New Age Exploration (ASX:NAE) has successfully completed a capital raise of $1.75 million through a share placement. The funds will be directed towards exploration activities at the Wagyu Gold Project in Western Australia and the Lammerlaw Gold and Antimony Project in New Zealand.
New Age Exploration has raised $1.75 million to support its exploration projects in Australia and New Zealand. The Wagyu Gold Project, strategically located near De Grey Mining's Hemi Gold deposit, has shown promising results with ongoing drilling. In New Zealand, the Lammerlaw Project is set to explore mineral anomalies with drilling scheduled for early 2025. The funds will enable the company to pursue high-priority drill targets, aligning with the global demand for gold and critical minerals. This capital injection reflects NAE's commitment to expanding its resource base and exploration success.
The capital raise is a significant step in advancing our exploration activities at key projects. We are excited about the potential these projects hold in regions known for substantial gold discoveries.