• Norfolk Metals to acquire Ciclón Copper Project in Chile for USD $50 million
• Transaction includes USD $45 million in cash and USD $5 million in Norfolk shares
• Acquisition is expected to close in August 2026
• Norfolk plans to raise a minimum of AUD $100 million through a public offer
• Experienced executives Anthony McClure and Andrew Bray to join the board

Norfolk Metals Ltd has entered into a binding agreement to acquire the Ciclón Copper Project in Chile for a total consideration of USD $50 million. The acquisition includes USD $45 million in cash and USD $5 million in Norfolk shares. The Ciclón Copper Project, located in the Domeyko Cordillera, is an advanced copper project with a foreign mineral resource estimate of 10.1 million tonnes at 2.97% copper equivalent. The transaction is expected to close in August 2026 and is conditional on Norfolk raising a minimum of AUD $100 million through a public offer. The acquisition will significantly expand Norfolk's copper exploration and production footprint in Chile.

Norfolk Metals Ltd plans to raise a minimum of AUD $100 million through a public offer.

The acquisition of the Ciclón Copper Project is expected to enhance Norfolk Metals Ltd's copper exploration and production capabilities in Chile, with significant potential for growth and value creation.