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The latest announcement is out from Norfolk Metals Ltd. ( (AU:NFL) ).
Norfolk Metals Ltd. has completed final preparations for the commencement of its maiden drilling campaign at the Carmen Copper Project in Chile. The company has engaged with key stakeholders, completed contractor inductions, and is set to begin drilling operations, which will include both Reverse Circulation and Diamond Drilling. This marks a significant step forward in Norfolk’s efforts to establish a low-cost, high-margin copper heap leaching operation, potentially enhancing its market position and offering value to shareholders.
More about Norfolk Metals Ltd.
Norfolk Metals Ltd. is involved in the exploration and development of mineral projects, focusing primarily on copper and uranium. The company operates the Carmen Copper Project in Chile, which is characterized by extensive copper mineralization and potential for both copper oxide and sulphide deposits. Additionally, Norfolk holds the Orroroo Uranium Project in South Australia and the Roger River Project in Tasmania, which are prospective for uranium and gold-copper, respectively.
Average Trading Volume: 105,609
Technical Sentiment Signal: Buy
Current Market Cap: A$8.46M
For detailed information about NFL stock, go to TipRanks’ Stock Analysis page.