Oakajee (OKJ) H1 2025 earnings summary

Executive summary

• Continued regional exploration at Paynes Find project in Western Australia, focusing on auger drilling and sampling at Banks and Deep Well targets.

• Exploration results were generally disappointing, with low gold and copper values attributed to insufficient penetration of alluvial cover.

• No significant changes in the state of affairs during the half-year.

Financial highlights

• Net loss after tax for the half-year was $285,165, compared to $377,590 loss in the same period last year.

• Total comprehensive loss was $186,165, improved from $269,590 year-over-year.

• Basic and diluted loss per share was 0.31 cents, compared to 0.41 cents in the prior year.

• Cash and cash equivalents at 31 December 2024 were $433,338, down from $682,537 at 30 June 2024.

• Equity investments in listed entities valued at $851,000, up from $752,000 at 30 June 2024.

Outlook and guidance

• Directors believe the company has sufficient funding to continue as a going concern, supported by cash and liquid equity investments.

• Ongoing assessment of additional gold exploration projects is planned.