NRX 0.00% 1.2¢ noronex limited

Write-up on NRX, page-30

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    Agee.

    Positive quarter sees Noronex consolidate its position in the Kalahari Copper Belt, expandits Namibian portfolio with new uranium acquisition and strengthen its cash position.

    The Witvlei Project (95% holding in JV Vehicle) is located at the western end of the Kalahari Copper Belt andincludes an existing JORC (2012) Compliant Mineral Resource of 10Mt @ 1.3% Cu .Noronex’s drilling has also identified new zones on the Witvlei Project including the Daheim prospect (seeFigure 2 below) with intercepts of up to 27m @1.6% Cu.Uranium ProjectDuring the quarter, the Company entered into an exclusivity agreement over exclusive prospecting licenc

    Nothing changed.

    Bank balance as expected.

    Some uranium update would help.

    Undervalued.
    IMO


 
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