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Uranium prices hit 15-year high and this company is set to drill for it

A cashed up Norfolk Metals is set for a maiden drill program at its Orroroo Uranium Project in SA.

Kerry Sun
Lead Writer
23 November 2023
∙This article is more than 12 months old and may be outdated
∙1 min read

Mentioned

Uranium
NFL
$11.1M

HIGHLIGHTS

  • Norfolk Metals is set to start a maiden drilling program at its Orroroo Uranium Project in South Australia
  • Uranium prices have surged above US$80/lb for the first time in 15 years
  • The Orroroo Uranium Project is located in the Walloway Basin and contains similar aged sediments as those from the Frome Embayment, which hosts major uranium deposits such as Honeymoon and Four Mile
  • The drill program will target areas with known uranium occurrences based on prior exploration
  • Norfolk tested historical coal drill holes back in February and all three holes returned uranium mineralisation, with a peak reading of 650 parts per million

ABOUT THE AUTHOR

Kerry Sun
Lead Writer

Kerry holds a Bachelor of Commerce from Monash University. He is passionate about equity research and trading (swing and intraday), with a focus on breaking down market-related catalysts into clear, contextual insights and developing data-driven market biases.

Printed

05/06/2026