NNL: Kopsa Resource Jumps to 1.52Moz AuEq
Original announcement by asx on
- Company
- Nordic Resources Ltd
- Ticker
- NNL
- Exchange
- ASX
- Region
- Central Finland
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Resource update
- Extracted
- 2026-10-11 22:32:01 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Nordic Resources Ltd announced an interim Mineral Resource Estimate update for its Kopsa gold-copper-silver deposit in Central Finland, increasing the pit-constrained JORC (2012) compliant resource by 86% to 1.52 Moz AuEq. The updated estimate incorporates 9,631m of new drilling and reports 86% of the total AuEq ounces in the higher-confidence Measured and Indicated categories. The company's total district resources now stand at 1.93 Moz AuEq, with a mining license conditionally granted for Kopsa.
Reasoning: The Kopsa MRE increased by 86% to 1.52 Moz AuEq, with 86% of ounces in Measured and Indicated categories, indicating significant growth and de-risking for the project.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- Category Upgrade
- QP/CP Signed
- JORC Compliant
- Pit-Constrained
- Low Strip Ratio
- High M&I Percentage
- Metal Equivalent Assumptions Disclosed
- No Deleterious Elements
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 28
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The Kopsa MRE increased by 86% in tonnage.
Evidence · text
“Kopsa MRE increasing by 86%”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The Kopsa MRE increased to 1.52 Moz AuEq, representing significant contained metal growth.
Evidence · text
“1.52Moz AuEq”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: 86% of the total AuEq ounces report to Measured and Indicated resource categories, indicating high confidence.
Evidence · text
“86% of the total AuEq ounces report to Measured and Indicated resource categories.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The announcement includes Competent Persons’ Statements by Dr Hannu Makkonen and Mr Chris Martin.
Evidence · text
“Competent Persons’ Statements”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated as JORC (2012) compliant.
Evidence · text
“JORC (2012) compliant resource”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The resource includes a Measured category of 14.15 Mt.
Evidence · table
“Measured Resources”
Context: 14.15
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource includes an Indicated category of 23.09 Mt.
Evidence · table
“Indicated Resources”
Context: 23.09
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document is an 'INTERIM MRE LIFTS KOPSA' announcement, indicating an update to an existing resource.
Evidence · text
“INTERIM MRE LIFTS KOPSA”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The company states that Kopsa is expected to advance to a Scoping Study.
Evidence · text
“Kopsa is expected to advance to a Scoping Study”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource is reported using a cutoff grade of 0.4g/t AuEq.
Evidence · text
“using a cutoff grade of 0.4g/t AuEq”
Extracted facts
Stored fact records: 28. Some facts used in scoring do not have a stored record.
Resource Estimates (28)
measuredKopsa · goldTonnes: 14150000Contained Metal: 0.51Contained Unit: mozView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:013d742c6203148ce188
Resource Data
- Category
- measured
- Tonnes
- 14150000
- Contained Metal
- 0.51
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.13
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Measured resource of 14.15 Mt at 1.13 g/t AuEq contributes to high confidence in the updated estimate.
Positive factors
- High Confidence Category
- Significant Contribution to Resource
Evidence · table
“1.13”
Context: 14.15
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredKopsa · copperTonnes: 14150000Grade: 0.15Grade Unit: %Contained Metal: 22Contained Unit: ktView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- copper
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:013d742c6203148ce188
Resource Data
- Category
- measured
- Tonnes
- 14150000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 22
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Measured resource of 14.15 Mt at 0.15% Cu contributes to high confidence in the updated estimate.
Positive factors
- High Confidence Category
- Significant Contribution to Resource
Evidence · table
“0.15”
Context: 14.15
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredKopsa · silverTonnes: 14150000Grade: 2.34Grade Unit: g/tContained Metal: 1.06Contained Unit: mozView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- silver
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:013d742c6203148ce188
Resource Data
- Category
- measured
- Tonnes
- 14150000
- Grade
- 2.34
- Grade Unit
- g/t
- Contained Metal
- 1.06
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Measured resource of 14.15 Mt at 2.34 g/t Ag contributes to high confidence in the updated estimate.
Positive factors
- High Confidence Category
- Significant Contribution to Resource
Evidence · table
“2.34”
Context: 14.15
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedKopsa · goldTonnes: 23090000Grade: 0.61Grade Unit: mozContained Metal: 0.79Contained Unit: mozView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:850ee36e643da7f726de
Resource Data
- Category
- indicated
- Tonnes
- 23090000
- Grade
- 0.61
- Grade Unit
- moz
- Contained Metal
- 0.79
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.06
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Indicated resource of 23.09 Mt at 1.06 g/t AuEq contributes significantly to the updated estimate.
