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The latest update is out from Noronex Ltd. ( (AU:NRX) ).
Noronex Limited has commenced a significant 7,000-meter Reverse Circulation drilling program at the Powerline Project in Namibia, targeting large domal features identified through aeromagnetic data. This initiative, funded by South32 under an earn-in agreement, aims to explore the copper-host horizon at the base of the D’Kar Formation, which is known for its large copper deposits. The drilling will test numerous targets, including the Steenbok target, over the fiscal year 2026, with the potential to refine future exploration efforts and enhance Noronex’s positioning in the copper exploration industry.
More about Noronex Ltd.
Noronex Limited is a company operating in the mining industry, focusing on exploration projects. Its primary focus is on copper exploration, particularly in the Kalahari Copper Belt region. The company is working in partnership with South32 Limited to explore and develop copper resources.
Average Trading Volume: 667,674
Technical Sentiment Signal: Sell
Current Market Cap: A$7.35M
See more data about NRX stock on TipRanks’ Stock Analysis page.