(ASX: NAE) New Age Exploration Limited

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Globally diversified minerals and metals exploration and development company

New Age Exploration (ASX:NAE) is a globally diversified minerals and metals exploration and development company focused on high value projects.

The Company is based in Australia, with an advanced stage coking coal project in the United Kingdom, as well as an advancing gold exploration project in New Zealand.

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New Age Exploration Projects

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The Lochinvar Coking Coal Project is located on the Scottish and English borders. The project consists of three adjacent licences, which are 100% owned by NAE, known as Lochinvar, Lochinvar North, and Lochinvar South.

A total coking coal resource of 111 Mt comprising 49 Mt Indicated Resource and 62 Mt Inferred Resource has been defined on the Lochinvar licence with a further 108-206Mt Exploration Target over the 3 licences.

A Scoping Study was undertaken in 2014 and updated in 2017 demonstrating attractive economics for the project.

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NAE holds two 100% owned gold exploration permits in Otago, New Zealand:

  1. Lammerlaw Project (Prospecting Permit 60544) – a large 265km2 permit granted in December 2019 prospective for possible repetition of Macraes style (>10Moz), shear hosted gold targets in the southern part of the Otago Schist belt.
  2. Otago Pioneer Quartz Gold Exploration Project (Exploration Permit 60502) – ~6km long soil gold anomaly defined around the historic Otago Pioneer Quartz reef mined over 100 years ago averaging 2m wide, to a depth of 65m, over a strike length of at least 1,200m at an average of around 13 grams per tonne Au. Also prospective for Macraes style gold targets.
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Striving to achieve environmental best practice in all of our operations

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ACN: 004 749 508

  • Level 2, 480 Collins Street, Melbourne Vic 3000
  • +613 9614 5612

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