The Board of Noronex Limited provided an update on the exploration of its suite of copper projects in Namibia. The focus of the current exploration efforts is on the Witvlei project, comprising two Exclusive Prospecting Licences (EPL's) 7028 and 7029 covering 390 km2 that are prospective for sedimentary Cu-Ag mineralisation. Focus is now on the Daheim Prospect and extensions to the Malachite Pan deposit.

A follow up program has been completed at Daheim on a 100m spaced grid. The program has included 13 RC holes for a total 2,591m. This program has targeted follow up of the initial thirteen-hole program which include intercepts of: 27m @ 1.6 % Cu from 42m in 22DHRC06 including 10m @ 2.5% Cu.

29m @ 0.7 % Cu from 113m in 22DHRC05. 29m @ 0.7 % Cu from 113m in 22DHRC04 including 4m @ 3.3% Cu and. 10m @ 1.0 % Cu from 162m.

7m @ 1.7 % Cu from 68m in 22DHRC02. A detailed Digital Surface Model (DSM) was processed from ALOS satellite imagery at 2.5m resolution. Mapping of all surface float has been undertaken and a ground magnetic survey was completed to assist with interpretation of the stratigraphy and structure and location for follow up drilling.

Soil sampling was completed using a portable XRF on 100m lines that was closed up to 50m over known mineralisation. Results from 1 in 20 laboratory quality control sampling are pending. The drill program planning has utilised these geological, geochemical, and geophysical interpretations to do significant step outs of 100m from the previous drilling to test strike extents and extend the size of the prospect.

A follow up hole has been drilled at depth below the thickest intercept in 22DHRC06 to test a down dip extension of the interpreted Sandstone-Siltstone contact. The holes all intersected the Eskadron Formation containing oxidised red sandstones and brown siltstone sequence. Malachite staining was intercepted near surface and oxidation is down to approximately 30m vertically with fine pyrite, chalcopyrite and chalcocite developed in the siltstone horizons at depth below.

Samples have been collected in 3m composites and at 1m intervals where mineralisation was visually noted. Samples have been prepared in the ALS sample preparation facility in Namibia and are pending assaying at their laboratory in South Africa. Drilling has been completed for the time being as the rigs move to Snowball.

A further RC program is being planned to follow up anomalous geology intersected in these holes along with downhole logging and a diamond hole when practical.