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Noronex Ltd. ( (AU:NRX) ) has issued an update.
Noronex reported a highly active December 2025 quarter marked by major reverse circulation drill programs at its Powerline Copper Project in Namibia and under a new earn-in agreement with South32 at Cgae Cgae in Botswana, where early results at Powerline, including a 9m intercept grading 0.45% copper and 43g/t silver, validate its geological targeting strategy. The company also moved to streamline its portfolio and strengthen its balance sheet by agreeing to sell its non-core Witvlei asset for A$4.5 million in staged payments and completing a A$750,000 strategic placement, with proceeds earmarked to fund a maiden drilling campaign at the Etango North Uranium Project scheduled to start in February 2026, underpinning a broader push to unlock value from its extensive Kalahari Copper Belt and Namibian uranium holdings.
The most recent analyst rating on (AU:NRX) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Noronex Ltd. stock, see the AU:NRX Stock Forecast page.
More about Noronex Ltd.
Noronex Limited (ASX: NRX) is an exploration company focused on copper and uranium, with a substantial landholding of roughly 9,789km² across the under-explored Kalahari Copper Belt in Namibia and Botswana. Its projects target copper mineralisation at the key NPF–D’Kar formation contact, and it is also advancing the Etango North Uranium Project in Namibia, supported by exploration partnerships including an earn-in and strategic alliance with global miner South32.
Average Trading Volume: 680,122
Technical Sentiment Signal: Buy
Current Market Cap: A$9.37M
For an in-depth examination of NRX stock, go to TipRanks’ Overview page.