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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 (-20%)+
Announcement
Release
28 Aug 2025 9:18AM
Price at Release
$0.003
Full Release
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Summary
New Age Exploration Limited (NAE) announced the confirmation of Hemi-style intrusives at its 100%-owned Wagyu Gold Project, located in the Pilbara, Western Australia. Geological mapping and rock chip sampling have identified high-priority gold targets with similarities to De Grey Mining’s Hemi deposit, confirming the presence of mineralised intrusive bodies across multiple tenement targets at Wagyu. The company reported strong gold and arsenic anomalies, with further exploration efforts including detailed mapping, geochemical sampling, and geophysical surveys planned to refine drill targets. The announcement highlights NAE's strategic focus on systematic exploration and the potential for significant gold discoveries within the underexplored Mallina Basin.
Key Points
  • NAE confirmed Hemi-style mineralised intrusives at the Wagyu Gold Project in Western Australia.
  • Rock chip sampling and mapping have identified priority gold targets resembling De Grey Mining’s Hemi deposit.
  • Strong gold and arsenic anomalies were detected over multiple tenements.
  • The company is planning further exploration including mapping, geochemical sampling, and geophysical surveys.
  • NAE aims to refine drill targets and unlock the gold potential of the Mallina Basin.
  • The Wagyu Gold Project is 100% owned by NAE and is located in an underexplored region.
  • This work aligns with NAE’s strategic focus on systematic gold exploration.
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.