Norfolk Metals Ltd. · ASX:NFL
Norfolk Metals — Investor Presentation (April 2025)
31 slides from Norfolk Metals's investor presentation, Apr 2, 2025
Slide 1: Norfolk to earn-into Chilean copper project with significant oxide and sulphide resource potential
For personal use only Norfolk to earn-into Chilean copper project with significant oxide and sulphide resource potential Investor Presentation | April 2025 ASX:NFL norfolkmetals.com.au
Slide 2: Disclaimer
Disclaimer Presentation: This presentation has been prepared and issued by Norfolk Metals Limited (ASX: NFL, Norfolk or the Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete and accurate represen
Slide 3: Investment Highlights
Investment Highlights Norfolk to earn-into Carmen Copper Project in the highly prospective Atacama Region in Chile. Highly For personal use only Scalable Large-scale 46.6km2 concession package located 82km from the major mining centre of Vallenar in the Huasco Province, Atacama Region in Chile. Chil
Slide 4: Corporate Snapshot
Corporate Snapshot Top 20 own ~48% of Transformational Tight capital For personal use only shares on issue, opportunity in prime structure leveraged less than 600 commodity and for exploration and shareholders (as at jurisdiction with development 31 March 2025) favourable deal terms success Capital
Slide 5: Board of Directors
Board of Directors For personal use only INVESTOR PRESENTATION Ben Phillips Leo Pilapil Patrick Holywell Executive Chair Non-Executive, Technical Director Independent, Non-Executive Director Mr Phillips has over 15 years’ experience in commercial Mr Pilapil has over 30 years’ experience as a Mr Holy
Slide 6: Management Team – JV Operators
Management Team – JV Operators Please refer to Annexure C - Operator Capability Matrix For personal use only INVESTOR PRESENTATION Jason Greive David Fowler Alex Raab Director – Transcendence Mining Director - Transcendence Mining Carmen Copper SPA Carmen Copper JV Operators Carmen Copper JV Operato
Slide 7: For personal use only
For personal use only INVESTOR PRESENTATION Carmen Copper Project 7
Slide 8: Introduction to Carmen Copper Project
Introduction to Carmen Copper Project Mantos Blancos • 82km from the historic mining town of Vallenar with a readily For personal use only 445mt @ 0.58% Cu 2.59mt contained Cu available workforce • Located in an easily accessible, rolling plateau region between the elevations of 1950m-2150m • Semi-a
Slide 9: Regional Geology
Carmen Copper Project – Regional Geology For personal use only ▪ Carmen Copper Project is located on the western flank of the prospective Pre-Cordillera of Chile within the regionally extensive north trending San Felix Fault and Fold System (SFFS). ▪ The Relincho copper-moly porphyry project (2.25Bt
Slide 10: Carmen Historical Drilling – Exceptional Oxide Grades from Surface
Carmen Historical Drilling – Exceptional Oxide Grades from Surface Please refer to Annexure D - Carmen Cu Project Historical Drill Holes – Significant Intersections High-grade oxide intervals inside the Carmen NI 43-101 MRE; For personal use only TAB 33: 27.5m @ 1.12% Cu (from 1.5m), incl. 11.5m @ 1
Slide 11: South West view over partial 7.5km of strike from Carmen Main towards Dolores
South West view over partial 7.5km of strike from Carmen Main towards Dolores For personal use only INVESTOR PRESENTATION 11
Slide 12: Carmen Prospectivity
Carmen Prospectivity ▪ Carmen Copper Project copper mineralisation For personal use only appears open in all directions and depth. ▪ Carmen Copper Project hosts 7.5km of anomalous strike with multiple defined drill INVESTOR PRESENTATION target areas. ▪ Identified drill targets, all located along str
Slide 13: Copper Oxide Zone – Strong growth potential outside in oxides
Copper Oxide Zone – Strong growth potential outside in oxides For personal use only ▪ The main oxide/enriched zone forms a blanket from the surface to around the 30m depth, which is very amenable INVESTOR PRESENTATION to a low strip-ratio, low cost, shallow open pit mining operation. ▪ The Copper Ox
Slide 14: Sulphide Opportunity at Carmen
Sulphide Opportunity at Carmen Please refer to Annexure D - Carmen Cu Project Historical Drill Holes – Significant Intersections For personal use only INVESTOR PRESENTATION TAB 031 – Flow banded metasediment containing mainly of Cu sulphides (chalcopyrite) and minor pyrite1 High-grade sulphide inter
Slide 15: Targeting – Oxide Resource Expansion
Targeting – Oxide Resource Expansion For personal use only ▪ Significant potential is recognised outside of the COZ from surface soil sampling over 2.2km of strike to the northeast and 3.5km of strike to the southwest. INVESTOR PRESENTATION ▪ The image also shows untested Cu anomalies to the east of
Slide 16: Targeting – Oxide Resource Expansion
