Critical and Precious Metals Exploration in Newfoundland and Sweden
Canstar Resources holds approximately 1,315 km² across three projects in two established mining jurisdictions. In Newfoundland, Canada, the flagship Buchans–Mary March VMS project covers 145.6 km² in the historic Buchans mining camp, and the Golden Baie gold-antimony project covers 489.5 km² in the south of the province, under option to Churchill Resources Inc. In Sweden, the Skellefte VMS project covers approximately 680 km² in the northern Skellefte belt. Canstar’s strategy is geology-first targeting funded by partners at the project level. Eric Sprott and Altius Minerals are strategic shareholders; VMS Mining Corporation funds exploration at Buchans–Mary March.
Buchans–Mary March Project
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Canstar’s flagship project covers 145.6 km² in the heart of Newfoundland’s Buchans VMS district, approximately 20 km east of the past-producing Buchans Mine. Historic production from the Buchans Mine ranks among the highest-grade polymetallic deposits ever mined: 16.2 Mt at 14.5% Zn, 7.6% Pb, 1.33% Cu, 126 g/t Ag and 1.37 g/t Au. Earn-in partner VMS Mining Corporation funds exploration at the project level, with C$4.0 million advanced to date under a phased earn-in of up to C$12 million. The first drill program at Mary March since 2019 commenced in June 2026.
Historic production figures are historical in nature, have not been verified by a Qualified Person, and are not necessarily indicative of mineralization on the Company’s properties.
Skellefte Project
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Golden Baie Project
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Golden Baie is a district-scale gold-antimony project along more than 90 km of strike on a crustal-scale fault system. In March 2026 Canstar optioned the project to Churchill Resources Inc., which funds exploration under work commitments of C$1 million in year one and C$5 million over 24 months. Canstar has received initial cash and share consideration and retains a 0.5% NSR royalty and an equity position in Churchill.