Noronex Limited (ASX: NRX) is a copper exploration company with key projects in the Kalahari Copper Belt across Namibia and Botswana, and in Ontario, Canada. The company has secured two new prospecting licences in Botswana, covering 1,467 km² of highly prospective, previously unexplored ground adjacent to a major BHP-Cobre partnership area. These new licences align with Noronex’s strategy to explore the underexplored basin margins believed to host copper mineralisation similar to Zambia’s Copperbelt. The company awaits environmental approval to commence soil sampling in Botswana and has pending results from recent drilling at the Damara Copper Project in Namibia. Noronex also holds a 10 Mt @ 1.3% Cu JORC Resource at its Witvlei Project. With plans to leverage modern exploration technologies, the company aims to expand its copper resource base and unlock new discoveries. A new subsidiary, Tilodi Metals Botswana, has been established to manage operations in Botswana.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.