
January 30, 2025
Adavale Resources Limited (ASX:ADD) (“Adavale” or “the Company”) is pleased to report on its activities for the quarter ended 31 December 2024.
KEY HIGHLIGHTS
Parkes Gold and Copper Project, NSW
- All-scrip acquisition of 72.5% interest in the Parkes Gold and Copper Project located in the Lachlan Fold Belt of NSW, Australia
- Immediate focus on the London-Victoria Gold Mine, with historical estimates of 3.70Mt @ 1.04g/t Au for 124koz gold1
- Diamond drilling completed in November 2024 demonstrates potential 12m thick down-dip extension of the London-Victoria mineralisation
- Parkes Project acquisition was completed in January 2025 with the London- Victoria tenement EL7242 successfully renewed until November 2030
Uranium Exploration Activities, SA
- Cultural Heritage survey finalised at MacDonnell Creek (SA) with 2,000m Uranium drilling program expected to commence in Q2 2025
Corporate
- $1.675 million capital raising to professional and sophisticated investors with Directors and Officers co-investing ~$100,000 (over 6%) of the Placement to advance the Parkes Project announced during the quarter
- Mr. Allan Ritchie transitioned to Executive Chairman on 31 October 2024
- Adavale maintains a strong balance sheet following completion of the Tranche 2 Placement in January 2025
Adavale’s Executive Chairman and CEO, Mr. Allan Ritchie commented:
“The completion of both the Parkes Gold and Copper Project acquisition and recent Placement is a critical step forward for Adavale, with enough funding for exploration and drilling on the numerous highly prospective targets across our 4 licences located in the Lachlan Fold Belt, a Tier 1 mining jurisdiction. One of Adavale’s licences also includes the London Victoria historic mine with a historic resource of 124koz Au that Adavale will work on upgrading to JORC-qualifying status.
In addition, the Adavale team have just returned from a site visit and are very excited with the Parkes Project and the opportunity it presents to develop solid shareholder value and we look forward to providing regular updates from the Parkes Project throughout the exploration programs ahead.”
Parkes Gold and Copper Project (NSW)
During the quarter, Adavale announced the acquisition of a 72.5% interest in the Parkes Gold and Copper Project (“Parkes Project”) on 29 November 2024. The acquisition was completed in January 2025. Refer to ASX announcement dated 29 November 2024 for the terms of the acquisition.
The Parkes Project is located within the prolific gold and copper producing Macquarie Arc portion of the Lachlan Fold Belt in central NSW – hosting some of Australia’s most prolific gold and copper mines. The acquisition includes four exploration tenements that encompass a total of 395km2 in an area that is adjacent to the Northparkes copper gold-mine, as well as Cadia-Ridgeway – a world-class deposit for copper and gold mineralisation.
The Exploration Licences (‘EL’s’) are situated where Early Ordovician-age Junee-Narromine Volcanic Belt rocks of the western part of the Arc are intersected by the crustal-scale structural corridor of the Lachlan Transverse Zone (‘LTZ’). Significantly, the LTZ is host to Tier 1 gold and copper mines, such as Northparkes (5.2Moz Au & 4.4Mt Cu) and Cadia-Ridgeway (35.1Moz Au & 7.9Mt Cu) where it intersects Macquarie Arc rocks (Figure 1).
The Parkes Project’s most advanced prospect is the former London-Victoria Gold Mine which saw estimated historical production by BHP Gold and Hargraves of 200,000 to 250,000 ounces at a head grade of 1.5-2g/t Au. A Historical Estimate of 3.7Mt at 1.04g/t Au for 123.8koz Au was defined for London-Victoria.
At London-Victoria, it is intended to utilise the existing drillhole database, augmented by a small number of new well-targeted deeper holes, to estimate a Mineral Resource. This opportunity comes at relatively low cost and at a time of record gold prices. Recent diamond drilling at the mine intersected a 12m potential down-dip extension of the deposit to be confirmed with assay results expected soon.
