Nordic Resources (ASX:NNL) reshapes its growth strategy with transformational Finnish gold acquisition

Nordic Resources has taken a decisive step in its evolution as a diversified mineral explorer by acquiring three advanced gold projects in Finland.

The acquisition of the Kopsa, Kiimala and Hirsikangas projects adds nearly one million ounces of JORC 2012 gold equivalent resources to the company’s portfolio and positions it with a dominant landholding in the Middle Ostrobothnia Gold Belt, one of Europe’s most prospective and underexplored regions.

Executive Director Robert Wrixon said the acquisition reflects the company’s long term vision to build a high quality, multi-commodity portfolio in a stable jurisdiction.

“This acquisition supports Nordic’s long term strategy of building a resource-dense, diversified portfolio within Europe’s most stable operating jurisdiction.”

The newly acquired assets transform Nordic into a multi-asset explorer with scale, diversity and development optionality.

The Kopsa deposit alone contributes over 814,000 ounces of gold equivalent, with 74 per cent of the total resources classified as Measured and Indicated.

This provides a solid foundation for near term growth and development, while Kiimala and Hirsikangas offer further upside through exploration and resource definition.

Wrixon said the strategic intent behind the acquisition was clear: to target high potential projects where modern exploration could unlock value.

The Middle Ostrobothnia Gold Belt, structurally analogous to Sweden’s Gold Line, has seen limited modern exploration and presents an opportunity for significant discovery.

In addition to boosting Nordic’s gold inventory, the acquisition complements the company’s existing Pulju nickel-copper project in Lapland, adding optionality across key commodities and geographies.

Drilling at the flagship Kopsa deposit is scheduled to begin by the end of July 2025.

Nordic Resources technical and management teams are already on the ground in Finland undertaking site integration, planning, and stakeholder engagement.

The upcoming program will focus on expanding the known resource, which begins at surface and includes standout historical intercepts such as 98.7 metres at 3.90 grams per tonne gold and 0.19 per cent copper from just six metres depth.

Wrixon said early mobilisation would ensure momentum is maintained and value delivered efficiently.

Drilling is also planned across the Kiimala Trend, targeting the Vesipera and Paaneva prospects, with possible extensions tested at the Angesneva deposit.

These areas host varying levels of historical drilling, with Vesipera featuring a notable intercept of 10.4 metres at 4.93 grams per tonne gold.

Nordic is expediting permitting and field logistics to ensure continuous exploration through the second half of 2025.

The Hirsikangas project, while at an earlier stage, also holds promise.

It includes a historical near surface gold resource defined in 2018, which is now being validated and remodelled to JORC 2012 standards.

“Given the region’s underexplored nature and favourable geology, Hirsikangas could become a meaningful third leg to our Finnish gold portfolio.”

Beyond its geological potential, Hirsikangas is strategically located near regional infrastructure, including road and rail links, which could support future development.

Nordic will assess the project’s potential for standalone development or partnership once the resource work is complete and continuity confirmed.

A major benefit of Nordic’s Finnish footprint is proximity to existing processing infrastructure.

The Pyhasalmi copper-zinc-pyrite plant, owned by First Quantum Minerals, is situated just 45 kilometres from Kopsa and has a capacity of 1.4 million tonnes per annum.

The Laiva gold plant, though currently on care and maintenance, lies about 120 kilometres away and was constructed in 2012 with a 2.2 million tonne per annum capacity.

“The proximity of this infrastructure provides potential for toll treatment or future strategic partnerships to accelerate project development.”

The company is actively reviewing development pathways, including potential ore integration with these existing plants or the construction of a standalone facility at Kopsa that could service the wider project area.

Road and rail links across the region offer flexible logistics options that may reduce capital expenditure and shorten timelines to production.

With the Finnish acquisition, Nordic has added 961,800 ounces of gold equivalent resources to its portfolio, all compliant with the JORC 2012 Code.

This marks a significant milestone in the company’s growth trajectory and demonstrates its ability to execute on a resource led strategy.

“This is a step change for Nordic. Prior to this acquisition, our resource base was centred on the Pulju nickel-copper project in Lapland. Now, with the inclusion of advanced gold assets in central Finland, we have the scale, diversity and development optionality that investors typically associate with more mature explorers.”

The addition of high confidence resources strengthens Nordic’s investment proposition and sets the stage for near-term value generation.

For shareholders, the strategic realignment signals the company’s intent to build a development ready platform with exposure to gold and base metals, supported by infrastructure and strong regional geology.

Wrixon concluded by highlighting how the acquisition enhances Nordic’s broader vision.

“These new assets elevate our platform for both discovery and development and align with our vision to be a leading Nordic mineral exploration company with global relevance.”

With drilling set to commence, infrastructure options under review, and multiple assets advancing in parallel, Nordic is well placed for a busy and potentially transformative second half of 2025.