Nordic Resources Confirms High-Grade Gold at Vesipera, Finland

Nordic Resources Strikes Gold: Vesipera Drilling Confirms a Compelling New Target Within Finland's Kiimala Trend

Nordic Resources Limited (ASX: NNL) has released its maiden drill results from the Kiimala Trend gold project in central Finland, and the outcomes have meaningfully expanded the picture at one of the country's most underappreciated emerging gold districts. The Nordic Resources Vesipera gold drilling results in Finland confirm both depth extensions and strike continuity at a target previously treated as secondary within the broader project area.

All six holes drilled at the Vesipera prospect returned significant gold intersections. With drilling now shifting to the nearby Angesneva deposit and the flagship Kopsa gold-copper project, NNL is building toward what could be a substantial increase in its total resource inventory across the Middle Ostrobothnia Gold Belt (MOGB) of Finland.

What the Vesipera Drill Results Actually Show

The six-hole programme at Vesipera — part of a nine-hole, 1,116m maiden diamond core campaign across the Kiimala Trend — was designed primarily as step-out drilling, with one twin hole included for QA/QC purposes. The results validated the historical data while extending the mineralised envelope in multiple directions.

Selected Key Intersections from 2026 Drilling

Note: Intersections are quoted as downhole widths. True thicknesses are estimated to be 80–100% of downhole width.

The structural pattern emerging from these holes is characteristic of the Vesipera system: narrow, shallow, high-grade gold zones sitting alongside or within broader lower-grade envelopes. This is economically meaningful because it suggests the deposit could support a range of potential mining configurations depending on the overall scale of the resource.

The twin hole (NRVES26005), drilled adjacent to historical hole R376 to verify old data under modern QA/QC protocols, returned nearly identical results — 21.3m @ 0.84g/t Au from 4.0m. This gives considerable confidence that the historical drilling database at Vesipera is reliable.

How Does the New Drilling Compare to Historical Results?

One of the more reassuring aspects of this announcement is how consistently the new holes tracked with the extensive historical programme at Vesipera. That programme included drilling by the Geological Survey of Finland dating back to 1986 and subsequent work by Belvedere Resources Finland in 2007.

Historical Highlight Intersections at Vesipera

The consistency between old and new results suggests the mineralised system at Vesipera is genuinely coherent — a positive indicator for the upcoming resource estimation work.

Understanding the Mineralisation Style: Why "High-Grade Cores Within Wide Zones" Matters

For investors less familiar with gold exploration geology, the particular mineralisation pattern at Vesipera is worth understanding in detail. Gold at Vesipera occurs in two distinct but related styles.

• Narrow high-grade veins or shoots — intervals of 0.5m to 2m grading anywhere from 4 g/t to over 28 g/t Au, representing concentrated gold in structurally controlled zones.
• Wider lower-grade envelopes — intervals of 15m to 25m grading 0.7 g/t to 1.0 g/t Au, which surround or sit near the high-grade shoots.

This type of system — commonly referred to as a "high-grade core within a bulk-tonnage halo" — is highly sought after in modern gold mining because it provides operational flexibility. A project can be scoped for selective high-grade extraction, bulk open-pit mining, or a combination of both.

Furthermore, the wider zones, even at lower grades, can represent significant contained ounces when multiplied across a large mineralised volume. The fact that Vesipera remains open along strike and at depth means the envelope could grow further with additional drilling.

Executive Director Robert Wrixon commented: "These are important results, noting the significant growth of the mineralised zone at Vesipera, the first prospect to be drilled by the Company at the Kiimala Trend gold project. Vesipera has been considered a secondary target within the project area, but already shows potential to add significant gold ounces to the resource inventory, supplementing the existing 147,000oz Au in Indicated resources at Angesneva, just 2.5km away."

The Bigger Picture: NNL's Growing Finnish Gold Platform

To appreciate why the Nordic Resources Vesipera gold drilling results in Finland matter, it helps to zoom out and consider where they sit within NNL's broader Finnish gold strategy. All three of the company's projects are located within the Middle Ostrobothnia Gold Belt (MOGB) of central Finland — a structurally controlled gold province within the Palaeoproterozoic Svecofennian crustal domain.

The region is well-served by existing infrastructure, including two processing plants within road or road/rail distance: the 1.4Mtpa Pyhäsalmi plant (owned by First Quantum Minerals, approximately 40km east of Kopsa) and the 2.2Mtpa Laiva gold plant (approximately 120km northwest, currently on care and maintenance).

NNL's Combined MOGB Resource Inventory

66% of the combined resource inventory sits in the Measured and Indicated categories.

The Kopsa deposit alone — NNL's flagship — hosts 814,800oz AuEq across 23.2Mt at 1.09g/t AuEq, with 69% of that resource in the higher-confidence Measured and Indicated categories. Critically, step-out drilling at Kopsa is currently ongoing, with the drill rig having moved there directly from Kiimala.

