Overview of New Age Exploration's recent activities

New Age Exploration Limited (ASX: $NAE) has released its March 2024 Quarterly Activities Report, highlighting the acquisition of the Wagyu Gold Project in Central Pilbara, WA. The company secured the Wagyu Gold Project through the completion of a Mineral Rights and Tenement Sale Agreement with Holcim (Australia) Pty Ltd. The project, located in the well-endowed gold region of the Central Pilbara, offers promising potential and is strategically positioned near existing tenure operated by De Grey Mining (ASX: $DEG). New Age Exploration has initiated immediate follow-up work, including geophysical and geochemical exploration techniques, to refine drill targets and advance exploration.

Insight into the Wagyu Gold Project and exploration activities

The Company is pleased to have secured the Wagyu Gold Project, which represents a significant opportunity in the Central Pilbara region. The completion of the Mineral Rights Agreement with Holcim marks a key milestone for NAE. The Wagyu Gold Project is strategically located near established gold deposits and offers substantial potential for exploration and development. We have already commenced on-site exploration activities, including Gravity Survey, Passive Seismic Survey, and soil sampling, aimed at refining priority drill targets. Our focus is on employing a combination of geophysical techniques and Ultrafine soil sampling to identify the most prospective targets for further exploration. We are also in the process of clarifying assay results and refining our reporting methods to ensure accurate and transparent disclosure of findings.

Summary of NAE's recent developments and outlook

New Age Exploration's acquisition of the Wagyu Gold Project and the commencement of exploration activities mark significant progress for the company. The strategic location of the project, adjacent to established gold deposits, presents promising opportunities for NAE. The company's focus on employing advanced exploration techniques and refining reporting methods demonstrates its commitment to transparent and accurate disclosure of findings. With cash reserves of A$2.194m as of 31 March 2024, NAE is well-positioned to continue its exploration activities and pursue its corporate objectives. The upcoming comparative analysis of assay results and the planned drilling activities indicate an optimistic outlook for the company's exploration efforts in the Central Pilbara region.