1. Limited Resources - New Age Exploration Limited has limited financial resources compared to its peers, which may limit its ability to invest in new projects and expand its operations.

2. Lack of Diversification - The company's focus on the exploration and development of mineral resources in Australia and the United Kingdom may limit its ability to diversify its operations and reduce its exposure to market risks.

3. Dependence on Commodity Prices - The company's profitability is highly dependent on the prices of the commodities it produces, which can be volatile and subject to fluctuations in global demand and supply.

4. Regulatory Risks - The company operates in highly regulated industries, which may expose it to legal and regulatory risks, including environmental and safety regulations.

5. Limited Market Presence - New Age Exploration Limited has a relatively small market presence compared to its peers, which may limit its ability to compete effectively in the global market.

6. Limited Access to Capital - The company's limited financial resources may make it difficult to access capital markets and raise funds for new projects and expansion.

7. Limited Operational Experience - The company has limited operational experience compared to its peers, which may limit its ability to manage complex projects and operations effectively.