Appia Summarizes Alces Lake Project, Live Presentation 11 am Today
500-2 Toronto St.
Toronto ON
M5C 2B6
PH: 416 546-2707
FAX: 416 218-9772
Email: [email protected]
Website: www.appiaenergy.ca
NEWS RELEASE
APPIA PROVIDES A SUMMARY OF THE ALCES LAKE PROJECT AND PRESENTS AT
THE JOHN TUMAZOS VIRTUAL CONFERENCE, AUGUST 10, 2020
TORONTO, ONTARIO, August 10, 2020 - Appia Energy Corp. (the “Company” or “Appia”)
(CSE:API, OTCQB:APAAF.US, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to provide a
summary on the Company’s high-grade rare earth element (“ REE”) and uranium (“ U”) Alces Lake property
(the “Property”), northern Saskatchewan.
Since detailed exploration began at Alces Lake in 2017, a total of seventy-four (74) REE and uranium-
bearing surface zones * and occurrences * of the REE and U minerals system(s) (the “ Minerals System”)
have been discovered on the Property (Figure 1). To date, less than 15% of the Property surface has been
explored on the ground. The zones all share numerous similarities with each other; high REE grades (>2 wt%
total rare earth oxides, “ TREO”) are hosted within both biotite-rich quartzo-feldspathic pegmatites and/or
thick biotite-rich pods (“ cores”), and low-grade REE mineralization (<2 wt% TREO) are hosted within
quartzo-feldspathic pegmatites with very little biotite present (“ halos”). Appia uses the geological
information from the low-grade halos to target the high-grade cores.
Surface channel and diamond drill samples from within six zones (Bell, Charles, Dante, Dylan, Ivan, Wilson)
return an average composite grade of 16.65 wt% TREO (see Table 1). The Ivan zone, in particular, hosts
some of the highest grades observed on the Property. Surface mineralization from the Ivan zone returned up
to 53.01 wt% TREO over 1.97 m, or ~85% monazit e, i.e., the mineral hosting the REEs. Diamond drill
hole IV-19-012 intersected 16.06 wt% TREO over 15.55 m, including 49.17 wt% TREO over 3.70 m .
Critical elements required for rare earth magnets (neodymium, praseodymium, dysprosium and terbium)
account for between 23% and 25% of the TREO. Rare earth magnets are used in a wide range of modern
technological applications. Hence, the rare earth magnet industry is projected to grow rapidly over the next 30
years in-line with the adoption of electric vehicles and wind turbines, in particular.
The Minerals System has been discovered as far as 12 km away from the Company’s previous areas of
diamond drilling, and the cumulative showings represent approximately 10 km of a 45 km-long regional strike
length. The scale and high-number of surface discoveries suggests the Minerals System is widespread at
surface, but it is not readily detectable by eye or other surface geophysical methods due to overburden cover.
The Company believes that the Minerals System is even more connected, widespread, and voluminous
beneath the surface.
Appia has started mobilizing for Phase 2 exploration on the Alces Lake property, which will include diamond
drilling geological and geophysical targets, additional AMT geophysical survey coverage, excavated
overburden removal and outcrop washing in areas of interest. The exploration permits are in-hand to begin
this work.
John Tumazos Virtual Conference
Appia would also like to invite the general public to view a live public webcast presentation on Monday
August 10, 2020, from 11:00 AM – 11:55 AM (EDT) as part of the John Tumazos Very Independent
Research, LLC, Virtual Conference.
The audience registration link is https://zoom.us/webinar/register/WN_DY9ra1PGTFakcuxVIeWUFw.
We sincerely hope you can attend.
The Alces Lake Property encompasses some of the highest-grade total REE mineralization in the world,
hosted within a number of surface and near surface occurrences that remain open at depth and along strike.
The United States government is actively pursuing REE resources to ensure a domestic REE supply chain
becomes established within North America. The Alces Lake property covers 17,577 hectares (43,435 acres)
in size and is 100% owned by Appia. The project is located close to an old mining camp with existing support
services, such as transportation (i.e., 15 km from the nearest trail), energy infrastructure (hydroelectric power),
a 1,200 m airstrip that receives daily scheduled services, and access to heavy equipment.
The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo,
Advisor to the Board of Directors of Appia, and a Qualified Person as defined by National Instrument 43-101.
About Appia
Appia is a Canadian publicly-traded company in the uranium and rare earth element sectors. The Company is
currently focusing on delineating high-grade critical rare earth elements (“REE”) and uranium on the Alces
Lake property, as well as prospecting for high-grade uranium in the prolific Athabasca Basin on its Loranger,
North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 65,601
hectares (162,104 acres) in Saskatchewan.
