Past year: ▼ 33%(0.20c – 0.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Aug 2026drilling scheduled▲ Good
A drilling contractor is appointed for Wallah's Phase 1: two holes, about 300m, testing beneath the historic Walla Walla mine, starting first week of September for 10-12 days. Assays are expected early Q4 2026. This follows the 30 June acquisition and August geophysics reprocessing.
28 Aug 2026drilling result▲ Good
Second batch of assays from 13 Phase 2 holes at Lammerlaw's Bella Prospect confirms widespread gold mineralisation; LAMRC015 (26m @ 1.66g/t Au) remains the standout. Bella is open west and south, with Phase 3 drilling planned Q3 2026 and final assays due September. No resource.
30 June 2026drilling result▲ GoodMajor
Lammerlaw hole LAMRC015 at Bella returned 24m @ 1.66g/t Au from 54m, which the company calls a new shear-hosted discovery. It lies 92m west of LAMRC013 (6m @ 0.65g/t); 14 more Bella holes await assays in Q3. No resource.
15 June 2026drilling progress report● Neutral
Lammerlaw Phase 2 drilling is complete: 1,053.7m (907m RC, 146.7m diamond), bringing total Lammerlaw drilling to 1,511.7m. Sulphides and quartz veining logged near LAM RC13; all samples submitted, assays due Q2-Q3 2026.
26 May 2026drilling progress report● Neutral
Lammerlaw Phase 2 drilling resumed after the pause, with 786.8m done by 24 May. Two diamond holes hit the targeted shear zone near LAM RC13 with visible sulphides and quartz veining; visual only, assays pending in Q2 2026.
18 Mar 2026drilling spud● Neutral
Phase 2 RC drilling (1,000-1,200m) has started at Lammerlaw, NZ, following the 5-hole, 458m maiden program. It will test extensions near LamRC013 (6m @ 0.65g/t Au) and the untested Fultons-Bella trend. No resource defined.
17 Mar 2026drilling result▲ GoodMajor
Final assays from the 40-hole Wagyu program include 4m @ 11.0g/t from 120m in 25WR058 and 10m @ 1.12g/t at Target 10. Mineralisation is open eastward and below 100m. Confirms the Hemi-style interpretation; no resource yet.
11 Feb 2026drilling result▲ GoodMajor
First assays from the 4,034m Wagyu program, 24 of 40 holes, include 18m @ 1.47g/t from 48m and 16m @ 0.82g/t. Company reads this as a Hemi-style intrusion-related system. Resplits of 2025 samples lifted some intercepts, including 1m @ 7.8g/t. Scale unproven; 16 holes pending.
29 Jan 2026drilling result● Neutral
The Wagyu follow-up RC program finished: 40 holes for 4,034m, sent to Intertek in Perth with assays due February-March 2026. Visual signs of quartz veining and sulphides at Target 10 are not grades; assays still decide.
13 Jan 2026drilling progress report● Neutral
RC drilling at Wagyu restarted in early January after the Christmas break, with 24 holes (2,388m) done before the pause of the ~4,000m program. Assays are due progressively through Q1 2026; no results yet.
15 Dec 2025drilling progress report● Neutral
20 holes for 1,896m are drilled in the Wagyu follow-up program, with the rig now at Target 6. Similar lithologies and alteration to the first program are seen, some at depth. Assays are due January to March 2026; no results yet.
20 Nov 2025drilling spud▲ GoodMajor
An RC rig reached Wagyu and was to start the ~4,000m follow-up program on 20 November 2025. It targets extensions at Targets 1, 6 and 10 and a new Target 11 zone. Follows the May 2025 maiden program that returned 8m @ 5.0g/t.
6 Aug 2025drilling result▲ GoodMajor
Lammerlaw's maiden RC drilling hit shear-hosted gold in fresh schist, best 6m @ 0.65g/t Au from 92m including 2m @ 1.05g/t. Three other holes gave 0.1-0.4g/t. Resolves the Phase 1 assay wait; early stage, no resource defined.
26 May 2025drilling result▲ GoodMajor
Maiden Wagyu RC assays returned 8m @ 5.0g/t from 44m, including 1m @ 28.6g/t (25WR002). Gold was hit at four of five targets, defining a 1km mineralised envelope across Targets 1 and 10. This resolves the RC assay wait; mineralisation remains open.
16 May 2025drilling progress report● NeutralMajor
Lammerlaw Phase 1 finished with 5 holes for 458m; a creek washout blocked some targets, which move to Phase 2, now expected Q1 2026. Assays are due within 2 months. Permit EP 61110 Waipori (71.4 km2) was also granted.
