New Age Exploration (ASX:NAE) is shaping a focused gold exploration story anchored by high-quality assets in tier-one jurisdictions across Western Australia and New Zealand. The company’s strategy is clear: target proven geological corridors and apply modern, cost-efficient exploration methods to uncover new zones of mineralization.
In Western Australia, New Age Exploration’s Wagyu Gold Project sits directly along strike from De Grey Mining’s Hemi discovery, now part of Northern Star Resources (ASX:NST). In New Zealand, its Lammerlaw and Otago Pioneer Quartz projects are positioned within the same regional structure that hosts OceanaGold’s (TSE:OGC) 5 Moz Macraes deposit and Santana Minerals’ (ASX:SMI) fast-growing Rise & Shine system.
Wagyu gold project location mapThe Wagyu Gold Project is New Age Exploration’s flagship asset, located in the highly prospective Central Pilbara region of Western Australia. Positioned between Northern Star’s 11.7 Moz Hemi deposit and the Withnell deposit within the Mallina Basin, Wagyu targets the same intrusive-style orogenic gold system. NAE holds a 136 sq km exploration licence (E47/2974) and has completed extensive early-stage work, including reinterpretation of geophysical data to identify Hemi-style intrusions and structurally hosted gold targets.
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As it advances its portfolio of gold assets in Western Australia’s prolific Pilbara gold province and New Zealand’s Otago Schist Belt, New Age Exploration presents a compelling investor value proposition, supported by a lean, discovery-driven strategy and an experienced technical team.
New Age Exploration (ASX:NAE) is building a pure-play gold exploration story centered on high-quality assets in tier-one jurisdictions in Western Australia and New Zealand. The company’s clear strategy is to operate in geological corridors already proven by major discoveries, while applying modern, cost-effective exploration techniques to define new zones of mineralization.
In Western Australia, the company’s Wagyu gold project is directly along strike from De Grey Mining’s Hemi discovery – now owned by Northern Star Resources (ASX:NST). In New Zealand, its projects - Lammerlaw and Otago Pioneer Quartz – lie within the same regional structure that hosts OceanaGold’s (TSE:OGC) 5 Moz Macraes deposit and Santana Minerals’ (ASX:SMI) rapidly growing Rise & Shine system.
With gold prices hovering at all-time highs, NAE’s approach favours technology-led targeting, rather than brute-force drilling campaigns, by using geophysics, geochemistry and passive seismic to zero in on structurally controlled gold systems with potential for scale.
All its projects are supported by local technical teams and seasoned exploration leadership, allowing concurrent progress and capital-efficient deployment. Recent programs at Wagyu and Lammerlaw have confirmed early-stage discoveries, and both assets are advancing through their next stages of drilling and target definition.
The Wagyu gold project is New Age Exploration’s flagship asset located in the highly prospective Central Pilbara region of Western Australia. The project is strategically situated between two major gold systems – Northern Star’s Hemi Gold Deposit (11.7 Moz gold resource) and the Withnell deposit – within the Mallina Basin, which hosts a similar intrusive-style orogenic gold mineralizing system. NAE holds exploration license E47/2974, which covers 136 sq km. Since acquiring the project, NAE has conducted extensive early-stage exploration, beginning with the reinterpretation of geophysical datasets, including airborne magnetics, radiometrics and satellite imagery, to delineate potential Hemi-style intrusions and structurally hosted gold targets.
Wagyu gold project location map
The company-initiated fieldwork in April 2024, completing soil sampling, gravity surveys and passive seismic geophysical surveys to refine drill targets. These efforts culminated in an extensive aircore drilling campaign (257 holes, over 7,000 m drilled), which identified a broad, crescent-shaped gold anomaly approximately 1.5 km in strike length. Notable results included intercepts such as 5.3 grams per ton (g/t) gold over 4 m (including 15.6 g/t gold over 1 m) and 2.7 g/t gold over 2 m. Encouraged by these results, the company completed its maiden RC program in March-April 2025, drilling 3,023 m across 33 holes targeting two high-priority gravity anomalies. Assays released in May 2025 confirmed a shallow oxide gold system and evidence of underlying mineralized structures, including 1.26 g/t gold over 5 m from 31 m (WRC029), 1.32 g/t gold over 3 m from 43 m (WRC031), and 1.44 g/t gold over 2 m from 83 m (WRC009). Numerous other holes returned mineralized intervals of 0.5 to 0.8 g/t over broad zones.
