Business · Energy & Commodities · 3 hrs ago
Nordic lifts Kopsa gold-equivalent resource by 86% to 1.52 million ounces
Nordic Resources has increased its estimated resource at the Kopsa deposit in central Finland by 86%, to 1.52 million ounces of gold equivalent.
The estimate includes gold, copper and silver, and marks the first time silver was included in Kopsa’s resource calculation.
About 86% of the estimated gold-equivalent ounces are classified as measured or indicated, categories that provide greater confidence in the estimate.
Kopsa is one of three deposits in Finland’s Middle Ostrobothnia Gold Belt, where the company’s combined resource estimate is now 1.93 million ounces of gold equivalent.
The company says Kopsa remains open in most directions and at depth, meaning further drilling could identify more mineralisation.
A 12,000-metre drilling campaign is underway, including about 8,500 metres at Kopsa to expand the resource and improve confidence in it.
Nordic also plans further exploration at nearby prospects, while two existing processing plants are potential options for Kopsa, though no development decision is stated.
Nordic Resources raised the Kopsa project’s gold-equivalent resource by 86% to 1.52 million ounces.
The pit-constrained resource contains 44.03 million tonnes at 1.07 grams per tonne gold equivalent.
Gold accounts for 1.18 million ounces, and 86% of the gold-equivalent ounces are in measured or indicated categories.
The estimate includes silver for the first time and incorporates 9,631 metres of drilling completed through the end of July 2026.
A 12,000-metre drilling campaign is underway, including about 8,500 metres at Kopsa.
- Who
- Nordic Resources, an Australian-listed company.
- What
- It increased Kopsa’s gold-equivalent resource by 86% to 1.52 million ounces.
- When
- The update was published on October 12, 2026. The estimate incorporates drilling completed through the end of July 2026.
- Where
- The Kopsa project in central Finland’s Middle Ostrobothnia Gold Belt.
- Why
- The estimate incorporates recent drilling and includes silver in the resource for the first time.
This story does not have two clearly opposing sides.
Kopsa is evolving rapidly into a high-quality resource of significant scale, and the company sees significant potential for that growth trajectory to continue
With drilling having re-started across the deposit, this interim update provides an important milestone that captures the extraordinary success achieved by the company’s recent exploration efforts
The company is firmly of the view that the Middle Ostrobothnia Gold Belt of central Finland is underexplored and underdrilled
Nordic reported results from the Angesneva and Vesipera prospects, where gold mineralisation continued beyond the limits of prior drilling.
The Kopsa resource estimate incorporated 9,631 metres of drilling completed by this point.
Stockhead reported Nordic’s 86% increase in Kopsa’s gold-equivalent resource.
- Kopsa resource
- 1.52 million ounces AuEq, up 86%
- Contained gold
- 1.18 million ounces
- Resource size and grade
- 44.03 million tonnes at 1.07g/t AuEq
- Measured or indicated share
- 86% of AuEq ounces
- Drilling campaign
- 12,000 metres planned, including about 8,500 metres at Kopsa
Sources
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