10 Apr 2025drilling progress report● Neutral
The maiden Wagyu RC program is finished: 33 holes for 3,023m across five gravity targets, with intrusions and alteration noted. Assays are expected late April to May 2025. Completes the drilling thread; results are still awaited.
3 Apr 2025drilling spud● Neutral
Drilling started at Lammerlaw in New Zealand, as flagged for Q1 2025 earlier. Phase 1 of two phases will test 5 of the 9 gold and antimony targets. No results yet.
17 Mar 2025drilling spud▲ GoodMajor
Maiden 3,000m RC drilling began at Wagyu on 16 March 2025, following up the 15.6g/t air core intercept. Contractor Strike Drilling is taking 50% of its payment in NAE equity. Assays are expected late April to May 2025.
17 Feb 2025drilling result▲ GoodMajor
Phase 2 resamples lift Wagyu to 16 significant intercepts, led by 4m @ 5.3g/t from 49m in 24WA225, including 1m @ 15.6g/t. The best grades yet at the project. A 3,000m RC program is due March 2025, with more air core in the June quarter.
11 Dec 2024drilling result▲ GoodMajor
Wagyu Phase 2 air core assays add four new gold intercepts, best 4m @ 2.5g/t from 48m (24WA225), and confirm gold at new Target 10. This is the long-awaited follow-up to Phase 1; RC drilling is still needed to confirm gold at depth. Heritage surveys planned next week.
13 Nov 2024drilling result▲ Good
One-metre resamples of Phase 1 air core samples at Wagyu add a fifth significant intercept: 1m @ 2.2g/t from 32m (24WA054), and 24WA053 refined to 2m @ 1.5g/t. Only the first half of resamples are reported; Phase 2 assays are still pending.
17 Oct 2024drilling scheduled▲ Good
NAE has defined 9 drill targets for gold, antimony and tungsten at its New Zealand Lammerlaw permit, with RC drilling planned for Q1 2025. Historic mining produced about 150t of stibnite (over 50% antimony). 140 soil samples are pending. Advances the NZ phase 2 drilling plan.
15 Oct 2024drilling progress report● Neutral
Phase 2 air core drilling at Wagyu is complete: 101 holes, 4,370m, bringing the total to 12,010m. Logging extends the sulphide-rich intrusive rocks seen with Phase 1 gold. No new assays; Phase 2 results are expected by mid-November, with RC drilling to follow.
1 Oct 2024drilling result▲ GoodMajor
Wagyu's first air core assays show gold at all four gravity targets tested, including 3m @ 2.2 g/t from 24m. 21 mineralised intercepts across 18 holes. Confirms the Phase 1 geology; the assays were due end September. Phase 2 is underway.
23 Sept 2024drilling spud● Neutral
Phase 2 air core drilling has started at Wagyu, about 4,300m planned to follow up Phase 1 and test new targets. Targets 3 and 4 on the west remain untested pending heritage surveys. Phase 1 assays still due end September.
10 Sept 2024drilling progress report▲ Good
Phase 1 Wagyu air core drilling is complete: 156 holes, about 7,460m (the text also says 7,640m). Logging suggests 3 of 4 gravity targets are intrusive systems. Gold assays are expected by end September; phase 2 is due in about two weeks.
29 July 2024drilling spud▲ GoodMajor
Maiden air core drilling has started at Wagyu after the heritage survey; under 5% of planned phase 1 sites are affected by small artefact scatters. RC drilling is still planned for October and November. Results are expected in coming months.
1 July 2024drilling scheduled▲ Good
All approvals are in for Wagyu's maiden air core drilling, with a heritage survey booked for mid-July and drilling due late July; RC drilling is planned for Oct/Nov. Newly acquired higher-resolution magnetic data adds a further 'Hemi-style' intrusive target.
4 June 2024drilling scheduled▲ Good
Gravity surveys at Wagyu identified six targets; two coincide with magnetic targets, the largest (Target 1) being 400m by 300m. Air core drilling is expected in coming weeks or months once heritage surveys finish, targeted by end June. Soil assays are pending.
24 May 2024drilling result▼ BadMajor
Quartz Hill maiden drilling (21 RC holes, 693m) found only low-order lithium, best 4m @ 104ppm Li, not a significant increase over surface grades. NAE says the granite looks fertile with some fractionation, but no pegmatite was intersected. Target 20 was untested due to access.
