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 14 January 2026 Strong Copper Intercepts Demonstrate Major Mineralised System at Carmen Copper plus Firm Commitments for Placement Final assays received from Carmen Copper Project Maiden Drill Campaign confirming sulphide mineralisation open at depth. • Final results for the 6 remaining RC drill holes have been received which successfully completes Phase #1 of the Maiden Drilling Campaign. • These recently received assays from CCRC-25-033 and CCRC-25-034 have confirmed the presence of higher grade primary Cu Sulphide mineralisation within the Carmen Main area and remains open at depth. HIGHER GRADE DRILLING INTERCEPTS: o CCRC-25-033 - 32m (19.9m TW) @ 1.3% Cu from 97m; incl. 9m @ 2.2% Cu from 99m, 4m @ 1.8% Cu from 113m; 2m @ 1.9% Cu from 119m; and 3m @ 2.1% Cu from 125m o CCRC-25-034 - 26m (21.9m TW) @ 0.8% Cu from 37m; incl. 6m @ 1.3% Cu from 39m; and 4m @ 2.2% Cu from 52m o CCRC-25-035 - 18m (15.6m TW) @ 0.5% Cu from 40m; incl. 5m @ 0.9% Cu from 52m o CCRC-25-036 - 12m (10.3m TW) @ 0.8% Cu from 79m; incl. 3m @ 1.3% Cu from 79m • Previously reported assays from Phase #1 of the Maiden Drill Campaign also include; HIGHER GRADE DRILLING INTERCEPTS: o CCRC-25-030 - 53m (30.9m TW) @ 1.1% Cu from 62m; incl. 4m @ 1.3% Cu from 64m, and 13m @ 1.9% Cu from 85m; and 13m @ 1.6% Cu from 100m o CCRC-25-027 - 17m (13.7 TW) @ 0.9% Cu from 14m; incl. 3m @ 1.4% Cu from 16m and 5m @ 1.5% Cu from 24m o CCRC-25-020 - 22m (19.2 TW) @ 0.5% Cu from 0m; incl. 6m @ 1.0% Cu from 12m • Sampling conducted on the Higueritas Belt has returned rock chip assays of up to 1.4% Cu at surface with the strong IP anomaly below surface workings remaining untested. • The Phase #2 Diamond Program is planned following the completion of further field mapping, rock chip surface sampling and potential trenching, along with the interpretation of complete RC results and historical assays. • Step out drilling of several untested regional IP targets including the Higueritas Belt will also be included in Phase #2 Diamond Program. • Norfolk has received firm commitments for a $2,100,000 placement via the Company’s capacity under ASX listing rules 7.1 and 7.1A (plus an additional $100,000 director participation subject to shareholder approval) including sophisticated resource investors who approached the Company as a cornerstone. • Approximately 1,000m of historical DDH core displaying mineralisation has been quarter-cut and submitted for assay analysis with results expected in the coming weeks. This mineralised core will assist in the Company’s ability to evaluate results alongside historical assays with the potential to model and report a JORC compliant resource in the future. The Project hosts a foreign copper oxide mineral 2 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au • resource estimate of 5.6Mt at 0.6% Cu reported in accordance with Canadian National Instrument 43-101 (Carmen NI 43-101 MRE).1 2 InvestorHub Investors are also encouraged to join and engage through the Norfolk Metals InvestorHub, post questions and feedback through the Q&A function accompanying each piece of content, and engage directly with the Norfolk team. Maiden Drilling Campaign Norfolk Metals Ltd (Norfolk or the Company) is pleased to report the assay results from the final six RC holes of the Maiden Drill Campaign totalling 945m which completes Phase #1 of the 2025 Maiden Drill Campaign with 37 RC holes drilled totalling 3,401m with no personal safety, process safety or environmental incidents incurred (Figure 1). The assays received from CCRC-25-033 (Image 1) confirms and validates the results from historical drill hole TAB 01A. Five of the six holes were drilled along the Carmen Tobaco Thrust (CT Thrust) at Carmen Main and one hole was drilled in the Higueritas Belt below the sampled Cu workings. Image 1: Carmen Cu Project Carmen CCRC -25-033 sulphide intersection 99-100m 3.4% Cu Fine-grained Dacitic rock (hypabyssal) porphyritic texture, fine qtz in fine groundmass. # True width(s) (TW) have been calculated using method as outlined in“Orientation of data in relation to geological structure”in JORC Table 1 at rear of announcement. 1 Independent Technical Report prepared by SRK Consulting Chile S.A. (SRK) for International PBX Ventures Ltd. (IPBX) published 25 January 2007 (Carmen NI 43-101 MRE). 