Noronex Ltd. · ASX:NRX
Noronex — ASX Investor Copper Day 2021
15 slides from Noronex's conference presentation, Nov 23, 2021
Slide 1: ASX Announcement: Investor Presentation
ASX ANNOUNCEMENT For personal use only 23 November 2021 Investor Presentation Noronex Limited (ASX: NRX) (Company) provides an investor presentation which is being given by the Company at the ASX Investor Copper Day today. This announcement has been authorised by the Board of Noronex Limited. For fu
Slide 2: Growing Kalahari Copper Belt Presence
For personal use only Growing Kalahari Copper Belt Presence Noronex Limited 23rd November 2021 ASXINVESTORCopper Day
Slide 3: Competent Person's Statement
Competent Person’s Statement For personal use only The information in this report that relates to Exploration Results at the DorWit Copper Project is based on information compiled by Mr Bruce Hooper who is a Registered Professional Geoscientist (RPGeo) of The Australian Institute of Geoscientists. M
Slide 4: Noronex Corporate Structure
ASX Code NRX Board/ Management Shares on Issue 189.5m David Prentice – Chairman Unlisted Options (1) For personal use only 24m Share Price $0.12 Robert Klug – Non- Executive Director Market Capitalisation (A$m) $22.7m Piers Lewis – Non- Executive Director Cash (A$m) (2) $6.7m James Thompson – Execut
Slide 5: Board and Management
Board and Management • Experienced board and management includes former senior Sandfire executives with strong copper background For personal use only • Expertise covers all phases of resource development lifecycle from exploration, M&A, financing through to production • In country teams with proven
Slide 6: Introduction: Exploring the Kalahari Copper Belt in Namibia
Introduction Exploring the Kalahari Copper Belt in Namibia For personal use only Witvlei: • Set up presence in Namibia, built a high quality team and exploring aggressively • Drilling a ~60 hole program on five new prospective targets • Over 8,000m completed so far, initial results confirmed Copper
Slide 7: Kalahari Copper Belt – Witvlei
Kalahari Copper Belt – Witvlei Copper Soil Geochemistry For personal use only • Inferred and Indicated resources defined in four deposits : 10Mt @1.3% Cu 1 • Discovered unreported historical multi-element soil geochemical survey from 2009 • Large undrilled geochemistry targets • Field checked with s
Slide 8: Witvlei – Okasewa Drilling
Witvlei – Okasewa Drilling Drilling Continuing with Two Rigs For personal use only • Testing mineralized corridor • Soil anomalies previously untested • Total program of 60 Holes for 12,000m • RC holes drilled at 100m centres to 200m depth • Completed 8,000m on three prospects Drill rigs at Okasewa
Slide 9: Project Targeting: Basin Modelling
Project Targeting Basin Modelling For personal use only • Brines carry the base metals out of basin deeps • Oxidized fluids precipitate Copper at the reductants (EM Conductors) • Condensed sequence with reductants on structural traps on Anomalous Metal Enrichment of Basin Brines in the Zambian Coppe
Slide 10: Snowball Acquisition
Snowball Acquisition Complex Magnetics For personal use only • Snowball Project covers key tectonic setting • The complex magnetics is due to compressional deformation of the basin margins with condensed sequence over a former basement high Target 1 • Tectonic setting typical of hosting large scale
Slide 11: Snowball Joint Venture
Snowball Joint Venture Dipole-Dipole IP underway For personal use only • Due Diligence completed, access gained • Work Commenced at Hennep, Target 2 • Chargeability anomalies defined near NPF-D’Kar Contact • Cover modelled at ~75m depth • Dipole Dipole IP moving on to Target 1 shortly • Drilling pla
Slide 12: Growing Kalahari Copper Belt Presence
Growing Kalahari Copper Belt Presence New applications add to existing EPLs For personal use only • ~6,100 km2 of highly prospective ground covering >200kms strike in key part of belt • Applications of 3,500 km2 recently lodged over Snowball Tail, Humpback, Damara Duplex • Underexplored historically
Slide 13: Summary: Well Funded to Tackle Exciting Phase of Exploration
Summary Well funded to tackle exciting phase of exploration For personal use only Geological: • Complete 12,000m drilling at Witvlei at five prospects • Define drill anomalies at Snowball, drill early in 2022 • Target large new discovery in mineralised province • Canadian project Corporate: • Strong
Slide 14: DorWit Consolidated Mineral Resources
Table 1: DorWit Consolidated Mineral Resources at a cut-off grade of 0.5% Cu as at 01 March 2021 DorWit Resources 1 Oxidation Classification Tonnes Cu Ag Cu content Deposit State Category (Millions) (%) (ppm) (kilo tonnes) Indicated 0.11 1.30 7 1.4 Oxide Inferred 0.04 1.19 7 0.4 Total 0.15 1.27 7 1.
Slide 15: Onaman Resources
Onaman Resources 2 For personal use only Competent Person Statement In June 2020, a JORC (2012) compliant resource (reported by G. Kirkham) was completed at the Lynx deposit representing approximately 600 metres of a 12km trend of mineralisation on the The information in this report that relates to