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Noronex Limited (ASX:NRX)

ALERT: Price-sensitive ASX Announcement for NRX
Current share price for NRX : $0.012 0.002 (20%)+
Announcement
Release
20 Mar 2026 3:24PM
Price at Release
$0.010
Full Release
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Summary
Noronex Limited announced that its Managing Director and CEO, Victor Rajasooriar, has resigned to join Wiluna Mining Corporation Limited. Rajasooriar will assist with the transition until his departure on 1 May 2026. During this transition, the Board and executive team will manage his responsibilities. Noronex continues its exploration programs in Botswana and Namibia, including partnerships with South32 Limited, and has a strengthened cash balance after selling non-core assets. The Board expressed gratitude for Rajasooriar's contributions and noted the company's strong position in the copper and uranium exploration sectors.
Key Points
  • Victor Rajasooriar resigned as Managing Director and CEO of Noronex Limited.
  • Rajasooriar will join Wiluna Mining Corporation Limited as Managing Director.
  • He will assist with the transition until 1 May 2026.
  • The Board and executive team will manage his responsibilities during the transition.
  • Exploration programs in Botswana and Namibia will continue as planned.
  • Noronex has a partnership with South32 Limited.
  • The company has strengthened its cash balance by selling non-core assets.
  • David Prentice, Chairman, thanked Rajasooriar for his contributions.
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.