Australia's Norfolk Metals surges on acquiring project in Chile

Norfolk Metals

31/03/2025 03:09

** Norfolk Metals NFL.AX soars 32% to A$0.165, highest since April 19, 2024

** Stock set for biggest intraday pct gain since November 24, 2023

** Minerals explorer enters into a binding earn-in agreement for the Carmen Copper Project in Chile's Atacama Region

** Says it can earn 100% ownership of Transcendentia Mining by spending A$3 mln ($1.9 mln) on exploration over three years

** About 1.9 mln shares traded in stock's busiest session since December 21, 2023

** NFL gains 73.5% YTD

($1 = A$1.5901)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))