Stock Track | South32 Soars 12.70% as Partner Noronex Begins Promising Copper Drilling in Namibia

Stock Track
04-10

South32 Ltd (ASX:S32) saw its stock price soar by 12.70% in intraday trading, as investors reacted positively to news of its partner company's latest drilling activities. Noronex (ASX:NRX) has commenced diamond drilling at its Fiesta Copper Project in Namibia's Kalahari Copper Belt, a program funded by a wholly-owned subsidiary of South32 under an earn-in agreement.

The drilling campaign, part of a larger 2,000m initiative, aims to test depth extensions and gather crucial geological data in an area 500m west of previous promising intersections. The first hole is designed to follow up on earlier results that reported significant mineralization, including 5m @ 1.4% Cu and 58g/t Ag from 249m depth.

Investors appear to be optimistic about the potential of this copper project, particularly given its similarities to the successful Khoemacau Copper Project in neighboring Botswana. The Fiesta project's location and initial findings suggest it could be a valuable asset in South32's portfolio, potentially contributing to the company's future copper production amid growing global demand for the metal.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10