Blackstone Minerals (BSX:AU) has announced High Grade Cu-Au at Surface Delivers New Targets at Mankayan
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Blackstone Minerals (BSX:AU) has announced High Grade Cu-Au at Surface Delivers New Targets at Mankayan
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Blackstone Minerals (BSX:AU) has announced Share Purchase Plan Offer Booklet
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American Rare Earths Limited (ARR:AU) has announced Strong Leach Recoveries and Low Impurities
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“Something can be born out of everything – if you want it to,” said Iris Haim, whose hostage son Yotam was killed in Gaza. Those words are helping her find hope.
The new beginning that Haim now longs for is a grandchild, created from sperm she had harvested from Yotam’s body upon its return home in December 2023.
Yotam, 28, was kidnapped by Hamas-led militants from kibbutz Kfar Aza on October 7, 2023. After spending 65 days in captivity, he was mistakenly shot by Israeli troops on December 15, 2023 along with two other hostages, Alon Shamriz and Samer Talalka, as they attempted to flee their captors in northern Gaza.
Yotam is the only Israeli hostage whose sperm is known to have been retrieved posthumously, and whose family is lobbying to use it to have a child.
Haim says Yotam, a single man at the time of his death, always wanted children. “Yotam really wanted that – he talked about it a lot,” she said.
A total of 205 hostages have so far been returned, 148 of whom were released alive, and 57 returned dead, according to Prime Minister Benjamin Netanyahu’s office. Most had been dead for weeks, if not months, making the men’s sperm no longer viable for use – except for Yotam’s. That’s where his mother saw an unexpected opportunity to have what would be her first grandchild.
Chances of successful sperm retrieval are highest in the first 24 hours after death, with the cut-off time being 72 hours, according to the Israeli government.
There are currently 50 Israeli hostages held in Gaza, of whom at least 20 are believed to be alive. Both Hamas and Israel have accepted a new ceasefire proposal and indirect negotiations on a deal have restarted, raising hopes that more could return home soon.
Haim remembers with painful clarity the moment Israeli authorities came to her home and told her about her son’s death. “Yotam was killed. By friendly fire. While escaping Hamas captivity. He was mistakenly identified as a terrorist,” Haim recalled the officers saying.
Half an hour after they broke the news of Yotam’s death, one officer approached Haim and whispered, “you can request sperm retrieval,” Haim said. The process “immediately got started, immediately,” she said.
Yotam’s sperm was retrieved within the necessary window of time. Ten samples were extracted, “enough for five children,” Haim recalled being told by the doctor who performed the procedure.
Haim now faces an uphill battle to get approval to use his sperm to produce a grandchild. If she succeeds, her next challenge would be to find a woman to carry the child and raise it.
Sperm lives on briefly after death, which is why it’s possible for doctors to retrieve it from testicular tissue. Any live sperm cells found are transferred and frozen in liquid nitrogen.
None, however, can be used without approval from a family court, where Haim now faces an uphill battle to continue her son’s lineage.
In Israel, extracting sperm from a dead body is permitted, but there is no law that clearly defines the process of using the sperm for the purpose of producing offspring.
“In Israeli law, we don’t have a law for this procedure,” Nily Shatz, Haim’s lawyer, said, adding that family courts have only approved posthumous use of sperm by parents of the deceased to produce a child twice in the past; however, the second case was later overturned after an appeal brought by the state. “All the other cases were rejected.”
The first case was that of a woman who after years of court battles was able to have a grandchild after proving that her son, who was killed in Gaza in 2002, wanted children, according to Shatz. The court, however, declared that the ruling should not be perceived as a precedent, saying legislators must decide on the matter in the future. The second case was that of a couple who are still fighting in court to have a grandchild with retrieved sperm of their late son, who died in 2012.
Meirav Ben-Ari, a lawmaker in Israel’s parliament, the Knesset, is pushing for a bill that formally allows family members to use retrieved sperm even if the deceased had not specifically stated his wish to have a child posthumously, as long as they can prove the deceased would have wanted a child.
Netanyahu’s coalition is made up of some of the most religiously conservative parties ever to hold power in Israel, including ultra-Orthodox and far-right religious Zionist factions whose agendas are reshaping the country’s legal and social fabric.
Shatz, Haim’s lawyer, said that after the horrors of October 7, it was past time for parliament to pass a law on the issue, especially as families of hundreds of fallen soldiers retrieve the sperm of their dead.
