# NAE: Broad Alteration and Sulphide Zone Logged at Wallah Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nae-broad-alteration-and-sulphide-zone-logged-at-wallah--059f08e6-7743-49e1-a327-fb85fe894d11 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03148876 Publisher: asx Original announcement: 2026-10-06T00:09:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-06T01:02:46.482Z Atlas analysis updated: 2026-10-06T01:02:46.482Z - Company: NEW AGE EXPLORATION LIMITED - Ticker: NAE - Exchange: ASX - Region: New South Wales - Primary commodity: Silver - Secondary commodities: Zinc, Lead, Copper - Document categories: Other, Drill results - Extracted: 2026-10-06 01:02:47 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary New Age Exploration Limited has completed Phase 1 drilling at its Wallah Silver Project in NSW, logging a broad zone of alteration and sulphide mineralization visually wider than previously known. The single drill hole intersected multiple vein sets with pyrite, sphalerite, galena, and minor chalcopyrite. Assay and downhole geophysical results are pending and expected in Q4 CY26, which will inform future drilling plans. Reasoning: Phase 1 drilling at Wallah Silver Project intersected a visually broad zone of alteration and sulphide mineralization, significantly wider than previously known, which is encouraging for the project's scale. However, the economic significance is unconfirmed as laboratory assay results are pending. - Positive factor: Broad alteration and sulphide zone logged - Positive factor: Estimated true width of alteration is more than triple previously known - Positive factor: Presence of sphalerite and galena \(historically associated with silver\) - Positive factor: Step-out drilling successful in intersecting target - Negative factor: No assay results reported \(visual estimates only\) - Negative factor: Economic significance of visual observations is unknown - Negative factor: Reduced drill program from two holes to one Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 1 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The announcement includes a JORC Code \(2012 Edition\) Table 1 detailing sampling techniques, drilling techniques, drill sample recovery, logging, location of data points, and sample security. Evidence · text > Section 1 Sampling Techniques and Data **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The announcement includes a Competent Person's Statement by Mr Owen Greenberger, a Member of the Australian Institute of Geoscientists. Evidence · text > COMPETENT PERSON’S STATEMENT The information in this announcement that relates to Exploration Results is based on information compiled and reviewed by Mr Owen Greenberger, who is a Member of the Australian Institute of Geoscientists \(no. 7208\). **Step-Out Extension** Polarity: positive Story-specific tag Definition: Mineralization extended beyond the previously known limit. Why it applies: The drill hole was designed to test the down-dip extension of known mineralization. Evidence · text > The hole was designed to test the down-dip extension of known high-grade, silver-rich, intrusion-related polymetallic mineralisation beneath the historic Walla Walla Silver-Lead Mine **Apparent Width Only** Polarity: negative Story-specific tag Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The widths of the newly identified sheeted vein sets are reported as apparent widths, not true widths. Evidence · text > five new sub-vertical sheeted vein sets, 1.55 to 10.50m wide \(apparent3\) **No Assay Results** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The announcement reports visual observations only, with no laboratory assay results provided. Evidence · text > No Sampling or assay results are released in this announcement. ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### WWRC010/WWDT010 [Link to this fact](https://atlas-staging.minestarters.com/news/nae-broad-alteration-and-sulphide-zone-logged-at-wallah--059f08e6-7743-49e1-a327-fb85fe894d11#fact-drill-facts-0) Wallah #### Identity - Hole ID: WWRC010/WWDT010 - Project: Wallah - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: NAE #### Geometry - Hole Depth: 225.7 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 680268.4 - Northing: 6178248 - CRS: MGA Zone 55 \(GDA2020\) - Azimuth: 92.6 ° - Dip: -60.4 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Orange - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Details of the completed exploration drill hole are provided, including location and depth, with appropriate QA/QC disclosure, but without assay results. - Positive factor: Drill program completed as planned - Positive factor: Location details provided - Positive factor: QA/QC and QP sign-off disclosed - Negative factor: No assay results reported Evidence · table > WWRC010 Context: 91.53 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.