Noronex Ltd. · ASX:NRX
Noronex — Investor Presentation (July 2023)
25 slides from Noronex's investor presentation, Jul 27, 2023
Slide 1: Investor Webinar Presentation (ASX Announcement)
ASX ANNOUNCEMENT 27 July 2023 INVESTOR WEBINAR PRESENTATION Noronex Limited (ASX:NRX) (NRX or the Company) reminds shareholders that an investor webinar will be held today, Thursday, 27 July 2023, at 12:00pm AEST/10:00am AWST. Chief Geologist Bruce Hooper will provide an update on the Company’s upco
Slide 2: Exploring World Class Kalahari Copper Belt in Namibia
EXPLORING WORLD CLASS KALAHARI COPPER BELT IN NAMIBIA Exploration Update JULY 2023 | ASX:NRX ASX:NRX P A G E 1
Slide 3: Competent Person's Statement
Competent Person’s Statement The information in this report that relates to Namibian Exploration Results is based on information compiled by Mr Bruce Hooper who is a Registered Professional Geoscientist (RPGeo) of The Australian Institute of Geoscientists. Mr Hooper is a consultant to Noronex Ltd an
Slide 4: Introduction to Noronex
Introduction to Noronex ✓ Noronex Ltd (ASX:NRX) is a Copper focused exploration company with an existing JORC 2012 resource of 10Mt at 1.3% Cu1 ✓ Noronex’s exploration package covers ~8,500 km2 of the highly prospective Kalahari Copper Belt including the following projects; Humpback, Witvlei and Sno
Slide 5: Corporate Overview
Corporate Overview BOARD AND MANAGEMENT Noronex’s board has significant minerals exploration and mining experience in Namibia Tight Capital Structure and around the world. 378.3m Well leveraged to exploration success SOI Experienced team in Namibia to manage exploration activities. David Prentice No
Slide 6: Production fires up in Kalahari Copper Belt
Production fires up in Kalahari Copper Belt • Kalahari Copper Belt produces ▪ c90 ktpa of Cu estimated to be produced with c35% Cu Concentrate grade with Ag ▪ Zone 5 (168 Mt @ 2.1% Cu) ▪ Motheo (53 Mt @ 0.9 % Cu) ▪ New intercepts in Botswana at Ngami, Cobre (ASX:CBE) • Motheo: Sandfire Resources (AS
Slide 7: New Copper discoveries critical to meet growing demand
New Copper discoveries critical to meet growing demand • Demand growing rapidly at over 3% per year as the world continues to “We’re heading for a train wreck here…. My fear is that when decarbonize its electrical production and transport usage push finally comes to shove, copper can go up 10 times”
Slide 8: Project Overview
Project Overview PROJECT OWNERSHIP PRIORITY TARGETS Humpback-Damara 100% • Fiesta Prospect, over 5 km long historical Copper intercepts • Blowhole Prospect, previously untested highly prospective Witvlei JV earn in to 70% + • 10 Mt @ 1.3 % Cu (JORC 2012)1 call option to 95% • New discovery at Daheim
Slide 9: Project location map
BLownowe y DAMARA Ai 5 PROJECT ax OTJOSUNDU MINE = HUMPBACK PROJECT Wrrvier PROJECT ~ =(10MT @ 1.3% Cu A SNOWBALL EEE OTJIHASE MINE Dorpasis PROJECT Namibia Botswana pn NORONEX ASK:NRX | PAGE 8
Slide 10: Humpback Project
Humpback Project • 100% owned by Noronex & fully granted • Northern thrust fault margin of Kalahari Copper Belt • Initial Humpback drill targets at Fiesta and Blowhole – drill contract signed for 4,000m • Focused on Domal contacts of NPF-D’Kar • Very limited drilling out to Botswana border • Prospec
Slide 11: Humpback – Upcoming Fiesta Drill Program
Humpback – Upcoming Fiesta Drill Program • Fiesta was previously explored by Cupric Canyon with 120 holes drilled • Over Five km of anomalous Copper drilled • Copper developed at D’Kar contact • c70m of Kalahari sand cover • Orientation soils underway • Previous intercepts to be followed up of: ▪ 8m
Slide 12: Fiesta Target Overview