2 This is a foreign estimate not reported in accordance with the JORC Code. The supporting information required by Listing Rule 5.12 was first disclosed to ASX on 31 March 2025 and has not materially changed. The Carmen NI 43-101 mineral resource estimate is a foreign estimate and is not reported in accordance with the JORC Code. A Competent Person has not yet undertaken work to classify the foreign estimate as a Mineral Resource in accordance with the JORC Code. It is uncertain whether further evaluation will result in the estimate being able to be reported as a Mineral Resource under the JORC Code. It is uncertain that following evaluation and further exploration work that the foreign estimates will be able to be reported as Mineral Resources in accordance with the provisions of the JORC Code. 3 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au Approximately 20 Diamond Drill Holes (DDH) totalling up to 2,380m remains in planning to follow the RC drilling (Phase #2). In the interim, 1:2000 scale field mapping and rock chip sampling of the Carmen Main area and along strike to the NE and SW on strike to the CT Thrust as well as parts of the Higueritas Belt have commenced to identify structural controls that may be associated with the high grade Cu Oxide and Sulphide mineralisation. The outcome from the mapping and selected areas for sampling or trenching will determine if any adjustment of the planned DDH is required and will also set the order of Phase #2 drilling priorities3 . Figure 1: Carmen Cu Project Carmen Main Maiden Drill Campaign RC Phase #1 3 Statements regarding exploration potential, mineralisation trends and future drilling outcomes are forward-looking and subject to geological and operational risks. 4 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au Results Phase #1 of the Maiden Drilling Campaign has been completed consisting of 37 RC holes drilled totalling 3,401m. The results of the higher grade intersections from the drill program have been summarised below (Table 1). Refer to Table 4 for further details of the results of Phase #1 drilling. Table 1: Carmen Main Higher Grade Intercepts Overall, the RC drilling results validated the historical Cu Oxide and Cu Sulphide intersections used in the Carmen NI 43-101 MRE and confirmed the higher grades contained within the sulphide mineralisation. Drilling along the downdip margins of the CT Thrust has confirmed the continuity of the Cu oxide ore data used in the historic Carmen NI 43-101 MRE, and indicates mineralisation remains open at depth, outlining the potential to add resources in the sulphide section of the ore body. The results of the last six hole of the RC drilling program have shown the following: Carmen Main Results 1. Testing down dip extent of the mineralisation within the Copper Oxide Zone (COZ) and CT Thrust at depth. Drill holes CCRC-25-035 and CCRC-25-036 successfully tested/confirmed (Table 2) the down dip extensions of the COZ located within western extent of the Carmen NI 43-101 MRE (Figure 1). The significant mineralisation observed in both holes suggest that the western side (down dip) remains open and with further drilling and verification, could potentially add significant oxide/sulphide resources additional to the Carmen NI 43-101 MRE (Figure 2). Table 2: Results comparison of twin CCRC/IPBX holes Both holes were extended to test the CT Thrust which is believed to be the conduit or main feeder for the copper mineralisation within the Carmen Main zone. Both holes intersected the CT Thrust targets but the zones did not contain any anomalous copper mineralisation. This suggests that these fault structures and other secondary NNW, N/S, and NNE striking faults are potentially part of a complex system; and that intersections between faults structurally control the mineralisation that is propagating along the CT Thrust. The possible outcome is a shoot direction plunging steeply along the line of intersection between the CT Thrust and other cross-cutting faults. Section Line NFL Drill Hole Intersection IPBX Hole Intersection 10,150NE CCRC-25-035 19m @ 0.5% Cu TAB-08A 21.5m @0.4% Cu 10,350NE CCRC-25-036 12m @ 0.77% Cu TAB-067 12m @ 0.79% Cu 5 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au Figure 2: Carmen Main Section 10350mNE – Open at Depth 2. Deeper RC holes on section 10,000mNE (Figure 2) further confirmed Cu sulphide potential at depth and northern oxide extension Drill hole CCRC-25-033 was drilled vertically as partial infill and confirm the mineralisation between holes TAB 01A (Historical Drill Hole) and CCRC-25-030 (Maiden Drill Campaign RC hole). The hole intersected strong mineralisation (Image 1) and the assays confirmed the high grade Cu sulphide mineralisation observed from the immediate surrounding holes (Figure 3). Significant intercepts of Cu Oxide and Cu Sulphide mineralisation were observed starting from 32m depth and below. The deeper RC drilling on the 10,000mNE section