Undervalued. Rerate on the cards Be interesting to see if Barry...

Undervalued. Rerate on the cards

Be interesting to see if Barry Fitzgerald follows this up

The Witvlei Project (95% holding in JV Vehicle) is located at the western end of the Kalahari Copper Beltand includes an existing JORC (2012) Compliant Mineral Resource of 10Mt @ 1.3% Cu4.

Noronex’s drillinghas also discovered new zones on the Witvlei Project including the Daheim prospect (see Figure 2 below)with intercepts of up to 27m @1.6% Cu5.

The package is complemented by the extensive 100%-owned Humpback portfolio to the east. Humpbackis located on the Kalahari Desert, abutting the Botswana border where significant sedimentary copperstructures under relatively shallow sand cover are interpreted to cross under both sides of the border.Noronex’s drilling in late 2023 at the Fiesta Project included intercepts of up to 45m @ 1% CuEq (0.8%Cu, 23 g/t Ag)

IMO