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nIcKeL PReVIeW

Nordic readies to start

ordic Nickel Ltd print, Nordic was trad-
Nbrought a maid- first drill campaign ing just under its initial
en resource to the starting price of 30c/
market just over a share, valued at 27c/
month after listing but share.
managing director Todd Ross is already the main orebody. Ross said this was indicative of a sus-
thinking ahead to the next step at the “Of that resource we put out, about tained momentum of interest in the Pulju
company’s flagship Pulju nickel project in 81% sits less than 250m from surface,” he project.
Finland. said. “Within the original historical drilling, “It’s been really positive,” he said. “When
Nordic published the maiden 133.6mt there was some high-grade intersections the market started coming off early June
@ 0.21% nickel resource in early July us- as well. There was 1m @ 5% nickel, for when the RBA was lifting rates, we weren’t
ing data from shallow, historical drill core example, and that’s just clipping what we immune to that but we’ve been able to hold
taken from 51 holes. Ross is confident the think is sitting at depth at probably the up above our listing price.
company’s maiden drill programme, tar- 300-400m mark and that’s really the target “I think we had a couple of days where
geting higher grade nickel sulphides, will now for the drilling campaign.” we dipped below 25c…but we’ve had a
take Pulju to the next level. Pulju sits within Finland’s Central Lap- couple of days where we’ve been up to
“That [maiden resource] was all on the land Greenstone Belt, north of Helsinki. 30c. I think it’s really encouraging.”
near-surface disseminated nickel, it’s re- Nordic has compared the geology of the Ross has sought to keep himself busy
ally an indication of how rich the nickel sys- project to Anglo American plc’s nearby spruiking the Nordic story since joining
tem is in that region and economically, it’s 44mt Sakatti copper-nickel-PGE deposit. the bourse and his latest stop on the cam-
a potential operation in itself but it’s not re- Before Nordic begins its first drill cam- paign trail was a visit to Pulju itself. Nordic
ally what the endgame is,” Ross told Pay- paign, the company will undertake geo- plans to park a drill rig at Pulju for an ex-
dirt. “For us, the focus is obviously on the physical studies downhole EM on the tended amount of time to save the com-
deeper, massive sulphides at depth. That’s drillholes that are still open at the 95sq km pany from having to move the equipment
just a starting point.” project. on and off of the property as seasonal
The historical drill core went to average Nordic has only spent less than five weather changes.
depths of around 250m but Ross is looking months on the ASX since it listed in June Although many explorers in the northern
to go down at least 400m to get eyes on following a $12 million IPO. At the time of hemisphere plan their drilling around the

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