Oakajee (OKJ) investor relations material

Executive summary

• Q1 focused on Paynes Find regional exploration; 38 aircore holes identified a probable 1,000m NW-trending gold-mineralised zone, open in both directions.

• Quarter-end liquid assets were $3.177m, including $3.108m in listed investments and $68,517 cash; reported cash funding runway was 0.32 quarters.

Financial highlights

• Operating cash outflow was $215k, including $87k for expensed exploration, $56k for staff costs and $72k for administration and corporate costs.

• Investing cash inflow was $178k; cash and cash equivalents fell from $106k at the start of the period to $69k at quarter end.

• Listed shareholdings were 11.0m Santa Fe Minerals shares and 3.6m Asara Resources shares; total listed investments were valued at $3.108m at quarter end.

Outlook and guidance

• Operating costs and overheads vary with exploration activity; similar cash flows and operational costs were expected for the foreseeable future.

• No fundraising had commenced; additional equity issuance was considered available if required, with full placement capacity under Listing Rules 7.1 and 7.1A.

• Management said listed investments could be monetised and discretionary expenditure reduced to support operations; directors expressed confidence in raising equity if needed.