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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 (0%)+
Announcement
Release
30 Jun 2026 2:26PM
Price at Release
$0.002
Full Release
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Summary
New Age Exploration Limited has successfully acquired the Wallah Silver Project in New South Wales, finalizing a transaction that includes acquiring all shares of Sun Pacific Resources Pty Ltd for a combination of cash and share issuance. Additional milestone payments are planned contingent on exploration successes. The project, located within the mineral-rich Lachlan Fold Belt, is expected to significantly contribute to NAE's project portfolio with its potential for high-grade silver and lead mineralization. The company plans to start a detailed exploration program to further investigate the area's mineralization potential, thus enhancing their diversified mining interests in Australia and New Zealand.
Key Points
  • New Age Exploration Limited has completed the acquisition of the Wallah Silver Project in New South Wales.
  • The acquisition involved a cash payment and share issuance to acquire 100% of Sun Pacific Resources Pty Ltd.
  • Milestone payments totaling additional cash and shares are contingent on specific exploration achievements.
  • A 1% net smelter royalty is retained by Sun Pacific Resources, with a buyback option held by NAE.
  • The Wallah Silver Project is located in the Lachlan Fold Belt and is highly prospective for silver mineralization.
  • Historical mining and recent drilling indicate significant silver and lead mineralization in the area.
  • NAE plans a comprehensive exploration program, including data reprocessing and drilling to define targets.
  • The project expands NAE’s portfolio, complementing its other gold projects in Australia and New Zealand.
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.