Nordic Resources Unveils New High-Grade Gold Zone at Kopsa

Discovery Beyond Boundaries

Nordic Resources Ltd (ASX – NNL) has announced a significant breakthrough at its Kopsa gold-copper project in Finland’s Middle Ostrobothnia Gold Belt. Recent drilling has uncovered a previously unknown zone of higher-grade mineralisation well beyond the current resource boundary, marking a promising expansion of the deposit.

The standout result comes from drill hole NRKOP25012B, which intersected 17 metres grading 2.71 grams per tonne gold and 0.12% copper, equivalent to 2.84 grams per tonne gold equivalent (AuEq). This interval lies within a broader 63-metre zone of mineralisation and is notably similar in style to the higher-grade Central Zone at Kopsa, but uniquely located at the northern tonalite footwall contact; a target area not previously associated with such widths of stockwork-style mineralisation.

Implications for Resource Growth

These new intersections, including additional significant intervals from holes NRKOP25014 and NRKOP25016, demonstrate that Kopsa’s mineralisation extends further north than earlier understood. The discovery of this higher-grade zone outside the established resource footprint suggests that the next resource update could see meaningful growth, potentially enhancing the project’s economic profile.

Importantly, the northern footwall contact target was identified through borehole electromagnetic (EM) surveys, which detected conductor plates indicating mineralisation continuity at depth. Nordic Resources plans to leverage this geophysical tool for future drill targeting, potentially accelerating the delineation of additional mineralised zones.

Strategic Position and Next Steps

The Kopsa deposit currently hosts a JORC-compliant resource of 23.2 million tonnes at 1.09g/t AuEq, containing approximately 815,000 ounces of gold equivalent. This sits within a broader portfolio across the Middle Ostrobothnia Gold Belt totaling 34.3 million tonnes at 1.11g/t AuEq for 1.23 million ounces AuEq. The recent drilling results add a new dimension to this inventory, particularly given the style and scale of the newly discovered mineralisation.

Nordic Resources remains well-capitalised with over A$12 million in cash, positioning it to continue its exploration momentum. The company has scheduled further drilling at its Finnish gold projects for March-April 2026, aiming to build on these encouraging results and refine the resource model with updated metallurgical data and gold equivalent calculations.

Challenges and Considerations

While the discovery is promising, some uncertainties remain. The true thickness of mineralisation is estimated rather than precisely known, and the current resource uses a different gold equivalent formula than that applied to the new drill results. Additionally, mining permits for Kopsa are under appeal, which could influence development timelines. Assay results from other recent drill holes are pending, so the full impact of the 2025 drilling campaign is yet to be realised.

Nonetheless, Nordic Resources’ strategic use of borehole EM surveys and the identification of a new higher-grade zone at Kopsa’s northern boundary mark a significant step forward in unlocking the project’s potential.