Drilling Progresses on the Wagyu Gold Mission, Pilbara WA

New Age Exploration (ASX: NAE) (NAE or the Firm) is happy to report that the Reverse Circulation (RC) Drill Program is progressing positively on the Wagyu Gold Mission (Determine 1). A complete of 1,896 m has been drilled to date over 20 drill holes, with a median depth of 95m. This system is concentrating on strike and depth extensions to identified ‘Hemi Type’ gold mineralisation and new undrilled areas of high-gold prospectivity (Confer with ASX Announcement 6 November 2025).

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Drilling to this point has intersected comparable lithologies and alteration types to these from mineralisation drilled within the first RC program (March 2025), and testing at depth has highlighted extensions at depth within the ‘Hemi Type’ intrusives. Gold mineralisation at Wagyu is mostly solely confirmed from assay information, because of the intense alteration and fine-grained nature of sulphides current.

Drilling will proceed to 22^nd December and resume in early January.

HIGHLIGHTS

• Drilling is progressing positively on the Wagyu Gold Mission with 20 drill holes accomplished for a complete of 1,896m.
• Program has to date examined high-priority Targets 1, 10 and 11. Drill rig has moved north and is at the moment at Goal 6.
• Drilling to this point has intersected comparable lithologies and alteration types to these from mineralisation drilled within the first RC program (March 2025), with a number of intersections at depth in intermediate ‘Hemi Type’ intrusives.
• Assay outcomes are anticipated all through Q1 2026.
• The Wagyu Gold Mission lies 5km west of Northern Star Assets’ 11.2Moz¹ Hemi Gold Deposit throughout the mineralised Mallina Basin hall

NAE Govt Director Joshua Wellisch commented:

“We’re more than happy with the present progress of the Wagyu drilling program because the staff endeavours to advance the extensions of the identified gold mineralisation at depth and alongside strike; uncover new gold mineralisation and to additional perceive the geological controls.”

Determine 1: Drill gap collars on the Wagyu Gold Mission with assays pending for the present RC drill program and the utmost downhole gold assay consequence proven from earlier drilling.

Geology

Encouraging indicators of mineralisation have been recognized in quite a few drill holes throughout the drill marketing campaign, which NAE hopes will lengthen the high-grade gold alongside strike and at depth. Drill gap 25WR045 intercepted 13m of constant quartz veining inside an intrusive physique (Determine 1), with related sulphides (pyrite and pyrrhotite) and alteration (carbonate and chlorite), which is indicative of concentrating on success.

Determine 2: Chip tray photograph of 140-160m in drill gap 25WR045. Observe the constant quartz veining from 142-155m with a major vein at 151-155m.

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