Board Change • Jan 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director James Max Willis was the last independent director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 21
Mr Albers and his Associates agreed to acquire remaining 39.981094% stake in Octanex Limited (ASX:OXX) from Sabah International Petroleum Ltd. for AUD0.207 million. Mr Albers and his Associates agreed to acquire remaining 39.981094% stake in Octanex Limited (ASX:OXX) from Sabah International Petroleum Ltd. for AUD0.207 million on January 20, 2023. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director James Max Willis was the last independent director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 25
Octanex Limited, Annual General Meeting, Nov 25, 2022 Octanex Limited, Annual General Meeting, Nov 25, 2022, at 12:00 AUS Eastern Standard Time. Agenda: To consider Adoption of the Remuneration Report for the year ended 30 June 2022; To consider the re-election of E.G. Albers as a Director of the Company; to consider Remuneration Report. Board Change • Oct 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director James Max Willis was the last independent director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director James Max Willis was the last independent director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jul 26
Octanex Limited Provides East Yilgarn Projects Update Octanex Limited provided a update to shareholders following a strategic review conducted in respect to the Company's East Yilgarn tenement interests. Located in the Burtville Terrane (between the Kurnalpi and Yamarna Terranes), Octanex's East Yilgarn tenements cover areas that have previously had little modern exploration. With the belief that the new era of Tier 1 gold deposits are likely to be under cover, and encouraged by high- grade gold discoveries at Gruyere and Tropicana to the east, Octanex has pursued a gold- focussed exploration program. The tenement areas have extremely limited outcrop, and are dominated by broad expanses of transported aeolian sand planes and dunes with smaller islands of residual lateritic soils and granitic outcrop. Four separate wide-spaced lag sampling programs have been completed in 2020 - 2021 with the objective of defining structural targets with favourable geochemistry for subsequent infill geochemistry (aircore/RAB) drilling in order to define potential targets. The highest value returned from the lag sampling programs was 5ppb gold. Based on the lag sampling results, Octanex's consultant geologist interpreted gold values of 1ppb or higher as anomalous and by plotting percentile contours, interpreted low level gold anomalies with kilometric-scale extent centred on or adjacent to interpreted geophysical linear structures. consultant geologist's recommendation following the fourth lag sampling campaign was for further reconnaissance and infill surface lag sampling. Octanex decided to undertake a strategic review of its acreage before proceeding with further geochemical sampling, conscious that compelling targets for aircore/RAB drilling had not been defined after four lag sampling programs, at significant expense. Given the size of the granitoid terrane within the tenements, rare earth element (REE) and pegmatite-related mineralisation (eg lithium) was also considered. The lack of outcrop in the tenement areas posed a significant challenge for geological interpretation and targetting. Accordingly the review integrated numerous datasets including geophysics, geology, geochronology and topography as well as new high resolution WorldView- 3 satellite imagery and spectral study over the northern half of the tenements. The review also integrated new spatial Accelerated Geoscience Program (AGP) datasets released by the Geological Survey of Western Australia (GSWA) in 2021; the Far East Yilgarn (FEY) dataset and the Critical Minerals datasets. The FEY dataset covers much of the tenement areas and includes new whole rock data, an extensive geochemistry compilation and a new major crustal boundaries layer which integrates the most recent geophysical data with current understanding of the geological evolution of Western Australia. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director James Max Willis was the last independent director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 30
Octanex Limited Shares to Be Deleted from Other OTC Octanex Limited's shares will be deleted from other OTC effective from January 31, 2022 due to Inactive Security. Announcement • Aug 13
Octanex Limited Announces New Geochemical Lag Sampling Results Continue to Identify Kilometric-Scale Clusters of Low-Level Gold Anomalism at its Sefton Gold Project in the Eastern Goldfields of Western Australia Octanex Limited announced new geochemical lag sampling results that continue to identify kilometric-scale clusters of low-level gold anomalism at its Sefton Gold Project in the Eastern Goldfields of Western Australia. Octanex's 2,585km2 Sefton Project is located in the Burtville Terrane (between the Kurnalpi and Yamarna Terranes) and covers an area that has previously had very little modern exploration. The Company considers this area highly prospective for the discovery of a major gold resource. Octanex's 2,585km2 Sefton Project is located in the Burtville Terrane (between the Kurnalpi and Yamarna Terranes) and covers an area that has previously had very little modern exploration. The Company considers this area highly prospective for the discovery of a major gold resource. The Eastern Goldfields is known for its gold endowment with substantial gold discoveries (including AngloGold Ashanti's Sunrise Dam mine, and Gold Field's Granny Smith mine) occurring in the same NNE-SSW trending greenstone belts. The Terranes to the east of Laverton have been underexplored for gold, with the majority of historical exploration concentrating on nickel in the 1960s and 1970s. The granitoid-hosted Gruyere deposit and granite-gneiss-hosted Tropicana deposit demonstrate the prospectivity of the far eastern terranes with additional potential for large gold deposits to still exist under cover The Sefton Project has limited outcrop, with the area dominated by broad expanses of transported aeolian sand planes and dunes with smaller islands of residual lateritic soils and granitic outcrop exposed around the base of dissected laterite breakaways forming low hill ranges. Octanex considers that the bedrock geology of its Sefton Project is likely to include more than the regionally mapped metamorphic granite-gneiss suites. It has the potential to also contain sheared granite and greenstone enclaves along structures such as the shear zone associated with the Sefton Lineament (the most well know major fault zones traversing the Project area). Octanex's exploration strategy is to define structural targets with favourable geochemistry for subsequent