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Noronex Ltd. ( (AU:NRX) ) has shared an announcement.
Noronex has begun an extensive ground gravity survey over the northern portion of its Cgae Cgae Copper-Silver Project in Botswana, targeting covered Kalahari Copper Belt stratigraphy and structures where geological data is scarce. The program, funded under an earn-in agreement with a South32 subsidiary, is intended to improve understanding of basin architecture and structural frameworks that may host copper-silver mineralisation.
The gravity work complements a recently completed 35-hole, 2,655-metre scout reverse circulation drilling program in the southern licence area, which focused on characterising sub-surface geology rather than directly defining ore bodies. Assay results from this first-pass drilling are pending, and together with the new gravity data are expected to refine drill targeting and shape the next phase of exploration, potentially enhancing Noronex’s positioning within the prospective Kalahari Copper Belt.
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 exploration company focused on copper and silver projects, with a key asset in the under-explored Kalahari Copper Belt in north-western Botswana. The company is advancing its Cgae Cgae Copper-Silver Project through a systematic, staged exploration strategy aimed at defining new mineralised targets beneath extensive Kalahari cover.
Average Trading Volume: 852,598
Technical Sentiment Signal: Sell
Current Market Cap: A$8.81M
For detailed information about NRX stock, go to TipRanks’ Stock Analysis page.