Noronex Ltd. has started diamond drilling at the Fiesta Copper Project in Namibia, supported by South32 Limited. The project aims to explore depth extensions and assess copper-silver mineralization. Year-to-date, the company has experienced a 40% price increase and maintains a strong buy sentiment.
Noronex Limited has commenced diamond drilling operations at the Fiesta Copper Project located in Namibia’s Kalahari Copper Belt. This development aims to explore depth extensions and enhance geological understanding of the area. Funded by South32 Limited through an earn-in agreement, the drill program seeks to confirm significant copper and silver mineralization while evaluating the potential extent of the Fiesta system. The drilling will assess both the width and depth of the mineralization, with future exploration planned to expand the strike, which is currently open to the west.
Noronex Ltd. is an exploration company dedicated to the mining industry, with a particular focus on discovering and developing copper projects. Their primary efforts are concentrated in the Kalahari Copper Belt, where they aim to locate substantial copper-silver mineralization. The Company continues to advance its initiatives within this promising region, working towards significant discoveries.
Year-to-date, Noronex has seen a remarkable price performance of 40.0% with an average trading volume of 1,543,429. The technical sentiment for the stock remains favorable, classified as a strong buy, and the current market capitalization of Noronex stands at A$7.24 million. Interested individuals may find further insights on NRX stock by visiting TipRanks’ Stock Analysis page.
Noronex Limited has initiated diamond drilling at the Fiesta Copper Project to explore and confirm copper-silver mineralization. Backed by South32 Limited, this venture is set to assess the mineral system’s potential. With strong market performance and significant technical sentiment, Noronex continues to be well-positioned in the mining exploration sector, specifically within the Kalahari Copper Belt.
Original Source: www.tipranks.com
