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Noronex (ASX:NRX) has achieved a key milestone in its Namibian development plans with its maiden drilling program underway at the Etango North uranium project.
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The RC drilling campaign is a milestone for the nation; it’s the first sub-surface test of multiple high-priority uranium targets identified from ground spectrometry, remote sensing, lithostratigraphic interpretation, and field mapping.
The program is designed to test multiple uranium/yhorium (U/Th) anomalies and interpreted alaskite extensions identified in a spectrometry survey conducted in September 2025. The drilling program will also evaluate areas of shallow cover where mineralisation may be obscured at surface.
Noronex chief Victor Rajasooriar said this is also the company’s first-ever uranium-focused drilling campaign in Namibia. “The combination of strong surface uranium anomalism, favourable geology and its location in a world-class uranium district makes Etango North a compelling opportunity for discovery,” he explained.
“We look forward to results from this maiden program and advancing Etango North alongside our ongoing copper exploration in Namibia and Botswana.”
According to the World Nuclear Association, Namibia is the world’s third-largest producer of uranium, and its significant endowment is capable of providing 10% of world mining output. Importantly, the local government there is well-renowned for its support for expanding uranium mining.
That support and the nation’s impressive mineralisation have attracted a number of ASX-listed companies, including Paladin Energy (ASX:PDN), Bannerman Energy (ASX:BMN), Deep Yellow (ASX:DYL), and Elevate Uranium (ASX:EL8).
The company acquired its interest in Etango North in March CY24 through a JV with a local Namibian partner, under which Noronex can earn up to an 80% stake. (It is the manager and operator of the project.)
NRX shares have been steady at 1.6c/ea through Wednesday.
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