infill geochemistry (aircore/RAB) drilling in order to define drill targets. Low detection limit geochemistry (identification of coincident multi-element pathfinders and gold) in conjunction with the interpretation of geophysical data is being used to identify mineralised structures. Targets for ground geological reconnaissance and geochemical sampling were generated using a compilation of regional and project geophysical data prepared for Octanex by specialist geophysicist consultants, Resources Potentials. This included data from high resolution airborne magnetic, radiometric and digital elevation (DEM) surveys, as well as regional gravity survey data. Various processing filters were applied to the magnetic data to assist with interpretation and targeting. The Company has identified large regional NNW-SSE trending structures that have the potential to carry ore-bearing fluids into the surrounding bedrock. These structures can be highly prospective for mineralisation and will be a point of interest for future exploration. Announcement • Jun 03
Octanex Limited Announces That Two New Exploration Licences, E38/3417 and E38/3418, Have Been Granted At the Company's Sefton Project Octanex Limited announced that two new exploration licences, E38/3417 and E38/3418, have been granted at the Company's Sefton Project. The Sefton Project is located in the Great Victoria Desert between the Laverton and Yamarna Greenstone Belts, in the Eastern Goldfields province of Western Australia. It is now made up of five granted tenements covering approximately 2,105 km2. An additional 480km2 is still under application with respect to the Sefton Project. This prospective package of ground has had very little modern exploration. In addition, three new exploration licences have been applied for, covering an area of 1,357km 2. This area, named the Hope Campbell Project, is located to the southeast (and is continuous to) the Sefton Project. Many of the structures, interpreted from the regional magnetics, that run through the Sefton Project area appear to continue into this new area. A regional lag sampling program is currently underway across the Sefton Project. This sampling is expanding on previous reconnaissance sampling into untested areas and infill sampling around the known areas of anomalism. Previous lag sampling in the area returned anomalous gold results and identified 6 anomalous areas with greater than 1.5ppb gold. The field crew have reported that the Lag sampling is progressing well. The modified "postie-bikes" allow the samplers to access remote sample sites through difficult terrain. Octanex's near-term objective is to identify areas of anomalous geochemistry along structural trends, that will be targets for follow up geochemical evaluation, and potential drill testing in the longer-term. Announcement • May 05
Octanex Limited announced that it expects to receive AUD 0.75 million in funding Octanex Limited (ASX:OXX) announced a private placement of 15,000,000 common shares at an issue price of AUD 0.05 per share for gross proceeds of AUD 7,500,000 on May 5, 2021. The company also issued 7,500,000 options exercisable at $0.075 with expiry date 30th April, 2023. The transaction included participation from sophisticated and professional investors. The transaction is expected to close on May 7, 2021. Announcement • Apr 27
Octanex Limited Announces Sefton Project Exploration Update Octanex Limited announced encouraging results from initial regional reconnaissance exploration activities at its Sefton Project located 75km to the east of Laverton in the Eastern Goldfields province of Western Australia. Octanex's 2,587km2 Sefton Project is located in the Great Victoria Desert between the Laverton and
Yamarna Greenstone Belts, in the Eastern Goldfields province of Western Australia. It is comprised of three granted licences covering approximately 928 km2 as well as a further 1,658km2 under application. This prospective package of ground has had very little modern exploration. The Company believes there is potential for the discovery of a major gold resource proximal to major structures traversing its Sefton Project area. The Mt Sefton lineament is the most well-known major fault zone traversing the Sefton Project area. World class gold mines and deposits in the neighbouring regions include Sunrise Dam (10Moz gold), Granny
Smith (2.5Moz gold) and a suite of other nearby deposits to the west in the Laverton greenstone belt (with combined resources of 25Moz gold). The granitoid-hosted Gruyere deposit (6Moz gold) is located to the east in the Dorothy Hills Belt (Yamarna greenstone belt) and the granite-gneiss-hosted Tropicana deposit
(7.5Moz gold) is located to the southeast in the Albany-Fraser province. There is also exploration potential for nickel-copper sulphides and nickel-copper laterite associated with ultramafic enclaves. Although, the focus is gold, the company maintains an opportunistic multicommodity approach to its exploration. Octanex's near-term objective is target generation to identify priority structural targets for early drill and geochemical evaluation. Although focussing principally on high calibre targets that could present opportunities for the discovery of world class gold resources quickly and cheaply, the company's structural focus also creates opportunity to synchronously locate shear-associated intrusions that could have potential for other commodity elements including rare earth metals, niobium and tantalum. A compilation of available regional and project geophysical data was compiled for Octanex by specialist geophysicist consultants, Resources Potentials. This includes data from high resolution airborne magnetic, radiometric and digital elevation (DEM) surveys, as well as regional gravity survey data. Various processing filters were applied to the magnetic data to assist with interpretation and targeting. Bedrock outcrop is limited across the project area, which is dominated by broad expanses of transported aeolian sand plains and dunes with smaller islands of residual lateritic soils and granitic outcrop exposed around the base of dissected laterite breakaways forming low hill ranges. The bedrock is interpreted to be dominantly Archaean granite and granite gneiss with some small
greenstone enclaves. Major NNW-SSE and N-S shear zones, including the Sefton Lineament, traverse the project area. Lag is located in areas where the ground surface has a veneer of siliceous and/or ferruginous stony material. This material is predominantly bedrock-derived (despite severe modification by prolonged
weathering) and can be selectively sampled and analysed as an indicator of bedrock geochemistry. In lag sampling, particles in the range 2.06.0 mm are screened on site from the unconsolidated surface material and send to the laboratory for analysis. Many of the elements assayed only exist in very low levels. 