Norfolk Metals

Carmen Copper Project

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Montserrat

The Carmen Copper Project (Project) 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 across two distinct belts. 

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. 

Whilst the Project 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. 

In 2007 SRK Consutling released a foreign mineral resource estimate of 5.6Mt at 0.6% Cu, which was reported in accordance with Canadian National Instrument 43-101 (Carmen NI 43-101 MRE)

The Maiden Drill Campaign to be conducted in Q3 2025 comprises up to 50 holes (from 40 drill sites) based on 3,500m of RC and/or Diamond drilling at Carmen Main, and 1,600m of Diamond drilling on regional IP targets.

The high priority objective of the Maiden Drill Campaign is to delineate potential extensions of the known copper mineralisation for additional ore tonnage of near surface leachable copper in oxide and/or supergene enriched zones at Carmen Main (

). The program includes a mixture of scout, step out and verification drilling.

An established facility has been contracted as the Carmen Copper Operations Camp located in the town of Alto de Carmen (

with full accommodations for the Exploration Team and Drilling Contractors as well as the logging and processing Core Shack. 

The town Alto del Carmen is a small, town-oriented community located approximately 1 hour from the Carmen Copper Project and 1 hour from Vallenar (mining town with all services) via a sealed road. 

Alto del Carmen offers all basic services and the company has organised to contract an establish camp with full-service accommodation for employees and sub-contractors. Supermarkets, restaurants, local public services, hardware stores, medical post and police services are available locally.

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. 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.

Project Overview