Oakajee (OKJ) Q3 2025 TU earnings summary

Executive summary

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

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

• The company is considering an Aircore drilling program to better test the Deep Well target, pending permits and contractor availability.

• Assessment of other potential gold exploration projects is ongoing.

Financial highlights

• Liquid assets at quarter end totaled $1,551,215, including $331,215 in cash and $1,220,000 in listed shares.

• Net cash used in operating activities for the quarter was $103,000; for the nine months, $351,000.

• Cash and cash equivalents at quarter end were $331,000, down from $434,000 in the previous quarter.

• Payments to related parties during the quarter amounted to $50,360, covering director fees and superannuation.

Outlook and guidance

• Aircore drilling is planned to address limitations of previous auger drilling at Deep Well, subject to permitting and contractor availability.

• Estimated quarters of funding available is 3.21, indicating sufficient liquidity for near-term operations.