NAE.ASX: Lammerlaw Phase 2 Drilling Nears Completion

Lammerlaw Phase 2 Drilling Nears Completion

Stock	New Age Exploration Ltd (NAE.ASX)
Release Time	26 May 2026, 9:24 a.m.
Price Sensitive	Yes

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Lammerlaw Phase 2 Drilling Nears Completion

Key Points

Phase 2 RC drilling at Lammerlaw resumed and is progressing well
Approximately 800m of drilling completed as of 24 May 2026
Two diamond core holes intersected targeted shear zone with visible sulphides
Assay results pending, expected during Q2 2026

Full Summary

New Age Exploration (ASX: NAE) has resumed and is nearing completion of Phase 2 Reverse Circulation (RC) and diamond drilling at the Lammerlaw Gold-Antimony Project in Otago, New Zealand. As of 24 May 2026, approximately 800 meters of drilling has been completed, consisting of 640.1 meters of RC and 146.7 meters of diamond core. The drilling program follows the Company's maiden Phase 1 drilling completed in April 2025. Diamond core holes were drilled to test shear zone mineralisation around LAM RC13, the most significant intersection from the maiden program. Drilling was temporarily paused but has since resumed, with completion expected within a week, subject to weather and ground conditions. Assay results are pending, with samples to be submitted progressively and results expected during Q2 2026.