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Noronex Ltd. ( (AU:NRX) ) has issued an announcement.
Noronex Limited has entered into an earn-in agreement with South32, allowing the latter to acquire a 60% interest in Noronex’s Cgae Cgae Copper Project in Botswana by investing A$5 million over five years. This strategic partnership aims to enhance copper exploration in the Kalahari Copper Belt, with a 3,000m RC drilling program set to begin soon. This collaboration is expected to bolster Noronex’s exploration capabilities and strengthen its position in the copper mining sector, potentially leading to significant discoveries and advancements in the region.
More about Noronex Ltd.
Noronex Limited is a company operating in the mining industry, focusing on the exploration and development of copper projects. It is particularly active in the Kalahari Copper Belt, spanning Namibia and Botswana, where it aims to discover new base metal deposits.
Average Trading Volume: 735,005
Technical Sentiment Signal: Buy
Current Market Cap: A$9.91M
For a thorough assessment of NRX stock, go to TipRanks’ Stock Analysis page.