In conjunction with the acquisition of the Project, Adavale received binding commitments to raise $1.675 million (before costs) through a placement to new and existing sophisticated and professional investors. Proceeds from the Placement will be used to accelerate exploration activities within the Parkes Project with a primarily focus on increasing and upgrading the London-Victoria resource to JORC-qualifying status.
Click here for the full ASX Release
This article includes content from Adavale Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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The Conversation (0)
12 May
Adavale Resources
Investor Insight
Adavale Resources’ transformative January 2025 acquisition of gold and copper assets in the prolific Lachlan Fold Belt in New South Wales puts the company on a growth trajectory, presenting a compelling investment opportunity for savvy investors.
Overview
Adavale Resources (ASX:ADD) is a dynamic junior exploration company primarily focused on its flagship gold and copper projects in New South Wales (NSW), within the prolific Lachlan Fold Belt. This portfolio spans 354.15 sq kmand comprises four tenements: EL7242, EL8830, EL8831 and EL9711. The acquisition of these assets represents a transformational opportunity, strategically positioning Adavale Resources in one of the world’s richest gold and copper belts.
Parkes Project in the Lachlan Fold Belt
In addition to gold and copper, Adavale boasts extensive uranium assets in South Australia and nickel projects in Tanzania. These diversified holdings place the company at the forefront of exploration across commodities critical for global industrial and technological advancement.
Adavale Resources is poised for significant growth as it advances its gold and uranium projects through strategic drilling programs in 2025. With a robust exploration pipeline, world-class assets in tier-one jurisdictions, and a leadership team aligned with shareholder interests, the company is well-positioned to capitalise on favourable commodity trends.
Company Highlights
- A junior explorer, with projects in tier-one jurisdictions; focused on gold and copper, Adavale also holds valuable uranium and nickel licences .
- The January 2025 acquisition of the Parkes project in the Lachlan Fold Belt, spanning 354.15 sq km, strategically positions Adavale to expand on the historic orogenic gold resource (124 koz gold) and make a major epithermal and/or porphyry gold and copper discovery in this tier-1 mining jurisdiction. The Lachlan Fold Belt assets are strategically located near world-class mining operations, including Cadia, Northparkes and Cowal.
- The company’s extensive uranium tenements span 4,959 sq km across the Flinders Ranges and Eyre Peninsula, regions known for hosting tier-one uranium deposits.
- Adavale’s nickel projects in Tanzania’s East African Nickel Belt are strategically located adjacent to the Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit.
- Drilling and resource-definition programs in 2025 will target key gold, copper and uranium assets, building on the company’s diversified growth strategy.
Key Projects
Gold and Copper – Lachlan Fold Belt, NSW
Adavale Resources recently acquired a 72.5 percent interest in the Parkes project, located in the highly prospective Lachlan Fold Belt of New South Wales. Adavale’s flagship project encompasses 354.15 sq km across four tenements in the Lachlan Fold Belt, a region that has produced over 80 million ounces (Moz) of gold and 13 million tonnes (Mt) of copper historically. The London-Victoria gold mine (EL7242) is a cornerstone of this portfolio, with historical production of 200,000 ounces of gold at an average grade of 2 grams per ton (g/t). London-Victoria (EL7242) also recently received a successful renewal until November 2030.
Exploration activity in 2024 included diamond drilling, which intersected a 12-meter-thick zone of quartz-carbonate veining and shearing, consistent with high-grade mineralisation seen in historical operations. Assay results from this program are pending and expected to provide critical insights for resource expansion.
In addition to the London-Victoria gold mine, the Ashes Prospect (EL8831) has returned high-grade rock chip samples, including results of 8.8 g/t gold and 5.5 percent copper. Similarly, the Birthday mine (EL8830) boasts historical grades averaging 11 g/t gold. The 2025 exploration strategy focuses on resource definition and advancing London-Victoria to JORC-compliant status, testing extensions, and unlocking additional mineralised zones at these prospects, supported by advanced geophysical and geochemical surveys.
