Highly Prospective Exploration Licence Granted at Pulju Nickel Project, Finland

Nickel sulphide explorer Nordic Nickel Limited (ASX: NNL; Nordic, or the Company) is pleased to advise that a highly prospective new Exploration Licence (EL) at its flagship 100%-owned Pulju Project in Northern Finland (Pulju, or the Project) has now been granted.

• The Holtinvaara Exploration Licence (EL) at the Pulju Project, which covers a total area of 15km2, has been granted without objection.
• The newly-granted EL lies ~5km north-east of the 5km2 Hotinvaara EL, which has been the focus of Nordic’s maiden drilling program and hosts the current Mineral Resource of 133.8Mt at 0.21% Ni and 0.01% Co1.
• The Holtinvaara EL encompasses a continuation of the highly prospective ultramafic lithologies associated with the Mertavaara formation.
• The Mertavaara ultramafics are known to host disseminated nickel sulphide mineralisation throughout the Pulju Belt2.
• Prospective ultramafics within the new EL coincide with prominent magnetic features identified by a high-resolution UAV magnetic geophysical survey3.
• The grant of the Holtinvaara EL substantially expands the discovery potential at Pulju, opening up an exciting new opportunity to further unlock the district-scale potential of the broader project area.

Pulju is located in the Central Lapland Greenstone Belt (CLGB) of Finland; 50km north of Kittilä, with access to world-class infrastructure, grid power, a national highway, an international airport and, most importantly, Europe’s only two nickel smelters.

The newly granted EL, known as Holtinvaara, is highly prospective for nickel sulphide mineralisation and is three times the size of the Hotinvaara Prospect, which has been the focus of Nordic’s maiden exploration program and the Company’s resource development activities to date.

The new EL, which is shown in Figures 1 & 2, encompasses approximately 15km2 of exploration tenure and contains a continuation of the prospective Mertavaara Formation, which hosts the same mineralised ultramafic packages observed at Hotinvaara and across the CLGB.

This mapped continuation of the ultramafic packages within the Mertavaara Formation at Holtinvaara, is also coincident with a prominent magnetic feature/anomaly measuring approximately 2.5km x 1.9km (target “P5” in Figure 1). The P5 anomaly has similarities to the main magnetic anomaly that the Company has been drilling at Hotinvaara. Nordic is encouraged by the scale of the P5 anomaly and its potential to host both substantial accumulations of disseminated nickel sulphides and discrete, high-grade, massive sulphide lenses.

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