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Ann: NRX completes deal to increase Witvlei JV interest to 95%, page-6

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tobiasroy

4,597 Posts.

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12/04/24

13:05

Post #: 73314627
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Originally posted by M Sugar: ↑

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

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Yes a follow up from Barry would do the SP wonders imo as he seems to have plenty of supporters who move into anything he spruiks, DTM being a classic example was 1c a month ago and sub 2c when BF done a column on it and now 4c after touching 5c this week, albeit now in a TH with a placement to be announced. Dordabis settles with a Barry recommendation and the SP moves a bit I think.

NRX Price at posting: 1.3¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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