Noronex's promising exploration in Namibia

Noronex (ASX:NRX) has identified new drilling targets at its Damara Copper Project in Namibia after a recent gravity survey. The survey revealed a series of gravity-magnetic anomalies similar to those found in major copper deposit regions. Drilling is planned to commence after the current program at Fiesta Project.

Noronex's strategic exploration plan

Noronex has announced the identification of promising drilling targets at its Damara Copper Project in Namibia, thanks to a recent gravity survey. These targets, characterized by gravity-magnetic anomalies, present an opportunity for significant copper discoveries. The company plans to start drilling these targets soon, funded by South32 Limited under an earn-in agreement. With ongoing drilling at the Fiesta Project and plans to test six RC holes at the Otjiuapehuri Prospect, Noronex aims to leverage modern exploration techniques to expand its copper resource base. The geology at Damara, akin to the Central African Copper Belt, suggests high potential for copper mineralization, making this initiative a strategic move to explore underexplored regions.

Executive insights on new exploration targets

The survey results from Damara are very encouraging, highlighting several high-priority targets that resemble other significant copper deposits. We are eager to begin drilling these targets and explore the potential they hold for substantial copper mineralization.