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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
8 Jul 2026 9:03AM
Price at Release
$0.002
Full Release
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Summary
New Age Exploration Limited (NAE) has commenced field exploration activities at its 100%-owned Wallah Silver Project in the Lachlan Fold Belt of south-central New South Wales, Australia. Following the acquisition of the project and securing ownership, NAE is advancing an inaugural exploration program targeting high-grade silver-rich polymetallic vein and low-grade tin mineralisation styles. The Phase 1 drilling includes finalisation of drill targets at the historic Walla Walla Mine and receiving proposals from multiple drilling contractors. The company's technical team is undertaking field mapping and infill soil sampling, with plans for a Phase 2 drilling scheduled for late Q3 2026. The project presents significant exploration upside, as less than 10% of the licence area has been systematically explored. Key milestones include completing soil sampling and field mapping, finalising a drill targeting model, and appointing a drilling contractor.
Key Points
  • Field exploration activities have commenced at Wallah Silver Project.
  • NAE has secured 100% ownership of the project.
  • Phase 1 drilling to target high-grade silver mineralisation.
  • Technical team is conducting field mapping and soil sampling.
  • The project covers 10km of largely untested vein alteration zones.
  • Less than 10% of the licence area has been explored.
  • Phase 2 drilling is planned for late Q3 2026.
  • Key milestones include completing soil sampling and appointing a drilling contractor.
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.