Noronex Ltd
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Noronex mobilises diamond drill rig for Fiesta copper-silver expansion in Namibia
Perth-headquartered exploration company Noronex (ASX: NRX) is bringing in a diamond drilling (DD) rig to fast-track follow-up work at its Fiesta project located in the Kalahari copper belt in Namibia. The company has received positive assays from Fiesta that have provided further confirmation of significant copper-silver mineralisation in an area 500 metres west of previous […]
Market wrap: record level lost as lower commodities and US market bite
The Australian share market gave up the hard won 8000-mark record on Friday, shedding 0.8% as a synchronised fall followed Wall Street lower. By the close the ASX 200 index was down 0.8% or 64.9 points to 7971.6 points with some of the weaker sectors including banks, miners and technology businesses. That took the weekly […]
Noronex and South32 join forces to accelerate large-scale copper exploration in Namibia
Junior explorer Noronex (ASX: NRX) has secured an earn-in agreement and strategic alliance with a wholly-owned subsidiary of South32 (ASX: S32) to accelerate copper exploration in Namibia. South32 has committed to fund $15 million in exploration over five years at Noronex’s Humpback-Damara project in the Kalahari copper belt and will earn up to 60% equity […]
Namibian government denies reports of nationalisation, shares rebound
The share prices of a number of ASX-listed miners have rebounded after the Namibian government labelled reports of possible nationalisation of the country’s resource sector as “disappointing”. The international media reports sent a shock wave through the global resources sector and stock exchanges this week, with a number of ASX-listed companies in particular seeing their […]