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New Age Exploration Limited (ASX:NAE)

ALERT: Price-sensitive ASX Announcement for NAE
Current share price for NAE : $0.002 -0.001 (-33.33%)+
Announcement
Release
18 Mar 2026 9:08AM
Price at Release
$0.003
Full Release
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Summary
New Age Exploration Limited (NAE) has commenced Phase 2 of their drilling program at the Lammerlaw Gold-Antimony Project in Otago, New Zealand. This phase involves a follow-up Reverse Circulation (RC) drilling spanning 1,000-1,200 meters, targeting extensions of a shear zone identified in the initial phase. The project aims to explore potential Macraes-style mineralisation, with the current drilling focusing on previously untested trends and further defining mineralisation around drillhole LamRC013. This phase represents a continuation from the successful maiden drilling campaign, intended to delineate mineralised trends and test for higher-grade shoots within the system.
Key Points
  • Phase 2 drilling of 1,000-1,200 meters underway at Lammerlaw Gold-Antimony Project.
  • Targeting extensions of shear zone from initial phase.
  • Project aims to identify Macraes-style mineralisation.
  • Drilling focuses on untested trends and around drillhole LamRC013.
  • Continuation from successful maiden drilling campaign.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.