Dona Ferentes
cartograph eidètique
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Share-based Acquisition – Gold Assets of Northgold AB
Three gold projects in the Middle Ostrobothnia Gold Belt of Central Finland:
• Kopsa Gold-Copper Project, Kiimala Trend Gold Project, Hirsikangas Gold Project
- Kopsa shallow gold/copper deposit has more than doubled to 814,800oz AuEq @ 1.09g/t AuEq (incl Meas, Ind & Inf categories) in the past three years with only 6,623m drilled. Intersection highlights:
• 98.7m @ 3.90g/t Au and 0.19% Cu from 6.0m (NGKOP22001)
• 87.6m @ 3.31g/t Au and 0.26% Cu from 12.9m (BELKOPDD043)
• 54.5m @ 2.49g/t Au and 0.18% Cu from 19.0m (BELKOPDD102)
• 20.3m @ 4.61g/t Au and 0.36% Cu from 32.0m (BELKOPDD065)
- Drill Plan: 4,500m in 2025 for shallow resource expansion plus deeper growth targets at Kopsa.
- Limited deeper drilling - geology & geophysics suggest Kopsa may be the surface expression of a larger intrusion-related Cu-Au system. Targets at depth offer significant additional gold/copper potential.
- Conditional mining licence granted, high-grade core, near surface geometry (90% of resource lies between 0-150m below surface) and nearby toll-treating options mean Kopsa has near-term production potential.
- Exploration and JV discussions will continue at the Company’s Pulju Ni-Cu sulphide project.
Other Projects: Kiimala Trend Gold Project
• The northwest-trending Kiimala shear zone is one of the main structures of the Raahe-Ladoga suture zone.
• This crustal scale structure and the related second level shear zones have been important in controlling the mineralised bodies in the Kiimala region.
• The structure hosts 11 currently known gold occurrences, and the Aittoneva base metal occurrence, along 20km strike length.
• Historic, non-JORC (2012) compliant resources exist at Ängesneva and Vesiperä prospects. The Company is working as swiftly as possible to validate the entire Kiimala Trend drilling database and potentially validate the historic resources.
• The Company will report to market on this work as soon as it is completed.
Summary Acquisition Terms:
• Consideration: 70M shares in NNL plus SEK2M cash (approximately AUD330k)
• Total Value: AUD4.53M @ NNL share price of A$0.06 (the recent NNL capital raise price)
• Acquisition Value Metric: A$5.56/ resource oz AuEq (based on Kopsa alone)
Share-based Acquisition – Gold Assets of Northgold AB
Three gold projects in the Middle Ostrobothnia Gold Belt of Central Finland:
• Kopsa Gold-Copper Project, Kiimala Trend Gold Project, Hirsikangas Gold Project
- Kopsa shallow gold/copper deposit has more than doubled to 814,800oz AuEq @ 1.09g/t AuEq (incl Meas, Ind & Inf categories) in the past three years with only 6,623m drilled. Intersection highlights:
• 98.7m @ 3.90g/t Au and 0.19% Cu from 6.0m (NGKOP22001)
• 87.6m @ 3.31g/t Au and 0.26% Cu from 12.9m (BELKOPDD043)
• 54.5m @ 2.49g/t Au and 0.18% Cu from 19.0m (BELKOPDD102)
• 20.3m @ 4.61g/t Au and 0.36% Cu from 32.0m (BELKOPDD065)
- Drill Plan: 4,500m in 2025 for shallow resource expansion plus deeper growth targets at Kopsa.
- Limited deeper drilling - geology & geophysics suggest Kopsa may be the surface expression of a larger intrusion-related Cu-Au system. Targets at depth offer significant additional gold/copper potential.
- Conditional mining licence granted, high-grade core, near surface geometry (90% of resource lies between 0-150m below surface) and nearby toll-treating options mean Kopsa has near-term production potential.
- Exploration and JV discussions will continue at the Company’s Pulju Ni-Cu sulphide project.
Other Projects: Kiimala Trend Gold Project
• The northwest-trending Kiimala shear zone is one of the main structures of the Raahe-Ladoga suture zone.
• This crustal scale structure and the related second level shear zones have been important in controlling the mineralised bodies in the Kiimala region.
• The structure hosts 11 currently known gold occurrences, and the Aittoneva base metal occurrence, along 20km strike length.
• Historic, non-JORC (2012) compliant resources exist at Ängesneva and Vesiperä prospects. The Company is working as swiftly as possible to validate the entire Kiimala Trend drilling database and potentially validate the historic resources.
• The Company will report to market on this work as soon as it is completed.
Summary Acquisition Terms:
• Consideration: 70M shares in NNL plus SEK2M cash (approximately AUD330k)
• Total Value: AUD4.53M @ NNL share price of A$0.06 (the recent NNL capital raise price)
• Acquisition Value Metric: A$5.56/ resource oz AuEq (based on Kopsa alone)
