- Nordic Nickel (NNL) has been selected by BHP to participate in its inaugural Xplor program, receiving a one-off grant of US$500,000 (A$717,160) with other benefits
- The program will help the company advance its exploration plans at its flagship Pulju nickel project in northern Finland
- The company intends to use this additional grant during its recently commenced 2023 drill program to fund a number of deeper holes to test known targets
- Shares in Nordic are up 5.56 per cent, trading at 28.5 cents at 3:35 pm AEDT
Nordic Nickel (NNL) has been selected to participate in the inaugural BHP Xplor program, which will help it advance exploration plans at its Pulju nickel project in northern Finland.
BHP Xplor provides candidates with a one-off, non-dilutive grant of US$500,000 (A$717,160) together with in-kind services, mentorship, and networking opportunities
with industry and investors.
The company intends to use this additional grant during its recently commenced 2023 drill program to fund a number of deeper holes to test the known electromagnetic targets.
The targets to be tested appeared near the base of the ultramafic cumulate layer at the Hotinvaara nickel prospect, for “Sakatti-style” massive sulphide accumulations.
“This validates the quality and potential of our flagship Pulju nickel project in northern Finland, where we are targeting the potential for tier-one nickel discoveries in an under-explored greenstone belt with proven geological potential for large-scale critical mineral deposits,” Nordic Managing Director Todd Ross said.
“The non-dilutive funding provided by BHP, together with the ability to access their world-class networks and expertise, will put Nordic Nickel in an exceptional position to unlock the full potential of this asset over the next 12 months and beyond.”
The company confirmed there are no obligations or commitments on Nordic Nickel beyond the conclusion of the Xplor Program.
Shares in Nordic were up 5.56 per cent, trading at 28.5 cents as of 3:35 pm AEDT.