Importantly, geological logging and geophysical modeling support the presence of vertical feeder structures, interpreted as potential gold-bearing intrusions and fault-hosted "pipes," similar to Hemi’s discovery model. The Wagyu system remains open in all directions, with multiple untested gravity targets and deeper feeder zones yet to be explored. A follow-up RC campaign is planned for Q3/2025, focused on extending mineralization and chasing those deeper pipe-like structures beneath the supergene blanket.
Lammerlaw permit occurs in the southern limb of a regional fold feature characterised by a change in metamorphic grade from upper greenschist (purple) to lower greenschist (green).
The Lammerlaw gold and antimony project is located in the Otago Schist Belt, a prolific gold-bearing region in the South Island of New Zealand. The project spans 265 sq km and is held under Exploration Permit EP60807. The area is renowned for its historic gold production and geological similarity to OceanaGold’s Macraes Mine, New Zealand’s largest active gold mine with more than 5 Moz in resources. NAE acquired the project through a competitive acreage release and has since completed desktop studies, field mapping and geochemical sampling, which identified multiple 2 to 4 km-long gold-antimony soil anomalies aligned with historical workings.
During 2023-2024, the company identified nine high-priority drill targets based on soil geochemistry (gold, antimony, arsenic, tungsten), historic production data and structural mapping. NAE mobilized a Phase 1 RC drill program in early 2025, designed to test structurally hosted vein systems within both brittle and ductile deformation zones. This work confirmed the presence of gold and antimony mineralization in several targets, though results are still under review. Access to some targets is subject to Department of Conservation approvals, which the company is pursuing concurrently. A Phase 2 drill campaign is planned for Q1/2026, pending access approvals and final interpretation of current results.
Overview of prospects locations within the OPQ Gold Exploration Project.
The Otago Pioneer Quartz (OPQ) project is in Central Otago within the historic Gabriel’s Gully gold district, the epicenter of the 1860s Otago gold rush. The project lies within the same regional schist belt that hosts OceanaGold’s Macraes operation. NAE acquired the OPQ tenement to secure additional exposure to high-grade shear-hosted and orogenic gold systems in the Otago region. The area is characterized by low-sulphide gold quartz veins associated with greenschist facies metamorphic rocks and late-stage brittle faulting.
While still early-stage, the company has conducted preliminary soil sampling and mapping across the tenement to delineate mineralized structures. Historical records suggest significant past production from alluvial and hard-rock sources, though modern exploration has been minimal. Given its proximity to known gold-bearing shear zones and favourable host rocks, OPQ remains a high-priority, low-cost exploration asset for future campaigns.
Going forward, NAE intends to conduct detailed geochemical and structural mapping, followed by scout drilling at known historical workings. The project remains a capital-light optionality play with future drill programs dependent on results from Lammerlaw and Wagyu.
Alan Broome is a highly respected figure in the Australian mining industry with more than 40 years of experience across mining, metals and mining technology. A metallurgist by training, Broome has served as chairman and director of numerous ASX-listed and private companies, contributing to significant exploration and development successes. His leadership brings deep strategic insight and a proven track record in guiding discovery-stage companies through to project advancement.
A capital markets executive with deep ASX and venture experience, Joshua Wellisch leads strategic and operational execution for NAE’s projects. Wellisch is also currently a director of NRG Capital, specialising in capital raisings, corporate structuring and the facilitation of ASX listings and was formerly managing director of Kairos Minerals Limited.
Appointed in 2025, Peter Thompson brings 35+ years of exploration leadership including stints at Western Mining, Anaconda Nickel, and as CEO of St Barbara. He led redevelopment of Beaconsfield Gold Mine, spearheaded the acquisition, listing and development of the Karlawinda gold deposit and was instrumental in the discovery and advancement of large volcanogenic massive sulphide deposits in Mongolia.
