Noronex Limited (ASX: NRX) has issued an update regarding exploring its copper projects in Namibia. The company is actively conducting an exploration program on its 100%-owned licenses located in the Kalahari Copper Belt. An important milestone is the commencement of a maiden 4,000-meter drill program at the Humpback project, set to begin by the end of this month. This program will target high-priority copper exploration prospects at the Fiesta and Blowhole sites.
To enhance the effectiveness of the exploration efforts, the company has collected orientation soil samples over known mineralized areas. The aim is to identify and explore previously untested extensive structural features along the strike from these known mineralized regions. Noronex has secured full funding for the upcoming drill program through a recent placement and underwritten entitlement issue.
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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.