Appia is currently delineating high-grade critical Rare Earth Elements at Alces Lake, just northwest of the Athabasca Basin, Saskatchewan, as well as exploring several highly prospective Uranium prospects in over 600 square km in the same area. The Company also has a 100% interest in 31,000 acres, including Rare Earth Element and Uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario, which historically produced over 300 million pounds of Uranium oxide and is the only Canadian camp that has had significant rare earth element (Yttrium) production. The deposits are largely unconstrained along strike and down dip.
Athabasca Basin Properties:
Appia is currently focusing on continued exploration for high-grade critical rare earth elements and uranium in surface showings on its Alces Lake property, as well as discovering high-grade uranium deposits in the prolific Athabasca Basin area on the Loranger, Eastside and North Wollaston properties. The company currently holds the surface rights to exploration for about 57,048 hectares (140,968 acres) in Saskatchewan.
RARE EARTH ELEMENTS (REE), IN PARTICULAR NEODYMIUM (ND), PRASEODYMIUM (PR), DYSPROSIUM (DY) AND TERBIUM (TB) WHICH ARE CRITICAL FOR FABRICATION OF PERMANENT MAGNETS. URANIUM, THORIUM, PHOSPHATES AND GALLIUM.
Elliot Lake Property:
Appia has NI 43-101 Mineral Resources of 14,435,000 tons grading 0.554 lbs. U3O8/ton and 3.30 lbs. TREE/ton for a total of 8.0 M lbs U3O8 and 47.7 M lbs TREE Indicated and 42,447,000 tons grading 0.474 lbs. U3O8/ton and 3.14 lbs. TREE/ton for a total of 20.1 M lbs. U3O8 and 133.2 M lbs. TREE Inferred in the Teasdale Zone plus 30,315,000 tons grading 0.912 lbs. U3O8/ton for a total of 27.6 M lbs U3O8 Inferred in the Banana Lake Zone in the Elliot Lake, ON, historic mining camp. The resources are largely unconstrained along strike and down dip.
The town of Elliot Lake is located in northern Ontario. By road, the town is i) 30 km N of the Trans-Canada Highway (Highway 17); ii) 168 km W of the nickel-mining district of Sudbury, ON; iii) 201 km E of Sault Ste. Marie, ON, the gateway to Michigan, USA, and iv) 58 km NE of Blind River, ON, where Cameco operates the world’s largest commercial uranium refinery. The Elliot Lake uranium-REE property comprises a group of 101 staked mineral claims, approximately 3km north of the town of Elliot Lake.
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