Blackstone Minerals (BSX:AU) has announced Share Purchase Plan Offer Booklet
Download the PDF here.
Blackstone Minerals (BSX:AU) has announced Share Purchase Plan Offer Booklet
Download the PDF here.
Waymo announced Tuesday that it is offering accounts for teens ages 14 to 17, starting in Phoenix.
The Alphabet-owned company said that, beginning Tuesday, parents in Phoenix can use their Waymo accounts “to invite their teen into the program, pairing them together.” Once their account is activated, teens can hail fully autonomous rides.
Previously, users were required to be at least 18 years old to sign up for a Waymo account, but the age range expansion comes as the company seeks to increase ridership amid a broader expansion of its ride-hailing service across U.S. cities. Alphabet has also been under pressure to monetize AI products amid increased competition and economic headwinds.
Waymo said it will offer “specially-trained Rider Support agents” during rides hailed by teens and loop in parents if needed. Teens can also share their trip status with their parents for real-time updates on their progress, and parents receive all ride receipts.
Teen accounts are initially only being offered to riders in the metro Phoenix area. Teen accounts will expand to more markets outside California where the Waymo app is available in the future, a spokesperson said.
Waymo’s expansion to teens follows a similar move by Uber, which launched teen accounts in 2023. Waymo, which has partnerships with Uber in multiple markets, said it “may consider enabling access for teens through our network partners in the future.”
Already, Waymo provides more than 250,000 paid trips each week across Phoenix, the San Francisco Bay Area, Los Angeles, Atlanta, and Austin, Texas, and the company is preparing to bring autonomous rides to Miami and Washington, D.C., in 2026.
In June, Waymo announced that it plans to manually drive vehicles in New York, marking the first step toward potentially cracking the largest U.S. city. Waymo said it applied for a permit with the New York City Department of Transportation to operate autonomously with a trained specialist behind the wheel in Manhattan.
Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max jets after a series of manufacturing and safety problems.
The tally was the highest since before a door plug from one of its new 737 Max 9 planes blew out midair in January 2024, sparking a new crisis for the company and slowing production and deliveries of aircraft. Of the monthly total, 42 were 737 Maxes, going to customers including Southwest Airlines, Alaska Airlines and United Airlines.
CEO Kelly Ortberg, who took the top job at Boeing last August, has said the company has made progress in improving production rates and quality on its factory lines.
For the three months ended June 30, Boeing handed over 150 airplanes, its best second quarter since 2018, before two crashes of Max planes five months apart grounded the jets and sparked a multiyear crisis at the top U.S. exporter. That was also the last year Boeing posted an annual profit. Its problems also gave rival Airbus a bigger lead over Boeing.
Boeing this spring had been producing about 38 Max aircraft a month and will need Federal Aviation Administration approval to go above that limit, which the agency set after the door plug accident. Ortberg said at a Bernstein investor conference in late May that he’s confident that the company could increase production to 42 of the jets a month.
The company booked 116 gross orders in June, or 70 net orders when including cancellations and accounting adjustments. Boeing often removes or adds orders to its backlog for a variety of reasons including customers’ financial health.
Boeing’s backlog stood at 5,953 as of June 30.
The manufacturer is set to report second-quarter financial results on July 29, when investors will be focused on Ortberg’s plan to increase production and aircraft deliveries.
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
The Trump administration revoked the terrorist designation for Hay’at Tahrir al-Sham, the militant group who overthrew President Bashar al’Assad and assumed control of the Syrian government.
The group was formed as Syria’s al-Qaeda branch. In an astounding turnaround, the group’s interim leader Ahmed al-Sharaa went from a $10 million U.S. bounty on his head to the de facto leader of Syria who scored a meeting with President Donald Trump in June.
Al-Sharaa had been campaigning hard for a relationship with Washington and sanctions relief: He offered to build a Trump Tower in Damascus, ease hostilities with Israel, and give U.S. access to Syria’s oil and gas. He worked to soften the image of Hay’at Tahrir al-Sham and promised an inclusive governing structure.
‘In consultation with the Attorney General and the Secretary of the Treasury, I hereby revoke the designation of al-Nusrah Front, also known as Hay’at Tahrir al-Sham (and other aliases) as a Foreign Terrorist Organization,’ Secretary of State Marco Rubio wrote in a memo made public Monday.
The move comes a week after Trump signed an executive order ending sanctions imposed on Syria. Trump said he’d lift the sanctions on Syria to give the nation, ravaged by decades of civil war, a chance at economic development.
