Nordic Resources Limited. · ASX:NNL
Nordic Resources — Nordic Nickel — Shareholder Meeting (November 2023)
22 slides from Nordic Resources's shareholder meeting presentation, Nov 15, 2023
Slide 1: Annual General Meeting
Annual General Meeting 15 November 2023 ASX NNL Exploring the World’s Newest Major Nickel District Delivering resource growth and sustainably sourced battery metal discoveries at the district-scale Pulju Project, Finland NORDICNICKEL.COM ACN 647 455 105
Slide 2: Important information
Important information DISCLAIMER AND FORWARD-LOOKING STATEMENTS The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform
Slide 3: Investment Highlights
Investment Highlights • Two district-scale nickel-copper exploration assets in world’s newest major Nickel Sulphide District – Northern Finland, Central Lapland Greenstone Belt (CLGB) • Pulju Project – extensive shallow disseminated nickel sulphides plus potential for high-grade massive sulphide dis
Slide 4: Critical Minerals at a Critical Time
Critical Minerals at a Critical Time Demand for Class-1 Securing supply Finland is Central Lapland Nordic Nickel has nickel sulphides to in Europe of incentivising Greenstone Belt rights over 515km2 of grow to 2.5Mt by critical minerals is battery minerals (CLGB) is highly a district-scale 2040 (14.
Slide 5: Nordic Region: Hub for Nickel and Batteries
Nordic Region: Hub for Nickel and Batteries Nikkelverk Refinery Kristiansand 92kt pa Finland – Nickel Mines Europe is the Company Mine Reserves & Grade fastest growing Resource 70 >75 Ni 0.22% region for Terrafame Talvivaara 1Btn Cu 0.13% GWh/a GWh/a battery cell Boliden Kevitsa 243Mtn Ni 0.22%, Cu
Slide 6: Central Lapland Greenstone Belt Projects
Central Lapland Greenstone Belt Projects Pulju Nickel Project (100%) • District scale, nickel-rich system • Shallow disseminated nickel sulphides + high-grade massive sulphides • Geophysics shows similar EM signatures to the Sakatti Deposit • Maiden 20km drill campaign underway • Two granted explora
Slide 7: Pulju Project: Highlights
Pulju Project: Highlights DISTRICT-SCALE LATERAL CONTINUITY • 35km of semi-continuous prospective strike • Detailed magnetics show nine new potential exploration regions EXCEPTIONAL VERTICAL CONTINUITY • 2km of continuous mineralized strike at Hotinvaara Prospect • Semi-continuous mineralization fro
Slide 8: Pulju Project: Global Scale Perspective
Pulju Project: Global Scale Perspective 1 ASX Outstanding Regional Nickel Potential Confirmed at Pulju, 10 August 2022 NORDICNICKEL.COM | 8
Slide 9: Pulju Project: Mining Camp Potential
Pulju Project: Mining Camp Potential • Nickel occurrences coincident with ultramafic lithologies and magnetic highs • Magnetic anomalies correlate to the ultramafic rocks • 35km of semi-continuous prospective strike • Shallow historical regional drilling confirmed widespread near-surface, disseminat
Slide 10: Hotinvaara Prospect
Hotinvaara Prospect • 2% of total 240km2 land package at Pulju Project • Over 1,700m of untested prospective strike • Dual exploration targets: i. Ultra high-grade massive sulphide lenses, with high nickel tenor located within disseminated nickel cloud ii. Near-surface disseminated nickel sulphides,
Slide 11: Hotinvaara Prospect: Historical Drill Results
Hotinvaara Prospect: Historical Drill Results Selected near surface Massive sulphide intersections* • Near-surface disseminated nickel disseminated nickel intersections* sulphide mineralisation is consistent and 97m @ 0.33% Ni from 102m in HOV-007 0.26m @ 9.61% Ni, 0.17% Cu and 0.36% Co incl. 18m @
Slide 12: Hotinvaara Prospect: Mineral Resource Estimate
