Australia's Noronex rises as Namibian copper mining project advances

Noronex

20/07/2023 05:32

** Shares of Australia's Noronex Ltd  NRX.AX  jumps as much
as 6.7% to A$0.016
    ** Co says a drill contract has been signed for reverse
circulation drilling of 4,000m with Hammerstein Drilling for
Humpback Copper Project, Namibia
    ** Adds drilling is expected to commence by the end of the
month
    ** Says drilling will focus on high-priority copper
exploration targets identified at the Fiesta and Blowhole
prospects
    ** More than 471,000 shares change hands, compared with the
30-day average volume of about 405,000 shares
    ** Stock has fallen 56.4% this year, as of last close 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))