Pegmatite-style U-Th-REE project of roughly 10.0 km² in Southern Norway.
The 100% owned Mitbø project consists of a single claim of 10 km2 located 100km SW of Sandefjord, southern Norway. The Mitbø project contains two the Auselmyra & Rosseland pegmatites, which are reported to be pegmatites that were last worked leading up to World War One1. Uranium was extracted as a byproduct of feldspar production. Grades and dimensions of the pegmatites are currently not known. This area is a unique greenfield target to test uranium grades in the modern market.
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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
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
Exploration-stage project. Any historical production, grades or estimates quoted in project descriptions are historical in nature, have not been verified by the Company as current mineral resources or reserves, and should not be relied upon. See the cautionary statements and the Qualified Person statement.