confirmed the potential of the Cu sulphide mineralisation that remains open at depth and will be a prime target for the Phase #2 diamond drilling program. Drill hole CCRC-25-034 was drilled approximately 50m to the north of hole CCRC-25-033 (Figure 4). The drill hole intersected the Cu oxide/sulphide transition zone within the meta-sediments from 79m and is open at depth. The metasediment and andesite contact was intersected at 102m (CTTF). The hole was then extended past 200m to test the Tabaco Fault but no further copper mineralisation was intersected. The drilling suggests that the mineralisation is open to the west and that there may be a shoot controlling the mineralisation that is plunging steeply in the NNW direction. This will be tested during the next phase of Diamond Drilling. 6 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au Figure 3: Carmen Main Section 10,000mNE Figure 4: Carmen Main Section 10,050mNE – open at depth 7 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au Higueritas Prospect 1. Surface Rock Chip and Panel Sampling The Higueritas Belt is 7.5km long, from 0.5 to 1km wide and sub parallels the Carmen-Tabaco Belt. There has been limited historical work conducted over this area. Reconnaissance mapping has revealed copper mineralisation on surface outcrops contained within crack fissures/fractures and breccias that may have resulted from isoclinal en- echelon folding of the andesite units. Major NE/SW and N/S striking structures observed appear to represent folding hinge lines, spatially coincident with a strong IP chargeability anomaly. These folding structures may represent possible pathways for the Cu mineralisation to travel to the surface from a source at depth. Rock chip and panel sampling assay results over the shallow copper workings have been received and illustrated below (Figure 5). The assay results are strongly anomalous with up to 1.4% Cu. Mapping and geochemical soil sampling along the Higueritas Belt have been planned to define other drill targets for the next drilling campaigns. There are 4 distinct strong IP anomalies along the belt varying from 0.5-1.5km long and approximately 5km in total strike length. Figure 5: Higueritas Prospect surface rock chip and panel sampling results 2. Drill hole CCRC-025-032 Drill hole CCRC-25-032 was originally planned to test the top of the strong continuous IP anomaly at depth. The purpose of the hole was 2-fold (Figure 6): 8 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au • to test directly below the surface copper workings; and, • to drill down to 200-250m to test the IP anomaly The hole commenced in andesitic rocks and intersected a structure with significant fault gouge at 49m. This fault zone unfortunately caused repeated pinching of the drill string with the hole continuously collapsing causing extended delays. Consequently, the hole was abandoned at 119m. A deep diamond hole (500m) has been planned to test the IP anomaly in the next phase of drilling. Figure 6: Higueritas Prospect CCRC-25-032 & Planned deep DDH to test IP anomaly The table of higher-grade intersections and rock chip sampling have been included in Appendix of the JORC Table. Permitting and Project Development Studies Norfolk previously updated the market on the parallel work streams to exploration being the application for a DIA via The National Geology and Mining Service of Chile (Sernageomin); as required by all mining projects in exploration stage, which outlines the proposed exploration and resource development activities over a period of five years. This remains on track to be submitted to authorities early this year. Another work stream with a view to de-risking and enabling future development at Carmen Copper are preliminary investigations into water supply. The contracted study will soon be completed with Cormiquim SpA providing the Company with an evaluation matrix of future water supply options which will consider sourcing water from within the project area and external third-party options inclusive of third-party consortium desalination projects. 