Appia Rare Earths & Uranium Corp · CSE:API
Appia Rare Earths & Uranium — Investor Presentation (July 2022)
36 slides from Appia Rare Earths & Uranium's investor presentation, July 2022
Slide 1: Rare Earths & Uranium Corp.
RARE EARTHS & URANIUM CORP. =, earth ‘ Piicecs ingore and . uranium in Canada COOXGAPAAR | Germany:AOl.F, AOILMU, AOLBE OMe, ON MSC 2B6 ~\ ia@ap piareu.com, www.alipiareu.com | fimin
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements which may include but are not limited to statements with respect to the future financial or operating performance of Appia and its projects, the future price of uranium, capital operating and exploration expenditures, su
Slide 3: 2022 focus on rare earths, rich history in uranium
2022 focus on rare earths, rich history in uranium • Alces Lake block (100% owned) encompasses 27 km2 high-grade surface mineralization • high-grade monazite-hosted rare earths at/near surface in WRCB discovery are some of the richest occurrences in the world Introducing Appia Rare Earths & • Metall
Slide 4: Appia Investment Highlights
Appia Investment Highlights • Two discoveries at Alces Lake (WRCB and Magnet Ridge) expected to make up maiden NI 43-101 report. Timing subject to receipt of assay results and industry activity • Almost 70% of the planned ~20,000 metres of diamond drilling at Alces Lake has been completed since Marc
Slide 5: Alces Lake Project - Grade
Alces Lake Project - Grade • High-Grade is KING… this is true for any commodity • Alces Lake hosts some of the highest REE grades in the world (2nd highest average grade) • At 4 wt% Total Rare Earth Oxide cutoff, Alces Lake average grade is 16.65 wt% TREO* • Appia considers “high-grade” as greater t
Slide 6: Summary of 2021 High-grade Assay Results at WRCB
Summary of 2021 High-grade Assay Results at WRCB - Alces Lake Project Including From To Interval wt% wt% From To Interval wt% wt% Zone Hole No. (m) (m) (m) TREO Ga2O3 (m) (m) (m) TREO Ga2O3 Wilson 21-WRC-016 38.92 42.11 3.19 15.38 0.040 39.67 41.6 1.93 24.30 0.060 Wilson 21-WRC-014 16.09 23.08 6.99
Slide 7: Summary of 2022 Activity and Results
Summary of 2022 Activity and Results • Commenced drilling in March 2022 at WRCB – to date (July 3, 2022) approximately 14,600 metres have been drilled in 83 holes • 30 new holes at WRCB have extended the strike length of the anomalous radioactivity by 120 metres to the southeast of the area for a to
Slide 8: Rare Earth Elements (REE) Primer
Rare Earth Elements (REE) Primer • 17 Rare Earth Elements, divided into Heavy and Light REE (see table) • Critical REEs include Neodymium (Nd), Praseodymium (Pr), Europium (Eu), Terbium (Tb), Dysprosium (Dy) and Yttrium (Y) • Primary demand growth is accelerating for permanent magnets used in the EV
Slide 9: Rare earths found exclusively in Monazite
Rare earths found exclusively in Monazite • Alces Lake has the potential to be one of the best monazite- hosted rare earths occurrences in the world with high-grade REE surface mineralization found within 27 square kilometres • 100% owned Alces Lake property (88,173 acres) holds high- grade and low-
Slide 10: Why is Monazite so important?
