• Suspended from trading for proposed material acquisition in Chile
• Completed Phase #1 of maiden drill campaign at Carmen Copper Project
• Raised $2.1 million through placement to sophisticated investors

Norfolk Metals Ltd (ASX:NFL) has reported on its activities for the 3-month period ended 31 March 2026. Highlights include the completion of Phase #1 of the maiden drill campaign at the Carmen Copper Project, with high-grade copper intercepts confirming the potential of the project. The company also closed a successful $2.1 million capital raise from sophisticated resource investors. Norfolk has been suspended from trading since 11 March 2026 in relation to a proposed material acquisition in Chile and an associated proposed re-compliance with Listing Rule 11.1. The company is progressing the necessary regulatory approvals and expects to provide a comprehensive update to the market in May 2026, including an indicative timeline for the proposed completion of the acquisition and the company's readmission to trading. During the quarter, Norfolk also advanced parallel workstreams at the Carmen Copper Project, including field mapping, sampling, structural interpretation, and re-assaying of historical diamond core to inform future drilling priorities. Preliminary water supply investigations are also nearing completion. The company's other projects, the Orroroo Uranium Project in South Australia and the Roger River Project in Tasmania, remain as assets, with ongoing evaluation and planning for future exploration activities.