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Overview

In May 2023, District Metals received approval from the Bergsstaten (Mining Inspectorate) for the Tåsjö nr 101 to 105 mineral license applications located in the Jämtland and Västerbottens Counties, north-central Sweden (Figures 1 and 2).

The Tåsjö Property targets the Alum Shale, which is the host rock for the Viken Deposit that is the largest undeveloped Alum Shale vanadium-uranium-molybdenum-nickel-copper-zinc deposit in Sweden, and amongst the largest deposits by total historic mineral resources of vanadium and uranium in the world. 

In addition, an Ordovician sedimentary unit that overlies the Alum Shale in the Tåsjö area is known to contain significant values of uranium, rare earth elements, and phosphate.

Tåsjö Property Highlights:

  • The Tåsjö nr 101 to 105 mineral licenses cover an area of 15,625 hectares (ha) that are prospective for uranium, REE, phosphate, vanadium, molybdenum, nickel, zinc, and copper.
  • In the Tåsjö area, Cambro-Ordovician sedimentary units overlie the Proterozoic intrusive basement, which is a similar geological setting that hosts the Viken Deposit.
  • The Tåsjö Field was historically estimated to host 75 to 150 million tonnes grading 0.03 to 0.07% U3O8, 0.11 to 0.24% REE, and 3.75 to 7.5% phosphate (P2O5)1. This historical exploration target estimate is based on a 1964 Report by G. Armands, Swedish Atomic Energy Company, and the Company is not treating it as a current mineral resource estimate. The potential quantity and grade is conceptual in nature, as there has not been sufficient exploration to define the target at this time; and it is uncertain that further exploration would result in the definition of a current resource. The magnitude of the exploration target was confirmed in a 2008 NI43-101 technical report by Andrew Browne of Geosynthesis Pty Ltd.
  • Shallow historical drilling in the Tåsjö area returned positive results for uranium, REE, and phosphate in the Ordovician lycophoria schist while the much thicker underlying Cambro-Ordovician Alum Shale (Viken Deposit host unit) was not fully explored2.
  • The Tåsjö area hosts one of the thickest units of Alum Shale in Sweden that can reach up to 400 meters in thickness due to folding and overthrusting2.
  • Mineral License Tåsjö nr 104 contains a historical drill hole completed by the Swedish Geological Survey (SGU) in 1979 that encountered Alum Shale from surface to the end of hole depth at 258.3 m. It was logged several years after drilling and the drill core was not assayed

Figure 1: Location Map

Location map

The Scandinavian Alum Shales

The Baltoscandian Platform, from Finnmark in northern Norway to Skåne in southern Sweden, was an area of great stability during the Late Cambrian, with deposition of a thin (10 to 60 m) shale facies along with large amounts of organic matter. This shale deposition started in many areas in the Middle Cambrian and continued in some areas into the earliest Ordovician (Tremadoc). The content of organic matter is commonly in the order of 10%, locally over 20% and very occasionally up to almost 30%. In areas such as Närke, Ostergötland and Kinnekulle, that have not been influenced by temperatures in excess of 100°C, the brown shales yield significant amounts of oil (Fischer assays of 6 to 7%). In other areas, oil-yields are lower or absent; the shales are darker in colour, the organic matter varying in maturation from bituminous to semi-anthracitic or even anthracitic and graphitic towards the interior of the Caledonides.

These organic-rich shales, composing the Alum Shale Formation, are remarkable for their syngenetic concentration of a variety of trace elements, in particular, uranium and vanadium, but also molybdenum, nickel, zinc, copper, rare earth elements, potash and phosphate. Throughout Scandinavia, uranium contents are highest in the Peltura scarabaeoides zone reaching a maximum of 306 ppm over a thickness of 3.6 m in the Ranstad area of the Billingen-Falbygden outlier. Vanadium contents generally (Jämtland excepted) do not exceed 1,000 ppm in the Upper Cambrian but rise rapidly between 2,000 to 3,000 ppm in the Dictyonema zones of the Tremadoc. Even in areas where the general level of these trace elements is lower, the variation in their concentrations is closely related to the stratigraphy. This may also be the case further to the south and southwest where black shales of similar age occur in Poland, in the Anglo-Welsh area, and in eastern Canada on Avalon and in the Maritime Provinces.

