Noronex CEO Victor Rajasooriar has resigned after serving in the role for just over a year.
Rajasooriar tendered his resignation to take up the position of managing director at Wiluna Mining Corporation and is expected to commence his new role on 1 May 2026. He will remain with Noronex for a transitional period to assist with the handover of responsibilities.
The company said its board and executive team will assume all executive functions during the interim period while a long-term replacement is identified.
Noronex confirmed that its operations will continue without disruption, including ongoing exploration programmes in Botswana and Namibia.
These include activities under its strategic alliance and earn-in agreements with a wholly owned subsidiary of South32, as well as uranium drilling campaigns in Namibia.
Non-executive chairman David Prentice said the company remains well positioned despite the leadership change.
“On behalf of the board, I would like to take this opportunity to thank Victor for his contribution to Noronex over the past year.
“He leaves us to take on a role that is more aligned with his mining background and focus on operating mining assets, and we take this opportunity to wish him well for the future,” Prentice said.
He said Noronex’s financial position had been strengthened following recent asset sales.
“Noronex remains in a very strong position, with a strengthened cash balance of $2 million following the sale of non-core assets, a high-quality copper portfolio in the Kalahari Copper Belt which is being progressed under our strategic alliance and earn-in agreements with South32, and an exciting uranium exploration program in Namibia’s world-class uranium district,” he said.
The company has been reshaping its portfolio in recent months, disposing of non-core assets to focus on priority copper and uranium projects across southern Africa.
Noronex said it will provide an update on the appointment of a new chief executive in due course.
