New Age Exploration Limited has commenced Phase 1 drilling at the Wallah Silver Project in central New South Wales, targeting the down-dip extension of high-grade silver-polymetallic mineralisation beneath the historic Walla Walla Silver-Lead Mine.

The program comprises two holes for approximately 300 metres of total drilling, executed as pre-collar open-hole percussion with a diamond tail. Operations have advanced rapidly, with a 90-metre pre-collar already completed for the first hole.

New Age Exploration secured 100% ownership of the project on June 30, 2026, following an acquisition comprising an initial A$100,000 in cash and 57,142,857 ordinary shares.

“The rig is turning at Wallah. Phase 1 is a tight, two-hole program designed to test whether the high-grade mineralisation beneath the historic Walla Walla mine improves at depth, as our earlier drilling indicated. We expect to be through both holes within two weeks, with assays to follow. Phase 2 planning is already well advanced.”

— Kirby Johnson, Chief Executive Officer

The current program is expected to wrap up in mid to late September 2026, with assay results anticipated in early Q4 CY26. Technical planning is already well advanced for a second phase of drilling targeting induced polarisation anomalies along strike to the north and south of the historic mine.

Read the full announcement: Wallah Silver Project - Phase 1 Drilling Commences