Mineral Resources Reported For The First Time For Four Deposits
Noronex Limited (ASX: NRX) has released the first JORC Mineral Resource for the company’s Namibian copper projects.
Highlights
- Mineral Resources reported for the first time in accordance with JORC (2012) on four deposits in the Namibian DorWit Project; Malachite Pan, Okasewa, Christiadore and Koperberg.
- The total regional Mineral Resources defined are 10 Mt @ 1.3 % copper. Average silver grade at Malachite Pan and Okasewa is 6 g/t.
- The MSA Group (Pty) Ltd (MSA) has reported and signed off the Mineral Resource for the project.
- All deposits are reported at a 0.5% Cu cut-off and constrained within a potential Whittle optimised open pit shells.
- 85% of Malachite Pan Mineral Resource is classified as an Indicated Resource while the other deposits are all reported as Inferred Resources.
- Three deposits at the Witvlei Project are located within a 60km strike length of prospective stratigraphy, close to infrastructure.
- An airborne EM survey over the complete project area is nearing completion despite COVID restrictions, a historically wet rainy season and access issues.
The Namibian Projects (The Projects) consist of the Witvlei (EPLs 7028 and 7029) and Dordabis Projects (EPL 7030). The Namibian Projects have 150,000m of reverse circulation and diamond drilling, the majority of which was drilled between 2005 and 2008 by a previous company West African Gold Exploration (Namibia) (Pty) (WAGE), which have identified extensive copper mineralisation within the Kalahari Copper Belt.
