The massive pyrite-pyrrhotite-chalcopyrite-sphalerite deposit of Outokumpu, comprising the Keretti and Vuonos orebodies, is a deformed and metamorphosed strata-bound mass associated with mineralised stockworks. Mobilisation of much of the ore followed formation of large recumbent isoclinal folds that are the major structures of the surrounding rocks and associated with the modification of originally flat saucer-shaped ore lenses into elongate ruler-shaped masses. Further modification of shape took place at the mobilisation stage with much of the pyrrhotitic ore, particularly, now occupying the thickest parts of the orebodies in the form of breccia or microbreccia. In many parts gross original characters still exist and the pyritic and pyrrhotitic constituents of the ore have survived as separate entities while locally the pyritic ore retains pre-deformational characteristics and consistent stratigraphic position within a thin horizon.

Both ore and country rocks show evidence of extensive polyphase deformation with the effects of six fold phases shown in the ore. Mineral assemblages in the country rocks indicate a middle amphibolite facies peak of metamorphism. The serpentinite-black schist-carbonate-quartzite rock assemblage, with which the ore is associated, was tectonically incorporated within the regionally extensive mica schist by even earlier subhorizontal thrusting. This is related to the movement of a thrust nappe with the interdigitation of an ocean-floor ophiolite assemblage and flysch deposited during ocean closure associated with Svecokarelian tectonism.

The original formation of the Keretti and Vuonos sulphide masses took place in a marine exhalative environment with a pyritic layer overlying a pyrrhotitic layer in each of the two c. 4 km diameter irregularly oval-shaped depressions whose centres were c. 8 km apart. The mineralised stockwork below each mass represents the upper parts of the conduit for metalbearing fluids in a convective system.