New Age Exploration Limited (ASX: NAE) has advised that it has received significant correspondence from New Zealand Petroleum & Minerals (NZP&M) concerning its participating interests in three New Zealand minerals permits. New Age Exploration Limited is a mineral exploration company with projects focused on various commodities. The announcement, dated 10 November 2026, specifically refers to the Lammerlaw Gold-Antimony Project in Otago, New Zealand, where NAE holds these affected interests. NZP&M informed the company that its participating interests in these critical permits have officially vested in the Crown.
This vesting occurred as a direct consequence of New Age Exploration’s removal from the New Zealand Companies Register. As at the date of the announcement, the Minister of NZP&M has not yet made any definitive determination relating to the potential surrender or transfer of these permits, leaving the future status of the Lammerlaw Gold-Antimony Project in a state of uncertainty for the ASX-listed explorer. The permits are foundational to NAE’s operations in the region, making this development a key focus for the company.
In light of these developments, New Age Exploration Limited is taking proactive steps to address the situation. The company, with the assistance of its New Zealand legal counsel, is currently investigating all available options to reinstate its registration on the Overseas Companies Register in New Zealand. However, NAE has also made it clear that it is unable at this time to guarantee that it will be successful in being reinstated or re-registered, nor can it assure that its participating interests in the Lammerlaw Gold-Antimony Project will vest back in the company. NAE has committed to providing further updates to the market as material information becomes available.
