Norfolk Metals Ltd. · ASX:NFL
Norfolk Metals — NWR Virtual Copper Conference 2025
29 slides from Norfolk Metals's conference presentation, Sep 1, 2025
Slide 1: Carmen Copper Project Conference: Wired for Growth
Virtual Copper Carmen Copper Project Conference “Wired for Growth” For personal use only Transformational Project Tier 1 Jurisdiction Proven Team Investor Presentation September 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: Carmen Copper Project objective
Carmen Copper Project objective “Our objective is to define a copper oxide resource For personal use only of sufficient scale to support a low-cost, high-margin heap leaching operation while simultaneously unlocking the substantial shallow sulphide potential below the oxide cap” INVESTOR PRESENTATIO
Slide 4: Copper powers progress
Copper powers progress Copper is the backbone of electrification and global growth; it is pivotal to the green energy For personal use only transition and growing AI data centre requirements. Supply gaps are driving long-term upside. Copper now included in draft “2025 List of Critical Minerals” as o
Slide 5: Board and Project Operators
Board and Project Operators For personal use only Ben Phillips Leo Pilapil Patrick Holywell Executive Chair – Norfolk Metals Non-Exec Technical Director – Norfolk Metals Independent, Non-Exec Director – Norfolk Metals INVESTOR PRESENTATION Jason Greive David Fowler Alex Raab Director – Transcendence
Slide 6: Key messages & value proposition
Key messages & value proposition For personal use only 1. Copper and Chile is the right commodity at the right address Chile is the world leader in copper production and known deposits. More than 60 copper mines in Chile with more than 2 dozen heap leach operations providing a proven platform for No
Slide 7: Project overview
Project overview 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-arid with typical summ
Slide 8: Project location
Project location ▪ Established Operations Camp in For personal use only town of Alto del Carmen approximately 1h drive from site (25 km) ▪ Industrial water supply for drilling available at Operations Camp INVESTOR PRESENTATION ▪ Altitude and precipitation allows year-round access and operations ▪ Al
Slide 9: Project highlights
Project highlights August 2025 Norfolk commenced drilling up to 5,100m RC and DD Maiden Drill Campaign at the Carmen Copper Project in Chile with Highly For personal use only Transcendence Mining as Operators Scalable The project has significant copper oxide and copper sulphide exploration potential
Slide 10: Resource expansion potential
Resource expansion potential ▪ The Carmen Copper Project historical resource For personal use only is contained within approx. 5% of the total 15km plus potential strike length of two major geological belts within the project area. INVESTOR PRESENTATION ▪ The Carmen-Tabaco Belt is over 7.5km long an
Slide 11: SW view over partial 7.5km of strike from Carmen Main towards Dolores
SW view over partial 7.5km of strike from Carmen Main towards Dolores For personal use only INVESTOR PRESENTATION 11
Slide 12: Oxide mineralisation
Oxide mineralisation For personal use only ▪ The known* copper oxide mineralization at Carmen Main is at least 2.8 km long and 400-800m wide - with less than 20% of this strike length drilled INVESTOR PRESENTATION ▪ The Carmen Main copper oxide/enriched zone forms a blanket from the surface to aroun
Slide 13: Exceptional oxide grades from surface
Exceptional oxide grades from surface Please refer to Annexure C - Carmen Cu Project Historical Drill Holes – Higher Grade Intersections For personal use only Higher grade oxide intervals inside the Carmen NI 43-101 MRE include; TAB 33: 27.5m @ 1.12% Cu (from 1.5m), incl. 11.5m @ 1.88% Cu INVESTOR P
Slide 14: Oxide test work
Oxide test work Column 1 Column 2 Column 3 ▪ Historical column test work performed on 3 samples of For personal use only Head Grade Analysed Total Cu 1.29 0.33 0.95 the oxidized metasediments collected from trenches in Soluble Cu 1.22 0.28 0.82 the vicinity of 4 drillholes and varying in weight from
Slide 15: Shallow sulphide opportunity
Shallow sulphide opportunity Please refer to Annexure C - Carmen Cu Project Historical Drill Holes – Higher Grade Intersections For personal use only INVESTOR PRESENTATION TAB 031 – Flow banded metasediment containing mainly of Cu sulphides (chalcopyrite) and minor pyrite1 Higher grade sulphide inte
Slide 16: Maiden Drill Campaign Progress
For personal use only Maiden Drill Campaign Progress ASX:NFL norfolkmetals.com.au
Slide 17: Maiden drill campaign
Maiden drill campaign For personal use only Drilling Matrix – 50 Proposed Collars Oxide Targeted RC & DD Holes 20 drill holes with 71m average target depth INVESTOR PRESENTATION Oxide/Sulphide Targeted RC Holes 1 drill hole with 90m targeted depth Oxide/Sulphide Targeted DD Holes 1 drill hole with 2
Slide 18: Corporate snapshot
Corporate snapshot Top 20 own ~43% of Transformational Tight capital For personal use only shares on issue, earn in commenced structure leveraged 697 shareholders in prime commodity for exploration and (as at 29th August and jurisdiction with development 2025) favourable deal terms success Pro Forma
Slide 19: Key messages & value proposition
Key messages & value proposition For personal use only 1. Copper and Chile is the right commodity at the right address Chile is the world leader in copper production and known deposits. More than 60 copper mines in Chile with more than 2 dozen heap leach operations providing a proven platform for No
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: Annexure 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: Annexure 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: Annexure 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: Annexure 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: Annexure 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: Annexure B - Transcendence Mining - previous project involvement
Annexure B - Transcendence Mining - previous project involvement Carmen Copper Operators – 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 (lndo)
Slide 27: Annexure C - Carmen Cu Project Historical Drill Holes – Significant Intersections
Annexure C - 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 28: Annexure C - Carmen Cu Project Historical Drill Holes – Significant Intersections
Annexure C - 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 29: Annexure C - Carmen Cu Project Historical Drill Holes – Significant Intersections
Annexure C - 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