Norfolk Metals Ltd. provided the update on the Company's maiden drilling program at the Roger River Project, located in the north-western region of Tasmania. Tasmania is host to several world-class base and precious metal deposits such as Rosebury (MMG) and Mount Lyell (New Century Zinc). The Roger River Project is comprised of 2 exploration licenses (ELs) covering 261km2 and over 30 kilometre strike length of the highly prospective Roger River Fault zone, which is host to several gold and copper occurrences as well as alteration, silicification and diatreme breccias typical of epithermal precious metal deposits.

Previous exploration by Leached Cap Pty Ltd. during 2016 defined anomalous arsenic and gold in associated splays off the main fault system. In June of this year, Norfolk completed a detailed gravity, and drone magnetics geophysical survey generating new targets for the maiden drill program. To date, 3 holes have been completed for a total of 885.20m.

The 3 holes were drilled to test the coincident magnetic and gravity anomalies along the fault splay from the Roger River Fault. The third hole (22RRD-003) was drilled to 347.20m, which is located approximately 3.2km from the 1st hole (22RRD-001). The drill crew have been residing in Alcomie, Tasmania.

While the drilling team breaks for a period the Company will continue the exploration program with rehabilitation requirements, access permitting, potential geochemistry and geophysical programs. The hole was drilled to test the magnetic anomaly A1b near the junction of the interpreted splay and the main Roger River Fault. The target was conceptual in nature and the drill hole was designed to test the source of key geophysical units and its association with possible mineralization within the project area. Native copper was observed over discrete zones from 102.0m to 137.80m downhole depths.

Native copper occurs as clast in wall rock (<1%), as disseminations (1-3%) in the host rock (basalt) as well as disseminations (<1%) in later quartz-carbonate veins overprinting the host rock. There appears to be stronger copper mineralization (1-3%) from 212.4m to 216.4m downhole where copper has been observed consistently along the basalt fractures. The interbedded sediment units (263.05m to 338.90m) partly hematitic, shows dense potassic-epidote-silica veins with minor disseminated pyrite (<1%).