Treasury Secretary Scott Bessent said that lifting sanctions would help Syria ‘reestablish ties to global commerce and build international confidence,’ while continuing to prevent ‘Assad, his cronies, terrorists, and other illicit actors from attempting to destabilize Syria and the region.’
HTS, a Sunni Islamist group, emerged out of Jabhat al-Nusra, Syria’s former al-Qaeda affiliate. The State Department under Trump in 2018 added HTS to the existing al-Nusra foreign terrorist designation.
Some sanctions still will need to be lifted by Congress. In a bipartisan pairing from opposite sides of the political spectrum, Reps. Ilhan Omar, D-Minn., and Anna Paulina Luna, R-Fla., recently introduced legislation to lift sanctions on Syria.
U.S. sanctions have included financial penalties on any foreign individual or company that provided material support to the Syrian government and prohibited anyone in the U.S. from dealing in any Syrian entity, including oil and gas. Syrian banks also were effectively cut off from global financial systems.
As Elon Musk moves forward with forming a third party in hopes of rocking the nation’s longstanding two-party system, the world’s richest person is reaching out to a one-time presidential candidate who has started his own independent party.
Musk, the billionaire CEO of Tesla and SpaceX who spent the first four months of President Donald Trump’s second administration as a special White House advisor steering the recently created Department of Government Efficiency (DOGE), spoke with Andrew Yang, Fox News has confirmed.
A source familiar with the conversation said that the two discussed Musk’s push to create the ‘America Party,’ which Musk aims to field some candidates in next year’s midterm elections.
‘I’m excited for anyone who wants to move on from the duopoly,’ Yang said in a statement to Fox News. ‘And I’m happy to help give someone a sense of what the path looks like.’ News of the conversation was first reported by Politico.
Yang grabbed national attention in the 2020 election cycle, as the entrepreneur went from an extreme longshot to briefly being a contender for the Democratic presidential nomination.
But Yang soured on the two-party system after an unsuccessful 2021 run for New York City mayor. He then formed the independent Forward Party, which has been recognized in a handful of states and aims to eventually gain ballot access from coast to coast.
Yang and Musk are far from strangers. Musk in 2019 supported Yang’s unsuccessful presidential bid.
Musk became the top donor of the 2024 election cycle, dishing out nearly $300 million in support of Trump’s bid through America PAC, a mostly Musk-funded super PAC aligned with Trump.
Trump named Musk to steer DOGE soon after the November election, and the president repeatedly praised Musk during his headline-making and controversial tenure at the cost-cutting effort.
But a feud between Musk and Trump broke out days after Musk left the White House in late May, as Musk dubbed the administration’s massive landmark spending bill – which Trump called his ‘big, beautiful bill’ – a ‘disgusting abomination,’ which he said would sink the nation into unsustainable debt.
Musk also argued that Trump would not have won last year’s presidential election without all of his support.
Musk announced the launch of the ‘America Party’ on his social media platform X on Saturday, a day after Trump signed the sweeping domestic policy package into law. The measure narrowly passed the Senate and House last week along near party-line votes in the Republican-controlled chambers.
Trump on Sunday ridiculed Musk’s move.
‘I think it’s ridiculous to start a third party,’ Trump told reporters. ‘It’s always been a two-party system, and I think starting a third party just adds to confusion.
The president added that ‘third parties have never worked. So, he can have fun with it, but I think it’s ridiculous.’
Starting an independent or third party, and gaining ballot access in states across the country, is extremely difficult.
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu met at the White House on Monday evening to cement a shared message: the U.S.-Israel alliance has reshaped the Middle East – and more is coming.
‘We had tremendous success together,’ Trump said during the public portion of their dinner meeting. ‘And I think it will only go on to be even greater success in the future.’
Netanyahu handed Trump a formal letter he sent to the Nobel Peace Prize committee. ‘It’s well-deserved,’ the prime minister said. ‘You’re forging peace as we speak, in one country and one region after the other.’
Trump appeared surprised. ‘Thank you very much,’ he replied. ‘Coming from you in particular, this is very meaningful.’
But behind the symbolism was a serious discussion about Iran, Gaza and what both sides see as an inflection point in regional diplomacy. Trump confirmed that Iran has requested new talks following the joint U.S.-Israeli strikes on its nuclear and missile infrastructure. ‘They want to meet. They want to work something out,’ he said. ‘They’re very different now than they were two weeks ago.’
