Noronex (ASX:NRX) strike into thick Kalahari Copper

Noronex have confirmed a sizable copper system at Witvlei after the first hole of its diamond drill campaign struck a wide intercept of copper from shallow depth in the Namibian end of the Kalahari Copper Belt.

Assays from Hole 23DHDD01 include:

• 14m @ 1.1 % Cu from 109m including 3m@ 2.0 % Cu; and
• 7m @ 0.54 % Cu from 44m across a broader intersection of 135m @ 0.33 % Cu from 44m

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The initial two-hole diamond program was launched two test parallel mineralised horizons in the Daheim prospect, and the first demonstrated a thick pod of mineralisation after crossing at a right angle of initial wide intercepts.

Mineralisation remains open at depth and to the northeast and southwest, and structural logging of the diamond core is earmarked to further unlock the nature of Kalahari copper.

The massive Kamoa-Kakula deposit discovery in the Democratic Republic of Congo changed the understanding of all sedimentary copper belts around the world, and Noronex see the Kalahari Copper Belt as a new global copper power – all while commodity analysts continue to beat the drum for an impending shortfall.

Noronex is not alone in eyeing off the rich, sand covered copper of the Kalahari, exploration in the belt is at the heart of $2.81 billion market cap Sandfire Resources’ long-term growth strategy and Khoemacau has delivered first concentrate production just last year with an initial targeted production rate of over 60ktpa copper and 2Mozpa silver.

Assays are still pending from below 278m and from hole 23DHDD02, and Noronex plan more drilling as it begins to fully understand the scope of its mineralised zone.

Location Plan showing drilling at Daheim and recent diamond holes. Copper thickness contours demonstrate the width and strike of mineralised envelopes

NORONEXLTD FPO [NRX]

Sector: Basic Materials

Industry: Copper

Employees:

Noronex Limited engages in the exploration of mineral properties in Namibia and Canada. It primarily explores for base, precious metals, and copper. The company's flagship project is the Humpback-Damara copper project in Namibia. The company was formerly known as Lustrum Minerals Limited and changed its name to Noronex Limited in November 2020. Noronex Limited was incorporated in 2015 and is based in Subiaco, Australia.

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