9 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au Next Steps A 1:2000 Surface mapping and Rock Chip sampling program is underway and will concentrate on the Carmen Main Sector and up to 3km along strike of the CT Thrust to the NE and SW. Concentration will be focused on detailed structural mapping of N/S, NNW faults, shears, fractures, bedding, and lithological contacts. The detailed structural mapping will result in essential structural data necessary for building a structural model and the control on Cu Oxide and sulfide mineralization at the Carmen Project. Attention will additionally be focused on different host rock lithology, principally the meta-sediments known to host Cu Oxide located within the hanging wall of the CT thrust as well as sub-volcanic intrusive dacite and intrusive breccias known to host important high grade Cu sulfide mineralization spatially associated with the CT Thrust. The overall short term objective is to improve the understanding of structural controls on mineralization, thereby improving target definition for the upcoming Phase #2 of the Maiden Drilling Campaign and subsequent drill campaigns leading to important new definition of Cu Oxide and Cu Sulfide mineralization within the Carmen Main sector and several other targets along strike to the NE and SW along the 7.5km long Carmen-Tabaco Belt. RC Drilling during Phase #1 RC drilling has validated the historic 2003-2006 IPBX drilling which was used in the historic 2007 NI43-101 Cu Oxide MRE at the Carmen Project. The company remains focused on the long term goal of increasing the tonnage of Cu Oxide and anticipates the inclusion of a significant Cu Sulphide ore component as it works towards an updated JORC compliant MRE. $2.1m Capital Raise Committed The Company has received firm commitments from sophisticated resource investors as cornerstones, existing shareholders and directors to raise $2,100,000 (before costs) through a placement of up to a total of 21,000,000 fully paid ordinary shares at an issue price of $0.10 each (Placement Shares), together with one free attaching unquoted option for every Placement Share subscribed for (Placement Options) (the Placement). The Placement Shares will represent approximately 25% of the Company’s existing shares on issue. The issue price represents a 4.76% discount to the last traded price of $0.105 on 13 January 2026, and a 3.85% discount to the 15-day volume weighted average price (VWAP) of $0.104. The Placement Shares (excluding the Director Placement Shares referred to below) will be issued under the Company’s available placement capacity under Listing Rule 7.1 (11,919,886 Shares) and Listing Rule 7.1A (8,080,114 Shares). The Placement Shares will rank equally with the Company’s existing fully paid ordinary shares on issue. The Placement Options will have an exercise price of $0.15 each and will expire 3 years from the date of issue. The Board has committed to subscribe for 1,000,000 Placement Shares ($100,000) (Director Placement Shares) and 1,000,000 free attaching Options on the same terms as other participants in the Placement (together, the Director Placement Securities). This amount forms part of the total $2,100,000 (before costs) to be raised under the Placement. The issue of Director Placement Securities and all of the Placement Options are subject to shareholder approval at a general meeting expected to be held in late February 2026 (Meeting). The Placement Shares (with the exception of the Director Placement Shares) are expected to be issued on or about 27th January 2026. The Director Placement Securities and Placement Options will be issued following the Meeting subject to the approval of shareholders. Proceeds of the Placement will be used for exploration work to finalise planning and commence Phase #2 of the Maiden Drilling Campaign and general working capital. 10 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au JP Equity Partners acted as lead manager to the Placement. In return for these services, the lead manager will be paid a fee of 6% of the amount raised under the Placement (before costs) and will be issued 2,000,000 options on the same terms as the Placement Options, subject to shareholder approval at the Meeting. Carmen Copper Project The Carmen Copper Project (CCP) is located in the Huasco Province, Atacama Region in Chile. The Project encompasses twenty-two contiguous exploration and exploitation licenses (Figure 8) totalling 46.6km2 . There are multiple mineralised targets over an extensive strike length with intensive copper mineralisation from surface. Copper is essential for various sectors, including electric vehicles, renewable energy, and infrastructure, all of which are seeing significant growth. The CCP is in the Huasco Province, Atacama Region in Chile, which is currently the world's largest copper producing nation (https://www.nasdaq.com/articles/top-10-copper-producers-country). Only 16km to the northeast of the CCP is the Nueva Unión joint venture between Teck and Newmont. Nueva Unión is currently developing the multi-billion-dollar Relincho and Fortuna deposits (Figure 7) with proven and probable mineral reserves classified in accordance with NI 43-101 totalling approximately 16.6 billion