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Noronex Ltd. ( (AU:NRX) ) has provided an update.
Noronex Limited has announced significant progress in its exploration efforts at the Fiesta Copper Project in Namibia, reporting a notable copper-silver intercept. The recent drilling results have extended the copper system to over 4.5 kilometers, with the program funded by a South32 Limited subsidiary. These developments highlight Noronex’s potential for a major copper discovery, aided by advanced geophysical techniques and ongoing exploration at the Damara Project. This progress underscores a strong positioning for Noronex in the copper mining sector, potentially impacting stakeholders positively.
More about Noronex Ltd.
Noronex Limited operates in the mining industry, focusing on the exploration and development of copper and associated minerals. The company is particularly active in the Kalahari Copper Belt in Namibia, aiming to discover large-scale copper deposits.
YTD Price Performance: 9.09%
Average Trading Volume: 740,335
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6M
See more insights into NRX stock on TipRanks’ Stock Analysis page.
