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New Age Exploration Ltd.

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Summary

Project:

Redmoor

Deposit:Redmoor
Location:United Kingdom
Commodities:Tungsten-Tin-Copper
Date:2/14/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Pre-Feasibility Study
Report details:14-2-2019: New Age Exploration Ltd. announces a Resource Estimation report for its Redmoor deposit at the Redmoor project. Updated mineral resource estimate at the project. New Age Exploration Limited (ASX:NAE) is pleased to announce the results of an upd
Resources:(Resource, Inf.): 11.7Mt @ 0.56% WO3, 0.16% Sn, 0.50% Cu
CP/QP:[Resources]: Paul Gribble (Geologica UK)
ABSTRACT:New Age Exploration Limited (ASX:NAE) is pleased to announce the results of an updated mineral resource estimate for its Redmoor Tin-Tungsten Project in the UK, undertaken through its 50% owned joint venture vehicle, Cornwall Resources Limited (“CRL”). The updated Mineral Resource Estimate has been completed by external consultants Geologica (UK), following the completion of CRL’s successful 12-hole 2018 diamond drilling program, aimed at expanding the Redmoor resource. NAE Director Joshua Wellisch commented “The updated Redmoor Inferred Mineral Resource further establishes the project as a deposit of global significance. The 1.17% Sn Eq resource grade places the project in an outstanding competitive position relative to other new tin and tungsten projects around the world. The result of the resource update is consistent with the increased grades seen through the 2018 drill program and provides an extremely strong base on which the project will be advanced from this year”.

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