InvestSMART

Nordic Resources Limited (ASX:NNL)

ALERT: Price-sensitive ASX Announcement for NNL
Current share price for NNL : $0.220 0.02 (10%)+
Announcement
Release
30 Jul 2026 8:29AM
Price at Release
$0.200
Full Release
download
Summary
Nordic Resources Limited's quarterly report for June 2026 highlights significant developments in their Finnish gold projects and financial status. The company reported final assays from its 2026 drilling programs at Kopsa and Kiimala projects, revealing extensive mineralised extensions and record high-grade gold assays. Drilling is set to resume in August, and a detailed metallurgical testing program is ongoing. The gold projects host a combined resource inventory of 34.3 million tonnes at 1.11g/t AuEq for 1.23 million ounces of gold equivalent across three deposits. The report also notes the commencement of an Ionic LeachTM survey at the Pulju nickel-copper project. Financially, the company remains well-funded with a cash balance of A$8.48 million, despite substantial exploration expenditures. Payments for related parties totaled A$92k, and the company has funding available for approximately 3.6 quarters.
Key Points
  • Final assays from 2026 drilling at Kopsa and Kiimala completed.
  • Record high-grade gold assays reported; drilling to resume in August.
  • Metallurgical testing program ongoing, results expected later this year.
  • Combined resource inventory at 34.3Mt at 1.11g/t AuEq.
  • Ionic LeachTM survey commenced at Pulju nickel-copper project.
  • Cash balance of A$8.48 million at quarter end.
  • Expenditure on exploration amounted to A$2.12 million.
  • Payments to related parties totaled A$92k.
  • Funding available for approximately 3.6 quarters.
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.