The Kiimala Trend project area itself hosts twelve known gold prospects, of which eight have been drilled — all eight returning significant gold intersections. Vesipera and Angesneva are just two of those twelve. The breadth of the target inventory across Kiimala Trend suggests that systematic drilling over coming years could materially change the scale of what is already a meaningful resource base.

What Comes Next: A Packed Exploration Pipeline

NNL's near-term activity schedule is dense, with multiple catalysts expected in the coming weeks and months. In addition, the range of upcoming milestones creates a busy newsflow environment that investors in early-stage gold exploration typically find compelling.

Upcoming Milestones:

1. Angesneva deposit drill results — Drilling at the 147,000oz Au Indicated resource at Angesneva has been completed; assays are expected in the coming weeks.
2. Kopsa step-out drilling results — Currently active drilling is targeting depth and lateral extensions to the SW, SE and North of the 815,000oz AuEq Kopsa deposit.
3. Maiden JORC (2012) compliant resource for Vesipera — NNL intends to compile the first JORC-compliant mineral resource estimate (MRE) for Vesipera later in 2026.
4. Kopsa resource update — The company has indicated an intention to update the Kopsa resource in 2026 to incorporate the latest drilling and metallurgical results with an updated AuEq formula.
5. Further Kiimala prospect drilling — Several additional prospects (Kiimala, Angeslampi, Tiitola, Pohlola) hold historical shallow gold intersections yet to be followed up with modern drilling.

Why Investors Should Keep a Close Eye on NNL

Nordic Resources is executing a deliberate, methodical strategy to build a multi-deposit gold district in one of Europe's most geologically prospective and infrastructure-friendly jurisdictions. The Nordic Resources Vesipera gold drilling results in Finland are particularly noteworthy because they came from what was considered a secondary target — and they have already expanded the mineralised envelope at depth and along strike.

However, perhaps the most compelling aspect of the NNL story is its combination of an established resource base and meaningful exploration upside. Key reasons to follow NNL's progress include:

• Scale of existing resource: A combined 1.23Moz AuEq across three JORC-compliant projects, with 66% in the higher-confidence Measured and Indicated categories, provides a credible foundation.
• Exploration upside: Vesipera remains open along strike and at depth, and twelve known gold prospects in the Kiimala Trend area means the resource inventory has significant room to grow.
• Systematic and high-quality drilling: The use of modern QA/QC protocols, oriented diamond core, twin hole verification, and third-party assaying at ALS laboratories gives confidence in the data being generated.
• Multiple near-term catalysts: Angesneva assay results, ongoing Kopsa step-out drilling, and a potential maiden Vesipera resource — all expected within 2026 — create a busy newsflow environment.
• Infrastructure optionality: Proximity to two existing processing facilities and strong regional road/rail access reduces the long-term capital hurdle for project development.

Key Takeaway: Nordic Resources has positioned itself as a serious gold explorer in Finland's Middle Ostrobothnia Gold Belt, with a combined resource base now exceeding 1.2Moz AuEq and a busy 2026 drilling programme delivering results across multiple fronts. With Kopsa step-out drilling ongoing and Angesneva results imminent, investors have strong reason to monitor NNL's progress closely in the months ahead.

Understanding Finnish Gold Exploration: Key Technical Terms

For those less familiar with exploration terminology, the following definitions provide useful context for interpreting NNL's announcements.

What Is AuEq (Gold Equivalent)?

AuEq is a method of expressing the combined value of multiple metals — in this case gold and copper — as a single gold-equivalent grade, using prevailing commodity prices and assumed recovery factors.

What Is JORC (2012)?

JORC (2012) refers to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves — the industry standard for transparent resource reporting in Australia and internationally.

What Is an Indicated Resource?

An Indicated Resource is a resource category under the JORC Code reflecting a level of geological confidence sufficient to allow reasonable assumptions about the continuity of mineralisation. It carries higher confidence than Inferred, but lower confidence than Measured.

What Are Other Key Terms?

• Mafic-Intermediate Unit: A body of rock with intermediate to dark mineral composition (rich in iron and magnesium), commonly associated with gold mineralisation in Proterozoic terrains like the MOGB.
• Step-out drilling: Drilling designed to test for extensions of known mineralisation beyond the currently defined envelope — aimed at growing the size of a deposit.
• Twin hole: A drill hole drilled close to a historical hole to verify the original assay results using modern sampling and QA/QC procedures.
• Middle Ostrobothnia Gold Belt (MOGB): A regionally significant geological structure in central Finland hosting multiple gold and base metal deposits, formed during the Palaeoproterozoic era approximately 1.92–1.80 billion years ago.
• g/t Au: Grams of gold per tonne of rock — the standard unit for expressing gold grade in the mining industry.
• Downhole width: The length of a mineralised intersection measured along the drill hole path, which may differ from true thickness depending on the angle of intersection relative to the mineralised zone.

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