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New Age Exploration confirms receipt of interest to divest non-core coal asset

The company is focused on the Redmoor Tin/Tungsten Project in the UK and the Otago Gold Project in New Zealand.
New Age recently intersected high-grade tin at Redmoor

New Age Exploration Ltd (ASX:NAE) has received a significant interest for the acquisition of its Lochinvar Coal Project in the UK.

The company is aiming to divest its coal asset and focus on the Redmoor Tin/Tungsten Project in the UK (50%-owned) and the Otago Gold Project in New Zealand, along with new project opportunities.

READ: New Age Exploration intersects tin grades up to 29.68% at Redmoor Tin-Tungsten Project

New Age recently intersected high-grade tin in the first hole of second-phase drilling at the Redmoor project.

The results provide further confirmation of improving grades at depth and are the highest-grade intercepts drilled at Redmoor.

Director resignation

New Age technical director Neil Hutchison has resigned as a director to meet new additional workload with alternate companies.

READ: New Age Exploration reports up to 0.66 ppm gold values in Otago, New Zealand

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