Botswana Mining Review Comprehensive Coverage of the Progress and Achievements in the Mining Sector
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Noronex has strengthened its position in the Kalahari Copper Belt with the addition of two recently acquired Botswana tenements into its strategic alliance with South32, under the same financial terms as the original deal. The new agreement will see South32 increase its joint-venture commitment, contributing an additional $1 million per year for the next five years. This lifts the global miner’s annual funding obligation to $4 million or a minimum of $20 million over five years, to earn a 60 per cent stake in the projects and associated tenements.
The company will receive the funds in $1 million quarterly instalments, providing steady cash flow to support management, drilling and exploration activities. For a junior explorer, the arrangement offers both financial security and operational momentum. The expanded Botswana ground lies in the northern Kalahari Copper Belt, boosting Noronex’s total landholdings in the region to nearly 10,000 square kilometres. The company is now preparing for a 7,000 metre drill programme targeting multiple high-potential copper prospects.
With South32’s backing and control of one of the largest exploration footprints in the copper-rich belt, Noronex is positioning itself as a serious player in Africa’s copper sector. The coming drill results could determine just how significant its discoveries will be.
