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NEW AGE EXPLORATION LIMITED

ASX: NAE

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Description

New Age Exploration is an Australian-based coking coal focused Company with its flagship project being the Lochinvar Coking Coal Project in the United Kingdom.

NAE was granted the Lochinvar Coking Coal Project in June 2012. The Company has rapidly advanced the project with the initial JORC Inferred Resource of 112 million tonnes released in October 2013 and followed up by the granting of the Lochinvar South Project Lease in February 2014.

The Lochinvar Scoping Study was completed in October 2014. This study has confirmed a low cost and long life project based on a longwall mining operation delivering a low ash high volatile coking coal at high yields into the UK and European steel industry. The Project is well served by extensive infrastructure including rail within 1km providing access to multiple ports and steelworks.

In addition, NAE has defined a Maiden Inferred Resource at its Redmoor Tin-Tungsten Project in south east Cornwall, UK. The Company acquired a 100% beneficial interest in the Redmoor Project in October 2012.

Mine For

coal, coking coal, tin tungsten

Location of operation(s)

United Kingdom

Address

Level 3 480 Collins Street
MELBOURNE, VIC, AUSTRALIA

Phone

+613 8610 6494

Email

Website


Last Updated

18/5/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.