Noronex Ltd. (AU:NRX) has released an update.
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Noronex Ltd has struck a significant deal with South32, securing an A$15 million investment over five years to accelerate copper exploration in Namibia’s Kalahari Copper Belt. Through this partnership, South32 will acquire a 60% interest in Noronex’s Humpback-Damara Project by funding the exploration. The alliance also aims to explore and develop new copper and base metal opportunities within the region, which is known for its untapped potential for large-scale copper discoveries.
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