Nordic Resources Limited has revealed a significant update on its Finnish gold portfolio following the acquisition of three gold projects from Northgold AB. The company has validated critical exploration data at the Kiimala Trend project, where a near-surface, JORC (2012) compliant gold resource has been confirmed at the Angesneva deposit with 3.85 million tonnes averaging 1.19 g/t gold, equivalent to approximately 147,000 ounces. Detailed drill intersections at Angesneva include robust results such as 122.4 meters at 1.52 g/t gold, 79.8 meters at 1.85 g/t, and an impressive 73.7 meters that featured a high-grade 15.2-meter interval at 5.31 g/t gold. The new resource at Angesneva is integrated with the Kopsa project’s larger resource, which totals 23.15 million tonnes at an average grade of 0.85 g/t and a calculated gold equivalent of over 814,800 ounces. Together, these two projects now form a combined resource inventory of around 961,800 ounces gold equivalent, with 74% of this being classified in the higher confidence Measured and Indicated categories. The technical process employed in the resource estimation involved detailed 3D block modelling and Ordinary Kriging, using conservative cut-off grades and recovery factors based on current gold and copper prices, ensuring the robustness of the reported intercepts and overall tonnage. Nordic Resources anticipates beginning its first drilling program shortly after the proposed transaction receives shareholder approval and is expected to be completed on 4 June 2025. The upcoming program will target prospective structures adjacent to the current Angesneva resource and explore historical non-compliant areas at Vesipera to potentially bring them into JORC (2012) compliance. The enhanced portfolio of assets, which also includes the highly prospective Hirsikangas project, positions the company well to leverage regional infrastructure from nearby processing plants and ramp up exploration activities in a region historically known for its gold and base metal deposits. From an investor perspective, the news carries a bullish sentiment on multiple fronts. The significant near-term upside from a validated resource of nearly 1 million ounces gold equivalent, coupled with a high proportion of measured and indicated material, strengthens the asset base and raises the profile of the Finnish platform. The advanced stage of both Kiimala Trend and Kopsa projects, along with clear plans to expand testing at parallel structures, indicates a clear path for resource growth and potential operational synergy. On the bearish side, risks remain in the form of pending shareholder approval and the need to convert certain historical non-compliant or lower-confidence areas, such as Vesipera and parts of Hirsikangas, into fully compliant resources. Moreover, the complexity of the technical details and reliance on extensive geological validation means that further work will be required to fully realize the economic potential of the new assets, raising a note of caution as development progresses.