Nordic Resources Launches Kopsa Drilling, Secures A$10M+ Capital Boost

Exploration Momentum at Kopsa

Nordic Resources Ltd (ASX – NNL) has kicked off a significant 5,000-metre diamond drilling campaign at its flagship Kopsa gold-copper project in Finland. This program aims to test shallow extensions, deeper geophysical targets, and new strike targets identified by a recent magnetic survey. The survey uncovered untested magnetic anomalies with signatures similar to the main Kopsa intrusion, suggesting promising exploration upside along a 2.5-kilometre corridor yet to be meaningfully drilled.

Strengthening Local Expertise

To support its Finnish operations, Nordic has appointed two seasoned professionals – Simo Piippo as Exploration Manager and Henrik Grind as Country Manager. Piippo brings over a decade of experience in Finnish mineral deposits and has previously led exploration campaigns that significantly expanded Kopsa’s resource base. Grind’s extensive background in managing large-scale mining operations in Finland and Sweden, including Boliden’s Kevitsa mine, equips Nordic with invaluable operational insight, particularly for open-pit mining and processing strategies.

Robust Resource Base and Capital Injection

The company’s combined gold equivalent resource inventory across its three Middle Ostrobothnia Gold Belt projects now totals 34.3 million tonnes at 1.11 grams per tonne AuEq, equating to 1.23 million ounces of gold equivalent. Notably, 66% of these ounces are classified in the Measured and Indicated categories, enhancing confidence in the resource quality. Kopsa remains the largest deposit with 814,800 ounces AuEq, predominantly within 150 metres of surface, making it amenable to open-pit mining.

Supporting these exploration and development efforts, Nordic successfully raised over A$10 million through two institutional placements in October, attracting cornerstone investment from the Paragon Fund and other Australian resource-focused funds. This capital injection strengthens the company’s balance sheet, with a cash position of A$3.86 million at quarter-end, excluding the recent placements.

Pulju Nickel-Copper Project and Regional Strategy

Beyond gold, Nordic continues to advance its Pulju nickel-copper-cobalt project in Finnish Lapland, holding one of Europe’s largest undeveloped nickel-cobalt resources. Discussions with potential partners remain ongoing, highlighting the strategic importance of this asset within the Central Lapland Greenstone Belt. The proximity of two nearby processing plants in the region offers potential near-term production optionality for Nordic’s projects, underpinning a cohesive regional development strategy.

Outlook and Next Steps

Assay results from the ongoing Kopsa drilling program are expected to start arriving within weeks and continue through to March 2026. These results will be critical in validating the new magnetic targets and potentially expanding the resource base. Meanwhile, the strengthened management team and fresh capital position Nordic Resources well to accelerate exploration and development across its Finnish portfolio.