But while Haim longs to be a grandmother, the issue of using the sperm of deceased men remains controversial. It raises ethical, religious and legal questions that lawmakers are yet to address.
For now, cases are assessed individually by the family courts, Shatz said. And since there are varying opinions in government about the practice, each case is viewed with extreme caution, she said.
At the moment, for families to use the sperm of their deceased, they must prove to the courts that the person who died wanted children, even after his death.
Yotam’s family is working to prove that he wanted children by providing testimony from relatives, friends and his therapist, but such intangible proof is likely to be harder for many others to present.
“There’s no logical way (where) usually people say that I want a child, even if I’m going from the world,” Shatz said, noting this isn’t something ordinary men think about, especially when young.
Posthumous sperm retrieval (PSR) in Israel was previously open only to partners – provided other relatives did not object – while parents of the deceased had to apply for legal permission. Following the October 7 attacks, the Ministry of Health loosened the rules.
“In previous years, approximately 15–20 such retrievals were performed annually,” the ministry said.
For Haim, having a grandchild is a way to prove that Israel will keep growing despite the massacre.
“Every mother whose child was killed wants to have something from that child, not just photos. She wants something tangible,” Haim said, her eyes briefly filling with tears. “As the people of Israel, we need to understand today that, after October 7, we need to keep growing – to show our enemies that our way, this continuity of our lives here in this country, and in general, is through the creation of new life.”
“That forces you to be in this situation. That’s what war is doing to us,” he said.
Levine advocates for soldiers to decide early whether they’d like to have children, and for them to preserve their sperm while they are still alive.
Some have also called for soldiers to leave a “biological will,” a testament that lays out an individual’s wishes when it comes to posthumous use of eggs or sperm, whether they are retrieved after death or frozen while the person is still alive.
Bella Savitsky, whose son Jonathan died in combat on October 7, opted to retrieve his sperm and got approval for it, but it came too late.
Savitsky, a senior lecturer in the School of Health Sciences at Ashkelon Academic College, said studies show a maximum of 36 hours since time of death is the only time that retrieved sperm can be usable, a shorter timeframe than that cited by the Israeli government. This window is narrower in Israel because the hot weather can affect the sperm’s quality in dead bodies, she said.
On October 9, 2023, Savitsky received “the knock on the door” from authorities, telling her that her 21-year-old son had been killed in heavy fighting at an army outpost near Gaza.
“He wanted to get married, to have children, a dog, and a home in the countryside.”
It took many hours for Savitsky to obtain a court order allowing the harvesting of her son’s sperm.
“Altogether, it took 70 hours,” she said. “So, when the posthumous sperm retrieval was done, it was not intact. There was no live sperm.”
Sperm retrieval after death undoubtedly raises complex moral, ethical, judicial and religious questions. While technology has advanced, critics say the law has not kept up.
Experts say the controversy stems from the lack of clear consent from the father and the idea of bringing a child into the world who is fatherless from the outset.
“You are bringing into the world a child whose parent is known, named and deceased. This has a significant psychological impact and is different from a single-parent family,” Siegal said.
Some may also object to having children that effectively serve as a monument to the deceased father.
In that case, “the grandparents are seeking a ‘memorial’ – a form of commemoration – or trying to recreate something that cannot be recreated,” Siegal said. There are also religious considerations, as “retrieving sperm is an intrusive act, and in Judaism, there is a critical prohibition against desecrating the dead,” he said.
To mitigate these issues, Savitsky believes that young men should be asked whether they would want their sperm to be posthumously retrieved before they enter army service, but said the ministry of defense may be wary of implementing this as it could dent troop morale.
For Haim, despite the difficulties, the battle to have a grandchild gives her strength in the face of the tragedy she faces after October 7, as well as hope for the future.
In May, the State Attorney’s Office gave a green light in principle for Haim to use Yotam’s sperm. That was a first step towards what may be a long journey for her to have a grandchild. The family still needs to present evidence to prove that Yotam would have wanted a child, Shatz, Haim’s lawyer said.
“In the end, the reality did happen to us on October 7. So now – what will we do with that reality? Cry, wail, say, why did this happen to us?” she asked.
“Yes, a disaster happened. Period. But what else happened? A lot of amazing things also happened. That’s where I’m aiming (for).”
Former Russian Transport Minister Roman Starovoit died by suicide on Monday, just hours after Russian President Vladimir Putin fired him from the job, officials said.
Starovoit was dismissed by Putin on Monday morning. The decree announcing his dismissal was published on the official Kremlin website, with his deputy Andrey Nikitin appointed acting minister.