Why is Monazite so important? • Monazite is one of the highest-value, rare earth-bearing minerals in the world • Monazite is comprised of 50% to 60% of total rare earth oxides (TREO) • Approximately 23% to 25% of monazite TREO are Critical Rare Earths: Neodymium (Nd), Praseodymium (Pr), Europium (Eu
Slide 11: Rare Earth Elements (REE) Neodymium Oxide Pricing
Rare Earth Elements (REE) Neodymium Oxide Pricing (2017 – current) Price source: Rare Earth Prices (giti.sg) June 27, 2022 • Global pricing is “opaque” • Historical prices for Critical REEs have increased by 100%-300% since 2017 • 2019 Production: 220,000 tonnes REO (oxides) (2021 US Geological Surv
Slide 12: Appia Rare Earths & Uranium Corp. Capital Structure
Appia Rare Earths & Uranium Corp. (CSE:API OTCQX:APAAF) Capital Structure Share Price Performance (Last 12 Months) Tickers - CSE:API OTCQX:APAAF Germany:A0I.F, A0I.MU, A0I.BE Share Price (as of July 4, 2022) C$0.33 Basic Shares Outstanding 123.1M Options (weighted avg. strike price of ~C$0.546) 2.6M
Slide 13: Appia Management
Appia Management (with over 300 years combined industry experience) Anastasios (Tom) Drivas | CEO & Director • Business entrepreneur with over 30 years experience in various industries, including over 20 years in the mineral resource industry • President and CEO of Romios Gold Resources Inc., a publ
Slide 14: REE Outside of China
REE Outside of China • Original Equipment Manufacturers outside of China (USA, Japan, Germany, etc.) seek long-term supply chains, acknowledge probability of supply disruption • USA has recently taken the first steps to develop their own rare earth supply chain independent of China • National Defens
Slide 15: Project Portfolio, Northern Saskatchewan
Project Portfolio, Northern Saskatchewan • Saskatchewan is a pro-mining jurisdiction; politically stable • Athabasca Basin historic uranium-focus • Rare earths discovery at Alces Lake has world class potential • Appia discovery is one of a kind – massive monazite exposure at surface • Excellent loca
Slide 16: Alces Lake Project Meets Criteria for a Viable REE Project
Alces Lake Project Meets Criteria for a Viable REE Project Massive Monazite Exposed at Surface • Grade - Alces Lake grade of up to 49 wt% TREO plus massive low grade zones • Mineralogy – rare earths are completely hosted in coarse-grained monazite • Composition – 23-25% is Critical Rare Earth Oxide
Slide 17: Alces Lake – High-Grade REE Zones at Surface
Alces Lake – High-Grade REE Zones at Surface Ivan Zone Dylan Zone >85% monazite >57% monazite (53.01 wt% TREO over 1.23 m) (avg. 34.38 wt% TREO for this body) Note: See Appendix A on slide 36 for individual element grades supporting TREO results appiareu.com CSE:API 17
Slide 18: Alces Lake Project - Mineralogy
Alces Lake Project - Mineralogy • All the REE have simple mineralogy and are hosted 100% within monazite • Extraction of REE from monazite has been successfully and economically proven and established since the 1950s • At Alces Lake, monazite occurs as isolated grains, 1 – 3 cm thin lenses, and as i
Slide 19: Alces Lake Project - Composition
Alces Lake Project - Composition • Enriched in 4 valuable critical rare earth elements (CREE), including: Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), Terbium (Tb) • These 4 elements account for between 23 to 25% of the TREO • Represent ~85% of the potential value at Alces Lake • Near perfect
Slide 20: Alces Lake Project - Processing Facility
Alces Lake Project – Processing Facility • In August 2020, Saskatchewan Research Council (“SRC” – a Treasury Board Crown Corporation) and the Government of Saskatchewan announced the plans to fund and develop a “first-of-its-kind” Rare Earth Processing Facility in Saskatoon, Saskatchewan • SRC curre
Slide 21: Alces Lake Project - Management
Alces Lake Project – Management • Piggy-back off permits already in-place at SRC to accept, handle and safely dispose of naturally occurring radioactive materials (thorium and uranium) • Based on high-grade mineralization discovered to date, Appia would “ideally” consider a surface and near-surface
