TIB2 granite-gneisses-style U-Th-REE project of roughly 79 km² in Northern Norway.
Teako’s 100% owned Sørdalen Project is located in Narvik Municipality in northern Nordland and extends over around 78.6 km2. The project was staked in anticipation of new airborne geophysical surveys scheduled to be undertaken by the NGU in the area during 2026. Despite the rugged terrain, the licence area is readily accessible, with roads passing through the project area. The project also benefits from its proximity to Narvik, which provides well-developed infrastructure and established port facilities suitable for the potential transport and shipment of ore.
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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
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.