Nordic Resources Ltd: Advancing Nickel Exploration in Finland

Key Highlights

• New Licenses Granted: Three additional exploration licenses at the Pulju Project, covering a total area of 46 km².
• Strategic Focus: Expansion of nickel-copper-cobalt exploration in the Central Lapland Greenstone Belt (CLGB), Finland.
• Significant Resource Potential: Updated Mineral Resource Estimate at the Hotinvaara deposit includes 862,800 tonnes of contained nickel.
• European Market Advantage: Access to world-class infrastructure and Europe’s only nickel smelters strengthens project viability.

Introduction to Nordic Resources Ltd

Nordic Resources Ltd (ASX: NNL), a nickel-focused exploration company, has taken significant strides in advancing its flagship Pulju Project in Finland. Strategically positioned in the Central Lapland Greenstone Belt (CLGB), the project is gaining momentum as a major source of critical metals for Europe. With three newly granted exploration licenses, Nordic Resources (ASX: NNL) is poised to strengthen its footprint in the region and unlock substantial resource potential.

Expanding the Pulju Project

The granting of three additional exploration licenses—Rööni-Holtti, Saalamaselkä, and Kaunismaa—has elevated the Pulju Project’s significance:

• Comprehensive Tenure: The project now spans 46 km², offering full exploration rights over 12 km of prospective strike within the Mertavaara Formation.
• High-Potential Targets: Rööni-Holtti, a newly acquired license, stands out with its proximity to existing resources and promising nickel-copper grades from historical drilling.
• Resource Expansion: These licenses connect key areas of the project, enhancing opportunities for resource growth and discovery.

Resource Highlights and Exploration Results

The Hotinvaara deposit remains the focal point of the Pulju Project, with an updated Mineral Resource Estimate reported in March 2024:

• Resource Composition: 418 million tonnes at 0.21% nickel, 0.01% cobalt, and 53 ppm copper.
• Contained Metals: 862,800 tonnes of nickel, 40,000 tonnes of cobalt, and 22,100 tonnes of copper.
• Metallurgical Results: Achieved 62% recovery in tests, producing an 18% nickel concentrate with payable cobalt.

Further exploration has confirmed widespread shallow mineralization and high-grade zones, suggesting potential for massive sulphide systems yet to be fully explored.

Infrastructure and Strategic Location

The Pulju Project is strategically located near vital infrastructure, including:

• Grid Power and Highways: Easy access to reliable utilities and transport networks.
• European Nickel Smelters: Proximity to Finland’s nickel smelters provides a competitive edge in processing and logistics.
• Mining-Friendly Jurisdiction: Finland's established mining regulations and support for critical metals enhance project feasibility.

Nordic Resources’ (ASX: NNL) focus on nickel, copper, and cobalt aligns with Europe’s transition to sustainable energy and electric vehicle production. With a growing emphasis on localized supply chains for critical metals, the Pulju Project holds immense potential to support the region’s industrial and environmental goals.

Outlook and Future Plans

Looking ahead, Nordic Resources (ASX: NNL) plans to:

• Conduct further geophysical surveys and structural analysis.
• Implement advanced targeting techniques for massive sulphide zones.
• Engage in investment discussions to accelerate resource development.

The company is committed to building on its exploration success and delivering long-term value to stakeholders.

Looking Ahead

Nordic Resources Ltd (ASX: NNL) is at the forefront of nickel exploration in Europe, with its Pulju Project offering a district-scale opportunity to develop critical metal resources. The company’s strategic acquisitions, robust resource base, and proximity to key infrastructure position it as a pivotal player in meeting Europe’s growing demand for sustainable metals.