Norfolk Metals Limited announced on the 22nd of July 2022 that the previously defined gravity anomalies appear to have spatially close relationships with the now better-defined magnetic anomalies. Drilling of these magnetic/gravity targets will provide a better understanding of the true relationship between the magnetic and gravity anomalism. Norfolk plans to commence the maiden drilling of the primary target Anomaly 2 (A2) which has a coincident magnetic and gravity anomaly as shown in the 3D model.

The aim of DH1 is to initially test the magnetic anomaly and continue to test the gravity anomaly at depth. The anomalies possibly represent sulphide mineralisation associated with epithermal style deposit(s). The results from DH1 will assist to determine the strategy and order of priorities for the remaining drill targets outlined.

134 orientation soil samples were collected over the target areas (Anomalies 1 to 5) to assist in the prioritisation and vectors of the remaining planned holes. The results from the soil sampling are expected to be available from ALS in October. Norfolk has received all required permitting from Mineral Resources Tasmania (MRT) for the drilling planned at A2 with the finalisation of access details with the private land owner almost complete.

Norfolk expects to be in a position to commence drilling shortly. Since Norfolk compiled a work program for permitted EL6552 to test the roll front uranium theory as documented in the company presentation, Norfolk has continued to liaise with private landowners and the respective South Australianheritage group(s). Norfolk is now refining programs to suite prospectivity, access and safety prior to seeking final approvals and contracting services.