Nordic Resources Limited. · ASX:NNL
Nordic Resources — Mines and Money London 2024
25 slides from Nordic Resources's conference presentation, December 2024
Slide 1: Building a Nickel-Copper District in Europe
Building a Nickel-Copper District in Europe Resource growth and sustainably sourced battery metal discoveries at the belt-scale Pulju Project, Finland ACN 647 455 105 NORDICRESOURCES.COM
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: Sustainable critical metals supply in Europe
Sustainable critical metals supply in Europe • District-scale (240km2) nickel-copper exploration and development assets in the Central Lapland Greenstone Belt (CLGB). • Pulju Project – known high-grade massive sulphides exist within extensive shallow disseminated nickel-cobalt zones, an extremely fe
Slide 4: Capital Structure
Capital Structure Company Overview Share Price ASX NNL $0.10c 147.4m Share price1 Shares on issue $14.7m $0.25c Market capitalisation (A$) IPO price $1.3m Nil Cash (30 Sept 2024) Debt Retail Directors & Board & Management 33.9m $13.4m Associates Total Options on Issue Enterprise Value (A$) 12% Todd
Slide 5: Critical Minerals in Europe
Critical Minerals in Europe Fundamentals remain… Demand for Class-1 Securing supply Finland is Central Lapland At Pulju, Nordic nickel sulphides to in Europe of incentivising Greenstone Belt Resources has grow to 2.5Mt by critical minerals is battery minerals (CLGB) known for exploration rights 2040
Slide 6: Energy Transition in Europe
Energy Transition in Europe1 STRATEGY EU CRITICAL MINERALS ACT – 2030 BENCHMARKS • Europe transitioning to a zero-carbon economy by 2050 Of Europe’s annual consumption: • Securing, sustainably sourced, traceable supply is now a critical priority in Europe • EU Critical Minerals Act is Europe's equiv
Slide 7: Nordic Region: Hub for Nickel and Batteries
Nordic Region: Hub for Nickel and Batteries Nikkelverk Refinery Kristiansand Finland – Nickel Mines Reserves & Company Mine Grade Europe is the Resource 70 >75 Ni 0.22% fastest growing Terrafame Talvivaara2 1Btn Cu 0.13% GWh/a GWh/a region for Boliden Kevitsa3 243Mtn Ni 0.22%, Cu 0.34% planned batte
Slide 8: Central Lapland Greenstone Belt
Central Lapland Greenstone Belt Pulju Nickel Project (100%) • District scale, fertile system. • Extensive disseminated nickel sulphides + thin high-grade remobilised/massive sulphides (up to 10% Ni grade) • Similarities to both the Sakatti Deposit and to the Thompson Nickel Belt. • Over 12km of hist
Slide 9: Pulju Project: Highlights
Pulju Project: Highlights DISTRICT-SCALE LATERAL CONTINUITY • 35km of semi-continuous prospective strike • Detailed magnetics show at least nine other prospective exploration zones within the wider district, all 100% owned by NNL EXCEPTIONAL VERTICAL CONTINUITY • 2km of continuous mineralized strike
Slide 10: Pulju Project: Mining Camp Potential
Pulju Project: Mining Camp Potential1 • Nickel 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, disseminated nicke
Slide 11: Pulju Project: Global Scale Perspective
Pulju Project: Global Scale Perspective Hotinvaara 862kt Ni, 40kt Co, 22kt Cu 1 ASX Outstanding Regional Nickel Potential Confirmed at Pulju, 10 August 2022 NORDICRESOURCES.COM | 11
Slide 12: Hotinvaara Deposit
Hotinvaara Deposit • Covers just 2km of the 35km of prospective strike at Pulju • 1,700m of untested prospective strike remains • Dual exploration targets: i. Ultra high-grade remobilised/massive sulphide lenses, with high nickel tenor located within disseminated nickel cloud or within depositional
Slide 13: Hotinvaara: Historical Drilling/Assay Results
Hotinvaara: Historical Drilling/Assay Results Selected near surface Massive/Remobilised disseminated nickel intersections* sulphide intersections* • Near-surface disseminated nickel 97m @ 0.33% Ni from 102m in HOV-007 0.26m @ 9.61% Ni, 0.17% Cu and 0.36% Co sulphide mineralisation was consistent inc
Slide 14: Hotinvaara: NNL 2023 Drilling Campaign
