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Norfolk Metals Ltd. ( (AU:NFL) ) has issued an update.
Norfolk Metals Ltd. has announced significant progress in its Carmen Copper Project in Chile, with preparations underway for a Maiden Drill Campaign expected to commence in Q3 2025. The campaign will include up to 5,100 meters of drilling to validate and extend existing mineralization estimates and test new targets. The project aims to establish a JORC-compliant copper oxide resource to support a cost-effective heap leaching operation, potentially enhancing the company’s market position and offering promising returns for stakeholders.
More about Norfolk Metals Ltd.
Norfolk Metals Ltd. operates in the mining industry, focusing on copper exploration and development. The company is engaged in the Carmen Copper Project located in Chile, which is part of a region known for its rich deposits of copper, gold, and silver. The project is situated within the San Felix Fault and Fold System, which hosts various mineral deposits, and aims to develop a copper oxide resource suitable for heap leaching operations.
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Technical Sentiment Signal: Buy
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