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Noronex Limited (ASX:NRX)

ALERT: Price-sensitive ASX Announcement for NRX
Current share price for NRX : $0.010 -0.004 (-28.57%)+
Announcement
Release
2 Mar 2026 9:42AM
Price at Release
$0.014
Full Release
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Summary
Noronex Limited (ASX: NRX) has announced the commencement of a ground gravity survey at the Cgae Cgae Copper-Silver Project in north-western Botswana, which forms part of their systematic exploration strategy within the Kalahari Copper Belt. This survey aims to enhance the geological understanding of sub-surface features and refine exploration targets beneath the Kalahari cover. It also complements a recently completed scout RC drilling program in the southern licence area. Noronex has partnered with South32 in an earn-in agreement, granting South32 the option to acquire a 60% interest by investing A$5 million over five years. The gravity survey is particularly important in this region due to the area being concealed under Kalahari sediments, thus requiring geophysical data for successful exploration.
Key Points
  • Noronex Limited has commenced a gravity survey at the Cgae Cgae Copper-Silver Project.
  • The project is located in north-western Botswana within the Kalahari Copper Belt.
  • The gravity survey is part of a systematic exploration strategy.
  • The survey aims to improve understanding of the sub-surface geology and refine high-priority targets.
  • The program complements a recently completed scout Reverse Circulation (RC) drilling in the southern licence area.
  • Noronex has entered an earn-in agreement with South32, allowing South32 to acquire a 60% interest by spending A$5 million over five years.
  • The gravity survey is conducted in the northern portion of the licence area.
  • Geophysical data is crucial for exploration due to the Kalahari sediments covering the area.
  • The survey targets covered stratigraphy and structures that may be associated with copper-silver mineralisation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.