Uranium – South Australia
Adavale holds 4,959 sq kmof uranium-rich tenements across the highly prospective Flinders Ranges outwash and Eyre Peninsula, regions known for hosting tier-1 uranium deposits. Historical drilling has revealed promising results, including intercepts of 1 metre at 263 parts per million (ppm) eU3O8 and 0.65 meters at 235 ppm eU3O8. These results underscore the region’s potential to host significant uranium resources.
The company is advancing its maiden 2,000 metre air core drilling program in Q1 of 2025, targeting paleochannel extensions and uranium redox boundaries, which have been identified through advanced geophysical surveys. Adavale’s uranium portfolio is particularly well-positioned to benefit from increasing global demand for uranium, driven by geopolitical factors, rising nuclear energy investment globally, and surging prices, which reached $106/lb in early 2024.
Nickel – East African Nickel Belt, Tanzania
Adavale’s nickel portfolio includes 1,315 sq km across 12 highly prospective exploration licences in Tanzania’s East African Nickel Belt. It is strategically located next to and along strike of the world-class Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit. Recent exploration at the Luhuma Central prospect has confirmed nickel sulphides in all five drill holes completed, with mineralisation trends extending southwest.
The company employs a combination of geophysical methods, including gravity, magnetics and Heli-EM surveys, to refine its understanding of subsurface structures and identify high-priority drill targets. Adavale’s ongoing exploration in this globally significant nickel belt is expected to build on recent successes, advancing resource definition and project development, making the company well-positioned to make a significant contribution to the global demand for battery metals.
Leadership Team
Allan Ritchie - Executive Chairman and CEO
Allan Ritchie is a seasoned executive with more than 30 years of experience in corporate finance and resource management, including as director and officer of ASX and HK listed companies. Ritchie’s distinguished career spans both the energy, resources, and investment banking sectors, and includes leadership roles in both private and publicly listed companies.
Ritchie has served as non-executive director of ASX listed Hydrocarbon Dynamics (ASX:HCD), and executive director and deputy CEO of HK listed energy group, EPI Holdings (0689.HKEX).
Ritchie’s investment banking background includes structuring commercial transactions in the energy and resources sector. Senior roles include positions within Westpac, ANZ Bank, HSBC and BNP Paribas in Australia, London, New York and Asia Pacific. His investment banking achievements have been recognised several times at the top of BRW’s annual poll of bankers.
Ritchie graduated from the University of Technology in Sydney in 1986 with a Bachelor of Business and subsequently attained a post graduate diploma in Applied Finance from the Financial Services Institute of Australia.
Maurice (Nic) Matich - Non-executive Director
Maurice (Nic) Matich is a mechanical engineer and finance professional with over 17 years’ experience in the resources sector. His wide industry experience includes the provision of engineering, risk consulting and insurance services to numerous tier-1 mining companies with operations in lithium, iron ore, mineral sands, gold and kaolin.
Matich previously served as managing director of Pinnacle Minerals (ASX:PIM) and executive director of Heavy Minerals (ASX:HVY), delivering both a maiden resource and scoping study (NPV8 $253M) for the Port Gregory project.
He holds a Bachelor of Engineering with Honours, Bachelor of Science (Phys/IT) and a graduate diploma in Applied Finance and is a graduate of the AICD.
David Ward - Non-executive Technical Director (Geologist)
David Ward is a seasoned geologist and mining industry executive with over 25 years of experience encompassing early-stage exploration, project development through to open pit and underground mining. For the last 8 years, he served as chief geologist of private company, Bacchus Resources. Ward was instrumental in defining over 950Koz of gold resources in the NT, while overseeing the development of other exploration assets in the NT, QLD and NSW. These assets were then incorporated into key projects for multiple ASX-listed exploration companies.
