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Noronex Ltd. ( (AU:NRX) ) has provided an announcement.
Noronex Limited has commenced a significant Reverse Circulation (RC) drilling campaign at its Cgae Cgae Copper Project in Botswana, in partnership with South32. The project aims to explore new large-scale copper discoveries beneath the Kalahari sands, leveraging geological models that suggest similarities to the Central African Copper Belt. This initiative is part of a broader strategic alliance with South32, which includes a commitment of A$1 million per quarter for exploration activities in the region. The drilling program represents a strategic move to unlock the copper potential of this under-explored area, potentially strengthening Noronex’s position in the copper mining sector.
More about Noronex Ltd.
Noronex Limited is a company operating in the mining industry, focusing on the exploration and development of copper resources. The company is primarily engaged in identifying and developing large-scale copper deposits, with a particular focus on the Kalahari Copper Belt in Namibia and Botswana.
Average Trading Volume: 799,684
Technical Sentiment Signal: Buy
Current Market Cap: A$10.52M
Find detailed analytics on NRX stock on TipRanks’ Stock Analysis page.