Asked by reporters for the reasons behind Starovoit’s dismissal, Kremlin spokesperson Dmitry Peskov denied this was due to a “lack of trust,” but he did not give any alternative reason.
The Investigative Committee of Russia said in a statement that Starovoit’s body was found inside a car in Odintsovo, a suburb of Moscow. He was found with a gunshot wound, the committee said. It said the circumstances of his death were being investigated but the “main theory is suicide.”
Before he became a minister in May 2024, Starovoit was the governor of the southern Russian Kursk region. While he left the post before Ukraine’s surprise incursion, he was partially blamed for security failures in the Russian region.
The dismissal came amid a multi-day disruption to air travel in Russia. Russian Federal Agency for Air Transport said 485 flights were canceled, 88 were diverted and 1,900 were delayed over the weekend and into Monday.
The agency said the cancellations were down to “external interference,” without giving any specifics. But the Russian Defense Ministry said more than 400 Ukrainian long-range strikes were intercepted during the same period of time.
The Ukrainian military said it also struck a chemical plant in Krasnozavodsk, north of Moscow early on Monday. It said the plant manufactures “pyrotechnic devices and ammunition, including thermobaric warheads for Shahed-type” drones.
At least 12 civilians were killed and more than 90 injured in Russian attacks across Ukraine in the 24 hours to mid-morning on Monday, according to Ukrainian authorities.
At least 29 people, including three children aged 3, 7 and 11, were injured when Russian drones hit a residential building, a kindergarten and a commercial area at 6 a.m. local time Monday (11 p.m. ET on Sunday) in Kharkiv in northeastern Ukraine.
At least 17 more people, including a teenage boy, were injured when the same city was struck with drones again just five hours later, according to Kharkiv mayor Ihor Terekhov.
The Ukrainian Air Force said Russia fired four surface-to-air missiles and 101 Shahed-type drones at Ukraine in the past 24 hours, adding that it downed 75 of the drones either by shooting them down or by jamming.
The Land Forces of Ukraine said on Monday that two of its recruitment offices were hit by Russian drones on Monday, the latest in a string of similar incidents.
Six draft offices across the country have been attacked by Russian drones in just over a week, the Land Forces said in a statement, adding that they believed Russia was attacking the offices in an attempt to disrupt the Ukrainian military’s enlistment process.
At least two people have been killed and more than a dozen injured in these attacks, the statement said.
The past week has been relatively stable in terms of sector rankings, with no new entrants or exits from the top five. However, we’re seeing some interesting shifts within the rankings that warrant closer examination. Let’s dive into the details and see what the Relative Rotation Graphs (RRGs) are telling us about the current market dynamics.
The top three sectors, technology, industrials, and communication services, remain firmly entrenched in their positions. But the real action is happening just below them. Financials climbed to the number four spot, consequently pushing utilities down to fifth place. This shift is significant, as it indicates a move towards more cyclical sectors in the top rankings.
These changes suggest a potential shift towards more economically sensitive and offensive sectors, which supports a bullish scenario or at least a move away from defensive positioning.
The weekly Relative Rotation Graph continues to show strength in the technology sector within the leading quadrant. Industrials is also maintaining its position in the leading quadrant, with a very short tail, indicating a consistent relative uptrend.
Communication services, financials, and utilities are currently in the weakening quadrant. However, communication services have rebounded and appear to be making their way back towards the leading quadrant again.
Financials and utilities, on the other hand, are showing negative headings, with utilities displaying the weakest momentum (longest tail).
Switching to the daily RRG, we get a more granular view of recent sector movements:
The positioning of these sectors, particularly the strength of technology and improvements in financials and industrials, suggests a shift towards more cyclical and less defensive sectors in the market.
Tech continues its rally after breaking above the $240 resistance area. The raw RS line is also climbing, having broken out of its falling channel. This sector remains the market leader and shows no signs of slowing down.
The industrial sector has cleared its overhead resistance and is pushing higher. Its RS line is putting in new highs, reflecting strong relative performance. The RRG lines remain in the leading quadrant and may be turning up again, a bullish sign.
Comms have broken above their resistance around 105. While still at the lower boundary of its rising RS channel, it’s starting to pick up steam. Both RRG lines are climbing, with RS momentum approaching the 100 level. A cross above that level would put it back in the leading quadrant.
Financials broke through overhead resistance last week, which is a significant positive development. It’s now above both horizontal resistance and its former support line. The relative strength line needs some work, but with the current price breakout, improvement seems likely in the near future.
