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New Age Exploration Limited ( (AU:NAE) ) has issued an announcement.
New Age Exploration Limited has completed the sale of its Lochinvar Metallurgical Coal Project to Paladar Trading Ltd, allowing the company to concentrate on its core gold and lithium projects. This strategic move includes a royalty agreement that could potentially earn NAE up to A$15 million, enhancing its focus on promising assets in Western Australia and New Zealand, which are expected to offer significant growth and value creation opportunities.
More about New Age Exploration Limited
New Age Exploration Limited (NAE) is a company engaged in the exploration and development of mineral resources, focusing primarily on gold and lithium assets. The company operates in the Central Pilbara region of Western Australia and New Zealand, targeting significant growth opportunities in these areas.
Current Market Cap: A$8.12M
Learn more about NAE stock on TipRanks’ Stock Analysis page.