Noronex Limited has advanced its exploration efforts in the Kalahari Copper Belt by signing a contract for a 7,000‐meter Reverse Circulation (RC) drilling program. This new phase, set to begin in August and complete in early 2026, targets extensive mineralized contacts along large domal structures at its Humpback Copper Project in Namibia. Backed by a US$3 million commitment from a wholly owned subsidiary of South32 Limited under an earn‑in agreement, the project aims to test large-scale copper prospects in previously underexplored areas. In parallel, the company has wrapped up a diamond drilling program at the Fiesta Copper Project, with assay results from the final two holes expected in the next four to six weeks. These holes, including one that returned 45 meters at 0.80% copper and 3 grams per tonne silver, are critical in defining copper mineralisation hosted in shales and sediments. As the diamond rig relocates to explore the promising Oosterwald Prospect on a newly granted licence, Noronex is positioning itself to test a potential buried domal structure believed to be a typical host for major copper deposits found within the region. Technical details disclosed in the announcement highlight that the RC drilling will employ a cut-off criterion of above 0.3% copper with allowances for internal dilution, while the historical and planned intercepts also indicate robust silver values. Comprehensive geophysical surveys, including aeromagnetic and electromagnetic (Heli‑EM) surveys, have identified key conductive anomalies that underpin both the RC and diamond drilling targets. The RC program is focused on testing the NPF-D’Kar contact along the antiforms and hinge zones, areas which have a track record of hosting commercially significant copper-silver mineralisation similar to some deposits in Botswana. Investor sentiment can be viewed from a bullish and bearish perspective. On the bullish side, the forward-moving RC contract and the shift of diamond drilling to a high‑potential domal target, supported by substantial South32 financial backing, underscore significant upside potential. The technical indicators and promising past results from the Fiesta program further enhance the prospect of substantial discoveries and resource growth. On the bearish side, pending assay results from the Fiesta diamond holes and the inherent risks of early-stage exploration in a challenging geological setting introduce uncertainties. Additionally, the reliance on future positive results from the ongoing drilling programs and technical follow-up work means that any delay or disappointing result could temper market enthusiasm. Overall, Noronex Limited is entering what it describes as a transformational period for the second half of 2025, with multiple drilling campaigns set to test high-priority targets. The company’s strategic alliance with South32, combined with systematic use of modern drilling and geophysical techniques, positions it favorably in the competitive landscape of copper exploration in the region.