Norfolk Metals Ltd. · ASX:NFL
Norfolk Metals — Investor Presentation (July 2025)
33 slides from Norfolk Metals's investor presentation, Jul 28, 2025
Slide 1: 2025 Maiden Drill Campaign Investor Presentation
For personal use only 2025 Maiden Drill Campaign Investor Presentation July 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: Copper Commodity Highlights
Copper Commodity Highlights Copper is the fundamental metal for existing energy infrastructure, future energy transitions and For personal use only growing AI data centre requirements. Supply gaps are presenting; copper prices are rising. Copper Firms Up Near Record High Copper futures edged up to a
Slide 4: Chilean Copper Production and Reserves
Chilean Copper Production and Reserves Location Chile maintains its status as the world's largest For personal use only copper producer, accounting for approximately 25% of global copper ore production. This dominant position gives the country significant influence over global supply dynamics. Minin
Slide 5: Carmen Copper Highlights
Carmen Copper Highlights June 2025 Norfolk commenced earn-in at the Carmen Copper Project with Transcendence Mining as Operators 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 i
Slide 6: Corporate Snapshot
Corporate Snapshot Top 20 own ~47% of Transformational Tight capital For personal use only shares on issue, earn in commenced structure leveraged 623 shareholders in prime commodity for exploration and (as at 27th July 2025) and jurisdiction with development favourable deal terms success Pro Forma C
Slide 7: 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 8: Management Team – JV Operators
Management Team – JV Operators Please refer to Annexure B - 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 9: Carmen Copper Project
For personal use only Carmen Copper Project ASX:NFL norfolkmetals.com.au 9
Slide 10: 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 11: Introduction to Carmen Copper Project
Introduction to Carmen Copper Project ▪ Established Operations Camp in For personal use only town of Alto del Carmen approximately 1h drive from site (25 km) ▪ Industrial water for drilling available at Operations Camp INVESTOR PRESENTATION ▪ Altitude and rainfall allows work to operate all year aro
Slide 12: Operations Camp
Operations Camp For personal use only INVESTOR PRESENTATION Alto del Carmen Core Shed Alto del Carmen Accommodation Alto del Carmen Operations Camp 12
Slide 13: Carmen Copper Project – Regional Geology – Over 15km of strike
Carmen Copper Project – Regional Geology – Over 15km of strike ▪ The Carmen Copper Project historical resource is contained within approx. 5% of the total 15km plus potential strike For personal use only length of two major geological belts within the project area. The project also hosts multiple hi
Slide 14: South West view over partial 7.5km of strike
South West view over partial 7.5km of strike from Carmen Main towards Dolores For personal use only INVESTOR PRESENTATION 14
Slide 15: Carmen Main – Oxide Mineralisation
Carmen Main – Oxide Mineralisation For personal use only ▪ The Carmen Main copper oxide/enriched zone forms a blanket from the surface to around the 30-40m depth, which is INVESTOR PRESENTATION potentially amenable to a low strip- ratio, low cost, shallow open pit mining operation ▪ The known copper
Slide 16: Carmen Historical Drilling – Exceptional Oxide Grades from Surface
Carmen Historical Drilling – 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
Slide 17: Shallow Sulphide Opportunity at Carmen
Shallow Sulphide Opportunity at Carmen 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 sul
Slide 18: Maiden Drill Campaign
For personal use only Maiden Drill Campaign ASX:NFL norfolkmetals.com.au
Slide 19: Maiden Drill Campaign – Drill Collars and Objectives
Maiden Drill Campaign – Drill Collars and Objectives 2025-2026 objectives : For personal use only ▪ Delineate a substantive copper oxide resource through extensions to known mineralisation within the Carmen Main Area ▪ Delineate further sulphide potential beneath Carmen INVESTOR PRESENTATION Main an
Slide 20: Carmen Main - Targeting Oxide Resource Expansion
Carmen Main - Targeting Oxide Resource Expansion ▪ Significant potential is recognised outside For personal use only of the Carmen Main area from surface soil sampling with over 2.2km of strike to the northeast and 3.5km of strike to the southwest INVESTOR PRESENTATION ▪ East of the Carmen Main area
Slide 21: Targeting – Regional Resource Expansion
Targeting – Regional Resource Expansion ▪ Outside of Carmen Main, Induced For personal use only Polarization (IP) regional targets (within black outlines on image) will be explored by conducting surface sampling, mapping and drilling to delineate potential copper and/or INVESTOR PRESENTATION gold mi
Slide 22: Heap-Leach Column Test Work to Confirm post Drilling
Heap-Leach Column Test Work to Confirm post Drilling 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
Slide 23: Indicative Milestones / News flow
Indicative Milestones / News flow For personal use only Q3 2025 • Drilling permit granted by authorities in Chile (SERNAGEOMIN) – see ASX release July 21st 2025 • Finalise all stakeholder engagements and contractor inductions INVESTOR PRESENTATION • Appoint a Transcendence Mining director to Norfolk
Slide 24: 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 25: 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 26: Annexure A - NI 43-101 - Mineral Resources and Reserves
Annexure A - NI 43-101 - Mineral Resources and Reserves For personal use only INVESTOR PRESENTATION 26
Slide 27: Annexure A - NI 43-101 - Mineral Resources and Reserves
Annexure A - NI 43-101 - Mineral Resources and Reserves For personal use only INVESTOR PRESENTATION 27
Slide 28: Annexure A - NI 43-101 - Mineral Resources and Reserves
Annexure A - NI 43-101 - Mineral Resources and Reserves For personal use only INVESTOR PRESENTATION 28
Slide 29: Annexure A - NI 43-101 - Mineral Resources and Reserves
Annexure A - NI 43-101 - Mineral Resources and Reserves For personal use only INVESTOR PRESENTATION 29
Slide 30: Annexure B - Transcendence Mining - Operator Capability Matrix
Annexure B - 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 31: 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 32: 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 33: 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