Nordic Resources Secures 961,800oz AuEq in Finland Gold Acquisition
Nordic Resources has completed its acquisition of three gold projects in Finland’s Middle Ostrobothnia Gold Belt, significantly boosting its resource base with nearly one million ounces of gold equivalent. The company plans to start drilling by July 2025, aiming to unlock further value from these advanced assets.
- Acquisition of Kopsa, Kiimala Trend, and Hirsikangas gold projects finalized
- Total gold equivalent resource of 961,800 ounces across projects
- 70 million shares issued to vendor Northgold AB plus A$325,000 cash payment
- Drilling scheduled to commence at Kopsa by end of July 2025
- Nearby processing infrastructure offers operational flexibility
Strategic Expansion in Finland’s Gold Belt
Nordic Resources Ltd (ASX, NNL) has officially closed its acquisition of three promising gold projects in Finland’s Middle Ostrobothnia Gold Belt, a region known for its underexplored but highly prospective mineral endowment. The deal, announced on 5 June 2025, involved issuing 70 million ordinary shares to Swedish vendor Northgold AB, alongside a cash payment of approximately A$325,000.
This acquisition marks a significant step for Nordic, adding nearly one million ounces of gold equivalent resources to its portfolio. The three projects, Kopsa, Kiimala Trend, and Hirsikangas, offer a blend of near-surface gold and copper mineralisation, with Kopsa alone accounting for 814,800 ounces AuEq in a JORC-compliant resource.
Robust Resource Base with Near-Term Drilling Plans
The flagship Kopsa project boasts a substantial 23.2 million tonnes at 1.09 grams per tonne gold equivalent, including a high-grade core with 69% of resources classified as Measured and Indicated. Historical drilling results reveal impressive intersections, such as nearly 99 meters grading 3.9 grams per tonne gold and 0.19% copper from shallow depths.
Meanwhile, the Kiimala Trend project contributes an additional 147,000 ounces of gold in Indicated Resources, centered around the Angesneva prospect. The company plans to initiate drilling at Kopsa by the end of July 2025, with follow-up programs targeting Kiimala’s multiple prospects, including the advanced Vesipera site.
Infrastructure and Regional Context Bolster Prospects
Nordic’s new assets benefit from proximity to existing processing plants, including the 1.4 million tonnes per annum Pyhasalmi copper-zinc facility operated by First Quantum Minerals, located just 45 kilometers from Kopsa. Additionally, the Laiva gold processing plant, though currently on care and maintenance, offers further downstream options within 120 kilometers.
The Middle Ostrobothnia Gold Belt itself is a geological extension of the well-known Gold Line in Sweden, yet remains relatively underexplored on the Finnish side. Nordic’s acquisition positions it to capitalize on this untapped potential, complementing its ongoing nickel-copper exploration efforts in Finnish Lapland.
Integration and Next Steps
With management and technical teams now on site in Ostrobothnia, Nordic is focused on integrating the new projects, engaging local stakeholders, and advancing exploration plans. Validation work continues on the Hirsikangas project’s historical resource, aiming to bring it up to modern reporting standards.
The company’s approach balances near-term drilling with strategic positioning in a region supported by infrastructure and geological promise, setting the stage for potential resource growth and value creation.
Bottom Line?
Nordic Resources’ Finnish gold acquisition lays a solid foundation for growth, but upcoming drilling results will be critical to unlocking its full potential.
Questions in the middle?
- How will drilling results at Kopsa and Kiimala influence resource upgrades and project economics?
- What is the timeline and likelihood of validating the Hirsikangas resource to JORC standards?
- How will Nordic manage integration costs and shareholder dilution following the share issuance?