The Alum Shale Formation contains Sweden's most important reserve of fossil energy; oil yields are significant and greatly increased by retorting in hydrogen under pressure. The formation contains the largest uranium resource in Europe, the uranium-rich unit of the Billingen-Falbygden outlier alone containing about a million tonnes of uranium. In the Caledonides, tectonically repeated alum shale successions, several tens of meters thick, contain a combination of unusually high trace element concentrations (200-240 ppm U, 350-400 ppm Mo, 1500-2000 ppm V). The Alum Shale Formation has considerable economic potential3.

Figure 2: Tåsjö Property Mineral Licenses

Tasjo Property Mineral Licenses

The Polymetallic Tåsjö Property

The Tåsjö Property is situated in the Jämtland and Västerbottens Counties, north-central Sweden, approximately 550 km north-northwest of Stockholm, Sweden. Infrastructure is well developed in the area with daily air service, as well as rail and truck freight services. Electrical power and modern communications are also readily available in the area.

At Tåsjö Field, Alum Shale of Upper Cambrian age is found within the Fjällbränna Formation and is overlaid by the Ordovician Norråker Formation (previous Graywacke-Shale Formation). The Norråker Formation was deposited in a hinge zone representing the transition from a limestone dominated shelf facies towards east and successively deeper marine environment towards west with turbidite facies epiclastic sediments. Due to tectonic deformation and thrusting the thickness of the Alum Shale locally becomes more than 300 m thick. At Tåsjöberg, drill hole Kyrk-Tåsjö 79001 encountered Alum Shale from surface to a depth of 258.3 m, which was logged several years after drilling and was never assayed.

The basal part of the overlying Norråker Formation is a calcareous, glauconitic, phosphatic sand- siltstone that is 5 to 8 m thick. It contains several coarse to fine repetitions until it passes into overlying siltstone and shale. This glauconitic-phosphatic unit is found throughout the Lower Paleozoic sequence from Skåne to Jämtland on top of the Alum Shale Formation. In the Tåsjö area this phosphatic unit is unusually thick. The phosphorus sediments are thought to have formed by upwelling of cold seawater onto a warmer shelf causing precipitation of apatite similar to phosphorite deposits.

In 1957, AB Atomenergi (Swedish Atomic Energy Company) discovered anomalous uranium in the Tåsjö Field in northernmost Jämtland close to the border to the Västerbotten County. Uranium was found in glauconite-phosphorite shale within the basal Ordovician unit that is outcropping sporadically within an area of 20 to 30 km long and 10 km wide. In total 68 drill holes were completed from 1961 to 1964 by AB Atomenergi. The area has also been drilled by Stora Kopparberg AB (7 drill holes), SGU (38 drill holes), and Vattenbyggnadsbyrån (41 drillholes), which totals 8,005 m of drilling.  The investigations were focused on the Lycophoria Schist with little attention given to the Alum Shales2. Approximately 176 exploration holes for over 7,000 m have been drilled in the Tåsjö area, with the average depth being 42 m.

Both Mawson Energy and Continental Precious Minerals held mineral licenses in the Tåsjö area from 2005 to 2012 for uranium and vanadium. Mawson drilled 53 shallow holes with an average depth of 40 m at the Kronotorpet prospect in the Tåsjö Field, and Continental Precious Minerals drilled 378 m in four holes.

References:

1 Armands, G., 1964: Geologiska undersökningar i Tåsjö-området under 1963 och 1964 (in Swedish); AB Atomenergi KOP-102. [English translation: Exploration in the Tåsjö area, 1963 to 1964].  The Company is not treating this historical exploration target estimate as a current mineral resource and a qualified person has not done sufficient work to classify this estimate as a current mineral resource.  The historical exploration target estimate predates current CIM (Canadian Institute of Mining, Metallurgy and Petroleum) categories, and Company is not aware of any more recent mineral resource estimate for the Tåsjö Property.

2 Browne, A., 2008: Report on Current Resource Estimates for Klappibacken and Duobblon Uranium Properties, and Review of Tåsjö Uranium Project, Northern Sweden. Prepared for Mawson Resources Limted by Andrew Browne of GeoSynthesis Pty Ltd. Report number 080204. Report date: 22 February 2008.

3 Andersson, A., Dahlman, B . , Gee , D. G . , and Snäll, S . , 1985: The Scandinavian Alum Shales. Sveriges geologiska undersökning, Ser. Ca, No. 56, pp. 1-50. Uppsala 1985.

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