Targeting – Oxide Resource Expansion For personal use only ▪ The weak chargeability anomalies along the Carmen-Tabaco Belt are associated with the Carmen oxide resource; this trend continues for at least 2km to the INVESTOR PRESENTATION northeast and 5 km to the southwest, remaining open in both dir
Slide 17: Infrastructure, Social and Permitting
Infrastructure, Social and Permitting ▪ Proximal to ports, power and roads in For personal use only 16km NNE prolific copper mining region of Chile. Relincho Asset Nueva Unión ▪ Norfolk has begun the process for a Scout Drilling Permit and has also engaged an environmental consultant to INVESTOR PRE
Slide 18: Historical Heap-Leach Column Test Work and Amenability to Heap Leaching
Historical Heap-Leach Column Test Work and Amenability to Heap Leaching For personal use only Column 1 Column 2 Column 3 • Norfolk is aiming to establish the Carmen Copper Project as a Head Grade Analysed low-cost, high-margin, value-accretive copper heap leaching operation producing copper cathode
Slide 19: Indicative Timeline
Indicative Timeline For personal use only Dec 24 Jan 25 Feb 25 Mar 25 Apr 25 May 25 Jun 25 Jul 25 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Field Trips / Due Dilligence Exploration Planning INVESTOR PRESENTATION EGM / Shareholder Vote Camp Establishment Permitting / Environment Phase 1 Drilling C4,000M RC
Slide 20: Thank you
For personal use only Thank you Contact: Phone: +61 8 6255 8625 Email: info@norfolkmetals.com.au Web: www.norfolkmetals.com.au ASX:NFL norfolkmetals.com.au
Slide 21: A - NI 43-101 - Mineral Resources and Reserves
Annexure A - NI 43-101 - Mineral Resources and Reserves For personal use only Carmen NI 43-101 MRE Oxide Zone Secondary Enrichment Total Resource (Oxide+Secondary) Resource Classification Tonnage Copper Contained Tonnage Copper grade Contained Tonnage Copper grade Contained (kilotonnes) grade (%) Me
Slide 22: A - NI 43-101 - Mineral Resources and Reserves
Annexure A - NI 43-101 - Mineral Resources and Reserves For personal use only INVESTOR PRESENTATION 22
Slide 23: A - NI 43-101 - Mineral Resources and Reserves
Annexure A - NI 43-101 - Mineral Resources and Reserves For personal use only INVESTOR PRESENTATION 23
Slide 24: A - NI 43-101 - Mineral Resources and Reserves
Annexure A - NI 43-101 - Mineral Resources and Reserves For personal use only INVESTOR PRESENTATION 24
Slide 25: A - NI 43-101 - Mineral Resources and Reserves
Annexure A - NI 43-101 - Mineral Resources and Reserves For personal use only INVESTOR PRESENTATION 25
Slide 26: B – Transaction Terms – Earn-in Agreement
Annexure B – Transaction Terms – Earn-in Agreement Agreement Earn-in Agreement Transcendentia will be appointed as ‘Operator’ to act as agent for and on behalf of the parties until the Stage 1 Minimum Spend is satisfied. The Parties Norfolk, Transcendentia and Transcendence Operator For personal use
Slide 27: B – Transaction Terms – Option Agreement
Annexure B – Transaction Terms – Option Agreement Agreement Binding Option Agreement (Option Agreement) For personal use only Transcendentia’s subsidiary, Carmen Copper SpA (Carmen Chile), is party to a binding option agreement with the owners of the Project (Owners) under Description which Carmen C
Slide 28: C - Transcendence Mining - Operator Capability Matrix
Annexure C - Transcendence Mining - Operator Capability Matrix Carmen Copper Operators – Combined project experience matrix For personal use only Project Commodity Status Exploration Feasibility Development Financing SCM Nickel Mine (lndo) Nickel Producing INVESTOR PRESENTATION Acid Iron and Metals
Slide 29: D - Carmen Cu Project Historical Drill Holes – Significant Intersections
Annexure D - Carmen Cu Project Historical Drill Holes – Significant Intersections Minimum intercept width 4m, except for over known veins Intercepts calculated using 0.2% Cu cutoff and allowing up to 4m of internal waste Included intercepts calculated using 1.0% Cu cutoff and allowing up to 4m of in
Slide 30: D - Carmen Cu Project Historical Drill Holes – Significant Intersections
Annexure D - Carmen Cu Project Historical Drill Holes – Significant Intersections Minimum intercept width 4m, except for over known veins Intercepts calculated using 0.2% Cu cutoff and allowing up to 4m of internal waste Included intercepts calculated using 1.0% Cu cutoff and allowing up to 4m of in
Slide 31: D - Carmen Cu Project Historical Drill Holes – Significant Intersections
Annexure D - Carmen Cu Project Historical Drill Holes – Significant Intersections Minimum intercept width 4m, except for over known veins Intercepts calculated using 0.2% Cu cutoff and allowing up to 4m of internal waste Included intercepts calculated using 1.0% Cu cutoff and allowing up to 4m of in