Positive factors
- High Confidence Category
- Significant Contribution to Resource
Evidence · table
“0.61”
Context: 23.09
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedKopsa · copperTonnes: 23090000Grade: 0.16Grade Unit: %Contained Metal: 37Contained Unit: ktView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- copper
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:850ee36e643da7f726de
Resource Data
- Category
- indicated
- Tonnes
- 23090000
- Grade
- 0.16
- Grade Unit
- %
- Contained Metal
- 37
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.06
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Indicated resource of 23.09 Mt at 0.16% Cu contributes significantly to the updated estimate.
Positive factors
- High Confidence Category
- Significant Contribution to Resource
Evidence · table
“0.16”
Context: 23.09
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedKopsa · silverTonnes: 23090000Grade: 1.79Grade Unit: mozContained Metal: 1.79Contained Unit: mozView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- silver
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:850ee36e643da7f726de
Resource Data
- Category
- indicated
- Tonnes
- 23090000
- Grade
- 1.79
- Grade Unit
- moz
- Contained Metal
- 1.79
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.06
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Indicated resource of 23.09 Mt at 2.41 g/t Ag contributes significantly to the updated estimate.
Positive factors
- High Confidence Category
- Significant Contribution to Resource
Evidence · table
“1.79”
Context: 23.09
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredKopsa · goldTonnes: 6790000Grade: 0.16Grade Unit: mozContained Metal: 0.22Contained Unit: mozView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:9f969540ebedbe3967db
Resource Data
- Category
- inferred
- Tonnes
- 6790000
- Grade
- 0.16
- Grade Unit
- moz
- Contained Metal
- 0.22
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.01
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Inferred resource of 6.79 Mt at 1.01 g/t AuEq adds to the overall resource base.
Positive factors
- Contribution to Overall Resource
Evidence · table
“0.16”
Context: 6.79
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredKopsa · copperTonnes: 6790000Grade: 0.19Grade Unit: %Contained Metal: 13Contained Unit: ktView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- copper
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:9f969540ebedbe3967db
Resource Data
- Category
- inferred
- Tonnes
- 6790000
- Grade
- 0.19
- Grade Unit
- %
- Contained Metal
- 13
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
- Prior Tonnes
- 6750000
- Prior Grade
- 0.19
- Prior Contained Metal
- 13
Metal Equivalent
- Metal Eq. Grade
- 1.01
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Inferred resource of 6.79 Mt at 0.19% Cu, consistent with prior estimates, adds to the overall resource base.
Positive factors
- Contribution to Overall Resource
Evidence · table
“0.19”
Context: 6.79
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 13 from 13
inferredKopsa · silverTonnes: 6790000Grade: 0.65Grade Unit: mozContained Metal: 0.65Contained Unit: mozView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- silver
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:9f969540ebedbe3967db
Resource Data
- Category
- inferred
- Tonnes
- 6790000
- Grade
- 0.65
- Grade Unit
- moz
- Contained Metal
- 0.65
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.01
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Inferred resource of 6.79 Mt at 2.96 g/t Ag adds to the overall resource base.
Positive factors
- Contribution to Overall Resource
Evidence · table
“0.65”
Context: 6.79
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 10Kopsa · goldTonnes: 44030000Contained Metal: 1.52Contained Unit: mozView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:77141e0fe7f5d2b26b88
Resource Data
- Tonnes
- 44030000
- Contained Metal
- 1.52
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.07
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Total Kopsa resource of 44.03 Mt at 1.07 g/t AuEq represents significant growth and high confidence.
Positive factors
- Significant Tonnage Growth
- High Confidence Categories
Evidence · table
“1.07”
Context: 44.03
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 11Kopsa · copperTonnes: 44030000Grade: 0.16Grade Unit: %Contained Metal: 71Contained Unit: ktView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- copper
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:77141e0fe7f5d2b26b88
Resource Data
- Tonnes
- 44030000
- Grade
- 0.16
- Grade Unit
- %
- Contained Metal
- 71
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Total Kopsa resource of 44.03 Mt at 0.16% Cu represents significant growth and high confidence.
Positive factors
- Significant Tonnage Growth
- High Confidence Categories
Evidence · table
“0.16”
Context: 44.03
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 12Kopsa · silverTonnes: 44030000Grade: 2.47Grade Unit: g/tContained Metal: 3.5Contained Unit: mozView all detailsHide details
Identity
- Project
- Kopsa
- Commodity
- silver
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:77141e0fe7f5d2b26b88
Resource Data
- Tonnes
- 44030000
- Grade
- 2.47
- Grade Unit
- g/t
- Contained Metal
- 3.5
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Total Kopsa resource of 44.03 Mt at 2.47 g/t Ag represents significant growth and high confidence.
