Nordic Resources Limited. · ASX:NNL
Nordic Resources — Investor Presentation (November 2026)
22 slides from Nordic Resources's investor presentation, Nov 9, 2026
Slide 1: 1.93Moz AuEq and Growing
GOLD · COPPER · DISTRICT SCALE 1.93Moz AuEq and Growing European Gold Conferences · Nov 2026 NORDICRESOURCES.COM ACN 647 455 105
Slide 2: Important Information
IMPORTANT INFORMATION DISCLAIMER GOLD EQUIVALENT The release, publication or distribution of this presentation in certain jurisdictions Gold equivalent formula for Kopsa uses US$3,500/oz Au price, US$14,000/t Cu may be restricted by law and therefore persons in such jurisdictions into which price an
Slide 3: Five Reasons to Own NNL
THE INVESTMENT CASE FIVE REASONS TO OWN NNL Scale in a jurisdiction the majors are buying 1.93Moz @ 1.1g/t gold eq near-surface resources, 80% Measured & Indicated, 3 deposits in central Finland1. Fast, cheap growth +86% Kopsa grew from 815koz to 1.52Moz AuEq on 9.6km of drilling. 13km more is under
Slide 4: NNL in Finland: At a Glance
NNL IN FINLAND: PULJU PROJECT AT A GLANCE Hotinvaara Deposit2 863 kt Nickel 40 kt Cobalt COMBINED 22 kt Copper CENTRAL FINLAND GOLD PROJECTS 1.93Moz @ 1.1g/t Gold Eq1 1.6 Moz Gold 71 kt Copper Flagship: Kopsa 3.5 Moz Silver FINLAND • 1.52Moz AuEq1 in single pit shell • Up 86% in 2026 • More drilling
Slide 5: Finland. Gold. NNL.
JURISDICTION FINLAND. GOLD. NNL. 3 Lowest Operating gold mines power cost in EU2 Including Kittilä, Europe’s largest And among the lowest in the gold mine (~220koz/a)1 OECD2. A$3.6bn A$740m Gold M&A in 2026 TSX listed peer Agnico Eagle’s acquisitions of Goldsky Resources market cap4. Rupert and Auri
Slide 6: Regional Production Hub Potential
DISTRICT SCALE REGIONAL PRODUCTION HUB POTENTIAL NNL has Three Neighbouring gold deposits for 1.93Moz AuEq1 Compelling growth potential across the assets. 13,000m of new drilling underway, Kopsa the focus. Road + Rail Throughout the district Sealed roads, rail and grid power across the NNL projects.
Slide 7: Kopsa: A Single, Shallow, Royalty Free Optimised Pit Shell
KOPSA A SINGLE, SHALLOW, ROYALTY FREE OPTIMISED PIT SHELL1 1.52Moz AuEq 44.0Mt @ 1.07g/t AuEq, pit-constrained 86% Measured & Indicated 90% of the resource 0-215m below surface Kopsa block model by classification (blue Measured, green Indicated, red Inferred) in the optimised pit shell. View NW. ~4:
Slide 8: Kopsa: De-risked on the Major Issues
KOPSA DE-RISKED ON THE MAJOR ISSUES ISSUE KOPSA STATUS 1.52Moz @ 1.07g/t AuEq resource in single pit, ~4:1 strip ratio, 86% Measured & Indicated. MINING1 Pit optimisation 90% of the resource within 215m of surface. Non-refractory. Cu float then leach: 88-90% Au, 88-91% Cu, 80% Ag recovery. METALLURG
Slide 9: Best in Class Drilling Efficiency… Accelerating
KOPSA BEST IN CLASS DRILLING EFFICIENCY… ACCELERATING Most recent 80 Life of Project Drilling Efficiency (oz/m) 10km at 160 73 70 Drilled Metres Since Project Inception 141km Kopsa added140 73oz AuEq/m Resource Drilling (km) 114km Drilling Efficiency (oz/m) 60 120 50 45 100 85km 40 37 80 30 60 20 17
Slide 10: Building an Exceptional Deposit
KOPSA BUILDING AN EXCEPTIONAL DEPOSIT Wide Section Favourable Geometry Multiple growth paths Geophysics shows widespread IP anomalism and undrilled FLEM conductors1. Significant undrilled zones remain along strike and at depth. 300m wide oblique section at Kopsa with mineralised drill traces and int
Slide 11: Ongoing Pit Shell Enhancement and Extensions
KOPSA. GROWTH ONGOING PIT SHELL ENHANCEMENT AND EXTENSIONS Ongoing Drilling Kopsa block model – 100m wide in-pit section view1. Coordinates presented in ETRS-TM35FIN system (EPSG:3067). • Wide mineralised zones in a single, low-strip pit (currently estimated 4:1). • In-pit resource is constrained by