In addition to his success at Bacchus Resources, Ward has played key exploration and operational technical roles in several companies, including Newcrest Mining, as Production and Resource Definition Geologist for the Cadia Gold Mine and Clancy Exploration as senior exploration geologist overseeing porphyry and epithermal exploration in the Lachlan Fold Belt NSW.
Leonard Math - CFO & Company Secretary
Leonard Math is a chartered accountant with extensive experience managing financial operations for ASX listed resources companies. He graduated with a Bachelor of Business (double major in accounting and information systems) from Edith Cowan University in 2003 and became a chartered accountant in September, 2008. He has held multiple director, CFO and company secretary roles in the resources sector, most recently with Summit Minerals (ASX:SUM).
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Unlocking gold and copper in a Tier-1 mining jurisdiction, alongside a portfolio of uranium and nickel projects well positioned for the future.
04 July
Successful $2.65M Placement to Accelerate Parkes Drilling
04 July
Further prospect assessment at Parkes Project
29 June
High Priority Drill Targets Pegged at London Victoria Mine
19 June
Soil Assay Results show Porphyry Cu-Au Fertility at Ashes
8h
Targets Defined for Maiden Drill Program
9h
Quarterly Activities and Cashflow Report
10h
Aircore Doubles Lighthorse Strike Prompts RC Drilling
11h
Adrian Day: Gold Price Drivers Stacking Up, Any Pullback a Chance to Buy
Adrian Day, president of Adrian Day Asset Management, shares his latest thoughts on gold.
He also discusses the opportunity in gold stocks, saying that while as a group they're up 55 percent in last year, valuation metrics are lower than they were two years ago.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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11h
Gold Price Update: Q2 2025 in Review
After soaring to all-time highs during the first quarter of 2025, how could gold follow up during Q2?
By setting new price records, of course.
Tariff threats, financial uncertainty and geopolitical tensions all fueled the yellow metal's price rise during the second quarter of the year, which saw gold reach the US$3,500 per ounce mark for the first time.
While central banks continued to make gold purchases during the period, so too did retail investors, who shied away from US treasuries in favor of a more tangible safe-haven asset class.
What happened to the gold price in Q2?
Gold had an impressive run during the first quarter of the year, steadily rising from US$2,658.04 on January 2 to US$3,138.24 on April 2, leaving investors to wonder how much more gas was available for Q2.
Gold price, April 1 to July 10, 2025.
Chart via Trading Economics.
The price of gold started the second quarter on a downswing, falling below the US$3,000 mark by April 8, but quickly found momentum and soared to its quarterly high of US$3,434.40 on April 21.
It broke through the US$3,500 threshold briefly during the day’s trading session.
However, the gains were temporary, and gold once again fell; by May 1, it had dropped to US$3,237.30.
The metal saw a slight rebound to US$3,400.70 before the May meeting of the US Federal Reserve, but it came under pressure after that and had fallen to US$3,185 by May 14.
The end of May saw more tailwinds for the gold price, pushing it first to US$3,358 by May 23, then to US$3,381.70 by June 2. By the middle of the month, it was back to trading above US$3,400. Since that time, the precious metal has remained mainly above the US$3,300 level, closing the quarter at US$3,303.30 on June 30.
Tariff uncertainty helps boost gold price
The biggest story from the first quarter has carried over into the second quarter: tariffs.
Since the start of his second term in the Oval Office, US President Donald Trump has applied the threat of tariffs like a cudgel in trade talks with other countries. His long-held belief is that other nations, even longtime allies, are benefiting from trade with the US, while the US itself is facing detrimental effects.
During the first quarter of the year, the Trump administration levied tariff threats against Canada and Mexico. While most of his promised import fees were dialed back at the eleventh hour, a 25 percent tax was still applied to imports of Canadian steel and aluminum, as well as non-CUSMA-compliant automobiles and parts.
