Norfolk Metals Ltd. provided the 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 is comprised of 2 exploration licenses (ELs) coving 261km 2 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. 22RRD-001: Initial assays received for the 1st hole showed minor Cu assays from the first laboratory test work with a further Cu screening study currently in progress to determine the amount of Cu in the sample present as coarse fractions.

In all sample intervals, the native copper observed in the whole/uncut drill core is not as pervasive in the basalt wall rock. Consequently, the visually concentrated copper in each sample interval is from the narrow veinlets resulting in 0.05% to 0.18% Cu assays. However, to get a better understanding of the possible variability that the coarse native Cu may cause in the assay results, selected pulverized samples have been re-homogenized and resent for Cu screening analysis using 50g (original sample 25g) aqua regia 4-acid digest.

This will provide larger sample size for duplicates with each sample being analyzed four times via aqua regia and four acids for Cu. The narrow veins in 22RRD-001 that contain native copper are commonly sub-parallel to the core axis (the hole path), therefore, it may be possible that a hole drilled perpendicular to 22RRD-001 may intersect more vein sets with more significant grades. The anomalous copper-in-soils values to the south of 22RRD-001 (on an orientation line) requires follow-up additional soil sampling.

As a result, a low-cost soil sampling program has been submitted to MRT to assist in defining the surface expression of the native copper in 22RRD-001. Induced Polarization (IP) is also being considered as a geophysics tool to define the broad halo of the coarse native copper which may represent and possibly be used as a vector to locate a porphyry copper system. This is the case in the Goonumbla district, New South Wales, whereby finely disseminated native copper has been observed as a distal halo, approximately 500m outboard of each porphyry copper deposit.

Bed-rock geochemical sampling for copper and gold supported by ground magnetic and induced polarization surveys have proven to be the most effective exploration methods for detecting the soil- covered mineralization in this district. 22RRD-002: The hole has been completed and logged with no significant mineralisation observed. Hence, no sample intervals have been submitted for analysis.

22RRD-003: Hole is in progress. It is currently around 270m with the drill target expected around 320m.