NAE Divests Coal Project to Prioritize Core Assets

New Age Exploration Limited (AU:NAE) has released an update.

New Age Exploration Limited has announced the sale of its Lochinvar Coal Project to Paladar Trading Ltd, which allows the company to concentrate on its core gold and lithium projects in Central Pilbara, Western Australia, and New Zealand. The deal includes a nominal upfront payment and a royalty agreement that could yield up to A$15 million, aligning with NAE’s strategic focus on its more promising assets.

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