I just received a investor presentation in the mail about the Lochinvar Coking Coal Project in the UK from NAE. Anybody else had a look?
They are offering an SPP at 4.0 cents per share closing on Friday 4th of April. They are basically estimating a resource of 112Mt of Coking coal.
Thought New Age Exploration deserved a quick update.
NAE is currently progressing gold projects in the Pilbara and New Zealand. A 40 hole (~2,800m) drilling program has just commenced at the Pilbara tenements targeting "Hemi Style" intrusive gold targets.
The tenements are located adjacent to DeGrey Mining's ground which hosts the >2.2m oz Mallina gold resources plus the Hemi deposits.
The New Zealand Projects (Lammerlaw Project and Otago Pioneer Quartz Project) are both at the soil/rock chip sampling and field mapping stage with work ongoing.
It's been a good 12 months for NAE. It will be interesting to see whether their Pilbara drilling campaign yields any results.