Nordic Resources Presents 1.93Moz AuEq Portfolio at European Gold Conferences November 2026

Sonal Goyal

09 November 2026 03:33 PM AEDT

Nordic Resources Presents 1.93Moz AuEq Portfolio at European Gold Conferences November 2026

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Nordic Resources Limited (ASX:NNL) has released a conference presentation for the European Gold Conferences in November 2026, disclosing a combined central Finland gold project resource of 1.93 million ounces at 1.1 grams per tonne gold equivalent across three deposits, with its flagship Kopsa project comprising 1.52 million ounces gold equivalent within a single pit shell.

Key Points

Combined central Finland gold projects total 1.93Moz at 1.1g/t gold equivalent, comprising 1.6Moz gold, 71kt copper and 3.5Moz silver
Kopsa flagship deposit stands at 1.52Moz AuEq (44.0Mt at 1.07g/t AuEq), up 86% in 2026, with 86% in Measured and Indicated categories
13,000 metres of new drilling is underway, with Kopsa as the focus
New director Graham Crew was previously Managing Director of Rupert Resources, which was sold to Agnico Eagle for A$3.1bn in 2026
The company's enterprise value per resource ounce is disclosed at A$30/oz as at 5 November 2026

Kopsa Deposit Resource and Drilling Details

The Kopsa deposit is stated at 44.0 million tonnes at 1.07 grams per tonne gold equivalent for 1.52 million ounces AuEq, pit-constrained. According to the filing, 90% of the resource lies within 215 metres of surface with a 4:1 strip ratio. The deposit carries 86% of its resource in the Measured and Indicated categories, with a higher grade starter zone in the Measured category from surface, within a conditional mining concession. The gold equivalent formula applies a US$3,500 per ounce gold price, US$14,000 per tonne copper price and US$60 per ounce silver price, with recoveries of 88% gold, 89% copper and 79% silver.

Pulju Project and District Scale Assets

The company's Pulju Project hosts the Hotinvaara deposit, which the filing states contains 863 kilotonnes of nickel, 40 kilotonnes of cobalt and 22 kilotonnes of copper. The filing describes all NNL projects as being within reach of existing processing plants, with sealed roads, rail and grid power across the project area. The company states it holds three neighbouring gold deposits contributing to the 1.93Moz AuEq combined resource total. The filing states Kopsa has grown 4.5 times in three years and identifies it as the largest gold deposit in Finland outside Agnico Eagle's Kittilä and Ikkari projects.

Board Appointment and Corporate Snapshot

The filing discloses the appointment of Graham Crew as a new director, noting he was previously Managing Director of Rupert Resources, which was acquired by Agnico Eagle for A$3.1bn in 2026. Chairman Malcolm Norris is referenced in connection with prior projects Cascabel and Tujuh Bukit. The filing states NNL's enterprise value per resource ounce is A$30/oz as at 5 November 2026, compared with A$186/oz for TSX-listed Goldsky Resources and A$738/oz attributed to the Rupert Resources transaction. The presentation was authorised for release by the Board of Directors of Nordic Resources Limited.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.