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
Second Successful Coking Coal Acquisition in Colombia
03 Aug,2011 11:09 AM

New Age Exploration Limited (“NAE” or “the Company”) is pleased to announce that it has entered into a binding agreement to acquire 100% of the FL2-151 exploration and mining concession, located within the Subachoque Syncline, which hosts high quality hard coking coal deposits in Cundinamarca, Colombia. The Subachoque Syncline is located approximately 40km north-east of Bogota.


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