Description: OAKAJEE CORPORATION LIMITED provides the extract, manufacture, supply building materials, retail housing, commercial land development, industrial sectors in Australia with focus on reconstituted limestone products. Our premises can be found in East Perth, Western Australia.
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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.