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An update from Noronex Ltd. ( (AU:NRX) ) is now available.
Noronex Limited has announced significant progress in its exploration activities, particularly in Namibia and Botswana. The company has reported promising copper intercepts from its Fiesta Copper Project in Namibia and has initiated a 7,000m RC drilling program at the Powerline Project. Additionally, Noronex has expanded its strategic alliance with South32 to include new tenements in Botswana, with a commitment of up to A$5 million over five years. The company has also identified new uranium targets at the Etango North Uranium Project and completed a $750,000 placement to support ongoing exploration efforts. These developments are expected to strengthen Noronex’s position in the mining sector and potentially lead to new discoveries.
More about Noronex Ltd.
Noronex Limited is a company operating in the mining industry, focusing primarily on the exploration and development of copper and uranium projects. The company is actively engaged in projects across Namibia and Botswana, particularly in the Kalahari Copper Belt, and is involved in strategic alliances to enhance its exploration capabilities.
Average Trading Volume: 806,204
Technical Sentiment Signal: Buy
Current Market Cap: A$9.29M
For a thorough assessment of NRX stock, go to TipRanks’ Stock Analysis page.