The weak link in the top five, utilities, remains range-bound. It’s still above support, but not by much. With the broader market rising, utilities’ sideways movement is causing its RS line to drop. The RRG lines are rolling over, and we may soon see this sector rotate into the lagging quadrant on the weekly RRG.
I must admit, our portfolio is still underperforming. The current drawdown is a little over 8%, which isn’t ideal. However, this is the nature of trend-following strategies. We’re sticking with our approach through this period of underperformance, confident that historical results support our patience.
If market trends continue as they are, we should see more offensive sectors rotate into the top five. This shift, in turn, should help us overcome the current drawdown and eventually bring us ahead of the S&P again.
Remember, investing is a marathon, not a sprint. Periods of underperformance are normal and to be expected. The key is to stay disciplined and trust in your strategy.
#StayAlert and have a great week. –Julius
Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers away from Starbucks.
Both new Luckin stores are based in Manhattan, and at the midtown location on Wednesday, Sam Liu took a sip of her jasmine cold brew.
“I’ve never tried anything like it,” she said.
I thought I just order at the counter, but I realized everyone was standing around looking at their phone.
Luckin Customer Sam Liu, New York City
Liu said she’d hoped for more seating — the small shop has only three tables — and was initially confused by Luckin’s in-app ordering system, which means customers can’t order directly from a barista.
“I thought I just order at the counter, but I realized everyone was standing around looking at their phone,” Liu said.
Luckin is China’s largest coffee chain, with more than twice as many locations as Starbucks there. Its two New York City stores are its first foray outside Asia, where it has over 24,000 locations across the region. By comparison, there are over 17,000 Starbucks in the United States.
Its CEO, Guo Jinyi, called the U.S. “a strategically important market” for the company’s expansion in a press release heralding the two new locations Wednesday. “We are excited to introduce a diverse and unique coffee experience to American consumers.”
The company, which didn’t respond to a request for comment, has touted its ambitions to expand globally but hasn’t publicly detailed its next moves in the U.S. or other markets.
The chain has gained success overseas through creative drinks like alcohol-infused coffees and fruit lattes, along with its smartphone-centric ordering model. The app-based approach makes it easier to track inventory, send personalized appeals to consumers and serve drinks quickly, said John Zolidis, an analyst who tracks Luckin and Starbucks at the brokerage firm he founded, Quo Vadis Capital.
“Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China,” he said.
Zolidis said how Luckin fares on Starbucks’ home turf will depend on its ability to differentiate its menu from other major U.S. coffee chains and smaller, independent cafes. Its American lineup already includes distinctive drinks like blood orange cold brew and coconut lattes.
“These orange drinks, or one of their most successful, a coconut cloud latte — that’s how you get trial [customers] from the U.S.,” Zolidis said.
Luckin faced financial troubles during the pandemic. It was delisted from Nasdaq in 2020 after its stock plunged following an internal investigation that found an executive had falsified revenue reports. The company filed for bankruptcy in the U.S. the following year but emerged from proceedings in 2022 and its sales have soared since, reaching $4.7 billion worldwide in fiscal year 2024, a 38.4% increase from 2023.
Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China.
John Zolidis, Founder, Quo Vadis Capital
Starbucks, by contrast, is struggling in both the U.S. and China. Its same-store sales in the U.S. declined 2% and its sales in China 8% in fiscal year 2024, and it reported in April that its quarterly profit was half of what it pulled in for the same period last year. The Seattle-based chain is reportedly looking to partially sell its business in China while revamping its U.S. strategy to focus on customer experience and human connection, in contrast with Luckin’s model.
“We veered away from, I think, owning the idea of the ‘third place,’ the coffeehouse experience, making sure that the customer was front and center,” Starbucks CEO Brian Niccol told NBC News in June.
A Starbucks spokesperson declined to comment.
Zolidis said that whereas Starbucks aims in both the U.S. and China to appeal to customers looking for higher-end coffee served in an inviting setting, Luckin has successfully positioned itself as the “everyman’s coffee” in China, with low prices and small, grab-and-go storefronts.
After taking the train in from Hoboken, New Jersey, to check out the new one in midtown, Samantha Coy said the trip was worth it. She had enjoyed Luckin in China previously and was eager to order one of its fruit drinks.
“I’m surprised Starbucks hasn’t tried to bring that over to the U.S.,” Coy said. “I hope they stay open.”
Zolidis said he thinks Luckin is well-positioned to gain a foothold in America.
