Norfolk Metals (ASX:NFL)

Company Profile

In Tasmania the Roger River Project comprises two granted exploration licences, EL20/2020, and EL17/2021, which together cover 261km2, located 410km northwest of the capital city of Hobart. The Project is prospective for gold and base metals over the permitted 30km length of the Roger River Fault and its interpreted splays. Since listing in March 2022 the company has completed geophysical work via gravity and areomagnetic surveys. Geochem work has been conducted to assist in future targeting of the potentially spatially coincident gravity and magnetic anomalies. The company has several targets identified which are being drilled out on a ranking basis comprised of prospectivity access and safety. The maiden hole has proven to be very exciting with native copper visible over discrete sections of circa 100m length. There is intense alteration at the contact of basalts and sediments with intense pyrite veins throughout sections of the sediments. The company will continue to drill out the targets while reporting exploration and assay results to the market.

In South Australia the Orroroo Uranium Project comprises two granted exploration licences, EL6552, and EL6814, which together cover 659km2, located approximately 274km northwest of the capital city of Adelaide, South Australia within the Walloway Basin, which is an elongate Tertiary Basin approximately 50km long and up to 15km wide. It consists of Tertiary and Quaternary sediments unconformably underlain by Adelaidian basement. The sediments of the same age as the Frome Embayment which is host to several commercially viable Uranium deposits. Norfolk has the opportunity to define a potentially new uranium district within well-endowed region. The maiden exploration program is expected to be finalised imminently. Previously drilled for Hydrocarbons the historical wells present data which supports the roll front Uranium prospect similar to Kazakhstan and Niger which are host to world-class sandstone hosted uranium deposits.

KEY PEOPLE

Ben Phillips | Executive Chairman

Mr Phillips has over 15 years’ experience in commercial negotiations with a broad spectrum of industries including Oil and Gas, Resources, Medical technology, SaaS and Defence.

Mr Phillips previously held a Non-Executive Director position at Bronson Group BGR:ASX and subsequently Mandrake Resources MAN:ASX.

Position as a Corporate Executive at Ironside Capital Mr Phillips is focused on sourcing, structuring, funding and management requirements for small-cap companies both private and public.

Leo Pilapil | Non-Executive, Technical Director

Mr Pilapil has over 30 years’ experience as a Geoscientist and three years as a Financial Planner.

As a geoscientist, he has held director positions for several junior companies in Australia, Africa and Turkey, mainly responsible for technical project evaluations, project acquisitions, project management and business development.

Responsible for the discovery of the Harlequin Gold Deposit (1Moz) under salt lake conditions in Norseman WA Australia and has also been responsible for the mine extensions and discoveries of several ore deposits in Australia, Africa, Turkey and more recently in Lao PDR.

Patrick Holywell | Independent, Non-Executive Director

Mr Holywell has over 15 years of experience in accounting, finance and corporate governance, including employment at Deloitte and Patersons (now Canaccord Genuity).

Mr Holywell is a Chartered Accountant and a Fellow of the Governance Institute of Australia with the last ten years focused on Director and Company Secretarial roles in the resources and technology space.

Mr Holywell’s most recent involvements include roles with De Grey Mining Limited, Si6 Metals Limited and Pentanet Limited. Mr Holywell has completed a Bachelor of Commerce at UWA, a Graduate Diploma of Chartered Accounting with the Institute of Chartered Accountants and the Company Directors Course with the Australian Institute of Company Directors.

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