Nordic Resources (ASX: NNL) drilling at Angesneva indicates northern gold extension and confirms copper-silver mineralisation
June 10, 2026Robert Wrixon, Executive Director of Nordic Resources Ltd, spoke to MarketOpen to further discuss drilling results from the Angesneva deposit within the company’s Kiimala Trend project in Finland, where two diamond drill holes totalling 459 metres have been reported.
The program represents the first drilling at Angesneva since 2010 and was designed to test copper and silver grades within the existing gold resource and potential extensions beyond the current northern boundary.
An infill hole returned a broad intercept of 84.0 metres at 1.07 grams per tonne gold, 0.11 per cent copper and 3 grams per tonne silver from 51.8 metres, broadly consistent with historical drilling and supporting continuity within the central portion of the deposit.
A second hole, drilled 10 to 25 metres north of the existing resource boundary, returned 69.55 metres at 1.34 grams per tonne gold, 0.18 per cent copper and 4 grams per tonne silver from 201.8 metres, confirming mineralisation extends beyond the current block model and remains open to the north.
The company also highlighted that copper and silver occur consistently with gold but were not previously incorporated into the resource model, with further work planned to re assay historical core and support a resource update later in 2026.
What has materially changed in the understanding of Angesneva from these results in terms of continuity, strike extension and the role of copper and silver not previously included in the resource?
The latest drilling confirms continuity of mineralisation within the central portion of the Angesneva deposit and provides new data supporting an extension to the north of the current resource boundary. The infill hole returned a broad interval consistent with historical drilling, supporting the interpretation that mineralisation remains continuous within the existing model area.
The step out hole, drilled 10 to 25 metres north of the resource boundary, returned a significant interval of gold-copper-silver mineralisation outside the current block model. This result demonstrates that mineralisation extends beyond the previously defined northern limit of the resource and remains open in that direction.
Importantly, both holes confirm that copper and silver are consistently associated with gold mineralisation. These metals were not incorporated into earlier resource estimates, and the current drilling provides additional data to support their inclusion in future updates. The company is now focused on building a more complete dataset through re assaying and integration of historical core before updating the resource later in 2026.
Does the northern step out meaningfully de risk strike continuity, or is further drilling required to confirm scale beyond a localised extension?
The northern step out confirms that mineralisation extends beyond the current resource boundary and provides evidence of continuity in that direction. The intercept lies outside the existing block model and demonstrates that gold-copper-silver mineralisation continues north of the previously defined limit.
However, the drilling represents a single step out position rather than a systematic definition of strike extent. As a result, while it confirms continuity at that point, it does not yet define the full scale or consistency of mineralisation along strike.
Further drilling is therefore required to determine whether the result reflects a localised extension or part of a broader continuous mineralised corridor. This includes additional step outs along strike and supporting drilling to test continuity between existing and newly identified mineralisation zones. The company has indicated that while the system remains open to the north, further work is planned to better define its extent.
How should investors think about sequencing re assaying, the Angesneva resource update and ongoing drilling, given competing capital allocation priorities across Kiimala and Kopsa?
The work program is being sequenced to progressively improve the geological and assay dataset before undertaking a resource update. The immediate priority is re assaying selected historical core to incorporate copper and silver more consistently into the dataset, as these were not included in earlier resource estimates. This step is intended to strengthen the underlying data quality and comparability between historical and recent drilling.
In parallel, the company is planning further targeted drilling at Angesneva to test strike and depth continuity rather than expanding drilling indiscriminately. The focus is on resolving specific geological uncertainty and improving confidence in the continuity of mineralisation.
A resource update for Angesneva is planned for later in 2026 once the re-assay results and new drilling are fully integrated into the database. The sequencing is designed to ensure the updated model reflects the full dataset rather than a partial view.
Across the broader portfolio, drilling activity has now moved to the Kopsa project, reflecting parallel work across both resource definition and step out targets within the Kiimala Trend system.
What additional drilling or validation is still required to convert these results into a higher confidence, materially expanded resource base given the last drilling was in 2010?
A resource update is planned for later in 2026 in order to incorporate copper and silver for the first time and will include the recently announced drilling.
The resource modelling exercise will itself provide better clarity on subsequent drill targeting at Angesneva, but there are some obvious places to drill at Angesneva that can be planned prior to the completion of the next resource update.
Data integration and staged drilling to define strike extent and resource update pathway.
Nordic Resources next phase of work focuses on integrating new drilling with re assayed historical core to establish a consistent dataset for Angesneva. This will underpin a planned resource update later in 2026. Ongoing drilling will continue to test strike and depth extensions to the north and within the broader system while the rig has now moved to the Kopsa project, reflecting a staged approach across the Kiimala Trend portfolio.
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