# NNL: New Project Acquired in Central Finland Gold District Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153737 Publisher: asx Original announcement: 2026-10-18T21:11:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-18T22:15:28.538Z Atlas analysis updated: 2026-10-18T22:15:28.538Z - Company: Nordic Resources Ltd - Ticker: NNL - Exchange: ASX - Region: central Finland - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Agreement transaction, Other, Resource update - Extracted: 2026-10-18 22:15:29 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Nordic Resources Ltd has acquired the Jukulainen gold project in central Finland's Middle Ostrobothnia Gold Belt, strategically expanding its gold portfolio. Initial rock chip samples from Jukulainen show high-grade gold assays up to 43.7 g/t Au, including visible gold, over an 80-meter strike length. The company plans to conduct further exploration, including drilling, to advance this early-stage project, which complements its existing 1.93 Moz AuEq resource base in the district. Reasoning: Nordic Resources has acquired the Jukulainen gold project, an early-stage asset in a key gold district, supported by high-grade historical surface samples and visible gold, aligning with the company's district-scale strategy. - Positive factor: New project acquisition - Positive factor: High-grade surface samples - Positive factor: Visible gold - Positive factor: Strategic location in known gold belt - Positive factor: District-scale strategy - Positive factor: Nearby processing optionality - Positive factor: QP/CP signed off on exploration results - Negative factor: Early-stage project - Negative factor: Surface samples only, no drilling - Negative factor: Historical sample data with unknown representativeness - Negative factor: No independent verification of historical samples Facts used in scoring: 72 ## Classification and evidence **New Project Acquisition** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The Company has acquired the Jukulainen gold project, located in the Middle Ostrobothnia Gold Belt \(MOGB\) of central Finland. Evidence · text > The Company has acquired the Jukulainen gold project, located in the Middle Ostrobothnia Gold Belt \(MOGB\) of central Finland **High-grade surface sample** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Rock chip samples from Jukulainen show visible gold in outcrop with assays up to 43.7g/t Au. Evidence · text > Rock chip samples from Jukulainen show visible gold in outcrop with assays up to 43.7g/t Au **Visible gold** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Rock chip samples from Jukulainen show visible gold in outcrop with assays up to 43.7g/t Au, see Figure 1. Evidence · text > Rock chip samples from Jukulainen show visible gold in outcrop with assays up to 43.7g/t Au, see Figure 1. **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: Jukulainen is located in central Finland in close proximity to NNL’s three existing advanced gold projects in the region. Evidence · text > Jukulainen is located in central Finland in close proximity to NNL’s three existing advanced gold projects in the region **QP/CP Signed** Polarity: positive Definition: 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 information in this announcement that relates to Jukulainen Exploration Results and Company’s MOBG Mineral Resources is based on information compiled by Dr Hannu Makkonen, a consultant to the Company. Evidence · text > The information in this announcement that relates to Jukulainen Exploration Results and Company’s MOBG Mineral Resources is based on information compiled by Dr Hannu Makkonen, a consultant to the Company. **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: Dr Makkonen has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\). Evidence · text > Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\). **Stale Data Re-release** Polarity: negative Story-specific tag Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: Data for seven samples have been sourced from the database of Geological Survey of Finland \(GTK\), four samples from the records of Timalfi Partners Ay \(Timalfi\), and fourteen samples from the records of Magnus Minerals Oy \(Magnus\). Evidence · text > Data for seven samples have been sourced from the database of Geological Survey of Finland \(GTK\), four samples from the records of Timalfi Partners Ay \(Timalfi\), and fourteen samples from the records of Magnus Minerals Oy \(Magnus\). **No QA/QC Disclosure** Polarity: negative Story-specific tag Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: Measures to ensure sample representativeness are unknown, but it is reasonable to assume the samples were mostly selected based on signs of mineralisation. Evidence · text > Measures to ensure sample representativeness are unknown, but it is reasonable to assume the samples were mostly selected based on signs of mineralisation. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Cutoff grade of 0.4g/t AuEq was applied for Kopsa and 0.5g/t Au was applied for the Angesneva and Hirsikangas resource estimates, for the mineralisation deemed potentially mineable by open pit methods. Evidence · text > Cutoff grade of 0.4g/t AuEq was applied for Kopsa and 0.5g/t Au was applied for the Angesneva and Hirsikangas resource estimates **Metal Equivalent Opaque** Polarity: negative Story-specific tag Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: AuEq figures for the Kopsa resource calculation and reporting were calculated using US$3,500/oz gold price, US$14,000/t copper price and US$60/oz silver price. Recovery factors of 88%, 89% and 79% applied for Au, Cu and Ag respectively based on 2026 Kopsa metallurgical results and as recommended by NNL’s consultant Mr Chris Martin. Evidence · text > AuEq figures for the Kopsa resource calculation and reporting were calculated using US$3,500/oz gold price, US$14,000/t copper price and US$60/oz silver price. Recovery factors of 88%, 89% and 79% applied for Au, Cu and Ag respectively based on 2026 Kopsa metallurgical results and as recommended by NNL’s consultant Mr Chris Martin. ## Extracted facts Stored fact records: 42. Some facts used in scoring do not have a stored record. ## Resource Estimates (42) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-30) Kopsa · gold #### 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 - Resource group id: resource:013d742c6203148ce188 #### Resource Data - Category: measured - Tonnes: 14150000 - Grade: 0.9 - Grade Unit: g/t - Contained Metal: 0.41 - Contained Unit: moz - Cutoff Grade: 0.4 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-10-12 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a significant Measured gold resource, indicating high geological confidence and supporting potential economic viability. