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New Age Exploration (ASX: NAE) continues progressing significantly at the Wagyu Gold Project in Central Pilbara, WA. The reverse circulation drill program is advancing as planned, with six holes completed at Target 6 and reaching target depth in all cases. The drill rig is now being mobilized to Target 10, a high-priority area where the company aims to confirm further gold mineralization extensions. These efforts build on promising results from previous Air Core drilling, reinforcing NAE’s systematic exploration approach.
NAE has raised AU$ 360 K through a share placement, matching the terms of its previous capital raise. This funding will support the ongoing expansion of drilling activities and additional exploration initiatives. Strengthening its technical leadership, the company has appointed Peter Thompson as Chief Geologist, who will play a pivotal role in directing exploration efforts during this crucial phase. With strong investor backing, NAE remains committed to unlocking Wagyu’s full potential.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
