Avira Resources (ASX:AVW) announced financial results for the quarter ended 30 September 2022.

Avira enters into a Binding Heads of Agreement to acquire the highly prospective Puolalaki Ni-Cu-Co Project in Sweden.

Puolalaki has a favourable tectonic and geologic setting for intrusion-hosted magmatic Ni-Cu-PGE sulphide mineralisation.

Puolalaki already meets most of the geological criteria for targeting a world class deposit.

Historic diamond drilling at Puolalaki also identified two high-grade gold mineralised zones with significant intercepts.

Following the announcement the company?s share price unchanged.