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

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