Hotinvaara: NNL 2023 Drilling Campaign • Further widespread disseminated nickel sulphide mineralisation, drilled to over 1,000m depth. • 30m of semi-massive and net-textured sulphides in HOT003. • 0.6m @ 4.66% Ni in HOT006 • Strong disseminated nickel mineralisation reported in HOT016, including: •
Slide 15: Hotinvaara: 2023 Drilling & Analysis
Hotinvaara: 2023 Drilling & Analysis Selected near surface disseminated Semi-Massive/Remobilised • Classification of three main nickel nickel intersections 1,2 (Type A/B) sulphide intersections 1,3 (Type A/C) mineralisation styles: 199.1m @ 0.22% Ni from 20.9m in HOT006 0.65m @ 1.49% Ni from 174.7m;
Slide 16: Hotinvaara: Mineral Resource Estimate
Hotinvaara: Mineral Resource Estimate • Updated Mineral Resource Estimate (MRE) of 418Mt @ 0.21% Ni, 0.01% Co and 53ppm Cu for 862,800t of contained Ni, 40,000t of contained Co and 22,100t of contained Cu 1,2. • Substantial portion located within 250m of surface, including 90,338t of contained Ni in
Slide 17: Hotinvaara: Excellent Metallurgical Properties
Hotinvaara: Excellent Metallurgical Properties1 • Master composite produced a clean concentrate of 18.4% nickel and 0.66% cobalt. • Ni recovery of 62%, Co recovery 51% employing a simple 90 micron grind and float process, no re-grind required. • Ni deportment in sulphides almost entirely in pentland
Slide 18: Exploration Plan: Hotinvaara
Exploration Plan: Hotinvaara • Remains prospective for both: i. High-grade massive sulphides ii. Expand near-surface disseminated nickel MRE • Significant untested prospective strike remains. • Extensive high conductance MLEM targets coincident with the bounding fault structure to the west remain to
Slide 19: Hotinvaara: Nearby Growth Potential
Hotinvaara: Nearby Growth Potential • High-resolution UAV magnetic survey highlighted potential for multiple Hotinvaara-style ultramafic intrusives • Two large prospects identified in close proximity to the existing JORC (2012) MRE • P3 adds 1,700m of untested strike length to Hotinvaara itself • P2
Slide 20: Regional Exploration Plan - Pulju Project
Regional Exploration Plan - Pulju Project • Ranking of both near-surface disseminated nickel (Type A/B) targets and massive nickel-copper sulphide mineralisation (Type C) exploration targets. • Several large mag anomalies are associated with confirmed nickel mineralisation from historical shallow dr
Slide 21: Regional Base of Till (BOT) Drilling – Nickel
Regional Base of Till (BOT) Drilling – Nickel1 • Tight correlation of nickel anomalism with the mineralised ultramafic cumulate within the prospective Mertavaara formation. • Suggests BOT is a useful regional geochemical targeting tool. • Additional unmapped prospective lithologies likely exist bene
Slide 22: Regional Base of Till (BOT) Drilling – Copper
Regional Base of Till (BOT) Drilling – Copper1 • Copper anomalism also tracks the Mertavaara formation, but not as tightly as nickel. • The ultramafics at Hotinvaara are depleted in copper – possibly remobilised elsewhere in system. • Copper anomalism more widespread in the untested north and east o
Slide 23: Regional Trenching: Peak Cu vs Peak Ni
Regional Trenching: Peak Cu vs Peak Ni1 • Peak copper value is higher than peak nickel value in the majority of the historic trenches. • Highest absolute values for both copper and nickel found in trenches in the north of the project area. • As seen with the BOT, areas of high copper anomalism are o
Slide 24: Key Investment Takeaways
Key Investment Takeaways 1. SCALE AND PROSPECTIVITY 2. LOCATION - Unlocking the potential of a new nickel sulphide district where Europe needs it most. 3. COPPER – Find the sulphide traps, and find the copper? 418Mt Mineral Tier-1 jurisdiction with Dual exploration targets Resource Estimate for giga
Slide 25: Investor Enquiries
Level 12, 197 St Georges Terrace Investor Enquiries Perth, Western Australia 6000 Robert Wrixon Executive Director NORDICRESOURCES.COM E:info@nordicresources.com ACN 647 455 105 NORDICRESOURCES.COM