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As announced on 18 January 2019, Oakajee Corporation Limited (the ‘Company’) has entered into binding
conditional purchase agreements to acquire The Paynes Find Gold Project in Western Australia (‘Acquisition’). The Company
also lodged two exploration licence applications covering parts of the Birrindudu Basin in the Northern Territory (Birrindudu Nickel Project).
The Paynes Find Gold Project covers 112km2 of ground within the Paynes Find Greenstone Belt in Western Australia.
The Paynes Find Gold Project is located adjacent to the Paynes Find settlement, approximately 455km by road northeast of Perth.
The land holding represents the second largest project area within the Paynes Find Greenstone Belt which has produced more than 72,000oz of gold.
The Company has also lodged two mineral exploration licence applications totalling 1,116km2 at Birrindudu in the Northern Territory.
The Birrindudu Nickel Project is about 650km SSW of Darwin, and about 250km east of Halls Creek. Previous drilling for gold within the
Birrindudu Nickel Project tenure has intersected rocks logged as serpentine-bearing (ex olivine) ultramafic intrusive rocks.
Anomalous Nickel/Copper/PGE assays were also recorded, however no deep drilling was undertaken.
At the Company’s General Meeting held on 24 April 2019, all resolutions in relation to the Acquisition were passed.
The Company lodged a Prospectus on 8 April 2019 and a Replacement Prospectus on 18 April 2019 in relation to the offer of
up to 30,000,000 Shares at an issue price of $0.08 each (together with one (1) free attaching Option for every one (1) Share subscribed
for and issued) to raise up to $2,400,000 (before costs) (Public Offer). The closing date for the Public
Offer is anticipated to be 5.00pm (WST) on 31 May 2019.
The Replacement Prospectus can be found here:
ReplacementProspectus
Birrindudu Mine Management Plan
Click here
to read the Birrindudu Mine Management Plan.
The Directors of Oakajee Corporation
Click here to read about the directors of Oakajee Corporation.
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