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.90 Context: Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-31) Kopsa · copper #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a Measured copper resource, providing byproduct potential, though the grade is typical for a porphyry deposit. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.15 Context: Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-32) Kopsa · silver #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a Measured silver resource, contributing to the overall metal content and byproduct potential. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 2.34 Context: Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-33) Kopsa · gold #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a significant Measured gold equivalent resource, indicating high geological confidence and supporting potential economic viability. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque Evidence · table > 1.13 Context: Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-34) Kopsa · gold #### 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 - Resource group id: resource:850ee36e643da7f726de #### Resource Data - Category: indicated - Tonnes: 23090000 - Grade: 0.82 - Grade Unit: g/t - Contained Metal: 0.61 - Contained Unit: moz - Cutoff Grade: 0.4 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-10-12 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a substantial Indicated gold resource, providing reasonable geological confidence for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.82 Context: Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-35) Kopsa · copper #### 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 - 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 - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has an Indicated copper resource, contributing to the overall metal content and byproduct potential. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.16 Context: Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-36) Kopsa · silver #### 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 - Resource group id: resource:850ee36e643da7f726de #### Resource Data - Category: indicated - Tonnes: 23090000 - Grade: 2.41 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has an Indicated silver resource, contributing to the overall metal content and byproduct potential. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 2.41 Context: Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-37) Kopsa · gold #### 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 - Resource group id: resource:850ee36e643da7f726de #### Resource Data - Category: indicated - Tonnes: 23090000 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a substantial Indicated gold equivalent resource, providing reasonable geological confidence for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque Evidence · table > 1.06 Context: Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-38) Kopsa · gold #### 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 - Resource group id: resource:9f969540ebedbe3967db #### Resource Data - Category: inferred - Tonnes: 6790000 - Grade: 0.73 - Grade Unit: g/t - Contained Metal: 0.16 - Contained Unit: moz - Cutoff Grade: 0.4 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-10-12 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project includes an Inferred gold resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 0.73 Context: Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-39) Kopsa · copper #### 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 - 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 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project includes an Inferred copper resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 0.19 Context: Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-40) Kopsa · silver #### 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 - Resource group id: resource:9f969540ebedbe3967db #### Resource Data - Category: inferred - Tonnes: 6790000 - Grade: 2.96 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project includes an Inferred silver resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 2.96 Context: Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-41) Kopsa · gold #### 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 - Resource group id: resource:9f969540ebedbe3967db #### Resource Data - Category: inferred - Tonnes: 6790000 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project includes an Inferred gold equivalent resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque - Negative factor: Inferred Resource Evidence · table > 1.01 Context: Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-42) Kopsa · gold #### 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 - Resource group id: resource:eeabca568f10c1f26c60 #### Resource Data - Category: indicated - Tonnes: 44030000 - Grade: 0.83 - Grade Unit: g/t - Contained Metal: 1.18 - Contained Unit: moz - Cutoff Grade: 0.4 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-10-12 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a substantial total gold resource, with a significant portion in higher confidence categories, providing a strong foundation for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.83 Context: Kopsa Total #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-43) Kopsa · copper #### 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 - Resource group id: resource:eeabca568f10c1f26c60 #### Resource Data - Category: indicated - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a total copper resource, contributing to the overall metal content and byproduct potential. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.16 Context: Kopsa Total #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-44) Kopsa · silver #### 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 - Resource group id: resource:eeabca568f10c1f26c60 #### Resource Data - Category: indicated - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a total silver resource, contributing to the overall metal content and byproduct potential. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 2.47 Context: Kopsa Total #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-45) Kopsa · gold #### 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 - Resource group id: resource:eeabca568f10c1f26c60 #### Resource Data - Category: indicated - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Kopsa project has a substantial total gold equivalent resource, with a significant portion in higher confidence categories, providing a strong foundation for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque Evidence · table > 1.07 Context: Kopsa Total #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-46) Angesneva · gold #### 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 - Resource group id: resource:102947c5318db6273827 #### Resource Data - Category: indicated - Tonnes: 3850000 - Grade: 1.19 - Grade Unit: g/t - Contained Metal: 0.15 - Contained Unit: moz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-05-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Angesneva project has an Indicated gold resource, providing reasonable geological confidence for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 1.19 Context: Angesneva Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-47) Angesneva · gold #### 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 - 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: 2025-05-29 #### Metal Equivalent - Metal Eq. Grade: 1.19 - Metal Eq. Unit: g/t AuEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Angesneva project has an Indicated gold equivalent resource, providing reasonable geological confidence for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque Evidence · table > 1.19 Context: Angesneva Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-48) Angesneva · gold #### 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 - Resource group id: resource:102947c5318db6273827 #### Resource Data - Category: indicated - Tonnes: 3850000 - Grade: 1.19 - Grade Unit: g/t - Contained Metal: 0.15 - Contained Unit: moz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-05-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Angesneva project has a total Indicated gold resource, providing reasonable geological confidence for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 1.19 Context: Angesneva Total #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-49) Angesneva · gold #### 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 - 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: 2025-05-29 #### Metal Equivalent - Metal Eq. Grade: 1.19 - Metal Eq. Unit: g/t AuEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Angesneva project has a total Indicated gold equivalent resource, providing reasonable geological confidence for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque Evidence · table > 1.19 Context: Angesneva Total #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-50) Hirsikangas · gold #### 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 - Resource group id: resource:fc631793ccf737c70e3e #### Resource Data - Category: indicated - Tonnes: 2690000 - Grade: 1.17 - Grade Unit: g/t - Contained Metal: 0.1 - Contained Unit: moz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-07-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Hirsikangas project has an Indicated gold resource, providing reasonable geological confidence for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 1.17 Context: Hirsikangas Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-51) Hirsikangas · gold #### 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 - 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: 2025-07-14 #### Metal Equivalent - Metal Eq. Grade: 1.17 - Metal Eq. Unit: g/t AuEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Hirsikangas project has an Indicated gold equivalent resource, providing reasonable geological confidence for economic studies. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque Evidence · table > 1.17 Context: Hirsikangas Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-52) Hirsikangas · gold #### 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 - Resource group id: resource:e1e1fa8a867a46567b22 #### Resource Data - Category: inferred - Tonnes: 4600000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 0.16 - Contained Unit: moz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-07-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Hirsikangas project includes an Inferred gold resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 1.10 Context: Hirsikangas Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-53) Hirsikangas · gold #### 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 - 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: 2025-07-14 #### Metal Equivalent - Metal Eq. Grade: 1.1 - Metal Eq. Unit: g/t AuEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Hirsikangas project includes an Inferred gold equivalent resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque - Negative factor: Inferred Resource Evidence · table > 1.10 Context: Hirsikangas Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-54) Hirsikangas · gold #### 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 - Resource group id: resource:58ae2b72c5e9a2f65732 #### Resource Data - Category: inferred - Tonnes: 7290000 - Grade: 1.13 - Grade Unit: g/t - Contained Metal: 0.26 - Contained Unit: moz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-07-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Hirsikangas project has a total gold resource, with a significant portion in the Inferred category, indicating early-stage confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 1.13 Context: Hirsikangas Total #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-55) Hirsikangas · gold #### 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 - Resource group id: resource:58ae2b72c5e9a2f65732 #### Resource Data - Category: inferred - Tonnes: 7290000 - Contained Metal: 0.26 - Contained Unit: moz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-07-14 #### Metal Equivalent - Metal Eq. Grade: 1.13 - Metal Eq. Unit: g/t AuEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The Hirsikangas project has a total gold equivalent resource, with a significant portion in the Inferred category, indicating early-stage confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque - Negative factor: Inferred Resource Evidence · table > 1.13 Context: Hirsikangas Total #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-56) MOGB Gold Projects · gold #### 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 - Resource group id: resource:9f7800124f51fba7777f #### Resource Data - Category: measured - Tonnes: 14150000 - Grade: 0.9 - Grade Unit: g/t - Contained Metal: 0.41 - Contained Unit: moz - Cutoff Grade: 0.4 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-10-12 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a significant Measured gold resource, indicating high geological confidence across the district. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.90 Context: Combined Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-57) MOGB Gold Projects · copper #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a Measured copper resource, contributing to the overall metal content and byproduct potential. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.15 Context: Combined Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-58) MOGB Gold Projects · silver #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a Measured silver resource, contributing to the overall metal content and byproduct potential. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 2.34 Context: Combined Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-59) MOGB Gold Projects · gold #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a significant Measured gold equivalent resource, indicating high geological confidence across the district. - Positive factor: Measured Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque Evidence · table > 1.13 Context: Combined Measured Resources #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-60) MOGB Gold Projects · gold #### 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 - Resource group id: resource:5aed134e98f0f01bad5f #### Resource Data - Category: indicated - Tonnes: 29600000 - Grade: 0.9 - Grade Unit: g/t - Contained Metal: 0.86 - Contained Unit: moz - Cutoff Grade: 0.4 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-10-12 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a substantial Indicated gold resource, providing reasonable geological confidence across the district. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.90 Context: Combined Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-61) MOGB Gold Projects · copper #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have an Indicated copper resource, contributing to the overall metal content and byproduct potential. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 0.12 Context: Combined Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-62) MOGB Gold Projects · silver #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have an Indicated silver resource, contributing to the overall metal content and byproduct potential. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant Evidence · table > 1.88 Context: Combined Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-63) MOGB Gold Projects · gold #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a substantial Indicated gold equivalent resource, providing reasonable geological confidence across the district. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque Evidence · table > 1.09 Context: Combined Indicated Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-64) MOGB Gold Projects · gold #### 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 - Resource group id: resource:b6e65fdfb730f6eb411c #### Resource Data - Category: inferred - Tonnes: 11400000 - Grade: 0.88 - Grade Unit: g/t - Contained Metal: 0.32 - Contained Unit: moz - Cutoff Grade: 0.4 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-10-12 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects include an Inferred gold resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 0.88 Context: Combined Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-65) MOGB Gold Projects · copper #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects include an Inferred copper resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 0.11 Context: Combined Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-66) MOGB Gold Projects · silver #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects include an Inferred silver resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 1.77 Context: Combined Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-67) MOGB Gold Projects · gold #### 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 - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects include an Inferred gold equivalent resource, which is speculative and requires further drilling to improve confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque - Negative factor: Inferred Resource Evidence · table > 1.05 Context: Combined Inferred Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-68) MOGB Gold Projects · gold #### 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 - Resource group id: resource:bf6d7b84eca4b5b5d899 #### Resource Data - Category: inferred - Tonnes: 55200000 - Grade: 0.9 - Grade Unit: g/t - Contained Metal: 1.59 - Contained Unit: moz - Cutoff Grade: 0.4 - Cutoff Unit: g/t AuEq #### Prior Estimate - Resource Date: 2026-10-12 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a significant total gold resource, providing a district-scale inventory, though with a notable Inferred component. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 0.90 Context: Combined Project Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-69) MOGB Gold Projects · copper #### 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 - Resource group id: resource:bf6d7b84eca4b5b5d899 #### Resource Data - Category: inferred - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a total copper resource, contributing to the overall metal content and byproduct potential. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 0.13 Context: Combined Project Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-70) MOGB Gold Projects · silver #### 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 - Resource group id: resource:bf6d7b84eca4b5b5d899 #### Resource Data - Category: inferred - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a total silver resource, contributing to the overall metal content and byproduct potential. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource Evidence · table > 1.97 Context: Combined Project Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nnl-new-project-acquired-in-central-finland-gold-district--eca24a79-4b84-434e-bbaa-90516efce0bb#fact-resource-facts-71) MOGB Gold Projects · gold #### 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 - Resource group id: resource:bf6d7b84eca4b5b5d899 #### Resource Data - Category: inferred - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: The combined MOGB projects have a significant total gold equivalent resource, providing a district-scale inventory, though with a notable Inferred component. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Metal Equivalent Opaque - Negative factor: Inferred Resource Evidence · table > 1.09 Context: Combined Project Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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.