New Age Exploration Ltd (ASX:NAE) has received a significant interest for the acquisition of its Lochinvar Coal Project in the UK.
The company is aiming to divest its coal asset and focus on the Redmoor Tin/Tungsten Project in the UK (50%-owned) and the Otago Gold Project in New Zealand, along with new project opportunities.
READ: New Age Exploration intersects tin grades up to 29.68% at Redmoor Tin-Tungsten Project
New Age recently intersected high-grade tin in the first hole of second-phase drilling at the Redmoor project.
The results provide further confirmation of improving grades at depth and are the highest-grade intercepts drilled at Redmoor.
Director resignation
New Age technical director Neil Hutchison has resigned as a director to meet new additional workload with alternate companies.