Noronex Limited is an ASX listed copper company with advanced projects in the Kalahari Copper Belt, Namibia and in Ontario, Canada that have seen over 170,000m of historic drilling. The 80,000Ha Dorwit Project in Namibia has a current JORC (2012) resource of 10mt @1.3% Cu. The 30,000Ha Onaman Project in Canada has a current JORC (2012) resource of 1.6mt @ 1.6% Cu. The company plans to use modern technology and exploration techniques to generate new targets at the projects and grow the current resource base.
Copper intercepts at significant step outs along extensions greatly expand target areas and show the potential for a large system.
Drilling has confirmed a 500-metre zone thick of primary mineralisation at Fiesta and will soon turn to undrilled and highly prospective Blowhole.
A proposed sale of the Dordabis asset is expected to simplify management and provide the resources to focus on key Kalahari claims.
With the Kalahari eyed off as a major future source of copper, Noronex begin drilling into fully owned assets near the region's key discoveries.
Proven as a major source of future copper, Noronex is upping its stake in the KCB with two new applications near the Botswanan border.
As the world's copper mines deplete, exploration is heating up for the immense deposits hidden in the rich sands of the Kalahari.