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Nordic Nickel Limited ( (AU:NNL) ) has provided an update.
Nordic Resources has completed an expanded 27-hole, 5,971m diamond drilling program at its Kopsa gold-copper project in Finland, after strong early results from 12 reported holes prompted an increase from the original 4,500m program and confirmed mineralised extensions beyond the existing block model, including shallow depth extensions in the central zone and strike extensions to the southeast, southwest and west. Downhole EM surveys have identified new conductive targets along the largely untested northern contact at Kopsa, detailed metallurgical testwork has commenced, and with over A$10m in fresh institutional capital and a 1.23Moz AuEq regional resource base, the company is positioned to advance drilling from March and continue partner discussions on its Pulju nickel-copper project, potentially strengthening its development pipeline and regional gold strategy in Finland.
The most recent analyst rating on (AU:NNL) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Nordic Nickel Limited stock, see the AU:NNL Stock Forecast page.
More about Nordic Nickel Limited
Nordic Resources Ltd (ASX: NNL) is a gold and copper exploration and development company focused on central Finland, where it controls three near-surface gold projects with a combined resource of 34.3Mt at 1.11g/t AuEq for 1.23Moz AuEq, including 1.04Moz contained gold and 38kt contained copper. The flagship Kopsa deposit is the largest asset, hosting 814,800oz AuEq at 1.09g/t AuEq with most of the resource within 150m of surface and potentially amenable to open-pit mining, while nearby processing mills and the Pulju nickel-copper project in Finnish Lapland provide additional strategic and development optionality.
Average Trading Volume: 559,305
Technical Sentiment Signal: Buy
Current Market Cap: A$69.57M
Learn more about NNL stock on TipRanks’ Stock Analysis page.