Holmfjellet copper-zinc project

Teako’s 100% owned Holmfjellet Project is located on Røssvassholmen island in Røsvatnet, Hattfjelldal, Nordland, and covers 25 km². A recent NGU soil sampling programme (10 samples on a regional grid) identified anomalous Cu values, which have not been followed up by further exploration efforts¹. The geology is dominated by graphite-bearing phyllite with quartzite lenses and a greenschist unit, alongside marble horizons and intrusive quartz-diorite and granite in the west. Intense shearing and mylonitic zones along intrusive contacts indicate strong structural controls. While magnetic and EM data show anomalies coinciding with Cu soil anomalies, graphite-rich host rocks likely dominate the conductive response, limiting the effectiveness of EM surveys. The exploration focus is therefore field based: detailed mapping, lithogeochemical sampling, and investigation of the greenschist unit to assess volcanic affinity and VMS potential. Follow-up high-density soil sampling is recommended to refine Cu anomalies.

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¹Teako has not performed sufficient work to verify the published data reported above, but the Company believes this information to be considered reliable and relevant. Results reported are maximum values and may not be representative of all samples collected within the area being evaluated

References

Acosta-Gongora et al. (2024). Ore Geology Reviews. A multi-domain approach for soil geochemical anomaly mapping: a case study from the Hattfjelldal area, Norway. Manuscript Draft.

References to the ‘NGU’ regard the ‘Norwegian Geological Survey’, in particular, their Resource Database and are consolidated under this citation for simplicity. For all data sourced from this resource, please refer to: https://geo.ngu.no/kart/mineralressurser_mobil/?lang=eng