Nordic Resources Boosts Finland Gold Portfolio with 1.23Moz AuEq Acquisition

Strategic Expansion in Finland’s Middle Ostrobothnia Gold Belt

Nordic Resources Ltd (ASX – NNL) has significantly expanded its footprint in Finland’s gold sector by completing the acquisition of three advanced gold projects, Kopsa, Kiimala Trend, and Hirsikangas, located in the Middle Ostrobothnia Gold Belt (MOGB). This transaction adds a combined resource inventory of 34.3 million tonnes grading 1.11 grams per tonne gold equivalent (AuEq), translating to 1.23 million ounces AuEq, including over one million ounces of contained gold and 38,000 tonnes of copper.

The MOGB is a geologically promising but relatively underexplored region, offering Nordic Resources a strong platform for near-surface, potentially open-pit mining operations. Kopsa stands out as the largest project with 814,800 ounces AuEq, 90% of which lies within 150 meters of the surface, presenting attractive early-stage development potential.

Capital Raising and Leadership Strengthen Growth Prospects

Supporting this growth, Nordic successfully completed a A$3.5 million institutional placement in May 2025, oversubscribed and led by specialist investor Powerhouse Ventures. This capital injection is expected to underpin upcoming exploration and development activities, including the maiden drill program at Kopsa scheduled to commence at the end of July.

In a move to bolster its technical and strategic leadership, the company appointed Malcolm Norris as Non-executive Chairman. Mr. Norris brings extensive experience in gold-copper exploration and development, having contributed to several world-class discoveries globally and spent significant time working in the Nordic region. His expertise is anticipated to guide Nordic through its transition from exploration to development phases.

Ongoing Exploration and Regional Synergies

Beyond the gold acquisitions, Nordic continues to advance its Pulju nickel-copper project in Finnish Lapland, with ongoing discussions for potential partnerships. Pulju hosts one of Europe’s largest undeveloped nickel-cobalt resources, complementing the company’s diversified metals portfolio.

Notably, the proximity of two existing processing plants within the MOGB region, Pyhasalmi and Laiva, offers potential near-term production pathways, either through toll treatment or standalone facilities. This infrastructure advantage could accelerate project timelines and reduce capital intensity.

Financial Position and Outlook

Nordic reported a cash position of A$1.82 million at the end of June 2025, excluding the proceeds from the recent capital raise. Exploration expenditure during the quarter was A$1.169 million, reflecting active investment in advancing the newly acquired assets. Administrative and corporate costs were maintained at a modest level, supporting operational efficiency.

With a strengthened resource base, fresh capital, and seasoned leadership, Nordic Resources is well positioned to unlock value from its Finnish portfolio. The upcoming drill results from Kopsa and progress on Pulju partnerships will be key catalysts to watch in the coming months.