Just a sitting duckThe 80,000Ha Dorwit Project in Namibia has a...

Just a sitting duck

The 80,000Ha Dorwit Project in Namibia has a current JORC (2012) resource of 10mt @1.3% Cu.

The 30,000Ha Onaman Project in Canada has a current JORC (2012) resource of 1.6mt @ 1.6% Cu.

Uranium acquisition update must be close

NEW ACQUISITION IN NAMIBIAN URANIUM BELT:
Noronex has entered into an exclusivity agreement over a claim in the heart of the Namibian Uranium Belt allowing it to conduct due diligence and acquire up to an 80% interest via earn-out on a highly prospective 7,000 HA claim located approximately 3kms north of Bannerman Energy’s Etango project.•

NAMIBIA URANIUM BELT:
Namibia is one
of the leading jurisdictions for Uranium mining (3rd largest producer in 2022 and 5th largest resources in the world) and contains significant uranium mines with advanced development projects such as Rossing, Husab, Trekopje, Etango (Bannerman), Tumas (Deep Yellow) and Langer Heinrich (Paladin).

GEOLOGY:
The geology on the claim includes hard rock mineralisation with Alaskites which is the same setting as for most of the major uranium deposits on the Uranium Belt. Alaskites have been identified on the claim boundary where trenches and drilling with radiometric anomalies have been identified. The style of mineralisation is reported as similar to that at the Etango Project.

IMO