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Noronex Ltd. ( (AU:NRX) ) has provided an update.
Noronex Limited has announced promising initial assay results from its ongoing 7,000-meter Reverse Circulation drilling program at the Powerline Copper Project in Namibia. The drilling, funded through an agreement with South32, has identified a significant zone of copper-silver mineralization, validating the company’s geological model and exploration strategy. The project aims to explore the D’Kar-NPF contact horizon, with further drilling planned to assess the potential extensions of the mineralized zone. These findings are expected to enhance Noronex’s position in the copper mining sector and provide valuable insights for future exploration efforts.
More about Noronex Ltd.
Noronex Limited is a company operating in the mining industry, primarily focused on exploring and developing copper and silver projects. The company is actively engaged in the Powerline Copper Project located in eastern Namibia, targeting large-scale domal features within the Kalahari Copper Belt.
Average Trading Volume: 928,337
Technical Sentiment Signal: Sell
Current Market Cap: A$8.67M
See more data about NRX stock on TipRanks’ Stock Analysis page.