Las Alteras Project Presentation – April 2024

Norfolk Metals Ltd (ASX:NFL) (Norfolk or the Company) is pleased to present its investor presentation.

ARGENTINA URANIUM

NUCLEAR INDUSTRY – CURRENT LANDSCAPE

• Argentina has 3 nuclear reactors operating along with small modular reactors (SMR) under construction plus negotiations for the possible construction of a fourth nuclear power plant are ongoing
  https://www-pub.iaea.org/MTCD/Publications/PDF/CNPP- 2021/countryprofiles/Argentina/Argentina.htm#:~:text=Argentina%20has%20three%20nuclear%20power,%2C%20and%20E mbalse%20(CNE)
  
• Argentina currently imports approximately 500,000 lbs of U3O8 annually
  https://blueskyuranium.com/assets/docs/Argentinas-Expanding-Nuclear-Energy-Industry-Needs-Domestic- Uranium-Supply.pdf
• No significant uranium production in the country
• With rising uranium prices, there is a likely exploitation of known resources previously defined at Cerro Solo, Laguna Salada, Sierra Pintada, and Ivana
• Integrated exploration at an Argentinian basin level has not been carried out and the known resources are plausibly only a fraction of country’s uranium potential
• Centre for Nuclear Energy in Agriculture Centro (CNEA) controls Argentina’s uranium market (since the 1950s) however this may change with the new administration and current uranium price environment

LAS ALTERAS PROJECT

• Via Greenshift Commodities Ltd (GCOM) subsidiary Buenavida Metales S.A; Norfolk has exclusivity to 22 claims totaling 60,396 hectares know as the Las Alteras Project
• Las Alteras project is a uranium project portfolio along Paleochannels and Calcrete environments favorable to giant uranium deposits
• Las Alteras land package represents a significant opportunity to be a major uranium explorer within the Cerro Solo District
• Fluvial and pyroclastic sediments constituting the Chubut Group settled down upon a Jurassic age basement
• These Jurassic volcanics (grouped as the Marifil Formation) covered much of eastern Chubut and Rio Negro and potentially supplied the material that makes up the Chubut Group sediments that host the mineralization
• Uranium hosted with pyrobitumen, indicating fluid mixing with methane. Potential for major uranium district with in-situ leach mining extraction considerations

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