Source: iStock Key Points
Norfolk Metals has been granted a permit for a maiden drill program at its Orroroo uranium project
The company has raised $1 million to fund a revised, accelerated and aggressive drill program
The drill program will target areas of known uranium occurrences, with results due in December A cashed up Norfolk Metals ( ASX: NFL ) has been granted its final permit for a maiden drill program at its Orroroo uranium project in South Australia. The green light comes as spot prices for the commodity crossed 15-year highs earlier this week.The permits have been a year in the making and enable Norfolk to commence drilling on Exploration Licence 6552 – An area that hosts high priority targets with known uranium mineralisation based on prior exploration.To fund the accelerated and aggressive drill program, Norfolk raised $1 million at 20 cents per share. Norfolk says the […]
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