Noronex Limited has commenced diamond drilling at the Fiesta Copper Project in Namibia’s Kalahari Copper Belt, underpinned by funding from South32 Limited. The initiative seeks to confirm copper-silver mineralization and evaluate the project’s size. The company has shown a YTD price performance of 40% and holds a market cap of A$7.24 million.
Noronex Limited has initiated diamond drilling at the Fiesta Copper Project located in Namibia’s Kalahari Copper Belt. This drilling program aims to explore depth extensions and acquire geological insights into the area’s mineralization. Funded by South32 Limited through an earn-in agreement, the project seeks to confirm significant copper-silver mineralization and evaluate the potential size of the Fiesta system. The drilling activities are intended to assess both the width and depth of the mineralization, with aspirations to extend the system’s strike, which remains open to the west.
Noronex Limited is an exploration firm dedicated to the mining sector, with a particular focus on discovering and developing copper projects. The company specializes in exploring Namibia’s Kalahari Copper Belt, targeting the identification of notable copper-silver mineralization. Recently, Noronex has demonstrated a year-to-date price performance of 40.0%, with an average trading volume of 1,543,429, reflecting a strong market interest. The current market capitalization of the company stands at A$7.24 million, positioned with a technical sentiment signal indicating a strong buy.
In summary, Noronex Limited is undertaking diamond drilling at its Fiesta Copper Project to investigate depth extensions and gain crucial geological insights. This initiative is supported by South32 Limited, underlining the strong potential for copper-silver mineralization in the Kalahari Copper Belt. With a positive market sentiment and substantial stock performance, Noronex is poised for further exploration and development.
Original Source: www.tipranks.com
