Extension of Exclusivity for Los Altares
Released
Released
Announcement PDF
ASX:NFL
Extension of Exclusivity for Los Altares
Date: 27th June 2024
ASX Code: NFL
Capital Structure
Ordinary Shares: 40,915,932
Unlisted Options: 9,990,000
Listed Options: 10,999,808
Performance Shares: 1,400,000
Current Share Price: 13c
Market Capitalisation: $5.32m
Cash: $2.91m (31 Mar 2024)
Debt: Nil
Directors
Ben Phillips
Executive Chairman
Leo Pilapil
Technical Director
Norfolk Metals Limited (ASX: NFL) (Norfolk or the Company) refers to its
announcement dated 18 April 2024 regarding entry into an exclusivity and due
diligence deed (Exclusivity Deed) with Green Shift Commodities Ltd (GCOM), a
company incorporated in Canada, to acquire 100% of the Los Altares uranium
project in Chebut, Argentina (Proposed Transaction).
Norfolk is pleased to confirm that Norfolk and GCOM have agreed to further
extend the exclusivity period under the Exclusivity Deed by a further 30 days. The
total exclusivity period under the Exclusivity Deed is now 105 days commencing
on 14 April 2024.
Upon entry into any binding documentation in connection with the Proposed
Transaction (which Norfolk notes is still subject to negotiation), Norfolk will
provide a further update to the market in accordance with its continuous
disclosure obligations
Patrick Holywell
Non-Executive Director
Arron Canicais
Company Secretary
Contact Details
Unit 10,
85-87 Forrest Street
Cottesloe WA 6011
Phone: +61 8 6255 8625
norfolkmetals.com.au
END
This announcement has been authorized by the board of directors of Norfolk.
About Norfolk Metals
The Orroroo Uranium Project comprises three granted exploration licenses,
EL6552, EL6814 and EL6948, which together cover 723km 2, located
approximately 274km northwest of the capital city of Adelaide, South Australia
within the Walloway Basin, which is an elongate Tertiary Basin approximately
50km long and up to 15km wide. It consists of Tertiary and Quaternary sediments
unconformably underlain by Adelaidian basement.
The Roger River Project comprises two granted exploration licenses, EL20/2020,
and EL17/2021, which together cover 261km2, located 410km northwest of the
capital city of Hobart, Tasmania. The Project is prospective for gold and copper
as indicated by the intense silicification, argillisation and diatreme breccias in
close proximity to the Roger River Fault along with carbonate-rich host rocks.
For further information please visit www.norfolkmetals.com.au.
Norfolk Metals Limited I ABN: 28 652 438 385
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www.norfolkmetals.com.au
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