New Age Exploration Confirms High-Grade Gold Discovery at Wagyu Project

New Age Exploration Strikes High-Grade Gold at Wagyu: 11.0 g/t Intercept Confirms Intrusion-Related System

New Age Exploration (ASX: NAE) has delivered impressive results from its latest drilling campaign at the Wagyu Gold Project, with final assay results from a 4,034-metre reverse circulation (RC) programme confirming the presence of a significant intrusion-related gold system. The standout result of 4 metres @ 11.0 g/t Au from 120m depth in hole 25WR058 represents a substantial high-grade gold discovery by New Age Exploration Ltd that validates the company's exploration model.

The drilling campaign targeted extensions to previously identified gold mineralisation at Target 10, with results demonstrating that the mineralised footprint continues to expand eastwards. Furthermore, primary mineralisation has been confirmed below 100m depth, indicating the system extends well beyond the near-surface supergene zone.

Target 10 Delivers Consistent High-Grade Results

The latest drilling has produced multiple significant intersections that demonstrate the robust nature of the mineralised system. This high-grade gold discovery by New Age Exploration Ltd builds upon previous promising results, establishing Target 10 as a priority exploration area within the broader Wagyu system.

Key Intersections Include:

• 4m @ 11.0 g/t Au from 120m (25WR058)
• 9m @ 1.39 g/t Au from 76m (25WR044)
• 8m @ 1.24 g/t Au from 24m (25WR061)
• 10m @ 1.12 g/t Au from 80m (25WR062)
• 4m @ 1.8 g/t Au from 104m (25WR062)

These results build upon previously reported significant intersections, including an 18m @ 1.47 g/t Au from 48m in the same hole that delivered the 11.0 g/t Au intersection. In addition, this demonstrates continuity of mineralisation both vertically and laterally.

Understanding Intrusion-Related Gold Systems

Intrusion-related gold systems represent some of the world's most significant gold deposits, characterised by their association with intermediate to felsic intrusive rocks and distinctive alteration patterns. These systems typically display broad zones of moderate to high-grade gold mineralisation rather than narrow, high-grade veins.

Key characteristics of intrusion-related systems include:

• Association with intermediate intrusive lithologies (diorite, quartz-diorite)
• Presence of quartz veining and sulphide minerals
• Strong arsenic association
• Broad mineralised envelopes around intrusive bodies

The Wagyu system displays all these characteristics, with gold mineralisation consistently associated with altered intrusive lithologies, quartz veining, and elevated arsenic levels. Moreover, the strong arsenic correlation in the high-grade zones (ranging from 3,400 to 7,600 ppm) provides additional confidence in the intrusion-related model.

These geological formations develop when hot, mineral-rich fluids associated with intrusive magma create extensive alteration zones in surrounding rocks. The process concentrates precious metals over broad areas, creating large-scale mineralised systems with excellent exploration potential.

CEO Commentary on the Discovery

"These results continue to expand the gold mineralised footprint at Wagyu and strengthen our interpretation of an intrusion-related gold system similar in style to Hemi. The drilling continues to encounter all the key components of a large mineral system – diorite intrusions, intense alteration and gold mineralisation." – Kirby Johnson, CEO

Strategic Location Within the Hemi Corridor

Wagyu's position within the Mallina Basin gold corridor cannot be overstated. Located just 5 kilometres west of Northern Star Resources' Hemi Gold Deposit, which contains 11.2 million ounces of gold, Wagyu sits within one of Australia's most prolific gold districts.

The Mallina Basin corridor hosts several major gold deposits, with the region's geology characterised by favourable structural and lithological controls. Furthermore, this high-grade gold discovery by New Age Exploration Ltd demonstrates that the geological processes responsible for the Hemi deposit extend across the broader regional corridor.

Wagyu's geological setting mirrors that of Hemi, with both projects featuring:

• Intermediate intrusive bodies (diorite/quartz-diorite)
• Similar structural orientations
• Comparable alteration assemblages
• Intrusion-related mineralisation styles

Next Phase: Comprehensive Data Integration and Expansion

New Age Exploration has outlined a systematic approach to advancing Wagyu, recognising the scale of opportunity that has emerged from the latest drilling results. The high-grade gold discovery by New Age Exploration Ltd has prompted the company to consider a more comprehensive exploration strategy.

What Are the Immediate Next Steps?

1. Data Integration Exercise – Comprehensive analysis of two years of exploration data including geology, geochemistry, geophysics (magnetics, gravity, seismic) and drilling results

2. Mineral System Modelling – Development of detailed geological models incorporating the distribution of intrusions, alteration zones, and mineralisation patterns

3. Drill Programme Planning – Design of RC and diamond drilling programmes targeting:

• Eastern extensions of Target 10
• Deeper drilling across the entire project
• Testing of additional geophysical targets

The company has indicated it is considering all options given the scale of the warranted drilling campaign. However, this suggests potential for strategic partnerships or funding arrangements to accelerate development.

Investment Thesis: Proximity to Tier-1 Discovery

Wagyu represents a compelling investment opportunity based on several key factors. The recent high-grade gold discovery by New Age Exploration Ltd validates the geological model and positions the company as the closest pure-play exposure to the prolific Hemi corridor.

What Makes Wagyu Strategically Unique?

Unique Strategic Position:

• Closest exploration project to the 11.2Moz Hemi deposit
• Proven geological continuity within the same mineralised corridor
• Similar intrusion-related system characteristics

Strong Technical Foundation:

• Multiple high-grade intersections confirming system potential
• Expanding mineralised footprint with depth extensions confirmed
• Robust geological model supported by comprehensive datasets

Exploration Upside:

• Large-scale system with significant untested areas
• Multiple target areas identified from geophysical surveys
• Potential for Hemi-scale discovery given geological similarities

The 11.0 g/t Au intersection provides crucial validation that Wagyu has the "right juice" for a large and rich system, as noted by CEO Kirby Johnson. Furthermore, this grade tenor, combined with the broader moderate-grade intersections, aligns with the exploration model for intrusion-related systems.

Why Investors Should Track New Age Exploration

New Age Exploration has positioned itself as the closest pure-play exposure to the Hemi gold corridor, with Wagyu representing a unique opportunity to participate in potential discovery within one of Australia's premier gold districts.

Key Investment Catalysts:

• Scarcity Value: Wagyu is physically closer to Hemi than any other exploration project in the market
• Proven System: Consistent high-grade results confirming large-scale potential
• Technical Validation: Intrusion-related model supported by geological evidence
• Expansion Potential: Mineralisation extending eastward toward Hemi corridor
• Strategic Options: Company considering partnerships given scale of opportunity

The combination of high-grade results, strategic location, and proven geological model positions New Age Exploration as a compelling growth story within the Australian gold sector. In addition, the company's proximity to the 11.2 million ounce Hemi deposit provides exceptional leverage to one of the country's most significant gold discoveries.

Key Takeaway

"With Wagyu confirmed as an intrusion-related gold system similar to the 11.2Moz Hemi deposit and located just 5km away, New Age Exploration offers investors rare exposure to potential discovery within Australia's most significant gold corridor. The latest high-grade results validate the large-scale system potential, making NAE a compelling tracking opportunity."

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