Maiden MRE For PCH Project Estimated 52.8M Tons

Maiden MRE For PCH Project Estimated 52.8M Tons

TORONTO – Appia Rare Earths & Uranium Corp. has received an independent maiden Mineral Resource Estimate (MRE) for its ionic adsorption clay (IAC) project located in the State of Goiás, Brazil, known as the PCH Project. The maiden MRE for the PCH Project is estimated at 52.8 million tonnes (Mt) comprising: 1) 6.6 Mt Indicated resource with a grade of 2,513 parts per million (ppm) total rare earth oxide (TREO). 2) 46.2 Mt Inferred resource with a grade of 2,888 ppm TREO.

The deposit contains significant concentrations of Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), and Terbium (Tb) which are the rare earth elements used in the production of permanent magnets and currently under high demand. The Company is currently undertaking a significant evaluation of the potential desorbed rare earth oxide (DREO), and results are pending. Significant anomalies of Scandium and Cobalt have been identified in the Buriti Zone, adding additional potential resource value to the project.

Tom Drivas, CEO, said, “Appia’s team has done a tremendous amount of work over the past 8 months leading to the commissioning of this maiden MRE on our two (2) initial project areas, Target IV and the Buriti Zone. I couldn’t be more pleased to confirm that our conviction was well placed as there is immense potential at our PCH project in Brazil. With an estimated 6.6 million tonnes of high-grade mineralization in the indicated category and 46.2 million tonnes of high-grade mineralization in the inferred category, and with some of the highest TREO grades in the world, we are well on our way to establishing the Company as a leader not only in Brazil, but the around the globe.”