James Pope is a highly experienced minerals sector professional with nearly 30 years in exploration, consulting and research across a broad range of commodities including gold, PGE, diamonds, base metals, coal and coal seam gas. He currently leads Strata Geoscience, a specialised geoscience consultancy based in Christchurch, New Zealand. Throughout his career, Pope has progressed from hands-on geological mapping and drill site supervision to leading multidisciplinary teams of up to 50 professionals delivering exploration, resource assessment, engineering and environmental services.
Kerry Gordon is a seasoned minerals sector professional with nearly 25 years of experience spanning exploration, resource development and operations. He is currently a principal at Strata Geoscience, and has worked across New Zealand, Australia, Papua New Guinea, Vietnam and Mongolia on projects involving gold, critical metals (antimony, tungsten), coal, coal seam gas, and conventional petroleum. Gordon is an expert at managing exploration programs in remote and technically demanding environments, with a strong focus on field-based geological techniques, complex drilling and downhole logging operations, and logistical coordination.
High potential for large-scale discovery in prolific gold regions in Western Australia and New Zealand
Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to announce it has entered into a new earn-in agreement as part of its broader regional exploration strategy to evaluate prospective gold bearing structural corridors in Côte d'Ivoire, West Africa.
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Figure 1: Location Map Yakassé Gold Project
Key Highlights
Edward Gosselin, CEO and Director of Kobo commented: "Our earn-in agreement on the Yakassé Project marks a meaningful step in Kobo's strategy to expand our exploration portfolio in one of Côte d'Ivoire's promising gold regions. This project sits within a structurally complex and underexplored area that has already returned high-grade results from past drilling by reputable operators. With its expected strong regional potential and well-developed infrastructure, the Yakassé Projec t aligns with our long-term growth strategy. Subject to the approval of the pending application, we look forward to advancing exploration on this project with Geoservices as we continue unlocking new opportunities alongside the development of our flagship Kossou Project ."
Geoservices – Earn-In Agreement Overview
Geoservices applied for a gold exploration license on February 23, 2021, in the Adzopé/Yakassé-Attobrou departments which was updated and its perimeter increased at Kobo's request from 67 km 2 to 74.06 km 2 on July 17, 2025. The application is in the vicinity of the Nesdave permit (PR-0973 73.5 km 2 ) which is covered by another earn-in agreement signed in February 2025 as well as to the Kuniboa application (18.3 km 2 ) located next to the Nesdave permit (see Figures 1 & 2).
Subject to Geoservices being granted a research permit for an initial four-year term, the Company and Geoservices will conduct the exploration activities. The Company has made an initial payment of C$20,000 upon the signing of the Geoservices Earn-In agreement following the update of the application. Another payment in the amount of C$10,000 will be made by the Company upon approval of the Application by the Interministerial Commission and a final payment of C$20,000 and, subject to the approval of the TSX Venture Exchange Inc., the issuance of 30,000 common shares of the Company to Geoservices upon it being granted by decree an exploration permit.
Once the exploration permit is issued by decree, the Company can acquire a 90% interest in the license over the first four years by investing a minimum of 295 million CFA F (approximately C$719,500). The first year requires an investment of 77 million CFA F or approximately C$187,800 to acquire an interest of 18% in the permit. The second year requires a minimum investment of 67 million CFA F (approximately C$163,400) to acquire an 19% interest in the exploration permit. The third year requires the Company to invest a minimum of 68 million CFA F (approximately C$165,853) for a 28% interest in the permit and the fourth year requires a minimal investment of 83 million CFA F (approximately C$202,400) for an additional 25% interest in the permit bringing the total to 90% over the four years.
In the event the Company elects to apply for an exploitation license (an " Exploitation License ") with respect to any of the properties covered under the Geoservices Earn-In Agreement , the Company and Geoservices will constitute a joint venture with respect to the exploitation of such property which will be held as to 81% by the Company, 9% by Geoservices and 10% by the Government of Côte d'Ivoire. The Company will be entitled to purchase, at any given time, from Geoservices an additional 4% interest in the joint venture for a cash payment of C$2.0 million.