Netanyahu called the military operation ‘a historic victory,’ adding that it ‘set back the two tumors that were threatening the life of Israel – the nuclear tumor and the ballistic missile tumor.’ But, he warned, ‘just like a tumor, it can grow back… You have to constantly monitor the situation to make sure that there’s no attempt to bring it back.’
Michael Makovsky, CEO of the Jewish Institute for National Security of America (JINSA), told Fox News Digital that one key goal of the meeting was to define red lines for future action.
‘The war with Iran was ended a little abruptly by Trump,’ Makovsky said. ‘The Israelis wanted to continue it a couple more days, or at least until there was an understanding with the U.S. about what would trigger another response.’
According to a new JINSA memo titled Not Over, those triggers could include Iran rebuilding air defenses, diverting enriched uranium or importing advanced missile technology. ‘We’ve always viewed military action as a campaign, not a one-off,’ Makovsky said. ‘Unfortunately, short of regime collapse in Tehran, this is going to be part of a series.’
Trump, however, emphasized his peacemaking ambitions. ‘I’m stopping wars,’ he said.
He said the Iran strike ‘turned out… to be obliterated,’ and praised the pilots involved: ‘They flew for 37 hours with zero problem mechanically. The biggest bombs we’ve ever dropped – non-nuclear. And we want to keep it non-nuclear, by the way.’
Turning to Gaza, Trump said he believes a ceasefire deal may be reached soon. ‘They want that ceasefire,’ he said, in reference to Hamas. Netanyahu echoed that desire, but reiterated that ‘certain powers, like overall security, will always remain in our hands. No one in Israel will agree to anything else. We don’t commit suicide. We cherish life.’
When asked whether his Palestinian relocation plan was still on the table, Trump initially deferred to Netanyahu, who responded by praising what he called ‘a brilliant vision.’
‘It’s called free choice,’ Netanyahu said. ‘If people want to stay, they can stay. But if they want to leave, they should be able to leave.’
He added that Israel is working closely with the United States to find countries willing to help realize this approach. ‘We’re getting close to finding several countries,’ Netanyahu said. ‘And I think this will give, again, the freedom to choose. Palestinians should have it. And I hope that we can secure it.’
Makovsky said Trump now sees Gaza and Iran as sequential ‘episodes.’ ‘He sees the war with Iran as a successful episode – it’s time to end that and pivot to peace,’ he said. ‘He wants to move toward expanding the Abraham Accords, particularly with Saudi Arabia.’
The two leaders also touched on Syria. ‘I think there’s an opportunity to explore,’ Netanyahu said, referencing recent shifts after the collapse of the Assad regime. Makovsky said Syrian President Ahmed al-Sharaa may be seeking ‘some sort of arrangement’ with Israel to gain U.S. support. ‘He’s incredibly flexible and practical,’ Makovsky noted.
As Netanyahu put it, ‘This has already changed the face of the Middle East.’ Trump added, ‘We’re on the way to a lot of great results.’
On Tuesday Netanyahu will meet with the speaker of the House, Mike Johnson, R-La.
As Planned Parenthood sues the Trump administration for provisions of the ‘big, beautiful bill’ defunding abortion providers, pro-life medical groups are urging Health and Human Services Secretary Robert F. Kennedy Jr. to reexamine the FDA’s broad approval of abortion drugs.
In a letter obtained by Fox News Digital, six anti-abortion medical organizations, representing approximately 30,000 medical professionals, urge Kennedy and FDA Commissioner Martin Makary to reinstate safety guards on the abortion pill mifepristone that have been removed since it was first approved in 2000.
According to the Guttmacher Institute, medication abortion accounts for 63% of all U.S. abortions. The most common form of medication abortion method involves ingesting mifepristone, a pill that cuts off progesterone flow to the womb, essentially starving the fetus of nutrients. A second pill, called misoprostol, is then ingested to expel the dead fetus.
Under the Biden administration, the FDA significantly expanded its approval of mifepristone, allowing the drugs to be obtained via telemedicine, without in-person doctor appointments and to be mailed.
In the letter, the groups, which include the American Association of Pro-Life OBGYNs, the Alliance for Hippocratic Medicine and the American College of Family Medicine, warn that the latest data on mifepristone ‘strongly suggests’ that hundreds of thousands of women have been harmed by using the drug.
