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
NEW AGE EXPLORATION LTD, UPDATE FOR CESAR THERMAL COAL PROJECTS - LA MIEL DRILLING
25 Jan,2012 10:09 AM

New Age Exploration Limited ("NAE" or "the Company") is pleased to announce the completion of seismic interpretation work at its Cesar Basin export thermal coal projects and the commencement of a tender program for a phased drilling program at the La Miel project.

Highlights

Seismic interpretation study has been completed for all Cesar Basin export thermal coal projects

Interpretation indicates that depth to top of target coal formation at La Miel (concession GJP-151) is between 400m and 800m

NAE has designed a phased drilling program at La Miel based upon this interpretation:
? Phase 1 - To confirm existence, thickness and quality of coal seams, with 3 open holed boreholes at La Miel
? Phase 2 - Subject to success of Phase 1, 4 cored and open hole boreholes with the aim of defining a JORC Inferred Resource at La Miel

Expressions of Interest for the La Miel drilling program were recently issued to shortlisted drilling contractors, with Phase 1 anticipated to commence in Q2 2012

NAE to advance the La Miel exploration program in parallel with its Terranova Stage 1 and Stage 2 Coking Coal Project.


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