Noronex Limited has obtained two prospecting licenses in Botswana near its Damara copper project in Namibia. These licenses cover around 1,500 square kilometers of the Kalahari Copper Belt. The company intends to initiate geochemical sampling and further drilling activities, as it capitalizes on the region’s mineral potential.
Noronex Limited has recently acquired two strategic prospecting licenses in Botswana, which are located along the Namibia-Botswana border and extend from its Damara copper project in Namibia. These licenses, covering nearly 1,500 square kilometers, showcase magnetic signatures indicating continuity and prospective mineralization associated with the renowned Kalahari Copper Belt.
The newly obtained licenses, held by Noronex’s subsidiary Senyetse Resources, encompass two areas of 721.87 square kilometers and 745.40 square kilometers. The company plans to establish a wholly-owned subsidiary in Botswana, named Tilodi Metals Botswana P/L, to manage these licenses. Noronex is optimistic about the growth potential in the Kalahari Copper Belt, especially after recent positive developments in the region, including a BHP earn-in deal with Cobre Ltd.
Noronex has undertaken drilling at the Otjiuapehuri prospect near the border, with seven holes drilled this year and pending laboratory test results. The geological understanding of the region remains limited due to the absence of prior drilling on the Botswana ground. Therefore, Noronex intends to initiate an orientation geochemical sampling program, subject to environmental approval, to gain insights into the mineral potential of the new licenced area.
The proposed sampling area is positioned just north of Cobre Limited’s Thul prospect in the Kitlanya West copper project, which shares a boundary with Noronex’s new licenses. Cobre has recently entered into an agreement with BHP Group for a potential earn-in, involving significant investments aimed at exploration within the Kalahari Copper Belt. BHP is set to commence activities in April, including deep diamond drilling and continued seismic surveys.
Given the burgeoning interest in the Kalahari Copper Belt, Noronex’s ongoing efforts to decipher its geology are vital. The company is also planning further drilling at its Namibian Fiesta target area, which has already shown encouraging results, including a notable intersection of 16 meters at 1 percent copper and 33 grams per tonne of silver.
In conclusion, Noronex Limited’s strategic directives to extend its exploratory activities into Botswana reflect a proactive approach in harnessing the mining potential along the Kalahari Copper Belt. The company remains poised for promising developments in both Botswana and Namibia, contingent on upcoming drilling and exploratory outcomes.
In summary, Noronex Limited’s acquisition of prospecting licenses in Botswana significantly enhances its exploration portfolio within the Kalahari Copper Belt. The company’s strategic drilling initiatives and positive geological indicators reinforce the potential for major copper discoveries, while ongoing partnerships and investments in the region underscore the growing interest in its copper resources. Future developments will be closely monitored as Noronex advances its exploration efforts in both Botswana and Namibia.
Original Source: thewest.com.au
