Oakajee : Annual Report to Shareholders

OAKAJEE CORPORATION LIMITED

ACN 123 084 453

CONTENTS

OAKAJEE CORPORATION LIMITED

ACN 123 084 453

CORPORATE DIRECTORY

OAKAJEE CORPORATION LIMITED

ACN 123 084 453

DIRECTORS' REPORT

The Directors present their report together with the consolidated financial statements of the Group comprising of Oakajee Corporation Limited ("Oakajee" or "the Company") and its subsidiaries for the year ended 30 June 2021. In order to comply with the provisions of the Corporations Act 2001, the Directors report is as follows.

The Board of Directors

The names and details of Directors who held office during or since the end of financial year and until the date of this report are as follows. Directors were in office for the entire period unless otherwise stated.

Mr Mark Jones (Managing Director)

Mr Jones was previously a Non-Executive Director (Private Clients) of Patersons Securities Limited, one of the largest stockbroking firms in Australia and is currently the Chairman of Santa Fe Minerals Limited. He has been instrumental in raising capital for many exploration companies from IPO to production and brings over 30 years' of mining and stock market experience. Mr Jones has been a Director of the Company since July 2008.

Other Current Directorships

Santa Fe Minerals Limited (since 27 May 2011)

Former Directorships in the Last Three Years

None

Mr Garry Thomas (Non-Executive Director)

Mr Thomas is a Civil Engineer with over 35 years' experience in civil construction, mine development and operations. He has been involved in the implementation of mining operations in Australia, Indonesia, Laos, Russia, Zimbabwe, Ghana, Zambia, South Africa, Algeria, Mexico and Mali.

He has managed the construction and commissioning of over 20 CIL/CIP, flotation and heap leach plants in Australasia, Russia and Africa as well as many plant upgrades.

Mr Thomas has been instrumental in the procurement and development of Elemental Minerals Limited's potash project in West Africa. He was also the founding Managing Director of Intermet Engineering Pty Limited, a minerals processing engineering Company, since its inception in Australia in 2001 to its sale in 2008.

Mr Thomas has been a Director of the Company since March 2012.

Other Current Directorships

Mithril Resources Ltd (since 17 August 2020)

Former Directorships in the Last Three Years

None

Mr Gary Watson (Non-Executive Director)

Mr Watson has over 16 years' of extensive experience in the resources, finance and energy infrastructure industries. He has worked in a number of different roles, with particular emphasis on technical and economic project evaluation.

Mr Watson has a unique view of the resources industry having worked in a variety of mining methods in iron ore, gold and nickel mines, coupled with his experience as an Equity Analyst at Canaccord Genuity. He holds a Bachelor of Commerce degree from Curtin University and is a CFA Charterholder. Mr Watson has been a Director of the Company since August 2017.

Other Current Directorships

None

Former Directorships in the Last Three Years

None

2 | P a g e

OAKAJEE CORPORATION LIMITED

ACN 123 084 453

DIRECTORS' REPORT

Mr Douglas Rose (Non-Executive Director)

Mr Rose is currently the Managing Director of Santa Fe Minerals Limited, an Australian gold and base metals exploration company. Mr Rose was previously a Private Client Adviser with Patersons Securities Limited. He holds a Bachelor of Commerce degree from Curtin University and has over 16 years' experience in the financial services industry. Mr Rose has been a Director of the Company since October 2018.

Other Current Directorships

Santa Fe Minerals Limited (since 1 July 2013)

Former Directorships in the Last Three Years

None

Company Secretary

Henko Vos - Appointed on 17 December 2020

Mr Vos is a member of the Australian Institute of Company Directors (AICD), the Governance Institute of Australia (GIA), and Chartered Accountants in Australia and New Zealand (CAANZ) with more than 20 years' experience working within public practice, specifically within the area of corporate services and audit and assurance both in Australia and South Africa. He holds similar secretarial roles in various other listed public companies in both industrial and resource sectors. He is a Director at Nexia Perth, a mid-tier corporate advisory and accounting practice.

Krystel Kirou - Resigned on 17 December 2020

Ms Kirou holds a Bachelor of Commerce from the University of Western Australia and has over 10 years' experience in financial reporting and corporate services. She is a member of CPA Australia and Governance Institute of Australia. Ms Kirou is an employee of Nexia Perth, a mid-tier corporate advisory and accounting practice, and has held similar secretarial roles in various other listed companies in the resources sector.

Review of Operations

Exploration Activities Update

During the period, Oakajee continued early stage exploration and preparation work across its Paynes Find Gold Project in Western Australia and its Birrindudu Nickel Project in the Northern Territory.

Figure 1 - Project location

3 | P a g e

This is an excerpt of the original content. To continue reading it, access the original document here.