The Larvik Plutonic Complex is a monzonitic complex that was emplaced early during the formation of the Permian Oslo Rift (southern Norway). It extends across its entire width (around 50 km), and is made up of a majority of larvikite (augite monzonite) and lardalite (nepheline monzogabbro to nepheline syenite) distributed in ten successive intrusive units that partially intersect each other. The Larvik Plutonic Complex also hosts occurrences of singular Fe-Ti-P-rich rocks of magmatic origin, including the Kodal deposit. These are mainly composed of titanomagnetite, ilmenite, titanaugite and apatite, the latter also featuring rare earth elements (REE) enrichment. Here, we aim to unravel the conditions that allowed the Kodal deposit to form, and determine why other mineralized bodies are not seen elsewhere in the Larvik Plutonic Complex. We compared the petrography and elemental and isotope (Sr, Nd and Hf) geochemistry of both the Kodal mineralization and the neighboring larvikite, in order to provide evidence of their petrogenetic relationship. Both lithologies share the same isotopic ratios (87Sr/86Sr(i): 0.7035–0.7043; εNd(i): +2.37 − +3.48; εHf(i): +3.39 − +9.16), which would suggest a single homogeneous source. The very low dispersion of our isotopic data also suggests that crustal contamination levels in the area were low to negligible. Normalized trace diagrams of larvikite in several localities of the Larvik Plutonic Complex also show enrichments in most incompatible elements, which becomes more prevalent towards the Kodal deposit. Elements like Sr and Eu(2+) follow an opposite trend, because of their compatibility in plagioclase. We therefore infer that the region around the Kodal deposit hosts more fractionated larvikite due to the previous crystallization of successive plagioclase cumulates. We deduce that the Kodal lobe corresponds to a more evolved intrusion, which is no part of Pluton V per se, as considered in the literature until now, but instead derives at least from a monzonitic magma at the origin of the plutons V to VIII). This also implies that the formation of Fe-Ti-P mineralization at Kodal was most likely a consequence of enrichment of the residual melt in alkaline elements and incompatible elements. These conditions support an early hypothesis of formation by silicate-liquid immiscibility, along with petrographic evidence of disequilibrium at the mineralogical scale. However, further analyses would be required to test the hypotheses of silicate-liquid immiscibility against an accumulation of the Fe-Ti-P mineralization from an evolved intermediate magma.