Nordic Lifts Kopsa Resource to 1.52Moz AuEq in Finland

Nordic Resources (ASX:NNL) released an interim Mineral Resource Estimate (MRE) for its Kopsa gold-copper-silver deposit in Central Finland to capture drilling reported to end July 2026 and include silver in the resource for the first time.

The pit-constrained JORC (2012) MRE is 44.0Mt @ 1.07g/t AuEq for 1.52Moz AuEq, containing 1.18Moz gold, 71kt copper and 3.50Moz silver, at a 0.4g/t AuEq cutoff. Of the total AuEq ounces, 86% are in the Measured and Indicated categories. The company says the Kopsa MRE increased by 86% from 9,631m of drilling, and that 97% of the in situ block model sits inside the optimised pit shell, with an estimated strip ratio of approximately 4:1. AuEq figures were calculated by the company using US$3,500/oz gold, US$14,000/t copper and US$60/oz silver, with recoveries of 88%, 89% and 79%. Company resources across three neighbouring deposits now total 55.2Mt @ 1.09g/t AuEq for 1.93Moz AuEq. A mining licence has been conditionally granted at Kopsa, and a new 12,000m drill program is underway.

The release contains no development economics. A Scoping Study is expected only after further resource updates, with the next Kopsa MRE anticipated in Q2 2027, and an auxiliary mining licence application is still in progress.