Nordic Resources Digs Deeper into Finland with Transformational Gold Acquisition

In a bold Scandinavian expansion, Perth-based Nordic Resources (ASX: NNL) has completed its acquisition of three advanced-stage gold projects in central Finland, marking a decisive step towards becoming a serious mid-tier gold-copper player.

Shareholders greenlit the acquisition at an EGM on 3 June 2025, clearing the way for Nordic to take 100% ownership of the Kopsa, Kiimala Trend, and Hirsikangas projects from Swedish vendor Northgold AB. The deal, first unveiled in April, was settled through the issue of 70 million NNL shares and a modest SEK2 million (about A$325,000) in cash—hardly a princely sum given the nearly one-million-ounce gold equivalent bounty now on Nordic’s books.

The three assets lie in the Middle Ostrobothnia Gold Belt (MOGB), a structurally rich but relatively underexplored zone that geologically mirrors Sweden’s prolific Gold Line. With two existing processing plants in the region and a whiff of underappreciated upside, this is not just a land grab—it’s a carefully calculated shot at becoming Finland’s next multi-project gold producer.

Leading the charge is the Kopsa gold-copper project, boasting 23.2 million tonnes at 1.09g/t gold equivalent (AuEq) for 814,800oz AuEq. Notably, 69% of the resource sits in the Measured and Indicated categories, with mineralisation starting right at surface. The drilling figures are eye-catching, particularly one 98.7m intercept grading 3.90g/t gold and 0.19% copper from just six metres depth—screaming potential open-pit development.

Next in line is the Kiimala Trend, a 27km² stretch peppered with gold prospects. Its flagship Angesneva deposit contains 147,000oz of gold at 1.19g/t (Indicated category). Drill results here include an impressive 122.4m at 1.52g/t gold and 0.12% copper, affirming the project's scale. Vesipera, another advanced Kiimala prospect, has historic—but non-JORC—resources that Nordic plans to firm up with upcoming drilling.

Then there’s Hirsikangas, an intriguing sleeper with historical gold mineralisation and a 2018 resource that’s non-compliant under current JORC standards. Validation and resource modelling are underway, and with a bit of luck and legwork, this third wheel could become a critical asset in its own right.

Executive Director Robert Wrixon and his team are currently on the ground in Ostrobothnia, conducting handover meetings, planning stakeholder engagement, and mapping out drilling programs set to kick off at Kopsa and Kiimala in late July. It's boots-on-the-ground time, with drilling expected to lift the lid on what’s already a promising resource base.

Infrastructure-wise, the region is well-placed for downstream development. The Kopsa site sits just 45km from First Quantum’s under-utilised Pyhäsalmi base metals plant and 120km from the Laiva gold plant, which, though mothballed, remains a modern facility capable of 2.2Mtpa throughput. A standalone plant is also on the cards, but the flexibility of toll treatment adds welcome optionality.

While all eyes remain on the Kopsa and Kiimala drill campaigns, Nordic hasn’t lost sight of its nickel-copper Pulju project up north in Lapland. The company continues to explore earn-in and JV possibilities for Pulju, ensuring the base metals side of the ledger doesn’t fall by the wayside.

All told, this acquisition delivers a combined 961,800oz of JORC-compliant gold equivalent resource (Kopsa and Angesneva) with further upside from Hirsikangas and non-compliant targets. For Nordic, the move is nothing short of transformational—less a pivot and more a full-throttle sprint into Europe’s emerging gold frontier.