Planned Parenthood states on its website that chemical abortion is ‘safer than many other medicines like penicillin, Tylenol, and Viagra.’ The letter, however, calls mifepristone ‘a high-risk abortion-inducing drug that is known to cause serious adverse effects and medical emergencies, including hemorrhage, sepsis, and incomplete abortions requiring surgical intervention.’
The letter cites two reports released this May, one by the Foundation for the Restoration of America and the other by the Ethics and Public Policy Center, that they say showed as many as one out of every nine women using mifepristone suffered serious adverse events.
The studies claimed that, based on an analysis of health insurance records covering 330 million U.S. patients of 860,000 women receiving mifepristone prescriptions, 10.93% of those women experienced sepsis, infection, hemorrhaging, surgical intervention or another serious adverse event within 45 days following use of the drug.
Based on this, the letter says that real-world data on mifepristone use ‘shows real patients experience very real medical emergencies at an alarming rate – a rate that is consistent with what our members are seeing in their clinical practice.’
‘The data strongly suggest that mifepristone poses a far greater risk of causing harm than previously stated. In fact, the risk of serious complications may be 22 times higher than previously disclosed,’ the letter states.
In light of this, AAPLOG and the other groups signing onto the letter are urging the FDA to conduct its own evaluation of real-world data to determine the overall safety of mifepristone in both the adult and adolescent populations.
The groups also urge Kennedy and Makary to reinstate reporting of all adverse events related to mifepristone use and reinstate the pre-2016 Risk Evaluation and Mitigation Strategies on the drug’s use, including limiting the use of the drug to seven weeks of gestation and requiring in-person dispensing as well as follow-up appointments.
The letter stressed that requiring ultrasounds is also essential to confirm the gestational age of the fetus, which the groups said is ‘crucial to accurately dating a pregnancy and determining the risk of complications.’
‘A basic tenet of medical ethics is informed consent – which requires a review of accurate risks and benefits of any proposed intervention that is specific to the patient sitting in front of us which is based on actual data, not ideologically-driven rhetoric,’ the letter states. ‘Women deserve to know the true risk of serious adverse events and medical emergencies after using mifepristone – no matter how politically charged the discussion surrounding this drug.’
‘Americans must be able to trust that no matter what, the FDA will rely on the most robust safety standards before and after approving any drug and that they can have truly informed consent by knowing what the risks to taking FDA-approved drugs are,’ the letter says.
The FDA’s broad approval of mifepristone has been the subject of intense legal debate in recent years, including in the Supreme Court. In 2024, the Supreme Court dismissed a case brought by the Alliance for Hippocratic Medicine challenging the FDA’s abortion pill approval on the grounds that the group lacked standing.
At the time, Dr. Jack Resneck Jr., then president of the American Medical Association, claimed that restricting mifepristone ‘would have devastating health consequences for people living in states where abortion is still legal.’
Resneck claimed that ‘hundreds upon hundreds of peer-reviewed clinical studies and decades of evidence-based research disprove the assertions of the plaintiffs in this case and demonstrate the safety of mifepristone,’ which he said, ‘has a safety profile comparable to ibuprofen.’
After the Ethics and Public Policy report was released, Dr. Céline Gounder, a CBS News medical contributor and editor-at-large for public health at KFF Health News, disputed the findings, accusing the study of lacking transparency and not disclosing its data source, according to CBS.
Gounder also said the study lacked a comparison group to examine how experiences compare to pregnant women not taking mifepristone.
A spokesperson for Danco, mifepristone’s manufacturer, also told the outlet that the company ‘stands confidently behind the product’s established safety and efficacy record.’
In a statement emailed to Fox News Digital, Dr. Christina Francis, an OB-GYN and CEO of AAPLOG, said the FDA’s deregulation of mifepristone ‘subjects pregnant women to an unacceptably low standard of care, leaving them vulnerable to life-threatening complications, and empowers abusers and traffickers who wish to force unwanted abortions on their victims.’
‘Our doctors have seen the devastating impact this recklessness has had on patients, which makes clear the dire need for the FDA to reprioritize women and girls by reexamining the drug’s safety and reinstating basic safeguards that should never have been lifted,’ she said.
The other groups that signed onto the letter are the Christian Medical and Dental Association, the American College of Pediatricians and the Coptic Medical Association of North America.
What is Elon Musk trying to do?
As the founder of Tesla and SpaceX pursues his quixotic effort to launch a new political party – the America Party – you have to wonder – does Musk really care about our government debt or is he very, very angry that President Donald Trump’s big, beautiful bill eliminated tax credits for Teslas and other electric vehicles? After all, ditching the tax breaks for EV helps cut spending. Musk can’t have it both ways.