“They’ve been able to operate and grow incredibly quickly in the Chinese market, much faster than I would have thought possible, and they’ve been able to sustain it and develop a strong financial model so they can fund their expansion in the U.S.,” Zolidis said. “They wouldn’t be coming here to try it if they didn’t think they had a shot of owning part of the market.”
South Harz Potash Limited (SHP:AU) has announced Corporate Update
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About finlay minerals ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100% owned properties in northern British Columbia : the PIL and ATTY properties in the Toodoggone (13,374 hectares (‘ha’)), the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag & the JJB Cu Properties (41,655 ha) in the Bear Lake Corridor. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.
The PIL and ATTY Properties are fully and sole funded by Freeport-McMoRan through 6-year Earn-In Agreements; the JJB, SAY and Silver Hope 2025 exploration programs are fully funded by Finlay.
Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown , P. Eng.
President, Executive Chairman of the Board & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, corporate plans. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
SOURCE finlay minerals ltd.
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As it advances its portfolio of gold assets in Western Australia’s prolific Pilbara gold province and New Zealand’s Otago Schist Belt, New Age Exploration presents a compelling investor value proposition, supported by a lean, discovery-driven strategy and an experienced technical team.
New Age Exploration (ASX:NAE) is building a pure-play gold exploration story centered on high-quality assets in tier-one jurisdictions in Western Australia and New Zealand. The company’s clear strategy is to operate in geological corridors already proven by major discoveries, while applying modern, cost-effective exploration techniques to define new zones of mineralization.
In Western Australia, the company’s Wagyu gold project is directly along strike from De Grey Mining’s Hemi discovery – now owned by Northern Star Resources (ASX:NST). In New Zealand, its projects – Lammerlaw and Otago Pioneer Quartz – lie within the same regional structure that hosts OceanaGold’s (TSE:OGC) 5 Moz Macraes deposit and Santana Minerals’ (ASX:SMI) rapidly growing Rise & Shine system.
With gold prices hovering at all-time highs, NAE’s approach favours technology-led targeting, rather than brute-force drilling campaigns, by using geophysics, geochemistry and passive seismic to zero in on structurally controlled gold systems with potential for scale.
All its projects are supported by local technical teams and seasoned exploration leadership, allowing concurrent progress and capital-efficient deployment. Recent programs at Wagyu and Lammerlaw have confirmed early-stage discoveries, and both assets are advancing through their next stages of drilling and target definition.
The Wagyu gold project is New Age Exploration’s flagship asset located in the highly prospective Central Pilbara region of Western Australia. The project is strategically situated between two major gold systems – Northern Star’s Hemi Gold Deposit (11.7 Moz gold resource) and the Withnell deposit – within the Mallina Basin, which hosts a similar intrusive-style orogenic gold mineralizing system. NAE holds exploration license E47/2974, which covers 136 sq km. Since acquiring the project, NAE has conducted extensive early-stage exploration, beginning with the reinterpretation of geophysical datasets, including airborne magnetics, radiometrics and satellite imagery, to delineate potential Hemi-style intrusions and structurally hosted gold targets.
Wagyu gold project location map
The company-initiated fieldwork in April 2024, completing soil sampling, gravity surveys and passive seismic geophysical surveys to refine drill targets. These efforts culminated in an extensive aircore drilling campaign (257 holes, over 7,000 m drilled), which identified a broad, crescent-shaped gold anomaly approximately 1.5 km in strike length. Notable results included intercepts such as 5.3 grams per ton (g/t) gold over 4 m (including 15.6 g/t gold over 1 m) and 2.7 g/t gold over 2 m. Encouraged by these results, the company completed its maiden RC program in March-April 2025, drilling 3,023 m across 33 holes targeting two high-priority gravity anomalies. Assays released in May 2025 confirmed a shallow oxide gold system and evidence of underlying mineralized structures, including 1.26 g/t gold over 5 m from 31 m (WRC029), 1.32 g/t gold over 3 m from 43 m (WRC031), and 1.44 g/t gold over 2 m from 83 m (WRC009). Numerous other holes returned mineralized intervals of 0.5 to 0.8 g/t over broad zones.
Importantly, geological logging and geophysical modeling support the presence of vertical feeder structures, interpreted as potential gold-bearing intrusions and fault-hosted ‘pipes,’ similar to Hemi’s discovery model. The Wagyu system remains open in all directions, with multiple untested gravity targets and deeper feeder zones yet to be explored. A follow-up RC campaign is planned for Q3/2025, focused on extending mineralization and chasing those deeper pipe-like structures beneath the supergene blanket.
