Medaro Announces Staking in Sweden's Riddarhyttan-Bastnas District

Executive Summary

• Medaro Mining Corp. announced the staking of approximately 1,130 hectares of mineral tenure in central Sweden’s Riddarhyttan‑Bastnäs district.
• The newly staked property is prospective for copper, gold, base metals and rare‑earth elements (REE), with historic mining activity indicating multi‑commodity potential.
• Staking applications covering 1,131 ha have been filed under Swedish law; permits are pending and overlapping applications by two other parties have also been submitted.

Key Details

• Staked Area: ~1,130 hectares (two exploration permit applications totaling 1,131 ha).
• Location: Riddarhyttan‑Bastnäs area, Skinnskatteberg Municipality, Västmanland County, Sweden.
• Commodity Potential: Copper, gold, base metals, and REEs; specifically LREE‑dominated, cerium‑rich REE mineralisation (cerite‑(Ce), bastnäsite‑(Ce), allanite).
• Historical Context: Region produced ~6,545 t copper (1633‑1873) and ~160 t REE ore (1860‑1919); historic cobalt discovery (1735).
• Exploration Approach: Integration of existing geoscience datasets with new mapping, prospecting, and geochemical sampling to rank targets for follow‑up work.
• Infrastructure: Good access and regional infrastructure noted as supportive of cost‑effective exploration.
• Regulatory Status: Permits not yet granted; Swedish law permits overlapping applications with equal rights if approved.
• Qualified Person: Amanda Scott, P.Geo., FAusIMM (NI 43‑101 Qualified Person) reviewed and approved the technical information.

Notable Quotes

• “The Property is considered prospective for copper, gold, base metals, and REEs based on regional geological setting and the presence of historical workings and mineral occurrences.” – Mark Ireton, CEO & Director, Medaro Mining Corp.