Noronex Limited is advancing a dual focus across Namibia’s mineral sector, consolidating its copper assets while ramping up uranium exploration in the Erongo region.
The company’s current strategy prioritises project rationalisation, new drilling, and a stronger emphasis on Namibia’s role in supplying minerals essential to the global energy transition.
In the central copper corridor, Noronex is finalising the sale of its Dordabis licence for A$1.2 million, having already received more than half of the proceeds.
The transaction will free up resources for the company’s flagship Witvlei Copper Project, east of Windhoek, where sediment-hosted copper targets remain open along strike.
The Witvlei and Dordabis licences are held through the joint venture vehicle Aloe 237, in which Noronex holds an effective 76 per cent stake.
Meanwhile, exploration has intensified further north at the Humpback Copper Project, which includes the Fiesta Prospect within EPLs 9551 and 9552.
Here, Noronex has launched a new phase of reverse circulation (RC) drilling targeting the Nosib–D’Kar contact—a geological interface that hosts copper-silver mineralisation similar to that of deposits across the Botswana Kalahari Copper Belt.
The Fiesta programme builds on earlier geophysical surveys that delineated several strong conductors and previously intersected copper-bearing horizons.
The ongoing campaign, part of a 7,000-metre drilling effort funded through the South32 earn-in agreement, is expected to confirm the extent and grade of the mineralisation along a strike length of more than 15 kilometres.
Chief Executive Officer James Thompson said initial drilling at Fiesta had been encouraging.
“We’re seeing geological continuity and mineralisation consistent with other significant copper systems in the Kalahari Belt,” he noted.
“The work being done now will underpin future resource modelling and help determine where follow-up diamond drilling is most warranted.”
In parallel, Noronex has turned its attention westward to uranium exploration.
At the Etango North Uranium Project (EPL 6776) in the Erongo region, the company has completed a 244-line-kilometre ground-spectrometry survey conducted by Terratec Geophysical Services Namibia, which identified multiple radiometric anomalies associated with alaskite-hosted uranium.
The project lies just three kilometres north of Bannerman Energy’s Etango mine development, sharing the same Khan–Rossing Formation boundary that hosts Namibia’s most prominent uranium deposits, including Rossing and Husab.
Fieldwork is now underway to verify surface anomalies, followed by soil sampling and shallow drill testing planned for FY2026.
Thompson said Etango North’s early results “reinforce the scale and continuity of uranium systems in the Erongo region” and will help position Noronex in the expanding nuclear energy value chain.
With copper exploration advancing at Fiesta and Witvlei, the Dordabis sale nearing completion, and uranium targets emerging at Etango North, Noronex is refining its Namibian portfolio into a more focused, high-potential pipeline of projects.
The company’s 2026 field programme will centre on defining resources that reflect Namibia’s growing significance as a supplier of both battery metals and nuclear fuel minerals.