After donating hundreds of millions of dollars to help elect Trump, being celebrated as the president’s right-hand man and spearheading the controversial effort to help cut government fraud and waste, Musk is likely irate – understandably– that he is not getting preferential treatment from the White House. Trump’s cavalier disregard of Musk’s concerns must have come as a hurtful shock.
As a result, Musk is lashing out – as he has done before – by insinuating that Trump had dealings with Jeffrey Epstein, for instance – determined to undermine the president and his agenda. Musk has given a lot to this administration. Tesla came under ruthless attack because Musk volunteered to guide DOGE; dealerships were firebombed and cars vandalized. Worse, customers walked away.
But launching a new political party is an especially risky way to go. Tesla’s stock sold off sharply on the news, ending up 40% off its 52-week high. The car company’s shareholders have already signaled they want CEO Musk to spend less time on politics and more on reviving Tesla’s mojo. While Musk has indicated that Tesla’s robotaxis are the wave of the future, and they may well be, the company today is not thriving.
The Wall Street Journal is reporting that Tesla is struggling in China, its second-largest market, losing market share to more advanced and cheaper EVs. In May, sales were down 30% from the year earlier, even as the sector overall grew 28%. In Europe, Tesla is suffering the same Trump-related reputational issues as here in the U.S. It is not a good time for Musk to become distracted.
It is also not a good idea for Trump to further inflame his former sidekick, as he recently did by calling Musk’s venture ‘ridiculous.’ Musk’s strategy for how he can gain significant political power (and sabotage Republicans) is clever and could damage Republicans. As he posted on X: ‘One way to execute on this would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts. Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people.’
The SpaceX owner explained in yet another post, ‘The way we’re going to crack the uniparty system is by using a variant of how Epaminondas shattered the myth of Spartan invincibility at Leuctra: Extremely concentrated force at a precise location on the battlefield.’
Musk has the money to influence a few races and, on today’s closely contested political battlefield, a few seats could give the America Party considerable influence. It could also eliminate the slim GOP majority in the House and Senate.
But … to what end? If edging out some Republicans hands control of Congress over to Democrats, Musk will have enabled even greater deficits. Has he forgotten the spending spree undertaken by Democrats while President Joe Biden was in the Oval Office? Does he remember how they treated him? Because Musk does not employ union labor, the Biden White House shunned him, and launched investigations into his businesses. Surely, he cannot pine for those days.
Musk’s party may be new, but the idea is not. Throughout history candidates and policymakers have railed at the inadequacies of our two main political parties, but few third-party ventures have made it out of the starting gate.
The most successful such effort in modern times was billionaire H. Ross Perot’s 1995 creation of the Reform Party of the United States. Three years earlier, Perot had run for president as an Independent, outspending both major party candidates and winning 19% of the vote. His participation in the race drained votes from the GOP candidate and gave the win to President Bill Clinton, who captured 43% of the vote and defeated incumbent President George H. W. Bush.
But when Perot ran again in 1996, representing his Reform Party, he attracted only 6% of the vote. The Reform Party’s biggest victory was the election of Jesse Ventura, who became governor of Minnesota in 1998. Its most important legacy was helping to inspire Republican Rep. Newt Gingrich’s Contract with America, which reset the GOP agenda and focused on many of the issues raised by Perot, including excess government spending.
U.S. debt, as a percentage of GDP, peaked just after World War II at 106%, declined steadily until 1974, when it stood at 23%; between 1974 and 1992, it more than doubled to 47%, a trend that energized Perot’s battle against government deficits and also delivered Gingrich’s call for a balanced budget amendment.
Today, rising deficits and debt are again driving discontent with our political establishment. Under President Barack Obama, our debt to GDP rose from 77% to 103%, Under Donald Trump, debt stabilized but then jumped to 133% of GDP when Congress adopted bipartisan bills designed to keep COVID-19 shutdowns from destroying the economy. Unhappily, emergency spending measures that were meant to be temporary were kept in place and even expanded under Joe Biden. Debt as a percentage of GDP has since declined only modestly, and at the end of last year totaled 121%. Musk and Republican deficit hawks are correct that spending must come down.
President Trump needs to reach out to Musk and settle their differences. Musk has caved before when Trump offered an olive branch; he will do so again. Both men can help each other, but both can also do significant damage – to each other and to the country.
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.