pounds of copper, 8.9 million ounces of gold, and 464 million pounds of molybdenum (See Annexure A and https://www.teck.com/news/news- releases/2015/goldcorp-and-teck-combine-el-morro-and-relincho-projects-in-chile). Figure 7: Carmen Cu Project Location in Huasco Province of Atacama Region in northern Chile (See Annexure A for resource references) Whilst the CCP currently presents as a copper oxide project with highly soluble copper oxide mineralisation from surface; it also hosts significant sulphide potential as demonstrated in historical drill intercepts that warrant 11 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au further investigation and follow-up drilling programs. Norfolk is aiming to establish the Carmen Copper Project as a low-cost, high-margin, value-accretive copper heap leaching operation producing copper cathode at the mine gate. The Carmen-Tabaco Belt (Figure 9) is approximately 8.5km long and most Cu-Ag±Au mineralisation is spatially related to NE/SW, N/S and NW trending structures and fractured meta-sedimentary host rocks at surface, and in the old workings. Cu Oxide mineralisation is mainly hosted in calc-silicate altered and locally skarnified meta- sediments and found as fracture coatings. Cu Sulphide mineralisation has been intercepted in both meta- sediments and locally andesite host rocks in the Hanging wall of the CT Thrust, as well as in dacite porphyritic bodies found deeper in the vertical section spatially associated with the CT Thrust plane. Cu-Sulphide mineralisation is found as disseminated and clotty, and locally veinlet style mineralisation and includes copper + silver ± gold mineralisation. Figure 8: Carmen Cu Project Concession Package consisting of 46.6km² A younger epithermal style of quartz-sericite alteration and copper-gold locally overprints the Meta-sediments, hornfels and hematised andesite in the vicinity of the Tabaco, Carmen and Dolores Sectors. In these areas, high- grade poly-metallic veins & shears occur in the historic workings, which are generally 1-3m wide. 12 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au The Higueritas Belt (Figure 9) is approximately 7.5km long, from 0.5 to 1km wide and sub parallels the Carmen- Tabaco Belt. Sporadic old workings are known from this area, but no drilling is available, with data limited to geophysics, and some rock samples. Locally, around Carmen area, copper is mainly hosted within a banded calc-silicate hornfels + skarn unit containing three prominent chalcopyrite-magnetite-pyrite bands, and in epidote and calc-silicate altered sedimentary and volcanic units. The lowermost calc-silicate band hosts most copper occurrences including the COZ. Silicified volcanics and quartz-feldspar porphyritic rhyolite units also host significant copper locally (Figure 10). In January 2007, SRK delivered a resource estimate in accordance with Canadian National Instrument 43-101 for the COZ located within Carmen Main with a combined Mineral Resource Estimate (MRE) (Oxide and Secondary Enrichment; Indicated + Inferred) of 5.6Mt at 0.6% Cu, as shown in Table 3. Table 3: Carmen NI 43-101 MRE Cautionary Statement - Carmen NI 43-101 MRE In accordance with ASX Listing Rule 5.12.9, the Company provides the following cautionary statement regarding the Carmen NI 43-101 MRE shown in Table 3: • The Carmen NI 43-101 MRE is a foreign estimate and is not reported in accordance with the JORC Code; • A competent person has not done sufficient work to classify the foreign estimate as a mineral resources in accordance with the JORC Code; and • It is uncertain that following evaluation and/or further exploration work that the foreign estimate will be able to be reported as mineral resources in accordance with the JORC Code. Within the Carmen Tabaco Belt, the Carmen NI 43-101 MRE has been defined over 600m of strike, to a depth of 30m in the COZ. The Carmen NI 43-101 MRE excludes historic higher-grade drilling and covers no more than 20% of the COZ. The COZ presents as potentially continuous between drill holes and sections along structural and lithology-controlled zones, which are mainly sub-parallel to the Tabaco Thrust. Tonnage (kilotonnes) Copper grade (%) Contained Metal Tonnage (kilotonnes) Copper grade (%) Contained Metal Tonnage (kilotonnes) Copper grade (%) Contained Metal Measured - - - - - - Indicated 1,827.80 0.59 1078.40 1,742.60 0.7 1219.82 3,570.40 0.64 2298.22 Total Measured and Indicated 1,827.80 0.59 1078.40 1,742.60 0.7 1219.82 3,570.40 0.64 2,298.22 Inferred 836.1 0.59 493.30 1,191.90 0.49 584.03 2,028.00 0.53 1077.33 Total Resources 2,663.90 0.59 1,571.70 2,934.50 0.61 1803.85 5,598.40 0.60 3,375.55 