New Age Exploration Reveals New Shear-Hosted Gold Zone at Lammerlaw and Starts Wallah Field Program

Lammerlaw Project Delivers New Gold Discovery

New Age Exploration has wrapped up its Phase 2 RC and diamond drilling program at the Lammerlaw Gold-Antimony Project in Otago, New Zealand, completing a total of 1,511.7 metres across both phases. The highlight came from the Bella Prospect, where drill hole LAMRC015 intersected a broad 24-metre zone averaging 1.66 g/t gold starting from 54 metres depth. Within this, higher-grade intervals include 7 metres at 1.79 g/t and 6 metres at 2.9 g/t Au, alongside near-surface quartz veins returning 11 metres at 4.5 g/t Au, featuring a standout 1-metre section grading 19 g/t.

The discovery marks a new shear-hosted gold mineralisation style distinct from the previously recognised sub-vertical quartz veins in the area, expanding the potential of the Lammerlaw Mineral Trend, a tectonic-stratigraphic package extending over 5 kilometres. The diamond core tail of LAMDT015 confirmed mineralisation continuing beyond 95 metres, with assays pending, signalling the shear zone remains open at depth.

Wallah Silver Project Acquisition and Exploration Kickoff

In Australia, New Age Exploration completed its acquisition of Sun Pacific Resources, gaining 100% ownership of the Wallah Silver Project in New South Wales. Following licence renewal, the company mobilised its technical team post-quarter to commence the first on-ground field exploration activities, including detailed mapping and infill soil sampling at high-priority targets.

Drill-site permitting for the maiden Phase 1 program is in progress, with applications lodged and drilling contractor evaluations underway. The company is also reprocessing historical geophysical and geochemical datasets to refine drill targets ahead of planned Phase 2 drilling in late Q3 2026. The project covers approximately 10 kilometres of vein-alteration zones, with notable historic high-grade silver and lead production from the Walla Walla Silver-Lead Mine.

Wagyu Gold Project Advances with Geophysical Survey Plans

At the Wagyu Gold Project in the Pilbara, Western Australia, New Age Exploration continues to interpret the Phase 2 RC drilling results, focusing on Target 10 within the Hemi-style intrusive system. The area has demonstrated high-grade gold intercepts, including 4 metres at 11.0 g/t Au, with mineralisation open at depth and along strike.

The company has engaged a ground geophysics crew to conduct an induced polarisation (IP) survey, aiming to generate direct drill targets for upcoming campaigns. Wagyu’s proximity to Northern Star Resources’ 13.2 million-ounce Hemi Gold Deposit adds geological interest, although the company cautions that analogies to Hemi are conceptual.

Financial Position and Next Steps

New Age Exploration reported cash reserves of $1.6 million at the end of June 2026, supporting ongoing exploration across its key projects. Related party payments during the quarter were limited to director fees and associated salaries.

Looking ahead, the company awaits assay results for the pending Lammerlaw drill holes, including the diamond tail of LAMDT015 and 14 other holes expected in Q3 2026. At Wallah, the focus will be on completing soil sampling, finalising drill targets, securing permits, and initiating the maiden drilling program. Meanwhile, the Wagyu project’s geophysical survey outcomes will guide further drilling strategies.