Ann: Additional Targets from Gravity Geophysics Wagyu, page-2

The report on the Wagyu Gold Project in Pilbara, WA, provides an overview of recent geophysical surveys and the exploration progress made by New Age Exploration (NAE). Here's a breakdown of key aspects and insights from the text:
1. Survey Overview and Techniques:

• Passive Seismic and Ground Gravity Surveys: These were conducted across the Yule River bed, which is central to the Wagyu Gold Project. The purpose was to gather geological data and identify potential gold mineralization. The passive seismic survey uses Tromino technology to assess bedrock continuity, while the gravity survey highlights density contrasts indicative of mineralized zones.
• Survey Details:
  • The Passive Seismic survey used a 200-meter interval across nine lines, offering insights into the continuity of the bedrock.
  • The Ground Gravity survey was more intensive with 200m x 200m spacing, and further infill at 50m x 50m in targeted areas of interest. This provided more precise data regarding areas of potential mineralization.

2. Geological Connectivity:

• The data from these surveys have enhanced geological understanding by linking the geological features of the east and west sides of the project area, improving the overall interpretation of the mineralized trend.
• By connecting previous datasets, the company has gained a more refined and continuous geological profile across the region, helping identify zones with higher potential for gold deposits.

3. Gravity Survey Infill and Target Refinement:

• The infill gravity survey has allowed for better delineation of the gravity anomalies, which indicate possible gold mineralization. This enhanced understanding will help guide future drilling programs by identifying more specific drill targets, improving drillhole targeting.
• The updated gravity dataset has helped define the shape of potential intrusive bodies, which are significant as they may host gold deposits.

4. Passive Seismic Data:

• The results of the passive seismic survey show high-quality data, with clearly defined bedrock peak frequency responses. These results help predict the depth of bedrock, which is crucial for effective drill planning.
• With this data, NAE can better understand fault zones, paleo channels, and mineralized structures that could lead to gold deposits.

5. Cultural and Environmental Sensitivity:

• The survey was conducted with cultural sensitivity, working alongside the Kariyarra Aboriginal Corporation (KAC) to ensure that exploration practices adhered to local cultural protocols. This aligns with NAE’s commitment to zero-impact exploration in sensitive areas.
• The environmentally responsible approach ensures that NAE is maintaining positive relations with local communities while conducting important geophysical surveys.

6. Upcoming Plans and Drilling Program:

• Reverse Circulation (RC) Drilling: The next step in the exploration is a 3000-meter RC drilling program. This will test the depth and strike continuity of the gold mineralization targets identified through previous surveys.
• The RC drilling program will follow up on areas identified by aircore drilling in 2024 and help NAE refine its understanding of the gold mineralization at the Wagyu Project.

7. Strategic Location:

• The Wagyu Gold Project is situated in a rapidly developing gold mineralized corridor in Central Pilbara, WA. The proximity to the Hemi Gold Deposit (~11.2 million ounces of gold), owned by De Grey Mining (ASX: DEG), further adds to the project's potential, indicating that the region could be highly prospective for further gold discoveries.

Conclusion:

The geophysical surveys conducted at the Wagyu Gold Project have significantly advanced the understanding of its geological structures and gold mineralization potential. The integration of passive seismic and gravity data has improved the connectivity between different parts of the tenement and refined drill target areas. This sets the stage for the next phase of drilling, which will be critical in unlocking the project's full potential. The project is strategically located in an emerging gold-rich corridor, offering a strong foundation for future exploration success.
The approach to environmental and cultural sensitivity also enhances the project's credibility, aligning exploration efforts with responsible and sustainable practices. The upcoming RC drilling will provide crucial insights to further validate the gold potential in this area.
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