Nickel sulphide explorer Nordic Nickel Limited reported initial results from a substantially completed Down-Hole Electromagnetic (DHEM) survey at its flagship, 100%-owned Pulju Nickel Project in Northern Finland (Pulju, or the Project). DHEM data provides an image of the sub-surface lithologies which are conductive, including precise depths to the conductors. This information will be further utilised in refining the existing electromagnetic (EM) models and planning additional ground-based EM surveys.

Ground-based EM conductor models are more efficient at showing the lateral extent of individual conductors. In combination, an accurate picture of conductive areas can be mapped in three dimensions. In total, 17 historical drill-holes have now been surveyed successfully (Appendix A).

The technical parameters of the survey are detailed in Appendix B. An additional seven drill-holes were found to still be open and will be surveyed later this winter. The results of the recent DHEM survey and the previously acquired ground-based Fixed Loop Electromagnetic (FLEM) survey are highly encouraging and confirm the presence of multiple targets at Hotinvaara, including: 1. The potential for near-surface, massive nickel sulphide lenses within the prospective cumulate ultramafic rocks. 2. Extensions to near-surface, disseminated nickel sulphide zones adjacent and external to the maiden JORC (2012) Mineral Resource Estimate (MRE) of 133.6Mt @ 0.21% Ni for 278kt of contained nickel 1, based on the presence of the related massive/semi-massive sulphides.

The potential for high-grade, massive sulphide (Sakatti-style) mineralisation at depth below the known zones of mineralisation.