Interview with Todd Ross, MD & CEO of Nordic Nickel Ltd.
Our previous interview: https://www.cruxinvestor.com/posts/nordic-nickel-nnl-new-entrant-to-european-battery-metals-sector-2752
Recording date: 29th November 2023
Nordic Nickel is an ASX-listed nickel sulfide explorer with two district-scale projects in northern Finland. Managing Director and CEO Todd Ross provided an update on the company's progress over the past year.
Since November 2021, Nordic Nickel has kicked off its maiden exploration program at its 240km2 Pulju project. This project already hosts a nickel resource of 278,530 tons. The company drilled 15,000 meters in 28 holes this year, continuing to build on that resource base. The drilling continued to intersect disseminated nickel mineralization and the company aims to update its resource estimate by end-2023.
While focused on expanding the existing resource, Nordic Nickel is also searching for high-grade massive sulfide deposits on the property. Drill results this year included grades up to 4.6% over narrow intervals, indicating the system is nickel-rich with potential for accumulations. Structural interpretation of the significant geological dataset is now underway to identify targets for the next drill campaign in early 2024. The company is planning another 4,500 meters, subject to further financing.
The company's exploration success and location in mining-friendly Finland have attracted early interest from major mining companies like BHP. Nordic Nickel is also in discussions with European automakers looking to secure nickel supply in coming years. The company is working to tap into strong investor appetite in Europe for battery metals projects that can feed the energy transition.
While Finland has an established mining workforce, competition for talent during the winter drilling season is intense. Nordic Nickel has bolstered its team with several key hires in-country to support exploration. The company may also consider a future listing in Frankfurt or London to broaden its investor base.
In just 18 months, Nordic Nickel has executed significant drilling, built an experienced leadership team, and captured the attention of major industry players. With two district-scale projects in a top-tier mining jurisdiction, the company is positioned to create value from Northern Europe's energy transition over the long term. Securing additional financing in the coming months will be key to advancing its high-grade exploration efforts.
—
View Nordic Nickel's company profile: https://www.cruxinvestor.com/companies/nordic-nickel
Sign up for Crux Investor: https://cruxinvestor.com
What is Company Interviews?
An insight into junior mining and opportunities to invest.
Company Interviews, a Crux Investor show, exists to cut through the jargon, bias and bluster.
Matthew Gordon, and guest host Merlin Marr-Johnson hone in on the important factors that indicate a company's strong footing for growth and success.