Noronex Ltd.
AASX:NRX0.01
AUD
0.00
(0.00%)
ISIN
AU0000116469
Return %
Stock
S&P 500
1Y
-31.25
14.20
3Y
-8.33
81.12
5Y
-92.06
68.34
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- James Thompson
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 295 Rokeby Road Subiaco WA Australia 6008
- IPO Date
- Nov 13, 2017
- Website
- noronexlimited.com.au
- Similar Companies
- Business
- Noronex Limited (ASX:NRX) is an Australia-based mineral exploration company focused on copper and associated base and precious metals deposits in the Kalahari Copper Belt of Namibia and Botswana, as well as high-grade copper projects in Ontario, Canada; it engages in the identification, acquisition and advancement of exploration properties prospective for copper, uranium, silver and related minerals through drilling programs, geophysical surveys and resource delineation. The company holds an extensive portfolio including the flagship 80,000 hectare Dorwit Project in Namibia with a JORC (2012) resource of 10 million tonnes at 1.3% copper; the 30,000 hectare Onaman Project in Canada with a JORC (2012) resource of 1.6 million tonnes at 1.6% copper; the Humpback-Damara copper project encompassing multiple prospects along the prospective NPF-D'Kar contact zone; the Fiesta copper-silver project with recent high-grade drilling intercepts; the Powerline project; and the Cgae-Cgae copper project in Botswana, spanning approximately 9,789 square kilometers of highly prospective tenure. Noronex targets mining companies, joint venture partners and resource investors in the global copper supply chain serving construction, electronics, telecommunications and renewable energy sectors; operations center on Namibia, Botswana, Canada and Australia, with headquarters in Subiaco, Western Australia, where the company was incorporated in 2015 and rebranded from Lustrum Minerals Limited in November 2020. Recent developments include multiple earn-in and strategic alliance agreements with a wholly-owned subsidiary of South32, under which South32 funds up to A$15 million over five years at the Humpback-Damara project in Namibia for a potential 60% interest, quarterly funding of approximately A$1 million through FY26 across Namibian targets including Powerline, and up to A$5 million over five years at Cgae-Cgae in Botswana including an initial 3,000 metre reverse-circulation drilling program targeting geophysical anomalies and copper-in-soil anomalies; expansion of the South32 alliance during the September 2025 quarter to include new Botswana licences PL0074/2025 and PL0075/2025; and a binding agreement announced in November 2025 to divest the non-core Witvlei Copper Project in Namibia to JEM Exploration for A$4.5 million in staged payments, with a non-refundable A$200,000 deposit received in December 2025 to support maiden drilling at the Etango North Uranium Project in early 2026 and further Kalahari Copper Belt initiatives.