New Age Exploration (NAE) has officially commenced on-ground exploration activities at its Wallah Silver Project, located in the Lachlan Fold Belt of New South Wales. Following the recent completion of the project acquisition, the company is now moving to advance its inaugural exploration program. The technical team is mobilizing this week to begin mapping and infill soil sampling across the site, which features more than 10 linear kilometers of largely untested vein-alteration zones.

The primary objective of the current program is to finalize drill targets near the historic Walla Walla Silver-Lead Mine, where mineralization remains open along strike and at depth. To support this, the company is also working to refine its exploration model by reprocessing historical geophysical and geochemical datasets. These efforts are expected to provide a clearer picture of prospective zones within the tenement, including the North-West, Homestead, and Mt Hume target areas.

"We are moving quickly to advance Wallah now that the acquisition is complete. Wallah gives us a historically high-grade system with more than 10 linear km of largely untested vein-alteration footprint within the immediate vicinity. Our immediate priority is to get our team on the ground for mapping, infill soil sampling, and to appoint a drilling contractor. Shareholders can expect regular updates from us on Wallah in the coming weeks as the program builds momentum."

— Kirby Johnson, Chief Executive Officer

Preparations for upcoming drilling are well underway. NAE lodged drill site permit applications in June and expects final approvals shortly. Furthermore, the company is currently evaluating proposals from several drilling contractors and intends to make a formal appointment before the end of the quarter. Once these milestones are achieved, the company plans to initiate its maiden drilling program by late Q3 2026.

Read the full announcement: Wallah Silver Project Exploration Commences