New Age Exploration’s main focus is securing mineral resource investment opportunities which have the potential to add significant value to shareholders and to deliver on the Company’s strategic objective: “To focus on mineral resource projects with a view to identifying economically attractive deposits of sufficient grade and size to provide sustainable returns to shareholders”. NAE is currently focused on building a portfolio of coal projects in Colombia and has recently acquired two concessions in the world class Cesar Basin, where a conceptual exploration target of 200-800 million tonnes of export quality thermal coal has been identified. As part of its ongoing strategy NAE continues to evaluate a number of projects in Colombia and elsewhere which will add value to the Company’s portfolio.
New Age Exploration (ASX:NAE)
Company Directors
Mr Adrien Wing (Director)
Mr Edwin Stoyle (Director)
Mr Gary Fietz (Managing Director)
Mr Gavan Rice (Director)
Contact Information
Phone: +613 9614 0600
Website:

Address
Level 17 500 Collins Street Melbourne, VIC, Australia, 3000
Media Releases
Successful Acquisition of First Colombian Coking Coal Project
27 Jul,2011 10:52 AM

New Age Exploration Limited (“NAE” or “the Company”) is pleased to announce that it has entered into a binding agreement to acquire 100% of the rights to the JBI-11091 exploration and mining concession application within the Subachoque Syncline, which is host to high quality hard coking coal deposits in Cundinamarca, Colombia. The Subachoque Syncline is located  approximately 40km north-east of Bogota.

This acquisition, completed through the NAE-Aurora Partnership, represents NAE's first coking coal project in Colombia, adding to its portfolio of recently acquired thermal coal projects in the Cesar Basin.


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