# Nordic Resources clears first Kopsa met hurdle with gold recoveries up to 90pc

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789

Original source: https://stockhead.com.au/resources/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc/

Publisher: stockhead

Original announcement: 2026-09-24T01:38:35.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Nordic Resources

- Ticker: NNL

- Exchange: Unavailable

- Region: Finland

- Primary commodity: Gold

- Secondary commodities: Copper, Silver

- Document categories: Metallurgy, Resource update

- Extracted: 2026-09-24 03:03:05 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Nordic Resources has reported successful metallurgical testwork at its Kopsa project in Finland, with gold recoveries reaching 90% and copper reaching 91%. The results demonstrate that a single conventional flowsheet can effectively process both stockwork and tonalite mineralisation types.

Reasoning: Strong metallurgical results \(up to 90% Au recovery\) provide significant de-risking ahead of a planned resource update.

- Positive factor: High gold and copper recoveries achieved via locked-cycle tests

- Positive factor: Single flowsheet successfully treats two distinct mineralisation types

- Positive factor: Gold identified as free-milling, reducing processing complexity

- Positive factor: Strong silver recovery reported for the first time

- Negative factor: Project still faces 'critical mass' issues regarding resource size for plant support

Facts used in scoring: 10

## Classification and evidence

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold recoveries reached 90% in locked-cycle tests, meeting the exceptional band for gold.

Evidence · text

> achieved overall recoveries of 90% gold, 91% copper and 76% silver from the stockwork master composite

**Free Milling**

Polarity: positive

Definition: Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Gold was explicitly described as free milling without requiring pre-oxidation.

Evidence · text

> Gold proved consistently free milling in the tested material, without requiring sulphide pre-oxidation

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document mentions an upcoming October resource update to incorporate new drilling.

Evidence · text

> Results will feed October resource update

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a flotation route \("flotation"\)

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: 2 distinct composites were tested

## Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

## Resource Estimates (2)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-resource-facts-8)

gold

#### Identity

- Commodity: gold
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1f405fa1a4bae3cacfbc

#### Resource Data

- Tonnes: 23200000
- Grade: 0.85
- Grade Unit: g/t
- Contained Metal: 814800
- Contained Unit: oz

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Current resource is stated as a baseline for the upcoming update.

- Negative factor: Resource size may be insufficient for plant support

Evidence · text

> current resource standing at 23.2Mt at 0.85g/t gold and 0.17% copper for 814,800oz AuEq

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

### Fact 2

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-resource-facts-9)

copper

#### Identity

- Commodity: copper
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1f405fa1a4bae3cacfbc

#### Resource Data

- Tonnes: 23200000
- Grade: 0.17
- Grade Unit: %

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Baseline copper grade for the current resource.

Evidence · text

> current resource standing at 23.2Mt at 0.85g/t gold and 0.17% copper

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

## Metallurgical Results (8)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-metallurgical-facts-0)

Kopsa · gold

#### Identity

- Project: Kopsa
- Commodity: gold
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Test Work

- Sample: stockwork master composite \(locked-cycle test\)

#### Recovery

- Recovery: 90 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: 90% recovery is an exceptional result for gold.

- Positive factor: High recovery in locked-cycle testing

Evidence · text

> achieved overall recoveries of 90% gold, 91% copper and 76% silver from the stockwork master composite

### Fact 2

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-metallurgical-facts-1)

Kopsa · copper

#### Identity

- Project: Kopsa
- Commodity: copper
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Test Work

- Sample: stockwork master composite \(locked-cycle test\)

#### Recovery

- Recovery: 91 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: 91% copper recovery is a strong result.

- Positive factor: High copper recovery

Evidence · text

> achieved overall recoveries of 90% gold, 91% copper and 76% silver from the stockwork master composite

### Fact 3

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-metallurgical-facts-2)

Kopsa · silver

#### Identity

- Project: Kopsa
- Commodity: silver
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Test Work

- Sample: stockwork master composite \(locked-cycle test\)

#### Recovery

- Recovery: 76 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Significant improvement in silver recovery reporting.

- Positive factor: Strong silver recovery for the first time

Evidence · text

> achieved overall recoveries of 90% gold, 91% copper and 76% silver from the stockwork master composite

### Fact 4

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-metallurgical-facts-3)

Kopsa · gold

#### Identity

- Project: Kopsa
- Commodity: gold
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Test Work

- Sample: tonalite master composite \(locked-cycle test\)

#### Recovery

- Recovery: 86 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Solid recovery for tonalite material.

- Positive factor: Consistent recovery across mineralisation types

Evidence · text

> The tonalite master composite returned 86% gold, 88% copper and 82% silver recovery.

### Fact 5

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-metallurgical-facts-4)

Kopsa · copper

#### Identity

- Project: Kopsa
- Commodity: copper
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Test Work

- Sample: tonalite master composite \(locked-cycle test\)

#### Recovery

- Recovery: 88 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Solid copper recovery for tonalite material.

- Positive factor: Consistent recovery across mineralisation types

Evidence · text

> The tonalite master composite returned 86% gold, 88% copper and 82% silver recovery.

### Fact 6

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-metallurgical-facts-5)

Kopsa · silver

#### Identity

- Project: Kopsa
- Commodity: silver
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Test Work

- Sample: tonalite master composite \(locked-cycle test\)

#### Recovery

- Recovery: 82 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Blue Coast Research

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: High silver recovery in tonalite.

- Positive factor: Strong silver recovery

Evidence · text

> The tonalite master composite returned 86% gold, 88% copper and 82% silver recovery.

### Fact 7

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-metallurgical-facts-6)

Kopsa · gold

#### Identity

- Project: Kopsa
- Commodity: gold
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Test Work

- Sample: stockwork material \(variability test\)

#### Recovery

- Recovery: 90 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Confirms consistency of recovery.

- Positive factor: High recovery even at lower grades

Evidence · text

> Variability tests averaged 90% gold recovery for stockwork material

### Fact 8

[Link to this fact](https://atlas-extractions.minestarters.com/news/nordic-resources-clears-first-kopsa-met-hurdle-with-gold-recoveries-up-to-90pc--ec4c0ae2-ada7-406a-a768-189fdd859789#fact-metallurgical-facts-7)

Kopsa · gold

#### Identity

- Project: Kopsa
- Commodity: gold
- Region: finland
- Reported Region: Finland
- Ticker: NNL

#### Test Work

- Sample: tonalite material \(variability test\)

#### Recovery

- Recovery: 88 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-24T00:00:00.000Z

Reasoning: Consistent recovery across material types.

- Positive factor: High recovery even at lower grades

Evidence · text

> and 88% for tonalite, demonstrating consistently high recoveries

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.