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Nordic Resources Limited (ASX:NNL)

ALERT: Price-sensitive ASX Announcement for NNL
Current share price for NNL : $0.220 0 (0%)+
Announcement
Release
23 Jan 2026 10:32AM
Price at Release
$0.220
Full Release
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Summary
Nordic Resources Limited (ASX: NNL) presented its Quarterly Activities Report and Appendix 5B, summarizing progress and financial status for its gold-copper projects in Finland. The Kopsa project, the most advanced, has a JORC-compliant resource of 23.2Mt @ 1.09g/t AuEq for 814,800oz AuEq. Significant exploration potential remains across the Kopsa, Kiimala, and Hirsikangas projects, which are strategically located within 70km of each other. The company completed its first drilling program at Kopsa, consisting of 27 holes aimed at testing extensions, reporting assays from 12 holes so far. Financially, the company reported cash inflows from financing activities totaling $10,048,000 for the quarter, with cash and equivalents amounting to $12,258,000 at period-end. Nordic Resources also reported net expenditure on exploration and evaluation activities, and it continues discussions with potential partners for its Pulju Nickel-Copper project.
Key Points
  • Kopsa project's JORC-compliant resource stands at 23.2Mt @ 1.09g/t AuEq.
  • Completed first drilling program at Kopsa with 27 holes, reporting 12 assays.
  • Projects offer exploration potential, are located within 70km of each other.
  • Financing activities resulted in $10,048,000 cash inflows for the quarter.
  • Cash and cash equivalents at end of period amounted to $12,258,000.
  • Expenditure on exploration and evaluation activities was significant.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.