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An update from New Age Exploration Limited ( (AU:NAE) ) is now available.
New Age Exploration Limited has successfully raised $1.6 million through a share placement to advance its exploration efforts at the Wagyu Gold Project in Central Pilbara, WA. The funds will support a 3,000-meter Reverse Circulation drilling program set to begin in March 2025, targeting gold mineralization depth and continuity, along with additional air core drilling planned for Q2 2025. This strategic move is expected to enhance the company’s understanding of mineralization controls and potentially increase the size and grade of future gold intercepts, positioning NAE favorably in the gold exploration sector.
More about New Age Exploration Limited
New Age Exploration Limited (ASX: NAE) is a company involved in the mining industry, focusing on exploration activities. Its primary project is the Wagyu Gold Project located in Central Pilbara, Western Australia, which aims to uncover high-grade gold deposits.
Current Market Cap: A$10.78M
For detailed information about NAE stock, go to TipRanks’ Stock Analysis page.