Norfolk Metals Ltd Announces Maiden Drill Campaign at Carmen Copper Project

Norfolk Metals Ltd has obtained official permission to start the Maiden Drill Campaign at the Carmen Copper Project in Chile. The campaign will involve drilling up to 50 holes across 40 sites, with a total of 5,100 meters of RC and/or diamond drilling. The primary objective of the campaign is to expand the known mineralization, verify historical drill holes, and assess grade variability.

Key Takeaways:

• The Maiden Drill Campaign will focus on the Carmen Main area, aiming to expand the limits of known mineralization and test for sulphide extensions.
• The campaign will also verify the known mineralization by twinning historical drill holes and drilling oxide holes to assess grade variability.
• Indicative next steps and key milestone events include obtaining a drilling permit from Chilean authorities, finalizing stakeholder engagements, and appointing a Transcendence Mining director to the Norfolk board.
• The campaign aims to confirm the width and grades of possible high-grade structures and determine the style and structural controls on the mineralization.
• The program is expected to be completed in Q4 2025, with all assays reported and exploration planning and subsequent drill permitting undertaken.
• Confirmation of historical metallurgical test work on copper oxides is also expected in Q4 2025.

Statistics:

• Up to 50 holes will be drilled across 40 sites as part of the Maiden Drill Campaign.
• A total of 5,100 meters of RC and/or diamond drilling will be conducted.
• The campaign will focus on the Carmen Main area, with drilling extending to 1,600 meters on regional IP targets along the Carmen-Tabaco Belt.
• The program is expected to be completed in Q4 2025.

Sources:

• Norfolk Metals Ltd official news release (May 12, 2025)