NAE 0.00% 0.5¢ new age exploration limited

Ann: Redmoor 2018 Resource Update, page-194

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  1. 8,981 Posts.
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    just had a great chat with Gary. so big tick on the public profile discussion. He gets it and is going to kick over some rocks to see what they can commence as their jv partner sml is very active on it. looking at another news platform too.

    very confident with everything. so other stuff...He wanted me to manage my expectations on the scoping study and metallurgy as they have been conducted on inferred resource. this means the asx wont let them publish effectively. hes chatting with lawyers to see what they have to strip out or what they can provide to the asx. at the moment they are internal documents but he was very postive and confident to progress the project.

    he also stressed that the independent body that reviewed their work for the inferred resource wouldnt let them join up the veins in assessing the deposit size as the drill gaps were over 100+ meters. despite the fact that the manner in which they drilled indicated a continuous seam. so he is very confident that the resource size is larger but requires further drilling to confirm.

    wanted to also point out the enourmous mineral rights tenements they have in the area. focus is to get something up and running then go exploring.

    drilling to kick off in june. such a positive conversation.
 
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