Noronex Limited has announced encouraging first assay results from its maiden diamond drilling program at the Fiesta Copper Project in Namibia. The company’s deep diamond drilling at the Western Lens of the Fiesta Project has extended the known mineralisation at depth, returning significant intercepts including an 11‐meter section averaging approximately 0.5% copper and 18 grams per tonne silver at 371 meters, and a 6‐meter section with around 0.7% copper and 15 grams per tonne silver at 455 meters. These results were achieved following a 500‑meter step-out from a previous intercept, demonstrating that copper mineralisation persists well below earlier reported levels. A vertical water bore drilled as part of the program also encountered notable anomalous mineralisation, showing an interval with 9 meters averaging 0.63% copper and 21 grams per tonne silver starting at 120 meters, although the sampling from this bore is potentially affected by down-hole contamination. Additionally, earlier drilling had intercepted a 33‑meter wide, multi-phase mineralised zone with significant copper and silver concentrations, further reinforcing the potential of the deposit. The new diamond drilling has not only expanded the footprint of mineralisation but also provided critical data on the mineralisation style, including the presence of disseminated chalcocite, bornite, and chalcopyrite hosted within altered green shales and siltstones. The exploration, which is being carried out under an earn-in agreement with a wholly owned subsidiary of South32 Limited, marks an important step in understanding the geological structures underlying the Fiesta Project. With drill holes extending to nearly 500 meters and encountering steeply dipping mineralised sheets across a strike length exceeding 4.5 kilometers, the results indicate a considerable discovery opportunity. The technical details, including copper cut-offs and the observed strong cleavage in the core samples, will support further delineation as the project advances through additional drilling planned for future exploration. Bullish sentiment on this news focuses on the clear expansion in depth and lateral spread of mineralisation, suggesting a significant potential resource that could enhance the company’s asset base. The positive intercepts and improved geological understanding are likely to attract interest from both existing stakeholders and potential investors, reinforcing confidence in Noronex Limited’s exploration strategy. On the bearish side, concerns remain regarding the representativity of some samples—particularly from open holes with potential contamination—and the inherent risks of early-stage exploration in complex geological settings. Additionally, further drilling results will be critical to confirm continuity and true widths of the mineralised zones before any definitive resource estimates can be made. Overall, the drilling results present a positive outlook for Noronex Limited, with promising technical indicators that could support a substantial expansion of the Fiesta Copper Project, while investors will be closely monitoring upcoming assay results and further drilling updates for additional clarity on the scale of this opportunity.