Noronex stretches copper-silver horizon in Namibia

Noronex Limited has once again expanded its Powerline copper project in Namibia, with fresh new copper-silver hits extending prospective zones at the mammoth Namibian project. A standout hole sliced through 4 metres of mineralisation grading 0.58 per cent copper and 69 grams per tonne (g/t) silver from 203m.

The results come from the ongoing, extensive 7000-metre program across its broader Humpback–Damara project, which its big partner, South32, bankrolled.

The drill bit has now chewed through about 5300m across 23 holes at the company’s Steenbok, Qembo and Zambinda prospect domes along the northern edge of the Kalahari Copper Belt.

Drilling has wrapped up at Steenbok and Qembo, with the rig now probing away at Zambinda to the east.

Noronex says its hits continue to land along the targeted D’Kar-NPF contact, underscoring the horizon’s promise on the anticline’s limbs and closures, suggesting a vast system.

At the Steenbok prospect, lesser grades were returned but over broader intervals, including a hole on the southern limb, which nabbed 9m running 0.24 per cent copper and 29g/t silver. That hit linked up with an earlier intercept, a whopping 850 metres further to the north, confirming continuity and affirming extensions along the contact.

The company says its structural model continues to highlight Steenbok as a prime area for follow-up expansion.

These additional intercepts at Qembo and Steenbok are highly encouraging, confirming copper‑silver mineralisation along the targeted D’Kar-NPF contact and strengthening our confidence in the geological model.

With copper and silver prices reaching all-time highs in recent weeks, the company’s substantial position in one of the most under-explored stretches of the Kalahari copper belt across Namibia and Botswana continues to entice.

Thanks to a recent earn-in deal with South32, the mining major can secure a 60 per cent stake in the project by funding $4 million annually for up to five years across Noronex’s Humpback-Damara grounds in Namibia and its Cgae Cgae leases in Botswana.

Noronex continues to handle the exploration operations on the ground. Chasing the extensive contacts that echo the major operations in the belt, like the 370 million tonne Khoemacau mine or the Banana Zone’s 150 million tonnes at 0.93 per cent copper.

Noronex currently holds a 10 million tonne resource grading at 1.3 per cent copper across its Witvlei and Dordabis projects in Namibia, but has yet to crack the deposit of scale despite continually zeroing in.

The company says it plans to step out of the recently returned holes and chase continuity along strike and into magnetically featured flexures.

With half the program done and the model holding firm Noronex appears to be bustling along with its big brother partner, chasing the next monster deposit of the Kalahari copper belt.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au