The Geoservices Earn-In Agreemen t grants a 1% net smelter return (" NSR ") to Geoservices with the Company retaining the right to buy back 50% of such 1% NSR in consideration of a C$1.0 million payment. Following commissioning of facilities to commercially exploit a discovery, Geoservices will also be entitled to receive, subject to approval of the TSX Venture Exchange (" TSXV "), 350,000 common shares of the Company's share-capital.
Subject to approval from the TSXV, Kobo will issue 30,000 common shares to Geoservices upon Geoservices being granted by decree an exploration permit. Such common shares will be issued to Geoservices pursuant to an exemption from the prospectus requirements of applicable Canadian securities laws and will be subject to a hold period of four months and one day.
Yakassé Gold Project – Overview
The Yakassé Project is located approximately 100 km northeast of Abidjan and is easily accessible by paved and gravel roads. The 74.06 km² permit application lies within a highly prospective region characterized by NE-SW trending Birimian metavolcanic and metasedimentary units intruded by granitoids. Gold mineralization in the area is structurally controlled, associated with shear zones and quartz veining, and has been the focus of significant historic artisanal and small-scale mining activity.
Previous exploration by reputable operators, including, most recently, Newmont (2007–2010), outlined widespread gold anomalies and confirmed the potential for mineralized systems at the Yakassé Project . Newmont's work included extensive soil geochemistry, auger drilling, and over 3,500 metres (" m ") of reverse circulation (" RC ") drilling 1 . Several broad, near-surface gold intercepts were reported, including 44.0 m at 2.32 g/t Au , 48.0 m at 1.20 g/t Au , and 20.0 m at 1.69 g/t Au , highlighting the strong mineral potential associated with NE-SW trending shear zones. Importantly, the Company believes the structural trends observed at Yakassé may represent parallel systems to those present at its nearby Nesdave permit and Kuniboa application, underscoring the broader regional opportunity to consolidate and explore an underexplored but prospective gold corridor in southeastern Côte d'Ivoire.
Nesdave Earn-In Agreements
As announced on March 4, 2025, Kobo previously entered into earn-in agreements (the " Nesdave Earn-In Agreements ") with NESDAVE MINING SARL (" Nesdave ") with respect to two exploration licences, PR-0970 and PR-0973.
Pursuant to the Nesdave Earn-In Agreements , as amended on July 25, 2025, the Company can acquire (i) a 90% interest in the PR-0970 license over the next four years by investing 550 million CFA F (approximately C$1.25 million), with 75 million CFA F (approximately C$171,500) being invested in the first year, and (ii) a 90% interest in the PR-0973 license over the next four years by investing 555 million CFA F (approximately C$1.27 million), with 80 million CFA F (approximately C$183,000) being invested in the first year.
Furthermore, in the event Kobo elects to apply for an Exploitation Licence with respect to any of the properties covered under the Nesdave Earn-In Agreements , Kobo and Nesdave will constitute a joint venture with respect to the exploitation of such property which will be held as to 80% by Kobo , 10% by Nesdave and 10% by the Government of Côte d'Ivoire.
Finally, each of the Nesdave Earn-In Agreements grants a 1% NSR to Nesdave with the Company retaining the right to buy back 50% of such NSR in consideration of a C$1.0 million payment. Following the completion of a positive Feasibility Study leading to the issuance of an Exploitation License, Nesdave will also be entitled to receive (i) a bonus payment of C$1.00 per proven and probable ounce of gold discovered and (ii) subject to approval of the TSXV, 350,000 common shares of the Company's share-capital.
Subject to approval from the TSXV, Kobo will issue 60,000 common shares to Nesdave in connection with the execution of the Nesdave Earn-In Agreements . Such common shares will be issued to Nesdave pursuant to an exemption from the prospectus requirements of applicable Canadian securities laws and will be subject to a hold period of four months and one day.
Review of Technical Information
The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa's most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company's 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region's largest gold mines with established processing facilities.
With over 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's Gold Project . Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.
Beyond Kossou , the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo's common shares trade on the TSX Venture Exchange under the symbol "KRI". For more information, please visit www.koboresources.com .