On April 2, Trump announced a broader set of tariffs on nearly every country in the world, regardless of trade status with the US. Dubbed “Liberation Day” by Trump, the executive order applied a baseline 10 percent fee to all imports from most countries to the US, plus significant reciprocal measures against countries with the largest trade deficits.
The new measures, set to be implemented on April 9, created panic among investors, causing a global market meltdown. Fear also spread to US debt holders, such as Japan and Canada, which began to sell US treasuries, pushing up the 10 year bond yield. Spooked investors rapidly flocked to gold, pushing the price to record highs above US$3,400.
In a June 19 interview with the Investing News Network (INN), Chris Temple, founder, editor and publisher of the National Investor, explained why the increasing bond yields drove gold prices higher.
“The bond market understands that Washington is so broken and the debt situation is so bad," he explained. "It varies in degrees compared to other countries, but everybody’s in the same boat. That’s why gold all of a sudden … gold is the safe haven now, even more than treasuries. And I don't think a lot of people every thought they'd see that again."
Ultimately, the stock market turmoil and the shift in bond market sentiment brought about a quick reversal from Trump, who paused his tariff plans for 90 days. Although the gold price showed signs of easing as market participants calmed, the metal remained high through the end of the quarter as uncertainty remained near the surface.
The pause was set to expire on July 9, but the White House announced a last-minute extension delaying the implementation of the tariffs on all but 14 countries, including Japan, South Korea and South Africa.
However, there are still underlying concerns.
The US-China trade war, which raged through much of the first half of the year, was put on hold on May 12 after tariffs between the two largest economies reached their peak, adding headwinds to the gold price. Up to that point, the US had levied a 145 percent import tax on Chinese goods while China had applied a 125 percent tax on US imports.
Although tensions have stabilized since the pause, on July 7, China warned the US against reigniting conflicts. China also said it would retaliate against any country that makes deals with the US to China’s detriment.
Geopolitical tensions erupt in the Middle East
Financial uncertainty was a key driver of the gold price through the second quarter as investors sought to diversify their portfolios amid a chaotic investment landscape, but it wasn’t the only factor.
Geopolitical tensions also played a significant role, particularly in the Middle East.
With the Israel-Gaza conflict now past 18 months, the larger fear was that it would spill into a broader regional war.
Those fears were stoked in late May, when there was speculation that Israel was preparing to attack nuclear facilities in Iran. The news helped pull gold out of monthly lows as more investors sought the safety of the metal.
Ultimately, the speculation was true — on June 12, Israel launched attacks against key nuclear sites in Iran, causing Iran to launch counterattacks against targets in Israel and providing further tailwinds for the gold price.
What's driving demand for gold?
Other support for the gold price came from continued purchases from central banks.
According to World Gold Council data, central banks bought 244 metric tons of gold in Q1. The amount was 24 percent higher than the five year quarterly average, but 9 percent lower than the average from the last three years.
In an email to INN, Julia Khandoshko, CEO of Mind Money, attributed the central bank buying to geopolitical tensions and trade issues, but also to relative weakness in the US dollar.
“A weaker US dollar, which has declined about 11 percent year-to-date, has made gold more attractive. With expectations of Fed rate cuts lowering real yields, gold became even more attractive as a non-yielding asset,” she said.
The largest first quarter gold buyers were the National Bank of Poland, which added 49 metric tons of the metal to its holdings, increasing its total to 497 metric tons. This was followed by the People’s Bank of China, which purchased 13 metric tons, bringing its reported gold reserves to 2,292 metric tons
In another report, the World Gold Council indicates that despite high prices, central banks continued to buy gold in May, albeit at a slightly reduced pace, with a net 20 metric tons entering their reserves.
But it’s not just central banks that are picking up gold.
“In the past, there has been relatively little involvement, even to now, from western retail investors in this move. This has been overwhelmingly led by central banks and large funds,” Temple said.
However, he noted a shift in buying on the back of wider interest, pointing to gold's popularity at Costco Wholesale (NASDAQ:COST), although he noted, "So far, this hasn’t moved the needle significantly."
