Noronex Limited has appointed a drilling contractor to begin its first-ever drilling program at the Etango North Uranium Project in Namibia, targeting multiple uranium and thorium anomalies identified through recent surveys.
- Drilling contractor appointed for maiden Reverse-Circulation program
- Targets based on September 2025 spectrometry survey and AI-assisted modelling
- Project located near major uranium mines including Rössing, Husab, and Etango
- Noronex can earn up to 80% interest in the joint venture
- Drilling to validate geological models and test priority uranium/thorium anomalies
Strategic Move into Uranium Exploration
Noronex Limited (ASX – NRX) has taken a significant step forward in its uranium exploration ambitions by appointing a drilling contractor to commence its maiden Reverse-Circulation (RC) drilling program at the Etango North Uranium Project in Namibia. This marks the company’s first direct sub-surface test of uranium and thorium targets identified through extensive ground spectrometry and remote sensing surveys.
The Etango North project, situated in the heart of Namibia’s hard-rock uranium district, lies along strike from Bannerman Energy’s substantial Etango development and is in close proximity to the established Rössing and Husab uranium mines. This location offers Noronex a compelling greenfields opportunity in one of the world’s premier uranium provinces.
Refined Targets and Geological Confidence
The drilling program is designed to test multiple high-priority uranium/thorium anomalies revealed in a September 2025 spectrometry survey. Complementing this, recent remote sensing lithostratigraphic interpretation has refined the geological model, highlighting favourable structural settings such as domal closures and flat-lying alaskite sheets, key indicators for uranium mineralisation.
These geological insights, enhanced by AI-assisted modelling, have strengthened confidence in the priority drill targets. The program aims to validate these models by providing the first sub-surface data to confirm the extent and nature of the uranium-bearing alaskite formations.
Joint Venture and Strategic Partnerships
Etango North is a joint venture where Noronex can earn up to an 80% interest, with the company acting as manager and operator. This arrangement positions Noronex to leverage local expertise while advancing exploration efficiently. The company’s Managing Director and CEO, Victor Rajasooriar, emphasised the significance of this milestone, noting the potential for a greenfields uranium discovery alongside ongoing copper exploration programs in Namibia and Botswana.
Looking Ahead
The initial drilling will focus on anomalies defined by the spectrometry survey, structural features identified through remote sensing, and historical anomalous drill results near the licence boundary. The program is expected to commence shortly, aiming to unlock new insights into the uranium potential of the region and to validate the geological framework developed through cutting-edge exploration techniques.
Bottom Line?
Noronex’s maiden drilling at Etango North could redefine its uranium prospects and reshape its exploration trajectory.
Questions in the middle?
- What initial assay results will reveal about the uranium/thorium anomalies?
- How might successful drilling impact Noronex’s valuation and JV dynamics?
- Will the geological model hold up under sub-surface testing and lead to resource upgrades?