Nordic Resources (ASX:NNL) builds Finnish gold momentum with strategic resource growth at Kiimala

Nordic Resources (ASX:NNL) is consolidating its position as a leading gold-focused junior in Finland with the recent addition of the 147,000-ounce gold resource at Angesneva, located within the broader Kiimala Trend project.

The resource not only adds to the company’s growing inventory, but also reinforces a district scale development strategy underpinned by strong infrastructure access, near surface mineralisation, and exploration upside across multiple prospects.

Executive Director Rob Wrixon says Angesneva is becoming increasingly integral to the company’s development vision.

“It not only adds 147,000oz of Indicated gold to our inventory, but also pushes our combined resource base to 961,800oz AuEq,” Wrixon explains. “This validation adds near-surface ounces that complement our flagship Kopsa project and help de-risk future development options.”

Located just 40 kilometres from Kopsa and within haulage distance of processing plants at Pyhasalmi and Laiva, Angesneva brings near term development flexibility into focus.

The addition also improves the quality of Nordic Resources overall resource base, with 74% now sitting in Measured and Indicated categories.

“The resource adds depth to our development pipeline,” Wrixon says, “and from a feasibility and investment standpoint, that’s a strong position to be in.”

Kiimala: Multi-prospect, near-surface potential

The broader Kiimala Trend comprises 12 identified gold prospects stretched along a 12 kilometre structural corridor.

Eight of these targets have already returned meaningful results from historical and recent drilling, confirming the area’s potential for shallow, economic ounces.

“The Angesneva deposit remains open at depth, and we’ve identified structures immediately parallel that warrant immediate testing,” Wrixon says.

Vesipera is the most advanced prospect after Angesneva, with historical intercepts such as 10.4 metres at 4.93 grams per tonne gold.

Nordic plans to convert this into a JORC compliant resource through further drilling focused on near-surface tonnes.

“The host structure appears to be consistently mineralised,” Wrixon notes, “so we would like to ascertain what is happening at depth also.”

Infrastructure-driven optionality

A key advantage to Nordic’s Finnish footprint is its proximity to existing processing facilities, with the Pyhasalmi base metals plant 45 kilometres from Kopsa and the Laiva gold plant around 120 kilometres away.

Both are accessible by road and rail, and the Kiimala Trend is roughly equidistant between the two.

This location enhances potential processing options, either through toll treatment or, longer term, a stand-alone development strategy.

“Our proximity to these plants potentially reduces future capital intensity for development significantly,” Wrixon says. “It enhances optionality in terms of processing pathways, particularly for resources like Angesneva and Vesipera that are close to surface and potentially amenable to open pit methods.”

What’s next?

The next step in Nordic’s expansion strategy hinges on shareholder approval for the acquisition of Northgold’s Finnish subsidiaries, expected at a meeting scheduled for 3 June.

Following approval, the company plans to begin drilling at Kopsa and continue testing extensions at Angesneva, while progressing Vesipera into compliance with JORC standards.

“We plan to commence drilling at Kopsa, which remains the primary focus,” Wrixon confirms. “We’ll also drill at Kiimala, focusing on parallel structures at Angesneva and in-filling the historical Vesipera work.”

In parallel, Nordic is reviewing the Hirsikangas project, another historical near-surface gold asset that could further boost the regional inventory if brought into compliance.

A leading junior in Finland’s gold belt

Nordic’s three Finnish projects Kopsa, Kiimala Trend and Hirsikangas are all located within the Middle Ostrobothnia Gold Belt, a region already home to large-scale activity from major Canadian-listed players like Agnico Eagle, Kinross Gold and Rupert Resources.

“We’re building a district-scale gold presence in a first-world mining jurisdiction,” says Wrixon. “The combination of high-confidence ounces, infrastructure and year-round drilling access positions us as one of the most advanced gold juniors in the country.”

With nearly 1 million ounces of gold equivalent now in its portfolio, and a majority of that in higher confidence categories, Nordic Resources has made a strong statement of intent in a region known for delivering world class gold assets.

The months ahead will see drilling ramp up across its core targets, further defining a resource base already well placed to transition toward feasibility.

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