Noronex Ltd. · ASX:NRX
Noronex — Shareholder Meeting (November 2023)
21 slides from Noronex's shareholder meeting presentation, November 2023
Slide 1: Exploring World Class Kalahari Copper Belt in Namibia
EXPLORING WORLD CLASS KALAHARI COPPER BELT IN NAMIBIA AGM Presentation November 2023 | ASX:NRX ASX:NRX P A G E 1
Slide 2: 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 3: Year in Review
Year in Review ✓ Kalahari Copper Belt starts lighting up in 2023 with Sandfire commencing copper production at Motheo (30,000 tpa) in June 2023 and MMG agreeing to acquire Zone 5 for US$1.8bn in November 2023 ✓ Noronex claim package increased by over 100% to 8,500 km2 covering approx. 300km of strik
Slide 4: Introduction to Noronex Ltd (ASX:NRX)
Introduction to Noronex Ltd (ASX:NRX) ✓ Copper focused exploration company in Namibia ✓ Existing JORC 2012 resource of 10Mt at 1.3% Cu1 ✓ Exploration package covers ~8,500 km2 of the highly prospective Kalahari Copper Belt ✓ Five thousand metre drilling campaign completed ✓ Drilling at 100% owned Fi
Slide 5: Corporate Overview: Board and Management
Corporate Overview BOARD AND MANAGEMENT Noronex’s board has significant minerals exploration and mining experience in Namibia and around the world. Experienced team in Namibia to manage exploration activities. Tight Capital Structure 378.3m Well leveraged to exploration success SOI 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 at over 3% per year as the world continues to decarbonize its electrical production ▪ World will need more Copper this decade than in the previous 150 years ▪ Shortage of discoveries ▪ Kamoa District now 48 Mt of Contained Coppe
Slide 8: ASX:NRX
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Slide 9: Humpback Project
Humpback Project • 100% owned by Noronex • Northern thrust fault margin of Kalahari Copper Belt • Initial Humpback drilling at Fiesta and Blowhole ~5,000m drill program • Focused on Domal contacts of NPF-D’Kar • Very limited drilling out to Botswana border • Prospective horizon extends into Botswana
Slide 10: Humpback–Fiesta Drill Program
Humpback –Fiesta Drill Program • Fiesta was previously explored by Cupric Canyon • Over Five km of anomalous Copper drilled • Copper developed at Reductant - Sandstone contact under 80m of cover • Central 500m zone with three excellent intercepts • Recent intercept of 23FIERRC03: ▪ 45m @ 1.0 % CuEq,
Slide 11: Humpback–Fiesta Drill Program
Humpback –Fiesta Drill Program • Excellent wide intercept confirms shallow target zone • Previous intercepts of: ▪ 8m @ 2.5% Cu, 78 g/t Ag from 127m (TT ~4m) ▪ 13m @ 1.4 % Cu, 1 g/t Ag from 118m (TT ~6.5m) ▪ 31m@ 0.9 % Cu, 33 g/t Ag from 154m (TT ~17m) ▪ 28m @ 0.6 % Cu, 41 g/t Ag from 138m (TT ~16m)
Slide 12: Blowhole Target Overview
Blowhole Target Overview • Prospective horizon extends into Botswana to Cobre intercepts • Sheared domal structures, never tested • Five targeted trap sites tested • Kalahari sand cover of ~70m ASX:NRX P A G E 12
Slide 13: 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 14: Increasing Witvlei Inventory
Increasing Witvlei Inventory Intercepts include: Diamond Drilling • 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 numero
Slide 15: 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 15
Slide 16: 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 17: 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 18: 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 19: 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 20: 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 21: noronexlimited.com.au
NORONEXLIMITED.COM.AU ASX:NRX P A G E 21