The Company also has a 100% interest (subject to a 1% Uranium Production Payment Royalty and a 1% Net
Smelter Return Royalty on any precious or base metals payable, provided that the price of uranium is greater
than US$130 per pound) in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over
five mineralized zones in the Elliot Lake Camp, Ontario. The Camp historically produced over 300 million
pounds of U 3O8 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.
Appia’s technical team is directed by James Sykes, who has had direct and indirect involvement with over 550
million lbs. U3O8 being discovered in five deposits in the Athabasca Basin.
Appia has 73.9 million common shares outstanding, 90.3 million shares fully diluted.
Cautionary Note Regarding Forward-Looking Statements : This News Release contains forward-looking statements
which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”,
“estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not guarantees of
future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume
any obligation to update these forward- looking statements and shareholders are cautioned not to put undue
reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas , President, CEO and Director: (tel) 416-546-2707, (fax) 416-218-9772 or (email)
James Sykes , VP Exploration & Development, (tel) 306-221-8717, (fax) 416-218-9772 or (email)
Frank van de Water , Chief Financial Officer and Director, (tel) 416-546-2707, (fax) 416-218-9772 or
(email) [email protected]
FIGURE 1: REGIONAL PROSPECT MAP (2017 – 2020)
TABLE 1 – INDIVIDUAL AND TOTAL RARE EARTH OXIDE RESULTS
Zone
Sample Type
(Grab,
Channel, DDH)
From (m) To (m) Interval
(m)
La2O3
(wt%)
CeO2
(wt%)
Pr6O11
(wt%)
Nd2O3
(wt%)
Sm2O3
(wt%)
Eu2O3
(wt%)
Gd2O3
(wt%)
Tb4O7
(wt%)
Dy2O3
(wt%)
Ho2O3
(wt%)
Er2O3
(wt%)
Yb2O3
(wt%)
Lu2O3
(wt%)
Y2O3
(wt%)
ThO2
(wt%)
U3O8
(wt%)
TREO
(wt%)
CREO
(wt%)
Alces
Lake
Average
Channel and
DDH 3.873 8.203 0.896 2.896 0.390 0.005 0.214 0.012 0.037 0.004 0.010 0.001 0.000 0.102 2.069 0.057 16.645 3.847
Ivan Channel Line 4 1.62 3.59 1.97 12.343 26.186 2.875 9.260 1.171 0.015 0.663 0.033 0.110 0.013 0.035 0.002 0.000 0.302 6.179 0.143 53.007 12.293
Ivan* IV-19-012 8.70 24.25 15.55 3.653 7.798 0.889 2.946 0.413 0.005 0.205 0.014 0.036 0.004 0.006 0.001 0.000 0.089 2.081 0.054 16.059 3.890
includes 9.70 13.40 3.70 11.233 23.833 2.753 8.996 1.258 0.016 0.626 0.042 0.110 0.011 0.019 0.002 0.001 0.266 6.365 0.164 49.165 11.918
The REEs Thulium (Tm) and Promethium (Pm) are not reported because they are both extremely scarce in nature, and Pm forms as a product of spontaneous fission of U-238
TREO = Total Rare Earth Oxide = sum of La2O3+CeO2+Pr6O11+Nd2O3+Sm2O3+Eu2O3+Gd2O3+Tb4O7+Dy2O3+Ho2O3+Er2O3+Yb2O3+Lu2O3+Y2O3
CREO = Critical Rare Earth Oxide = sum of Pr6O11+Nd2O3+Eu2O3+Tb4O7+Dy2O3 Highlighting Nd grades associated with high-grade TREO
Highlighting Pr grades associated with high-grade TREO
Conditions Used for Reporting Composite Results Highlighting "high-grade" TREO and CREO (i.e. >1.897* wt% TREO)
- all intervals are reported with cutoff grade = 4.0 wt% TREO Indicates light rare earth elements
- all (*) intervals are reported with cutoff grade = 0.1 wt% TREO Indicates heavy rare earth elements
- maximum internal dilution along channel lines or drill hole lengths does not exceed 2.0 m consecutively Indicates radioactive elements
- true thickness has not been determined
*Note: >1.897 wt% TREO represents >75th percentile for global REO deposit grades of advanced stage-projects (excluding Gakara, Steenkampskraal and Mount Weld CLD deposits). The global REO deposit information was derived from publicly available information as of January 31, 2018, from
individual company websites, SEDAR technical report filings, and the Technology Metals Research Advanced Rare Earth Projects Index (http://www.techmetalsresearch.com/metrics-indices/tmr-advanced-rare-earth-projects-index/)