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The latest update is out from Nordic Nickel Limited ( (AU:NNL) ).
Nordic Resources has intersected a new, previously unknown higher-grade gold-copper zone on the northern side of its Kopsa deposit in central Finland, with three maiden drillholes in the sparsely drilled northern zone all returning significant mineralisation outside the current resource boundary. A standout intercept of 17 metres at 2.84 g/t gold equivalent at the northern tonalite footwall contact mirrors the high-grade Central Zone style and suggests potential to materially expand the existing 815,000-ounce gold-equivalent resource, with further drilling planned to test depth continuity and additional assays from the 2025 program due in the coming weeks, supported by a cash balance of more than A$12 million.
The most recent analyst rating on (AU:NNL) stock is a Hold with a A$0.23 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 Limited is an ASX-listed exploration company focused on gold and copper projects in Finland, particularly within the Middle Ostrobothnia Gold Belt. Its flagship Kopsa project hosts an 815,000-ounce gold-equivalent resource, with a high proportion of ounces in the Measured and Indicated categories, and the company reports it is well funded to continue its exploration programs.
Average Trading Volume: 594,162
Technical Sentiment Signal: Buy
Current Market Cap: A$82.73M
For a thorough assessment of NNL stock, go to TipRanks’ Stock Analysis page.