Slide 12: Open High Grade Zone
KOPSA. GROWTH OPEN HIGH GRADE ZONE Northern zone discovery1 71m @ 3.04g/t AuEq including 8m @ 20.13g/t AuEq Discovery hole was testing modelled EM plates at the northern footwall contact. Undrilled zones around this discovery are well inside the optimal pit shell… …but the modelled EM conductors ext
Slide 13: Nearby Exploration Upside
KOPSA. GROWTH NEARBY EXPLORATION UPSIDE • The host intrusion at Kopsa has a distinct SOROLA magnetic signature1. KOPSA • Numerous high priority ‘near-deposit’ (satellite) targets within 2km. • Sorola the only area outside Kopsa with any historical drilling. • Anomalies to be tested for satellite pit
Slide 14: Robust Valuations for Gold Companies in the Nordics
LONGER TERM VALUE ROBUST VALUATIONS FOR GOLD COMPANIES IN THE NORDICS 3500 3,100 3000 MARKET VALUE (A$) GOLD RESOURCES (MOZ) 3.7 4.2 4.5 4 A$30/oz 2500 NNL EV per AuEq ounce 3.5 2000 3 1.93 2.5 1500 2 A$738/oz 1000 740 1.5 Agnico paid for Rupert 500 1 500 0.5 0 65 0 0 A$186/oz Nordic Resources Aurio
Slide 15: More Gold Within Transport Distance
BEYOND KOPSA MORE GOLD WITHIN TRANSPORT DISTANCE GOLD · KIIMALA TREND GOLD · HIRSIKANGAS 147koz Au 264koz Au @ 1.19g/t, all Indicated, near @ 1.13g/t, Indicated and surface (Ängesneva)1 Inferred, from surface1 70m @ 1.34g/t Au drilled Wide intersections (45-70m) outside the resource in 2026.2 over 2
Slide 16: Corporate Snapshot
CORPORATE CORPORATE SNAPSHOT1 A$0.17 381.4m A$65m A$7.7m Nil A$57m Share price Shares on issue2 Market cap Cash, 30 Sep 2026 Debt Enterprise value Share Register Strategic 20% Finnish Investors 15% Institutional 14% Board and Management 5% Agnico Eagle 1% Retail 45% Share Price (6 Months) Gold resou
Slide 17: Team Has Discovered and Built… and Sold in Finland
PEOPLE TEAM HAS DISCOVERED AND BUILT… AND SOLD IN FINLAND Board and Corporate Malcolm Norris Dr Robert Wrixon Graham Crew Non-Executive Chairman Managing Director Non-Executive Director (newly appointed) 40 years; discoveries incl. Cascabel (SolGold) 25 years in strategy, mining M&A and exploration;
Slide 18: Outlook for NNL Shareholders
SUMMARY OUTLOOK FOR NNL SHAREHOLDERS Valuation Upside Growing De-risked Shallow, royalty-free, 86% M&I, 88- At A$30/oz NNL is still a fraction of 1.93Moz AuEq and rising: Kopsa 90% recovery, conditional mining Nordic peers. recently up 86% on just 9.6km. concession. Agnico paid A$738/oz for Rupert 1
Slide 19: Appendix I: Pulju Copper-Nickel Project
APPENDIX I: PULJU COPPER-NICKEL PROJECT PULJU PROJECT • District-scale (170km2) copper-nickel exploration assets in the Central Lapland Greenstone Belt (CLGB). • Hotinvaara Deposit - known high-grade massive sulphides (5-10% Ni) exist within extensive shallow disseminated nickel-cobalt zones, an ext
Slide 20: Appendix II: Company Gold Resources Table
APPENDIX II: COMPANY GOLD RESOURCES TABLE1 Total Resources of 1.93Moz AuEq (80% Measured & Indicated). Tonnes Mineral Resources Au (g/t) Cu (% ) Ag (g/t) AuEq (g/t) Au (Moz) Cu (kt) Ag (Moz) AuEq (Moz) (Mt) Kopsa Measured Resources 14.15 0.90 0.15 2.34 1.13 0.41 22 1.06 0.51 Indicated Resources 23.0
Slide 21: Appendix III: External Project Resource References
APPENDIX III: EXTERNAL PROJECT RESOURCE REFERENCES Agnico-Eagle / Rupert Resources - Gold Resource Information Ikkari Deposit: Total Resources of 62.0Mt @ 2.12g/t for 4.22Moz Au, comprising: • 58.4Mt @ 2.18g/t Au for 4.09Moz Au in the Indicated category (97%); • 3.6Mt @ 1.18g/t Au for 0.14Moz in the
Slide 22: Investor Enquiries
Address Investor Enquiries Level 12, 197 St Georges Terrace, Robert Wrixon Perth, Western Australia 6000, Managing Director Australia E: info@nordicresources.com ASX: NNL NORDICRESOURCES.COM
Nordic Resources — Investor Presentation (November 2026) on 6ix