Noronex Appoints Drilling Contractor for Maiden Program at Etango North Uranium Project

Noronex Ltd. ( (AU:NRX) ) has issued an update.

Noronex has appointed a drilling contractor for its maiden reverse-circulation drilling program at the Etango North Uranium Project in Namibia, with work expected to begin shortly. The campaign will test multiple high-priority uranium and thorium anomalies and alaskite extensions defined by a 2025 ground spectrometry survey, supported by recent remote sensing and lithostratigraphic interpretation that have refined the geological model and highlighted favourable domal and structural settings for alaskite-hosted uranium. Etango North, where Noronex can earn up to an 80% interest, lies immediately along strike from Bannerman’s large Etango development and close to the Rossing and Husab mines, underscoring the project’s potential significance. Management describes the program as a key milestone that could deliver a greenfields uranium discovery while the company continues to progress its broader copper exploration portfolio in Namibia and Botswana, potentially enhancing its growth profile in the African energy metals sector.

The most recent analyst rating on (AU:NRX) stock is a Hold 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 is an ASX-listed mineral exploration company focused on uranium and copper projects in southern Africa, with key assets in Namibia and Botswana. The company is advancing the Etango North Uranium Project in Namibia’s established hard-rock uranium district, located along strike from Bannerman Energy’s Etango development and near the Rossing and Husab uranium mines, positioning it strategically within one of the world’s premier uranium regions.

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Technical Sentiment Signal: Sell

Current Market Cap: A$8.74M

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