Slide 22: Alces Lake Project – 2022 Exploration Drilling
Alces Lake Project – 2022 Exploration Drilling 2022 drilling program up to ~20,000 metres of diamond drilling will more than double total metrage drilled 2017-2021 appiareu.com CSE:API 22
Slide 23: Alces Lake Project – 2022 Drilling Detail
Alces Lake Project – 2022 Drilling Detail appiareu.com CSE:API 23
Slide 24: Alces Lake – High-Grade REE Zones at/near Surface
Alces Lake–High-Grade REE Zones at/near Surface 143 km2 379 km2 Note: See Appendix A on slide 36 for individual element grades supporting TREO results appiareu.com CSE:API 24
Slide 25: Alces Lake Project – WRCB 3D View
Alces Lake Project – WRCB 3D View Continuous (100m) shallow high-grade monazite outcrops on surface Continuous shallow low-grade monazite (AMP) outcrops on surface (see cross-section A-B) appiareu.com CSE:API 25
Slide 26: Alces Lake Project – WRCB Cross Section A-B
Alces Lake Project – WRCB Cross Section A-B appiareu.com CSE:API 26
Slide 27: Alces Lake Project – Magnet Ridge Prospect
Alces Lake Project – Magnet Ridge Prospect appiareu.com CSE:API 27
Slide 28: Alces Lake Project – Exploration Summary
Alces Lake Project – Exploration Summary • Property-wide airborne magnetic, EM and radiometric geophysical survey • Approx. 27 km2 of high-grade surface mineralization • Total of ~24,000 m core drilled on Magnet Ridge property, 2022 focus at WRCB and Magnet Ridge • High-grade near-surface monazite i
Slide 29: Alces Lake Project – Exploration Summary
Alces Lake Project – Exploration Summary 2021 drilling 2017-2020 drilling Total drilling AREA # of holes metres # of holes metres # of holes metres WRCB * 54 5,297.09 65 3,293.12 119 8,590.21 Biotite Lake 13 684.52 - - 13 684.52 Oldman River 8 480.00 - - 8 480.00 Sweet Chili Heat 14 990.82 - - 14 99
Slide 30: Alces Lake Project – Exploration (2017 – 2020)
Alces Lake Project – Exploration (2017 – 2020) • Highlight drill hole IV-19-012 • Returned 16.06 wt% TREO over 15.55 m starting at 8.7 m down hole depth (red arrows) which includes 49.17 wt% TREO over 3.70 m at 9.7 m down hole depth ( arrows) Note: See Appendix A on slide 36 for individual element g
Slide 31: Alces Lake Summary
Alces Lake Summary 1. World-class Total and Critical REO grades (average grade 16.65 wt% TREO and 3.85 wt% CREO) plus gallium 2. Enriched with Critical REEs (Nd, Pr, Dy, Tb) used for permanent magnets 3. Coarse-grained monazite: easier to process, simple mineralogy at/near surface (within ~10 metres
Slide 32: Investment Summary
Appia Rare Earths & Uranium Corp. Suite 500, 2 Toronto St. Investment Summary Toronto, ON M5C 2B6 PH: 416 546-2707 email: appia@appiareu.com CSE:API, OTCQX:APAAF, Germany: A0I.BE, A0I.F, A0I.MU Amongst the Highest World-Class Debt-Free & TREO Alces Lake No Option Team with Grades Ever Property Payme
Slide 33: Saskatchewan Uranium Properties
Saskatchewan Uranium Properties ▪ 4 Properties; ▪ Loranger ▪ North Wollaston ▪ Eastside ▪ Otherside ▪ Easy exploration/mining scenario: at/near surface high- grade uranium, no sandstone cover, negligible overburden ▪ Close to infrastructure; highway, powerline, airstrip, fuel and groceries ▪ Proximi
Slide 34: Elliot Lake, ON: Uranium and REE Resource
Elliot Lake, ON: Uranium and REE Resource appiareu.com CSE:API 34
Slide 35: Elliot Lake NI 43-101 Compliant Resource
Elliot Lake NI 43-101 Compliant Resource NI 43-101 Compliant Resource* Indicated Resource Inferred Resource Teasdale Lake Zone Tonnage Average Contained Contained Tonnage Average Contained Contained (M tons) Grade Metal U3O8 Metal TREE (M tons) Grade Metal U3O8 Metal TREE (lbs./ton) (M lbs.) (M lbs.
Slide 36: Appendix A
Appendix A Alces Lake REO Summary Chart (2017-2020 results) Zone Slide # 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 5,8 3.873 8.203 0.896 2.896 0.
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