VMS-Sedex-style Cu-Zn-Pb project of roughly 275 km² in Northern Norway.
Teako’s 100% owned Rosta project covers 275 km2 and lies south of Ranfjorden in the Hemnes and Rana regions of Nordland, near Mo i Rana, benefiting from excellent infrastructure including the E6 highway and ports. Geologically, it covers two units of the Rödingsfjäll Nappe Complex: The Mofjell Group in the east, hosting VMS mineralization, and the Rostafjell Unit in the west, prospective for SedEx-style mineralization. The western area is an early-stage greenfield target, with limited work including mapping, EM surveys, and stream sediment sampling that identified Cu anomalies around Rostafjell. The eastern area is linked to the historic Mofjellet Gruber mine (Lindskog, 2024)2. Exploration focuses on extensions and satellite deposits of this VMS system, particularly in underexplored western parts of the ore field. The Småvatnan target, at the eastern edge of the licences, is the most advanced prospect within the Rosta area. Mineralization occurs as semi-massive sphalerite–galena lenses and veins up to 1 m thick within a 3–4 m wide zone in quartz-mica schists. It is traced over 30 m and remains open, with a WNW plunge indicated by deformation. Dump samples average 0.6 % Cu, 10.0 % Zn, 1.9 % Pb, 141 g/t Ag, and 0.3 g/t Au and a weak TEM anomaly coincides with the zone (NGU ore database)1. Despite this, the strong grades and geological similarities to the nearby Mofjellet deposit highlight significant potential. Småvatnan remains untested by drilling and is a priority target.
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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
2References made to nearby mines and analogous deposits provide context for the regional targets but are not necessarily indicative that these targets host similar tonnages or grades of mineralization.
References
Lindskog, 2024, Mofjell Zinc Copper Lead Project Executive Summary Mo i Rana, Northern Norway June 2024 Technical Report Mofjell.
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.