Norfolk Metals Ltd. (AU:NFL) has released an update.
Norfolk Metals Limited reports a strong financial position with $3.1M in cash at the end of June 2024, following a productive second quarter which included the completion of a placement raising A$415,746, engagement in project planning for the Orroroo Uranium Project, and the termination of a deal for Los Altares uranium project due to due-diligence issues. The Orroroo Uranium Project shows promise as a potential new uranium district in South Australia, with the company focusing on district-scale opportunities and future drill planning. Despite withdrawing from the Los Altares project, the company maintains a positive outlook on its asset portfolio and investment opportunities.
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