Resource Classification Note: reported at a cut-off grade of 0.2% Cu, not capped Oxide Zone Secondary Enrichment Total Resource (Oxide+Secondary) 13 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au Figure 9: Carmen Cu Project Regional Geology Figure 10: Carmen Cu Project Local Geology END This announcement has been authorised for release by the Directors of Norfolk Metals Ltd 14 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au About Norfolk Metals The Carmen Copper Project (CCP) is located in the Huasco Province, Atacama Region in Chile. The Project encompasses twenty-two contiguous exploration and exploitation licenses totalling 46.6km2 . There are multiple mineralised targets over an extensive strike length with intensive copper mineralisation from surface. Only 16km to the northeast of the CCP is the Nueva Unión joint venture between Teck and Newmont. Nueva Unión is currently developing the multi-billion-dollar Relincho and Fortuna (previously called El Morro) deposits. Whilst the CCP currently presents as a copper oxide project with highly soluble copper oxide mineralisation from surface; it also hosts significant sulphide potential as demonstrated in historical drill intercepts that warrant further investigation and follow-up drilling programs. Norfolk is aiming to establish the Carmen Copper Project as a low-cost, high- margin, value-accretive copper heap leaching operation producing copper cathode at the mine gate. The Orroroo Uranium Project comprises three granted exploration licenses, EL6552, EL6814 and EL6948, which together cover 723km2 , 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 Adelaidean basement. The Roger River Project comprises the granted exploration license EL20/2020, which covers 26km2 , 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 Competent Person Statement The information in this announcement that relates to exploration results, is based on, and fairly represents, information and supporting documentation prepared by Mr Leo Pilapil, a competent person who is a member of the Australasian Institute of Mining and Metallurgy. Mr Pilapil has a minimum of five years’ experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2012 Edition of the Joint Ore Reserves Committee Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Pilapil is a related party of the Company, being the Technical Director, and holds securities in the Company. Mr Pilapil has consented to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. The information in this announcement that relates to previously reported exploration results is extracted from the Company’s ASX announcements dated 31 March 2025, 12 May 2025, 30 October 2025 and 11 December 2025 (Original Announcements). The Company confirms that it is not aware of any new information or data that materially affects the information contained in the Original Announcements. Forward Looking Statements This announcement includes “forward looking statements” within the meaning of securities laws of applicable jurisdictions. Forward looking statements can be identified by the use of forward looking terminology, including, without limitation, the terms “believes”, “estimates”, “anticipates”, “expects”, “predicts”, “intends”, “plans”, “goals”,“targets”,“aims”,“outlook”,“guidance”,“forecasts”,“may”,“will”,“would”,“could”or“should”or, in each case, their negative or other variations or comparable terminology. These forward looking statements include all matters that are not historical facts. By their nature, forward looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond the Company’s ability to control or predict which may cause the actual results or performance of the Company to be materially different from the results or performance expressed or implied by such forward-looking statements. Forward looking statements are based on assumptions and are not guarantees or predictions of future performance. No representation is made that any of these statements or projections will come to pass or that any forecast result will be achieved, nor as to their accuracy, completeness 15 ASX ANNOUNCEMENT Unit 10, 85-87 Forrest Street Cottesloe WA 6011 ABN: 38 652 438 385 Phone: +61 8 6255 8625 norfolkmetals.com.au or correctness. Similarly, no representation is given that the assumptions upon which forward looking statements may be based are reasonable. Forward looking statements speak only as at the date of this release and the Company and its affiliates, related bodies corporate (as that term is defined in the Corporations Act) and its directors, employees, officers, representatives, agents, partners, consultants and advisers disclaim