Hotinvaara Prospect: Mineral Resource Estimate • Maiden Mineral Resource Estimate (MRE) of 133.6Mt @ 0.21% Ni, 0.01% Co for 278,530t of contained Ni and 12,650t Co1,2 • 227,000t contained Ni metal (81% of total) within 250m from surface • Strong metal endowment within an extensive nickel-rich system
Slide 13: Hotinvaara Prospect: 2023 Drilling Campaign
Hotinvaara Prospect: 2023 Drilling Campaign • Diamond drilling program concluded for 2023 with 15,432m completed over 28 drill holes • Successfully tested many geological and geophysical targets (MLEM, BHEM, fixed-loop EM, gravity and magnetics) • Remaining assay results expected within the next mon
Slide 14: Hotinvaara Prospect: 2023 Drilling Highlights
Hotinvaara Prospect: 2023 Drilling Highlights Selected near surface disseminated nickel 1,2 Massive sulphide intersections1,3 intersections 199.1m @ 0.22% Ni from 20.9m in HOT006 0.65m @ 1.49% Ni from 174.7m; and incl. 1m @ 0.61% Ni,0.03% Co from 183m 0.65m @ 1.09% Ni from 239.15m; and incl. 2.15m @
Slide 15: Hotinvaara Prospect: Growth Potential
Hotinvaara Prospect: Growth Potential • High-resolution UAV magnetic survey highlighted potential for multiple Hotinvaara-style ultramafic intrusives1 • Two large prospects identified in close proximity (<2km) to the existing JORC (2012) MRE • P3 adds 1,700m of strike length to the mineral system in
Slide 16: Pulju Project: Multiple Targets Outside the Resource
Pulju Project: Multiple Targets Outside the Resource • District-scale Project with potential to host extensive near-surface disseminated nickel together with massive nickel-copper sulphide mineralisation1 • High-resolution drone magnetic geophysical survey completed over 269km2 • Multiple magnetic a
Slide 17: 2024 Exploration Plan: Hotinvaara
2024 Exploration Plan: Hotinvaara • Dual exploration plan to test: i. High-grade massive sulphides ii. Expand near-surface disseminated nickel MRE • Over 1,700m of untested prospective strike • Extensive – high conductance MLEM targets to be tested to West and South West of MRE • Step out drilling t
Slide 18: 2024 Exploration Plan: Holtinvaara
2024 Exploration Plan: Holtinvaara • Highly prospective exploration licence at Holtinvaara was granted in October 2023 • Holtinvaara substantially expands the discovery potential at Pulju, with an opportunity to unlock the district-scale potential of the broader project area. • 5km north-east of 5km
Slide 19: Key Activities: 2024 Work Programs and News Flow
2024 Work Programs and News Flow Year CY 2023 CY 2024 CY 2025 Month Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 • Phase 1 • 3D Model • Phase 2 • Geophysics • BHEM historical • Refined UM • Phase 3 • Redefined target Diamond • MRE updated Diamond regional targets DHs conductors mapping of Diamond prioritization Drilling
Slide 20: Capital Structure
Capital Structure Company Overview Share Price ASX NNL $0.145c 115.25 m Share price1 Shares on issue $16.5m $0.25c Market capitalisation (A$) IPO price $2.8m Nil Cash (30 September 2023) Debt Retail Directors & Board & Management 14.65m $13.9m Associates Total Options on Issue Enterprise Value (A$)
Slide 21: Key Investment Takeaways
Key Investment Takeaways Unlocking the potential of one of world’s newest major nickel sulphide districts in Northern Finland. Maiden 133.6Mt Mineral Tier-1 jurisdiction Dual exploration targets Resource Estimate for highly prospective for i. High-grade massive sulphides 278,520t Ni and 12,560t Co 1
Slide 22: Investor Enquiries and Contact Details
Level 12, 197 St Georges Terrace Investor Enquiries Media Enquiries Perth, Western Australia 6000 Todd Ross Nicholas Read info@nordicnickel.com Managing Director Read Corporate NORDICNICKEL.COM T: +61 416 718 110 T: +61-8 9388 1474 E: info@nordicnickel.com M: +61-8 419 929 046 E: nicholas@readcorpor