Temple added, “Traditionally the big needle mover when you’ve got these larger swings in markets and market sentiment has come from investors who are buying exchange-traded funds (ETFs) and buying the larger gold stocks, and then ultimately working their way down the food chain and buying the better exploration stories. We finally started in recent months to see some of that where it's deserved. There have been some really nice moves."
This idea is echoed in the World Gold Council’s June ETF report, which indicates that ETF flows ended the first half of 2025 with the highest semiannual inflows since the first half of 2020.
The North American movement led the way, with more than US$4.8 billion entering the market in June, bringing the total for the first half of the year to US$21 billion. This was followed by US$2 billion in inflows in Europe, with its first half total reaching US$6 billion. Asian markets added US$610 million with a first-half record of US$11 billion.
Gold price forecast for 2025
The expectation is that the factors that drove the gold price in H1 are unlikely to go away soon.
Trump continues to kick the tariff question down the road. And although a ceasefire has been called between Israel and Iran, tensions in the region are still high. The conflict between Russia and Ukraine is ongoing, with Russia escalating attacks at the start of July, to the point of invoking Trump’s ire.
In an interview with INN on June 16, Jeffrey Christian, managing director at CPM Group, said he doesn’t see a typical summer ahead for the price of gold. He explained:
“We were thinking that by the time you got into June, July, August, not only would you have some seasonal weakness, but you’d also have a situation where financial markets might have calmed down and taken a less pessimistic outlook to the economy, simply because the initial shock of Trump policies was in there and had been digested. What we’re seeing is a prolongation of that shock period."
Financial uncertainty and conflicts were a theme echoed by Kandoshko.
She pointed to the July 9 — now August 1 — deadline for tariffs as a potential inflection point.
“This could spark another rally in gold prices if trade tensions escalate. I have a feeling that the existing tariffs will gradually push prices up, which might lead the Fed to hold off on cutting rates. In the grand scheme of things, higher inflation is likely to boost gold demand, especially from central banks,” Kandoshko said.
She also believes a weak US dollar will likely be a boon for gold, making it more attractive to overseas buyers.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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12h
Finding Gold: Exploring New Zealand’s Next Big Discovery
Despite its rich mining legacy, New Zealand remains one of the most underexplored frontiers for gold in the developed world. Now, with advanced exploration tools and a new generation of explorers, the country is emerging as a hotbed of untapped investment opportunity.
Modern exploration activities and promising geologies across the country may offer indications of where New Zealand’s next big gold discovery could be.
Golden legacy
New Zealand's gold-mining history dates back to the 19th century, with historic rushes in Otago and the Coromandel regions. Two standout deposits have cemented the country's credentials — the Martha mine near OceanaGold's (TSX:OGC,OTCQX:OCAND) Waihi operations, and the Macraes mine in Otago, also operated by OceanaGold. Macraes is the country’s largest active gold mine, producing more than 5 million ounces since 1990. Meanwhile, the Martha underground mine continues to yield ore from epithermal gold-silver veins that were first mined in the 1880s.
These cornerstone projects reflect two dominant geological settings in New Zealand: orogenic gold systems in Otago and epithermal deposits in the North Island. Yet despite this foundation, much of the country's gold-rich terrain remains untouched by modern exploration.
Leveraging underexplored regions
New Zealand’s reputation as a politically stable, low-risk jurisdiction makes it a compelling place for mineral exploration. But it is the vast areas of underexplored ground that are drawing fresh interest.
In particular, Southland and Central Otago have emerged as areas of growing excitement. These southern regions are underlain by the same prospective terranes as the Macraes deposit but have seen limited drilling and modern geophysical work. Sparse population, favorable land access and existing infrastructure further bolster their potential.
These multiple factors — geology, infrastructure and technology — make a compelling proposition for these regions as the likely location for the next generation of new gold discoveries.
