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An announcement from Noronex Ltd. ( (AU:NRX) ) is now available.
Noronex has commenced its maiden reverse circulation drilling program at the Etango North Uranium Project in Namibia, marking the company’s first uranium-focused drilling campaign in the country. The program, carried out by Namibian contractor Ferrodrill, will test multiple high-priority subsurface uranium targets defined by ground spectrometry, remote sensing, and field mapping, including U/Th anomalies and interpreted extensions of alaskite-hosted mineralisation in structurally favourable settings typical of the central Namibian hard-rock uranium district. Success at Etango North could strengthen Noronex’s position in a world-class uranium province and complement its ongoing copper exploration activities in Namibia and Botswana, potentially broadening its resource base and strategic appeal to investors exposed to the energy-transition metals space.
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 (ASX: NRX) is an exploration company focused on uranium and copper projects in southern Africa, with current activities in Namibia and Botswana. The company is targeting hard-rock uranium mineralisation within Namibia’s established uranium district while continuing its broader base metals exploration portfolio.
Average Trading Volume: 752,812
Technical Sentiment Signal: Buy
Current Market Cap: A$9.37M
Find detailed analytics on NRX stock on TipRanks’ Stock Analysis page.