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This news release may contain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements, including statements related to the issue of the common shares, the future development of the Company and the Company's plan with respect to the properties subject to the Geoservices Earn-In Agreement and the Nesdave Earn-In Agreements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable as at the date of this news release, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inherent risks involved win the exploration and development of mineral properties; unanticipated costs and expenses; the delay or failure to receive board, shareholder or regulatory approvals; and other risk factors listed from time to time in our documents filed with Canadian securities regulators on SEDAR+ at www.sedarplus.ca . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
1 Newmont Mining, Internal Report, Adzope License (Coté d'Ivoire) Final Report, October 2010
View source version on businesswire.com: https://www.businesswire.com/news/home/20250731071790/en/
For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
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With high-quality, drill-ready assets with world-class discovery potential, Piche Resources is a compelling business case for investors looking to leverage a bull market for uranium and gold.
Piche Resources (ASX:PR2) is an ASX-listed mineral exploration company focused on uranium and gold exploration in Tier-1 jurisdictions: Western Australia and Argentina. The company holds 100 percent ownership of all of its projects and is supported by a highly experienced board and technical team.
Targeting globally significant discoveries in Tier-1 mineral provinces
Piche’s portfolio includes the advanced-stage Ashburton uranium project in Western Australia and two large-scale exploration projects in Argentina: the Cerro Chacon gold-silver project and the Sierra Cuadrada uranium project. These projects have delivered high-grade exploration results and are drill-ready, positioning the company to unlock significant shareholder value through systematic exploration programmes.
Piche has an internationally recognized board focused on creating long-term shareholder value, and an in-country technical team in Argentina with a proven track record of taking projects from discovery through to development.
Cerro Chacon interpreted geology and tenement holding
Cerro Chacon is a large-scale, early-stage gold-silver exploration project located in the Chubut Province of Argentina. The project is situated within a region known for hosting world-class low-sulphidation epithermal systems, including Cerro Negro and Cerro Vanguardia. With multiple gold-bearing structures confirmed over a 14 km corridor, Cerro Chacon is emerging as a highly promising and underexplored precious metals system with substantial scale and grade potential.
Location: ~40 km southwest of Paso de Indios, Chubut Province
Tenure: 414 sq km across multiple tenements
Highlights:
The Ashburton project is Piche’s flagship uranium exploration asset in Australia, situated in the Pilbara region of Western Australia. Located within a historically underexplored but highly prospective unconformity-related uranium district, the project provides the company with strong leverage to the growing global demand for uranium. The project is geologically analogous to world-class Proterozoic uranium systems, with multiple confirmed mineralised zones and a regional corridor of 60 km.
Sierra Cuadrada is Piche’s primary uranium asset in Argentina, covering a vast area within the San Jorge Basin. This large-scale project has demonstrated strong surface uranium mineralisation with multiple drill-ready prospects. With mineralisation confirmed across extensive zones and supported by historical radiometric and geochemical data, Sierra Cuadrada has the potential to host multiple Tier-1 uranium deposits in a cost-effective, near-surface setting.
Teo 5 and 6 prospect 2024 auger drill programme
Location: San Jorge Basin, ~200 km north of Comodoro Rivadavia
Tenure: 1,310 sq km across multiple licences
Highlights:
John Simpson has over 37 years of experience in mineral exploration, development and mining. Previously the executive chairman and founder of Peninsula Energy Limited (ASX:PEN), a USA uranium producer.
Stephen Mann is a geologist with over 40 years of experience in exploration, discovery and development of mining projects, including 20 years in the uranium sector. Formerly the Australian managing director of Orano, the world’s third-largest uranium producer.
Pablo Marcet is a senior geoscientist with 38 years of experience in exploration, discovery and development of mineral deposits. Currently an independent director of lithium producer Arcadium Lithium (NYSE:ALTM) and previously a director of Barrick Gold (NYSE:GOLD) and U3O8 (TSX:UWE).
Clark Beyer is an internationally recognized nuclear industry executive with over 35 years of experience. Formerly the managing director of Rio Tinto Uranium and currently principal of Global Fuel Solutions, providing strategic consulting to the international uranium and nuclear fuels market.
Stanley Macdonald is a nationally recognized mining entrepreneur, founding director and instrumental in the success of numerous ASX-listed companies, such as Giralia Resources, Northern Star and Redhill Iron. He is currently a director of Zenith Minerals.