New Age Exploration Reports High-Grade Gold Results up to 15.6g/t at Wagyu Project, Central Pilbara, WA

HIGHLIGHTS

• Resampling of Phase 2 air core drilling confirms further significant gold intercepts at the Wagyu Gold Project in Central Pilbara, Western Australia
• Assay Results show a substantial increase in the number of significant intercepts to 16, with several drillholes showing multiple zones of gold mineralisation
• Updated significant gold intercepts at Wagyu include:
  • 4m @ 5.3g/t from 49m downhole depth in 24WA225
    • Including 2m @ 9.3g/t from 49m downhole depth
    • Including 1m @ 15.6g/t from 50m downhole depth
  • 1m @ 4.5g/t from 29m downhole depth in 24WA223
  • 1m @ 2.5g/t from 19m downhole depth in 24WA219
  • 2m @ 2.7g/t from 11m downhole depth in 24WA229
  • 2m @ 1.7g/t from 33m downhole depth in 24WA228
  • 1m @ 1.8g/t from 25m downhole depth in 24WA233
  • 2m @ 1.1 g/t from 42m downhole depth in 24WA233
  • 3m @ 1.5 g/t from 36m downhole depth in 24WA234
• RC Drilling to commence in March 2025 to follow up high-priority targets
• The Wagyu Gold Project is located in the Central Pilbara’s fast-emerging Tier 1 gold region, adjoining De Grey Mining (ASX:DEG) tenure containing its ~11.2 Moz Hemi Gold deposit¹

New Age Exploration (ASX: NAE) (NAE or the Company) is pleased to announce the receipt of assay results from the resampling of the Phase 2 air core drilling campaign at its highly prospective Wagyu Gold Project. The assay results from 1m resamples confirm additional significant and mineralised gold occurrences across multiple intervals, further validating the potential of the Wagyu Project as a gold-mineralised system.

NAE Executive Director Joshua Wellisch commented: “These results further validate the extent and continuity of gold mineralisation at Wagyu. With high-grade intersections emerging across multiple drillholes, we’re eager to accelerate to the next exploration phase with RC drilling. The proximity of Wagyu to De Grey’s world-class Hemi deposit adds further confidence in our strategy.

The upcoming RC drilling program will focus on extending known mineralised zones at depth and testing new high-priority targets identified through the recent resampling results. Additionally, we will incorporate multi-element geochemistry to enhance our understanding of the controls on gold mineralisation at Wagyu. Our team is dedicated to a systematic and results-driven approach, aiming to rapidly advance the project towards mineral resource estimation.”

Learn more about New Age Exploration here: https://nae.net.au/

Read the ASX Announcement here: High-Grade Gold Drill Results up to 15.6g/t at Wagyu Gold Project Central Pilbara, Western Australia

¹ 14 Nov 2024 – ASX:DEG Hemi Gold Project Mineral Resource Estimate (MRE) 2024

Joshua Wellisch | Executive Director

+61 3 9614 0600
joshua@nae.net.au

Mark Flynn | Investor Relations

+61 416 068 733
mark.flynn@nae.net.au