New Age Exploration Ltd has completed the sale of its Lochinvar Metallurgical Coal Project, marking a strategic shift in its portfolio. The company entered into a definitive share sale agreement with Paladar Trading Ltd for its wholly owned subsidiary, Lochinvar Coal Limited, which holds the UK-based Lochinvar Project. Following the satisfaction of all conditions precedent, the transaction has now been finalized. In conjunction with the sale, New Age Exploration Ltd has executed a binding royalty deed with Lochinvar, securing a royalty of A$1.00 per tonne on the first 15,000,000 tonnes of any minerals, ores, or concentrates extracted and sold from the project. This arrangement holds the potential to generate up to A$15 million in royalties, contingent on the future successful development of the project by Paladar Trading Ltd. The move allows New Age Exploration Ltd to concentrate its exploration and development efforts on its core gold and lithium assets located in the Central Pilbara, Western Australia, and New Zealand—areas where the company sees significant growth opportunities and the potential for increased value creation. The reaction to this development presents a mixed sentiment among market observers. On the bullish side, the royalty agreement offers an attractive upside with potential earnings of up to A$15 million, while the reallocation of resources to promising gold and lithium projects is viewed as a forward-looking strategy that could enhance long-term growth prospects. Conversely, on the bearish side, the royalty income is dependent on the future development success of the coal project, and any delays or challenges in its execution could impact the anticipated benefits. Moreover, the shift away from the coal asset, which has historically provided cash flow, introduces an element of transition risk as the company repositions its focus.