The Company has secured rights over a 425km2 district scale land package of previously explored and highly prospective nickel sulphide tenements in the Central Lapland Greenstone Belt of Finland. Finland is one of the first countries in Europe to develop a National Battery Strategy which recognises the country’s unique position across the full value chain in critical minerals and encourages development in the country.
The Company’s flagship Pulju Project contains widespread nickel sulphide mineralisation in a region known to host world class nickel sulphide deposits. Previous drilling undertaken by Outokumpu (1982-1998) was shallow and focussed on near surface disseminated nickel. Nordic Nickel obtained access to the historic database and core of 51 holes drilled at the Pulju Project in 2021 and has undertaken initial geophysical surveys using Borehole Electromagnetic (EM) surveys and Fixed Loop EM with early indications showing strong conductors typically associated with massive sulphide mineralisation at depth.
In addition to the Pulju Project, Nordic Nickel has negotiated an earn-in agreement to acquire up to 75% of the Maaninkijoki 3 Project (MJ3 Project) over two stages. The MJ3 Project is located 10km east of the world class Sakatti Ni-CuCo-PGM deposit and is prospective for similar intrusive hosted or komatiite hosted magmatic nickel sulphides. Magnetic surveys at Maaninkijoki indicate interesting anomalism within the MJ3 tenement area and early-stage base of till sampling contained the highest copper and nickel anomalies across the Maaninkijoki group of tenements.
It is anticipated that NNL will list on the ASX during May 2022.
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