New Age Exploration Discloses New Zealand Permit Interests Vested in Crown After Register Removal

Shwetambri Chauhan

10 November 2026 12:56 PM AEDT

New Age Exploration Discloses New Zealand Permit Interests Vested in Crown After Register Removal

Image Source: Krish Capital Pty Ltd

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New Age Exploration Limited (ASX:NAE) has disclosed that its participating interests in three New Zealand minerals permits comprising the Lammerlaw Gold-Antimony Project in Otago, New Zealand, have vested in the Crown after the company was removed from the New Zealand Companies Register, according to a filing dated 10 November 2026.

Key Points

New Zealand Petroleum & Minerals (NZP&M) advised NAE that it was removed from the New Zealand Companies Register, resulting in its participating interests vesting in the Crown.
The affected interests relate to three New Zealand minerals permits comprising the Lammerlaw Gold-Antimony Project in Otago, New Zealand.
As at the date of the filing, the Minister of NZP&M had not made any determination relating to the surrender or transfer of the permits.
The company is investigating options to reinstate its registration on the Overseas Companies Register in New Zealand, with assistance from New Zealand legal counsel.

Lammerlaw Gold-Antimony Project Permit Status

New Age Exploration Limited received correspondence from New Zealand Petroleum & Minerals concerning the company's participating interests in three New Zealand minerals permits. These permits collectively comprise the Lammerlaw Gold-Antimony Project located in Otago, New Zealand. NZP&M advised the company that it had been removed from the New Zealand Companies Register and that, as a consequence, its participating interests in the permits comprising the Project have vested in the Crown. The company disclosed this information in its filing of 10 November 2026.

Ministerial Determination Pending on Permit Surrender or Transfer

As at the date of the filing, the Minister of New Zealand Petroleum & Minerals had not made any determination relating to the surrender or transfer of the permits comprising the Lammerlaw Gold-Antimony Project. The company did not disclose any further details regarding the timeline or process by which any such ministerial determination would be made. The filing did not specify the circumstances or timing of the company's removal from the New Zealand Companies Register.

Reinstatement to Overseas Companies Register Under Investigation

New Age Exploration disclosed that it is, with assistance from New Zealand legal counsel, investigating options to reinstate its registration on the Overseas Companies Register in New Zealand. The company stated that it is unable at this time to guarantee that it will be successful in being reinstated or re-registered to the Overseas Companies Register in New Zealand, or to have its participating interest in the Project vest back in the company. The company said it will provide further updates as material information becomes available.

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