New acquisition of Wagyu Gold Project in Central Pilbara, WA

New Age Exploration (ASX: $NAE) has successfully completed the Mineral Rights and Tenement Sale Agreement with Holcim (Australia) Pty Ltd for the Wagyu Gold Project, E47/2974, located in the Central Pilbara. The project is strategically positioned approximately 9km from De Grey Mining's Hemi Gold Deposit and midway between the Hemi and Withnell Gold Deposits. NAE's detailed regional geophysical review identified the Wagyu Gold Project as a significant area of interest, leading to immediate follow-up work using further exploration techniques to refine drill targets.

Executive commentary on Wagyu Gold Project acquisition

We are very pleased to confirm the successful acquisition of the Wagyu Gold Project, a venture that presents an exceptional opportunity for gold exploration, situated directly along strike from the Hemi Gold Deposit - the largest gold find in the Pilbara region to date. This acquisition significantly enhances our Pilbara footprint and aligns with our strategy of securing the most promising exploration tenure in the Central Pilbara. The endeavour to secure the Project has been underway for quite some time, and we are all extremely excited to commence the exploration.

Summary of Wagyu Gold Project acquisition and outlook

New Age Exploration (ASX: $NAE) has completed the acquisition of the highly prospective Wagyu Gold Project, strategically located in the Central Pilbara. The project's proximity to significant gold deposits positions it as a promising opportunity for exploration. The company's immediate follow-up work using advanced exploration techniques reflects its commitment to refining drill targets and maximizing the potential of the Wagyu Gold Project. With the successful acquisition, NAE aims to further strengthen its presence in the Pilbara region and pursue its strategy of securing promising exploration tenure. The company looks forward to providing updates on the progress towards drilling and remains committed to delivering value through strategic acquisitions and exploration efforts.