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Humpback-Damara Project

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Mineralisation extended over a kilometre to the west and open

Diamond drilling underway to extend and define western extent and true width of mineralisation

Mineralisation developed below 80m of Kalahari cover

Copper developed in zone above the reductant/sandstone contact

Chalcocite dominated mineralization in shales

Recent OPTV down-hole logging improving understanding of the mineralisation controls, steeply dipping bedding

Mineralisation extended to west and remains open

Diamond drill testing at depth will improve knowledge and is being planned to follow Damara drilling

South32 can earn 60% by spending $15M over 5 years

Covers the northern thrust fault margin of the Kalahari Copper Belt 

Several prospective domal structures evident

Strong initial results from RC drilling at Fiesta Project with follow-up diamond drilling now underway

Plans underway to test newly granted highly prospective T2, T4 domal prospects

Drilling underway on the defined gravity targets

Basin margin previously untested on a major crustal suture

New understanding being gained for geology in this region

Several high-density bodies identified by recent gravity survey – outlining prospective target areas:

Recent Prospecting Licence Applications across the border in Botswana1 increase Noronex’s strategic footprint in the KCB and open up further prospective areas for exploration and discovery

Two prospecting licences granted in January 2025 over 1,500km2 of previously unexplored terrane in Botswana

New tenements cover extensions of the basement complex to the north-east of Damara

Scout drilling confirmed significant geological similarities with basement-hosted deposits in the Central African Copper Belt in Zambia and Congo

South32 has agreed to include the Botswana tenements into the Strategic Alliance Agreement (SAA) – drafting of definitive earn-in agreements now underway

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