Summary

Mine Type	Open Pit
Study Completed	Preliminary Economic Assessment
Stage	Permitting
Commodities	Gold Cobalt
Mining Method	Truck & Shovel / Loader
Mine Life	...
Snapshot	Kuusamo Schist Belt (KSB) is a gold-cobalt project, well positioned to support the EU Critical Raw Materials Act (CRMA) through potential cobalt supply into the European Union and recognised as the third-largest undeveloped cobalt resource in the EU. The project comprises three open-pit deposits (K1, K2 and K3) with potential to expand Mineral Resources both near-mine and across the broader KSB South area. The project also presents operational upside, with open-pit optimisation and potential underground mining scenarios under consideration at K1.

Deposit type

• Orogenic

Summary:

The KSB Project is located in northern Finland within the Sericite Quartzite Formation of the Palaeoproterozoic Kuusamo Schist Belt. The mineralisation is predominantly hosted by albitised, biotitised and sulphidised sericite quartzite and mafic volcanic rocks in a metamorphosed, supracrustal sequence. Native gold is chiefly associated with bismuth and tellurium minerals as inclusions in pyrite and cobaltite, between silicates, and in tiny gold-bismuth-tellurium rich veinlets oriented parallel with foliation and enveloped by silicates.

All three deposits (K1, K2 and K3) include a number of generally steep dipping mineralised bodies controlled by a northwest trending structural corridor crossing an axial culmination in the northeast trending Käylä-Konttiaho Anticline.

The K1 Mineral Resource model has a strike length of 400m, width of up to 100m, and extends from the natural surface to a depth of 470m. The deposit dips to the south-west at between 55° to 60° and exhibits south-west plunging components to the mineralised shoots.

The K2 Mineral Resource model has a strike length of 280m, width of up to 50m, and extends from the natural surface to a depth of 70m. The deposit dips to the west at approximately 60°.

The K3 Mineral Resource model has a strike length of 75m, width of up to 20m, and extends from natural surface to a depth of 90m. The deposit dips to the west at approximately 50°.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Commodity Production

Operational metrics

Metrics
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Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Jan 27, 2026
.......................	.......................		Jan 27, 2026