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
Agreement to Mechanise & Expand Terranova Hard Coking Coal Mine
10 Aug,2011 10:45 AM

Highlights

- Targeting hard coking coal production within 12 months - minimum design capacity of 300,000 tonnes per annum hard coking coal production

- NAE to mechanise and expand production at the Terranova hard coking coal mine (mining exploitation contract 887T) in Colombia - project team mobilised, scoping study underway

- Conceptual JORC Exploration Target of 4.7 – 5.8Mt of medium volatile hard coking coal

- Attractive entry cost of US$20,000 in cash and shares plus royalty payments of US$7-12/t  payable on saleable production

- Third successive coking coal transaction enhances NAE portfolio plus potential for material  synergies with existing coking coal assets in the Subachoque Syncline.


For further information please download PDF below: