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The latest announcement is out from Noronex Ltd. ( (AU:NRX) ).
Noronex Ltd. has formed a strategic alliance with South32 to enhance its exploration efforts for major new copper deposits in the Kalahari Copper Belt. This move aims to capitalize on the region’s potential as a major new source of copper supply, with notable deposits already present. The alliance is expected to strengthen Noronex’s position in the mining industry, potentially leading to increased production and attracting stakeholder interest due to the district’s fast-track permitting process.
More about Noronex Ltd.
Noronex Ltd. operates in the mining industry, primarily focusing on the exploration and discovery of large-scale copper deposits. The company is actively working in the Kalahari Copper Belt, a rapidly developing copper district known for its significant copper resources and favorable permitting regime.
YTD Price Performance: 50.0%
Average Trading Volume: 775,022
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$7.5M
For an in-depth examination of NRX stock, go to TipRanks’ Stock Analysis page.
