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An update from Noronex Ltd. ( (AU:NRX) ) is now available.
Noronex has reported further encouraging assay results from its ongoing 7,000m RC drilling program at the Powerline Copper Project in Eastern Namibia, where approximately 5,300m across 23 holes have now been completed at the Steenbok, Qembo and Zambinda domes. New copper-silver intercepts at the Qembo and Steenbok targets, including up to 4m at 0.58% copper and 69g/t silver and 9m at 0.24% copper and 29g/t silver, confirm mineralisation along the key D’Kar-NPF contact and demonstrate continuity with earlier results, strengthening the project’s structural and stratigraphic model. With drilling now shifted east to test the Zambinda Dome and all work funded by South32 under the earn-in arrangement, the results validate Noronex’s targeting strategy and enhance the exploration potential of its ground in the Kalahari Copper Belt amid strong copper and silver prices.
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 a mineral exploration company focused on copper and silver projects, with key assets in the under-explored Kalahari Copper Belt spanning Namibia and Botswana. The company is advancing its Powerline Copper Project in Eastern Namibia through a 7,000m reverse circulation (RC) drilling program funded under an earn-in agreement with a wholly owned subsidiary of diversified mining group South32.
Average Trading Volume: 700,024
Technical Sentiment Signal: Buy
Current Market Cap: A$9.37M
See more data about NRX stock on TipRanks’ Stock Analysis page.