Norfolk Metals Ltd.ASX: NFL

Quarterly Activities/Appendix 5B Cash Flow Report

· Issued by Norfolk Metals Ltd.

Filed with ASX · · 21 pages · English

-Maiden Drill Campaign Phase #1 RC completed at the Carmen Copper Project with all assays received (See release 11th December 2025 and 14th January 2026) HIGHER GRADE DRILLING INTERCEPTS: o CCRC-25-030 - 53m (30.9m TW) @ 1.1% Cu from 62m; incl. 4m @ 1.3% Cu from 64m, and 13m @ 1.9% Cu from 85m; and 13m @ 1.6% Cu from 100m o CCRC-25-033 - 32m (19.9m TW) @ 1.3% Cu from 97m; incl. 9m @ 2.2% Cu from 9

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