The Lochinvar Project benefits substantially from being located in close proximity to all major infrastructure:
- Both the major London to Glasgow railway and motorway situated adjacent to the licence border
- A number of ports are accessible by road and rail
- Rail connections to UK steel mills
New Age Exploration has entered into 12 month Exclusivity Agreements with two key landowners, both of which having been identified as the possible position of the surface facilities for the Lochinvar underground mine. The Exclusivity Agreements, which hold the option to extend for a further 12 months, cover due diligence, surface access for drilling activities and subsequent negotiation of detailed terms in respect of an Option Agreement for lease/purchase of the required land. The Company has also signed a number of drilling access agreements.