focusing on a newly identified gold mineralisation zone. Despite delays due to rig availability, drilling is planned to continue. The company maintains a solid financial position with substantial liquid assets and is prepared to manage expenditures and explore fundraising options if necessary to ensure the continuation of its operations.
Key Points
  • Oakajee Corporation Limited (OKJ) conducted regional exploration at the Paynes Find project in Western Australia.
  • Significant planning and permitting were completed for additional AC drilling to follow up on a newly discovered gold zone.
  • The company faced delays in drilling due to rig availability but secured a rig to commence drilling on 1st August 2026.
  • The new gold mineralisation zone is open to the north, south, and west with a target strike length of approximately 2 km.
  • The company holds significant liquid assets with $106,359 in cash and investments valued at $3,400,000.
  • No fundraising activities were initiated but the company is confident in securing additional working capital if needed.
  • The company can reduce discretionary expenditure to conserve cash while exploring future capital raising options.
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.