OAKAJEE CORPORATION LIMITED announced that it has entered into binding conditional purchase agreements to acquire a combination of exploration, prospecting and mining licences and selected minerals rights across 112km 2 of ground within the Paynes Find Greenstone Belt in Western Australia (Acquisition). The Company has also lodged two exploration licence applications over 1,113km2 covering parts of the Birrindudu Basin in the Northern Territory that the Company believes has the potential to host magmatic nickel-copper-PGE sulphide mineralisation (Birrindudu Nickel Project). The Company notes that: the completion of the Acquisition requires shareholder approval under the Listing Rules and the Corporations Act and therefore may not proceed if the relevant approvals are not forthcoming; the Company is required to re-comply with ASX's requirements for admission and quotation and therefore the transaction may not proceed if those requirements are not met; and ASX has an absolute discretion in deciding whether or not to re-admit the company to the official list and to quote its securities and therefore the transaction may not proceed if ASX exercises that discretion. The Paynes Find Project covers an area of approximately 112km2 and comprises: an 80% interest in M59/549, P59/2075, P59/2083, P59/2085 and E59/2312; and an 80% interest in the non-lithium mineral rights in respect of E59/2092 and E59/2092, (together, the Paynes Find Tenements). The Paynes Find Tenements are 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 Paynes Find Project covers the south-eastern portion of the Paynes Find Greenstone Belt, one of eleven greenstone belts to make up the Murchison Province. The Paynes Find Belt covers an area of approximately 250km2. The Paynes Find Belt comprises a thick series of folded Archaean aged mafic to felsic volcanic rocks surrounded by basement granites and gneiss. The main rock types consist of interlayered basaltic and dacite, meta volcanics, ultramafic schists and metasediments and banded iron formations. Outcrop in the area is largely concealed by recent deposits of alluvium and laterite cover and scree. Structurally, the belt has undergone similar deformation events to other greenstone belts within the Murchison Province with multiple phases of folding and shearing. The Murchison Province hosts many significant gold deposits including the million-ounce gold camps at Big Bell, Mount Magnet (Hill 50), and Meekatharra, as well numerous smaller gold camps at Cue, Kirkalocka and Mount Gibson, and more locally at Rothay, Fields Find and Pinyalling.