Geological Complexity Challenges Noronex’s Copper-Silver Exploration in Namibia

Expanding the Copper-Silver Footprint

Noronex Limited (ASX, NRX) has released encouraging assay results from its ongoing reverse circulation (RC) drilling campaign at the Powerline Copper Project in eastern Namibia. The 7,000-metre program, funded by South32 Limited under an earn-in agreement, has so far completed approximately 5,300 metres across three key domal targets, Steenbok, Qembo, and now Zambinda.

The latest drill holes at Qembo and Steenbok have intersected copper and silver mineralisation along the critical D’Kar-Ngwako Pan Formation (NPF) contact, a geological boundary known to host sedimentary copper deposits. Notably, holes 25QBRC007 and 25QBNRC008 at Qembo returned copper grades up to 0.58% with silver values reaching 69 grams per tonne, while Steenbok holes 25SBRC011 and 25SBRC017 confirmed mineralisation continuity over a strike length of several hundred metres.

Validating the Geological Model and Targeting Strategy

These results reinforce Noronex’s structural targeting approach, which focuses on fold closures and reactivated basement structures within the Kalahari Copper Belt. The company’s Managing Director and CEO, Victor Rajasooriar, highlighted that even drill holes without significant mineralisation provided valuable structural data, sharpening future targeting efforts. This iterative process is crucial in under-explored terrains where geological complexity can mask mineralisation.

Importantly, the drilling program has now advanced eastward to the Zambinda Dome, expanding the exploration footprint. The Powerline Project’s location within the prolific Kalahari Copper Belt, combined with Noronex’s 100% ownership of the licenses and strategic alliance with South32, positions the company well to capitalise on rising copper and silver prices.

Next Steps and Market Context

Noronex plans follow-up drilling to test the continuity of mineralisation along the hinge zones at Steenbok and to explore structural flexures at Qembo’s northern limb. The company’s methodical approach, supported by modern geophysical surveys and borehole imaging, aims to refine the geological model further and unlock additional resource potential.

With copper and silver prices recently hitting record highs, the timing of these exploration advances could prove favourable. Noronex’s partnership with South32, a major player in the mining sector, adds strategic weight to the project’s development prospects.