Lachlan Rutherford's Colleagues at Nordic Nickel Ltd
Lachlan Rutherford's Contact Details
Adelaide,South Australia,Australia
Nordic Nickel Ltd
Lachlan Rutherford's Company Details
Nordic Nickel is a nickel sulphide explorer which launched an $8 million Initial Public Offer (IPO) on 20 April, underpinned by an exciting portfolio of highly prospective nickel sulphide exploration assets in Finland's world-class Central Lapland Greenstone Belt.Nordic is seeking to raise a minimum of $8 million with scope to increase this to $12 million at $0.25 per share through an IPO led by Taylor Collison Limited and Vert Capital. ASX listing is scheduled for late May. Both of Nordic's key projects, Pulju and Maaninkijori 3, are located in northern Finland in the highly prospective Central Lapland Greenstone Belt. This world-class mineral belt hosts several Tier-1 deposits including Agnico-Eagle's 7.4Moz Kittilӓ gold mine, Boliden's 307Mt Kevitsa nickel-copper-gold open pit mine and Anglo American's high-grade 44Mt Sakatti copper-nickel-PGE underground development project.Nordic Nickel has secured a 395km2 reservation over the Pulju Project comprising exploration licence applications and a granted exploration licence over a vast greenstone belt. Based on historic drilling this area contains widespread nickel sulphide mineralization that includes a number of high nickel tenor massive sulphide veins within a district-scale land package which contains mafic-ultramafic lithologies analogous to Finland's world-class Sakatti deposit. Outokumpu drilled a total of 51 holes at Nordic's granted Hotinvaara exploration licence in the 1980s and 1990s targeting large-scale, shallow open pit deposits. This vast, high-quality database only became available in 2021. The historic drilling was mostly shallow with no down-hole geophysics ever undertaken – opening up a significant opportunity for deeper discoveries. At Hotinvaara, Nordic has commenced work on a maiden JORC compliant Mineral Resource Estimate (MRE) based on the historic drilling which is expected to provide a key piece of news-flow post-listing.