Announcement PDF ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au ASX:NFL 5 November 2026 Norfolk Ciclón Copper Project – Further Transaction Update Norfolk Metals Limited (Norfolk or the Company) refers to its announcement dated 19 October 2026 and quarterly activities report dated 30 October 2026 regarding its proposed acquisition of the Ciclón Copper Project in Chile and associated capital raising and re-compliance with Chapters 1 and 2 of the ASX Listing Rules (together, the Transaction). The Company announced that the End Date of the Share Purchase Agreement was extended to 31 December 2026. As a result of recent market sentiment, completion of the Transaction has been delayed. The shareholder approvals obtained at the Company’s general meeting held on 3 August 2026 for the issue of securities in connection with the Transaction have now lapsed, as the relevant securities were not issued within the three- month approval period. Accordingly, the Company will be required to convene a further general meeting to seek fresh shareholder approvals for those issues. A notice of meeting will be provided to shareholders in due course. The Company is assessing appropriate market conditions to relaunch the Transaction and is not currently in a position to provide a fixed timetable for the capital raising, completion of the Transaction or reinstatement of its securities to trading on ASX. The Company will provide an updated indicative timetable when it is in a position to do so. Completion of the Transaction and reinstatement of the Company’s securities to trading remain subject to (amongst other things) raising a minimum of AUD $75 million under a public offer and satisfying ASX conditions of reinstatement. There is no certainty that the Transaction will complete or that the Company’s securities will be reinstated to trading. END This announcement has been authorised for release by the Board of Norfolk Metals Ltd Disclaimers This announcement has been prepared by Norfolk Metals Limited (ACN 652 438 385). The information contained in this release is for information purposes only. This release may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of the Company. The information contained in this release is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this release, the Company has not considered the objectives, financial position or needs of any particular recipient. The information contained in this release is not a substitute for detailed investigation or analysis of any particular issue and does not purport to be all of the information that a person would need to make an assessment of the Company or its assets. Current and potential investors should seek independent advice before making any investment decisions in regard to the Company or its activities. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this release. To the maximum extent permitted by law, none of the Company, its related bodies corporate, shareholders or respective directors, officers, employees, agents or advisors, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this release. This release does not constitute an invitation, offer or recommendation to apply for or purchase securities and does not contain any application form for securities. This release does not constitute an advertisement for an offer or proposed offer of securities. Neither this release nor anything contained in it shall form the basis of any contract or commitment and it is not intended to induce or solicit any person to engage in, or refrain from engaging in, any transaction.