Norfolk Metals Ltd. provided an 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 comprises of 2 exploration licenses (ELs) coving 261km2 and over 30 kilometers strike 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 drill testing. Drilling at the Roger River Project commenced during September 2022.

The first drillhole 22RRD-001 was located in prospect A2 and targeted a coincident magnetic and gravity anomaly defined by Norfolk during the recent surface geophysical survey. The target was conceptual in nature and the drill hole was designed to better resolve the source of key geophysical units within the project area. Encouragingly, native copper was observed over discrete zones from 58.50m to 145.40m downhole depths.

Native copper occurs as disseminations (1%-3%) in the host rock (basalt) as well as disseminations in later quartz-carbonate veins overprinting the host rock. There appears to be strong alteration near the basalt and sediment contact (147.5m downhole) with magnetite potassium and hematite assemblage around silica-carbonate veins containing native copper. The intercalated basalt/sediment units shows dense potassic-epidote-silica veins with disseminated pyrite.

Some of the clasts within the sediments demonstrate flattening and suggest that compression/faulting could possibly be creating dilational zones. These type of dilational zones promote deformation with fractal opening that may allow mineralised fluids to accumulate. Within the sedimentary units (209.60m to 318.0m EOH), several strongly laminated massive pyrite veins were observed.

The veins are up to 4mm in thickness.