Fiesta Target Overview • New structural interpretation of mineralised horizon • Holes over 200m apart with strong mineralisation • Large targets defined along strike on mineralised contact • Number of key targets to test in upcoming drilling • Ten initial holes of ~250m depth • Drilling is planned t
Slide 13: Blowhole Target Overview
Blowhole Target Overview • Prospective horizon extends into Botswana to Ngami, Kitylani West, Cobre intercepts • Targeting mineralised NPF Contact in settings that host mines at Motheo, Khoemecau in Botswana • Sheared domal structures, never tested • 5 targeted trap sites to drill, six to 10 holes t
Slide 14: Witvlei Project Joint Venture
Witvlei Project Joint Venture Inferred and Indicated resources defined in four deposits: • 10Mt @ 1.3% Cu JORC 2012 Resource1 • Shallow near surface sulphide mineralization • Chalcocite in sediments, high grade concentrate • Three deposits within 30 km and now Daheim • 100 Km east of capital Windhoe
Slide 15: Increasing Witvlei Inventory
Increasing Witvlei Inventory Intercepts include: • Hole 23DHDD1: 135m @ 0.33% Cu from 44m • Including 14m @ 1.1% Cu from 109m, 7m @ 0.54% Cu from 44m • Generating new targets • Copper intercepted over 1 km strike • Shallow mineralisation from 14m • Wide zone, hole intersected numerous bedded horizon
Slide 16: Snowball Project Joint Venture
Snowball Project Joint Venture Highly prospective for large sedimentary copper deposits: • Joint Venture to earn 80% by expenditure • Previously untested covered area • Extension of Witvlei zone under cover • Snowball Tail, drilled Copper intercepts • Five km spaced drilling on key domal targets: –
Slide 17: Upcoming Value Catalysts
Upcoming Value Catalysts ✓ Maiden 4,000m drill program to commence at the Company’s 100% owned Humpback project by the end of July ✓ Program to focus on high impact copper targets identified at the Fiesta and Blowhole prospects ✓ Blowhole is along the same mineralised horizon as recent copper discov
Slide 18: Noronex contact details
Suite 1, 295 Rokeby Road, Subiaco, WA, Australia, 6008 PH +61 8 6555 2950 • EMAIL info@Noronex.com.au NORONEXLIMITED.COM.AU ASX:NRX P A G E 17
Slide 19: Appendix
APPENDIX ASX:NRX P A G E 18
Slide 20: Kalahari Copper Belt
Kalahari Copper Belt Namibia • Modern Capital City: Windhoek • Political System: Modern Democracy • Population: 2.6m • Land Area: 825,615 km2 • Excellent infrastructure: Access to road, rail infrastructure and grid power. Projects are just over one hour from capital • Stable Mining Law: Mining is a
Slide 21: Other Projects
Other Projects Ontario Copper Project • Noronex’s Canadian copper project is located on the Onaman-Tashota Greenstone Belt approximately 3 hours drive to the north-east of the key mining centre of Thunder Bay, Ontario • Location is well serviced by the Trans-Canada Figure 1: Noronex Project Location
Slide 22: Other Projects Ontario Copper Project
Other Projects Ontario Copper Project The opportunity – growing a copper inventory in a Tier 1 mining jurisdiction • Noronex is one of the largest land holders (26,000Ha) targeting Cu-Au-Ag VMS deposits on the Onaman- Tashota Greenstone Belt in Ontario, Canada • The most advanced project at Onaman i
Slide 23: Competent Person Statement
Table 1: DorWit Consolidated Mineral Resources at a cut-off grade of 0.5% Cu as at 01 March 2021 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 1.8 Malachite Pan Ind
Slide 24: Competent Person Statement
Competent Person 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 Onaman property. Inferred Mineral Resources with reasonable Statement prospects for eventual econo
Slide 25: noronexlimited.com.au
NORONEXLIMITED.COM.AU ASX:NRX P A G E 24