Positive factors
- Significant Tonnage Growth
- High Confidence Categories
Evidence · table
“2.47”
Context: 44.03
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedAngesneva · goldTonnes: 3850000Contained Metal: 0.15Contained Unit: mozView all detailsHide details
Identity
- Project
- Angesneva
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:102947c5318db6273827
Resource Data
- Category
- indicated
- Tonnes
- 3850000
- Contained Metal
- 0.15
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.19
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Angesneva Indicated resource of 3.85 Mt at 1.19 g/t AuEq contributes to the overall district resource inventory.
Positive factors
- Contribution to District Resource
Evidence · table
“1.19”
Context: 3.85
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedHirsikangas · goldTonnes: 2690000Contained Metal: 0.1Contained Unit: mozView all detailsHide details
Identity
- Project
- Hirsikangas
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:fc631793ccf737c70e3e
Resource Data
- Category
- indicated
- Tonnes
- 2690000
- Contained Metal
- 0.1
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.17
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Hirsikangas Indicated resource of 2.69 Mt at 1.17 g/t AuEq contributes to the overall district resource inventory.
Positive factors
- Contribution to District Resource
Evidence · table
“1.17”
Context: 2.69
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredHirsikangas · goldTonnes: 4600000Contained Metal: 0.16Contained Unit: mozView all detailsHide details
Identity
- Project
- Hirsikangas
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:e1e1fa8a867a46567b22
Resource Data
- Category
- inferred
- Tonnes
- 4600000
- Contained Metal
- 0.16
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.1
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Hirsikangas Inferred resource of 4.60 Mt at 1.10 g/t AuEq contributes to the overall district resource inventory.
Positive factors
- Contribution to District Resource
Evidence · table
“1.10”
Context: 4.60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 16Hirsikangas · goldTonnes: 7290000Contained Metal: 0.26Contained Unit: mozView all detailsHide details
Identity
- Project
- Hirsikangas
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:f9ea826d5d07db7cfd79
Resource Data
- Tonnes
- 7290000
- Contained Metal
- 0.26
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.13
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Total Hirsikangas resource of 7.29 Mt at 1.13 g/t AuEq contributes to the overall district resource inventory.
Positive factors
- Contribution to District Resource
Evidence · table
“1.13”
Context: 7.29
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredMOGB Gold Projects · goldTonnes: 14150000Contained Metal: 0.51Contained Unit: mozView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:9f7800124f51fba7777f
Resource Data
- Category
- measured
- Tonnes
- 14150000
- Contained Metal
- 0.51
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.13
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined Measured resource of 14.15 Mt at 1.13 g/t AuEq provides high confidence for the overall district resource.
Positive factors
- High Confidence Category
- Significant Contribution to Overall Resource
Evidence · table
“1.13”
Context: 14.15
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredMOGB Gold Projects · copperTonnes: 14150000Grade: 0.15Grade Unit: %Contained Metal: 22Contained Unit: ktView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- copper
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:9f7800124f51fba7777f
Resource Data
- Category
- measured
- Tonnes
- 14150000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 22
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined Measured resource of 14.15 Mt at 0.15% Cu provides high confidence for the overall district resource.
Positive factors
- High Confidence Category
- Significant Contribution to Overall Resource
Evidence · table
“0.15”
Context: 14.15
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredMOGB Gold Projects · silverTonnes: 14150000Grade: 2.34Grade Unit: g/tContained Metal: 1.06Contained Unit: mozView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- silver
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:9f7800124f51fba7777f
Resource Data
- Category
- measured
- Tonnes
- 14150000
- Grade
- 2.34
- Grade Unit
- g/t
- Contained Metal
- 1.06
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined Measured resource of 14.15 Mt at 2.34 g/t Ag provides high confidence for the overall district resource.
Positive factors
- High Confidence Category
- Significant Contribution to Overall Resource
Evidence · table
“2.34”
Context: 14.15
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMOGB Gold Projects · goldTonnes: 29600000Contained Metal: 1.03Contained Unit: mozView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:5aed134e98f0f01bad5f
Resource Data
- Category
- indicated
- Tonnes
- 29600000
- Contained Metal
- 1.03
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.09
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined Indicated resource of 29.60 Mt at 1.09 g/t AuEq provides high confidence for the overall district resource.
Positive factors
- High Confidence Category
- Significant Contribution to Overall Resource
Evidence · table
“1.09”
Context: 29.60
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMOGB Gold Projects · copperTonnes: 29600000Grade: 0.12Grade Unit: %Contained Metal: 37Contained Unit: ktView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- copper
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:5aed134e98f0f01bad5f
Resource Data
- Category
- indicated
- Tonnes
- 29600000
- Grade
- 0.12
- Grade Unit
- %
- Contained Metal
- 37
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined Indicated resource of 29.60 Mt at 0.12% Cu provides high confidence for the overall district resource.
