The company is focused on the Redmoor Tin/Tungsten Project in the UK and the Otago Gold Project in New Zealand.
() 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.
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.
New Age technical director Neil Hutchison has resigned as a director to meet new additional workload with alternate companies.
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