Noronex and South32 Collaborate on Copper Discoveries in Namibias Kalahari Copper Belt

South32 (ASX: S32) pledges AU$3 million annually for five years towards exploration at Noronex's (ASX: NRX) Humpback-Damara Copper Project in Namibia, with the opportunity to acquire a 60% stake by investing AU$15 million over five years. A Strategic Alliance between South32 and Noronex aims to target new base metal ventures in Namibia. Operations include an immediate gravity survey and upcoming drilling at the promising Fiesta and Damara Projects. Noronex announces a partnership with South32 to expedite copper exploration in Namibia, wherein South32's investment will grant them a substantial interest in Noronex's subsidiary and unlock a strategic alliance for collaborative project development in Namibia.

Noronex holds an extensive exploration area of over 8,500km², including key sections of the Kalahari Copper Belt in Namibia, a region known for its significant copper deposits. Noronex has secured an Earn-In Agreement for various Exclusive Prospecting Licences and applications within the Kalahari Copper Belt, positioning the company strategically for copper exploration and potential resource discovery in the region.

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