Positive factors
- High Confidence Category
- Significant Contribution to Overall Resource
Evidence · table
“0.12”
Context: 29.60
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMOGB Gold Projects · silverTonnes: 29600000Grade: 1.88Grade Unit: g/tContained Metal: 1.79Contained Unit: mozView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- silver
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:5aed134e98f0f01bad5f
Resource Data
- Category
- indicated
- Tonnes
- 29600000
- Grade
- 1.88
- Grade Unit
- g/t
- Contained Metal
- 1.79
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined Indicated resource of 29.60 Mt at 1.88 g/t Ag provides high confidence for the overall district resource.
Positive factors
- High Confidence Category
- Significant Contribution to Overall Resource
Evidence · table
“1.88”
Context: 29.60
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMOGB Gold Projects · goldTonnes: 11400000Contained Metal: 0.38Contained Unit: mozView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:b6e65fdfb730f6eb411c
Resource Data
- Category
- inferred
- Tonnes
- 11400000
- Contained Metal
- 0.38
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.05
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined Inferred resource of 11.40 Mt at 1.05 g/t AuEq adds to the overall district resource base.
Positive factors
- Contribution to Overall Resource
Evidence · table
“1.05”
Context: 11.40
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMOGB Gold Projects · copperTonnes: 11400000Grade: 0.11Grade Unit: %Contained Metal: 13Contained Unit: ktView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- copper
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:b6e65fdfb730f6eb411c
Resource Data
- Category
- inferred
- Tonnes
- 11400000
- Grade
- 0.11
- Grade Unit
- %
- Contained Metal
- 13
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined Inferred resource of 11.40 Mt at 0.11% Cu adds to the overall district resource base.
Positive factors
- Contribution to Overall Resource
Evidence · table
“0.11”
Context: 11.40
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMOGB Gold Projects · silverTonnes: 11400000Grade: 1.77Grade Unit: g/tContained Metal: 0.65Contained Unit: mozView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- silver
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:b6e65fdfb730f6eb411c
Resource Data
- Category
- inferred
- Tonnes
- 11400000
- Grade
- 1.77
- Grade Unit
- g/t
- Contained Metal
- 0.65
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined Inferred resource of 11.40 Mt at 1.77 g/t Ag adds to the overall district resource base.
Positive factors
- Contribution to Overall Resource
Evidence · table
“1.77”
Context: 11.40
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 26MOGB Gold Projects · goldTonnes: 55200000Contained Metal: 1.93Contained Unit: mozView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- gold
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:b147f1a8bcd2fc74633e
Resource Data
- Tonnes
- 55200000
- Contained Metal
- 1.93
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Metal Eq. Grade
- 1.09
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined total resource of 55.2 Mt at 1.09 g/t AuEq represents significant growth and high confidence for the district.
Positive factors
- Significant Tonnage Growth
- High Confidence Categories
Evidence · table
“1.09”
Context: 55.2
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 27MOGB Gold Projects · copperTonnes: 55200000Grade: 0.13Grade Unit: %Contained Metal: 71Contained Unit: ktView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- copper
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:b147f1a8bcd2fc74633e
Resource Data
- Tonnes
- 55200000
- Grade
- 0.13
- Grade Unit
- %
- Contained Metal
- 71
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined total resource of 55.2 Mt at 0.13% Cu represents significant growth and high confidence for the district.
Positive factors
- Significant Tonnage Growth
- High Confidence Categories
Evidence · table
“0.13”
Context: 55.2
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 28MOGB Gold Projects · silverTonnes: 55200000Grade: 1.97Grade Unit: g/tContained Metal: 3.5Contained Unit: mozView all detailsHide details
Identity
- Project
- MOGB Gold Projects
- Commodity
- silver
- Region
- finland
- Reported Region
- Central Finland
- Ticker
- NNL
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Hannu Makkonen, Mr Chris Martin
- Resource group id
- resource:b147f1a8bcd2fc74633e
Resource Data
- Tonnes
- 55200000
- Grade
- 1.97
- Grade Unit
- g/t
- Contained Metal
- 3.5
- Contained Unit
- moz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2026-10-12
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory
Location
- CRS
- ETRS-TM35FIN
- EPSG
- 3067
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: Combined total resource of 55.2 Mt at 1.97 g/t Ag represents significant growth and high confidence for the district.
Positive factors
- Significant Tonnage Growth
- High Confidence Categories
Evidence · table
“1.97”
Context: 55.2
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.