Oakajee (OKJ) Q4 2026 TU earnings summary

Executive summary

• Continued regional exploration at the Paynes Find project in Western Australia, focusing on follow-up drilling of a newly discovered gold mineralisation zone.

• Planning and permitting for additional aircore (AC) drilling completed; drilling delayed due to rig availability but scheduled to commence 1 August 2026.

Financial highlights

• Held $3,506,359 in liquid assets at quarter end, including $106,359 in cash and $3,400,000 in listed shares.

• Net cash used in operating activities was $105,000 for the quarter and $497,000 for the year to date.

• Net cash from investing activities was $150,000 for the quarter, mainly from disposal of investments.

• Cash and cash equivalents at quarter end totaled $106,000.

Outlook and guidance

• Drilling program of approximately 50 holes for 1,900m planned to test a 1,000m strike length, with priority on infill and extension of known mineralisation.

• Operational costs expected to remain stable, but cash expenditures will increase in the September 2026 quarter due to the drilling program.

• Confident in ability to raise additional capital if required, with full placement capacity and $3.4m in listed investments available for monetisation.