InvestSMART

Noronex Limited (ASX:NRX)

ALERT: Price-sensitive ASX Announcement for NRX
Current share price for NRX : $0.012 0 (0%)+
Announcement
Release
24 Jul 2026 8:39AM
Price at Release
$0.012
Full Release
download
Summary
Noronex Limited (ASX: NRX) provides an update on its activities for the quarter ending June 30, 2026. The company announced the acquisition of the Sleitat Tin Project in Alaska, USA, a significant development as it is one of the few large-scale tin projects in the country. Historical drilling at Sleitat has shown promising results with high-grade intercepts. Noronex is also advancing its copper-silver portfolio in the Kalahari Copper Belt in Namibia and Botswana, with ongoing support from South32 for joint ventures. A new 3,000m drilling program is planned for later in the year. Financially, Noronex reported a net cash outflow from operating activities of A$1,316,000, with a closing cash balance of A$1,409,000 at the end of the quarter.
Key Points
  • Acquisition of Sleitat Tin Project in Alaska.
  • Historical drilling results show high-grade tin, tungsten, and silver.
  • Ongoing exploration in Namibia and Botswana in partnership with South32.
  • Net cash outflow from operating activities was A$1,316,000.
  • Closing cash balance at quarter end was A$1,409,000.
  • 3,000m drilling program planned for the December 2026 quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.