Lammerlaw permit occurs in the southern limb of a regional fold feature characterised by a change in metamorphic grade from upper greenschist (purple) to lower greenschist (green).
The Lammerlaw gold and antimony project is located in the Otago Schist Belt, a prolific gold-bearing region in the South Island of New Zealand. The project spans 265 sq km and is held under Exploration Permit EP60807. The area is renowned for its historic gold production and geological similarity to OceanaGold’s Macraes Mine, New Zealand’s largest active gold mine with more than 5 Moz in resources. NAE acquired the project through a competitive acreage release and has since completed desktop studies, field mapping and geochemical sampling, which identified multiple 2 to 4 km-long gold-antimony soil anomalies aligned with historical workings.
During 2023-2024, the company identified nine high-priority drill targets based on soil geochemistry (gold, antimony, arsenic, tungsten), historic production data and structural mapping. NAE mobilized a Phase 1 RC drill program in early 2025, designed to test structurally hosted vein systems within both brittle and ductile deformation zones. This work confirmed the presence of gold and antimony mineralization in several targets, though results are still under review. Access to some targets is subject to Department of Conservation approvals, which the company is pursuing concurrently. A Phase 2 drill campaign is planned for Q1/2026, pending access approvals and final interpretation of current results.
Overview of prospects locations within the OPQ Gold Exploration Project.
The Otago Pioneer Quartz (OPQ) project is in Central Otago within the historic Gabriel’s Gully gold district, the epicenter of the 1860s Otago gold rush. The project lies within the same regional schist belt that hosts OceanaGold’s Macraes operation. NAE acquired the OPQ tenement to secure additional exposure to high-grade shear-hosted and orogenic gold systems in the Otago region. The area is characterized by low-sulphide gold quartz veins associated with greenschist facies metamorphic rocks and late-stage brittle faulting.
While still early-stage, the company has conducted preliminary soil sampling and mapping across the tenement to delineate mineralized structures. Historical records suggest significant past production from alluvial and hard-rock sources, though modern exploration has been minimal. Given its proximity to known gold-bearing shear zones and favourable host rocks, OPQ remains a high-priority, low-cost exploration asset for future campaigns.
Going forward, NAE intends to conduct detailed geochemical and structural mapping, followed by scout drilling at known historical workings. The project remains a capital-light optionality play with future drill programs dependent on results from Lammerlaw and Wagyu.
Alan Broome is a highly respected figure in the Australian mining industry with more than 40 years of experience across mining, metals and mining technology. A metallurgist by training, Broome has served as chairman and director of numerous ASX-listed and private companies, contributing to significant exploration and development successes. His leadership brings deep strategic insight and a proven track record in guiding discovery-stage companies through to project advancement.
A capital markets executive with deep ASX and venture experience, Joshua Wellisch leads strategic and operational execution for NAE’s projects. Wellisch is also currently a director of NRG Capital, specialising in capital raisings, corporate structuring and the facilitation of ASX listings and was formerly managing director of Kairos Minerals Limited.
Appointed in 2025, Peter Thompson brings 35+ years of exploration leadership including stints at Western Mining, Anaconda Nickel, and as CEO of St Barbara. He led redevelopment of Beaconsfield Gold Mine, spearheaded the acquisition, listing and development of the Karlawinda gold deposit and was instrumental in the discovery and advancement of large volcanogenic massive sulphide deposits in Mongolia.
James Pope is a highly experienced minerals sector professional with nearly 30 years in exploration, consulting and research across a broad range of commodities including gold, PGE, diamonds, base metals, coal and coal seam gas. He currently leads Strata Geoscience, a specialised geoscience consultancy based in Christchurch, New Zealand. Throughout his career, Pope has progressed from hands-on geological mapping and drill site supervision to leading multidisciplinary teams of up to 50 professionals delivering exploration, resource assessment, engineering and environmental services.
Kerry Gordon is a seasoned minerals sector professional with nearly 25 years of experience spanning exploration, resource development and operations. He is currently a principal at Strata Geoscience, and has worked across New Zealand, Australia, Papua New Guinea, Vietnam and Mongolia on projects involving gold, critical metals (antimony, tungsten), coal, coal seam gas, and conventional petroleum. Gordon is an expert at managing exploration programs in remote and technically demanding environments, with a strong focus on field-based geological techniques, complex drilling and downhole logging operations, and logistical coordination.