Today’s explorers in New Zealand are armed with advanced geophysical surveys, structural modeling and machine learning algorithms that help refine drill targeting and reduce risk.
Companies like Rua Gold (CSE:RUA,OTCQB:NZAUF), Santana Minerals (ASX:SMI) and New Age Exploration (ASX:NAE) are leading the charge. Rua is targeting high-grade epithermal systems in the North Island.
Santana has seen encouraging drill results at its Rise and Shine project in Otago. Meanwhile, NAE is focused on Central Otago and is applying new tools to revisit overlooked terrain.
Investment spotlight: New Age Exploration
NAE is strategically building a district-scale gold exploration presence in New Zealand, underpinned by advanced technical execution and an experienced board. Its focus spans two highly prospective regions: the Otago South gold project and the Marlborough project — both located within historically mineral-rich but underdrilled terrains.
The Otago project lies within the Otago Schist Belt — home to the Macraes mine — a region widely regarded as one of New Zealand’s most underexplored playgrounds for orogenic gold. NAE holds a substantial tenement package exceeding 1,000 square kilometers, covering a contiguous stretch that incorporates priority targets such as Lammerlaw, Otago Pioneer Quartz (OPQ) and Manorburn. These areas were selected based on historic workings, strong soil and rock-chip geochemistry, as well as structural/geophysical anomalies indicative of Macraes-style mineralization.
At Lammerlaw, the company completed five reverse circulation holes (totaling 458 meters) in its maiden drilling program. The campaign successfully intersected sulfide-mineralized shear zones and quartz veining typical of high-grade schist-hosted systems. These results align with regional structural trends, and NAE has prudently secured EP 61110 (Waipori) to expand control along the same structural corridor. Results from this first-phase drilling are pending, with a planned Phase 2 drilling campaign slated for early 2026 — targeting newly defined or previously inaccessible zones.
The broader Otago package also includes the OPQ project, which hosts a 6 kilometer gold-bearing shear zone with surface rock-chip grades exceeding 1.4 grams per tonne gold, and the recent addition of the Manorburn permit (approximately 222 square kilometers) adjacent to Santana Minerals’ Bendigo-Ophir discovery, further expanding NAE’s control to approximately 558 square kilometers in the Otago schist belt.
To complement Otago’s high-grade potential, NAE also secured the Marlborough project, encompassing 499 square kilometers within the Marlborough Schist Belt, considered a structural analogue to Otago but previously underexplored. This project diversifies NAE’s exposure and supports a multi-pronged gold discovery strategy.
Driving NAE’s strategy is chairman Alan Broome AM, a highly regarded figure in the Australian mining industry with more than four decades of experience across mining, technology and government advisory roles. A former director of multiple ASX-listed resource companies, Broome brings deep insight into project development and strategic leadership.
Complementing this is a superb local technical team led by Kerry Gordon, a New Zealand-based geologist with extensive experience in Otago-style gold systems, and James Pope, a structural geologist with a deep understanding of the region’s mineralization controls.
Investor takeaway
With New Zealand on the verge of new and significant gold discoveries, investors looking to evaluate early-stage success in the country’s exploration sector should watch for:
- High-resolution geophysical anomalies aligned with shear zones or known fault systems.
- Soil or rock chip assays that detect gold pathfinders like arsenic, antimony or tungsten.
- Drill intercepts with visible sulfide mineralization or quartz vein textures.
- Permit expansion and land consolidation, which point to long-term development strategy.
- Teams with clear communication and technical expertise — an area where NAE stands out.
With favorable geology, strong project economics and world-class leadership teams, New Zealand is quickly becoming a global focus for orogenic and epithermal gold exploration. For investors seeking discovery-stage exposure with substantial upside, early mover explorers may be writing the next great chapter in the country's gold story.
This INNSpired article is sponsored by New Age Exploration (ASX:NAE). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by New Age Exploration in order to help investors learn more about the company. New Age Exploration is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with New Age Exploration and seek advice from a qualified investment advisor.
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