Nordic Resources (ASX:NNL) re-starts Finland drilling ahead of resource updates

Nordic Resources has re-commenced drilling across its Finnish gold portfolio, mobilising a diamond rig to undertake a further 3,000m program at the Kopsa and Kiimala Trend projects.

The work precedes planned Mineral Resource Estimate updates and ongoing metallurgical studies, and signals a renewed focus on expanding and refining a 1.23Moz AuEq regional inventory in the Middle Ostrobothnia Gold Belt.

Highlights

• Diamond rig mobilising to commence a new 3,000m drill program at the Kopsa and Kiimala Trend gold projects.

• Further 1,500m planned at Kopsa prior to an updated MRE targeted for Q3 2026.

• Ongoing metallurgical testing at Kopsa expected to complete by Q2 2026.

• Maiden drilling at Kiimala to include in-fill and extension at Angesneva, which hosts 147,000oz @ 1.19g/t Au in Indicated Resources.

• Combined resource base of 34.3Mt @ 1.11g/t AuEq for 1.23Moz AuEq, with 66% in Measured and Indicated categories.

The immediate focus is Kopsa, where the company concluded a 5,971m drill campaign in December 2025, comprising 27 holes across strike and depth extensions.

Assays from 23 holes have been reported, with 4 pending, and management notes that the results demonstrated continuity of mineralisation beyond the current MRE boundary in most directions while identifying further step-out targets.

A further 1,500m is planned between March and May 2026 before incorporating the aggregate assay data into an updated MRE scheduled for Q3 2026.

Metallurgical work is running in parallel, with the test program at Kopsa expected to conclude by Q2 2026 and intended to provide updated information on gold and copper recoveries for the revised resource model.

This sequencing, drilling followed by metallurgical refinement and then resource update, frames a structured pathway toward greater technical definition of the 23.2Mt @ 1.09g/t AuEq Kopsa resource, which contains 814,800oz AuEq.

Beyond Kopsa, the 3,000m program allocates approximately 1,500m to the Kiimala Trend project.

Planned work includes in-fill and step-out drilling at the Angesneva deposit, which hosts a near-surface JORC 2012 compliant MRE of 147,000oz @ 1.19g/t Au in the Indicated category, alongside in-fill and extension drilling at the Vesipera prospect and scout drilling at at least one additional untested prospect.

The company had intended to drill Kiimala in 2025 but deferred activity to continue work at Kopsa.

Regionally, the projects are located within the Middle Ostrobothnia Gold Belt, which is structurally controlled by the Raahe-Ladoga Trend and represents a geological extension of the Gold Line and associated VMS trend in neighbouring Sweden.

Kopsa, Kiimala and Hirsikangas are located within 70km of each other and together comprise 34.3Mt @ 1.11g/t AuEq for 1.23Moz AuEq, including 1.04Moz of contained gold and 38kt of contained copper, with 66% of AuEq ounces in Measured and Indicated categories.

INordic Resources notes two processing plants in the region, the 1.4Mtpa Pyhasalmi copper-zinc-pyrite plant located 40km east of Kopsa and the Laiva gold plant 120km to the northwest, both potentially accessible by road or road and rail from the projects.

With drilling scheduled to conclude in May and resource updates targeted for Q3 2026, Nordic Resources is advancing the next phase of technical work across its Finnish portfolio.

The outcome of the combined drilling and metallurgical programs will underpin the forthcoming MRE revisions and further define the scale and quality of its Middle Ostrobothnia gold inventory within an established mineral province.

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