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Skarafjell iron-phosphate project

Iron, Phosphate, Rare earth elements, Titanium 10 km2 Sold · 10% right to proceeds on disposition

10 km² at a triple-junction contact between larvikites and syenites, showing the same mineralisation signatures as the adjacent Fens-district properties.

The Skåråfjell Project

The Skåråfjell project area (see Figure 1) exhibits promising signs of similar mineralization observed in the previously investigated areas. The geology here is comprised of the same syenites, larvikites and nepheline syenites prevalent across Hulderdalen, Kvelde and Moelva. The core of the project area sees a relatively complex triple junction contact between the three outlined lithologies. As Kodal-style mineralization is spatially associated with and potentially controlled by the contacts between larvikites and syenites in the area, Skåråfjell’s complexity may act as a useful conduit for mineralization.

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References:

1: 2024 Leveraging Domain Expertise in Machine Learning for Critical Metal Prospecting in the
Oslo Rift: A Case Study for Fe-Ti-P-Rare Earth Element Mineralization [Ying Wang ,Nolwenn
Coint, Eduardo Teixeira Mansur, Pedro Acosta-Gongora, Ana Carolina Rodrigues Miranda, Aziz Nasuti
and Vikas Chand Baranwal]
2: https://www.mdpi.com/2075-163X/14/4/377
3: 2014 Characterization of apatite resources in Norway and their REE potential [Peter M. Ihlen ,
Henrik Schiellerup, Håvard Gautneb, Øyvind Skår]

Figure 4: Skåråfjell project overview map, Skarafjell project
Figure 4: Skåråfjell project overview map

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.