New milestones for New Age Exploration

New Age Exploration (ASX:NAE) has announced substantial advancements in its exploration efforts for the quarter ending September 2024. The company has completed significant drilling programs at the Wagyu Gold Project in Western Australia, revealing promising mineralisation results. Meanwhile, preparations are underway for new exploration activities in New Zealand.

NAE's exploration strategy and future

New Age Exploration (ASX:NAE) has achieved notable progress in its exploration initiatives, particularly at the Wagyu Gold Project, where Phase 1 drilling revealed promising gold and silver mineralisation. The company is poised to expand its findings with Phase 2 results expected shortly. In New Zealand, NAE is gearing up for exploration at the Lammerlaw Gold and Antimony Project, with drilling set for early 2025. Additionally, the sale of the Lochinvar Coal Project has secured potential royalty income, allowing NAE to bolster its financial resources following a successful capital raise. Looking ahead, NAE plans to focus on developing its core gold and lithium assets in the Pilbara and New Zealand regions.

Executive insights on recent progress

The company is very pleased with the progress made during the quarter, particularly at the Wagyu Gold Project, where Phase 1 drilling has returned encouraging results. We remain focused on advancing our exploration activities and unlocking the potential of our assets.