Appia Rare Earths & Uranium Corp · CSE:API
Appia Rare Earths & Uranium — Investor Presentation (October 2022)
24 slides from Appia Rare Earths & Uranium's investor presentation, October 2022
Slide 1: Corporate Presentation October 2022
Si fo Ociolver 2022 Appia arms. A RARE EARTHS & URANIUM CORP. A critical materials company — oe ee a) { Noctin’ for high-grade erittcal fare ~ ear ele ements (monazite) ane % Uremivin, in Canada See OTCOGAPAAR | Germany: AOE, AOLIMU, AOI Ble Sa . 2» TOROMKO,ON WISC 286 ; * ’ : appia@appiareu.com, ww
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: Why Appia?
Why Appia? • Appia’s Alces Lake Project is the highest-grade critical rare earths and gallium prospect in North America and one of the highest-grade rare earth prospects in the world. Metallurgic testing confirms processing potential similar with other producing mines • Appia is dept free and its go
Slide 4: Elliot Lake, ON: Uranium and REE Resource
Elliot Lake, ON: Uranium and REE Resource appiareu.com CSE:API 4
Slide 5: Elliot Lake NI 43-101 Resource
Elliot Lake NI 43-101 Resource NI 43-101 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.) (lbs./ton) (M lbs.
Slide 6: 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 7: Rare Earth Elements (REE)
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 8: 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’s discovery is one of a kind – massive monazite exposure at/near surface • Excelle
Slide 9: Alces Lake Project – 2022 Exploration Drilling
Alces Lake Project – 2022 Exploration Drilling Magnet Ridge 2022 drilling program of 17,481 metres of diamond drilling more than double meterage drilled 2017-2021 appiareu.com CSE:API 9
Slide 10: 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 11: 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 24 for individual element grades supporting TREO results appiareu.com CSE:API 11
Slide 12: 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 24 for individual element g
Slide 13: 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 from surface to depth (see cross-section A- B) appiareu.com CSE:API 13
Slide 14: Alces Lake Project – WRCB Cross Section A-B
Alces Lake Project – WRCB Cross Section A-B appiareu.com CSE:API 14
Slide 15: 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 16: Alces Lake Project Located Near Processing Facility
Alces Lake Project Located Near 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
Slide 17: Rare earths found exclusively in Monazite
Rare earths found exclusively in Monazite • 100% owned Alces Lake property (88,173 acres) holds high-grade and low-grade critical rare earths (CREO) project. • Alces Lake has the potential to be one of the best monazite-hosted rare earths occurrences in the world with high-grade REE surface minerali
Slide 18: 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 19: 2022 Project Update
2022 Project Update • $15 million raised in 2021 fully funds 2022 program • Commenced drilling in March 2022 at WRCB – to date 17,481 metres in 100 holes have been drilled (results pending). • New discovery has been made at Magnet Ridge (previously Augier), approximately 1.5 kilometres SSE of WRCB.
Slide 20: Alces Lake Summary
Alces Lake Summary 1. World-class Total and Critical REO grades 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) 4. Metallurgical testing confirms processing po
Slide 21: Appia Management
Appia Management (with over 300 years combined industry experience) Anastasios (Tom) Drivas | Acting CEO, President & 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 Reso
Slide 22: Appia Rare Earths & Uranium Corp. (CSE:API OTCQX:APAAF)
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 Sept 21, 2022) C$0.47 Basic Shares Outstanding 123.1M Options (weighted avg. strike price of ~C$0.515) 8.1
Slide 23: 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 24: Appendix A
Appendix A Alces Lake REO Summary Chart (2017-2020 results) Zone Slide # La2 O3 wt% CeO2 wt% Pr6 O11 wt% Nd2 O3 wt% Sm 2 O3 wt%Eu2 O3 wt%Gd2 O3 wt% Tb4 O7 wt%Dy 2 O3 wt%Ho2 O3 wt% Er2 O3 wt%Yb2 O3 wt% Lu2 O3 wt% Y2 O3 wt% ThO2 wt% U3 O8 wt% TREO wt%* CREO wt%** Alces Lake Average 5,8 3.873 8.203 0.8
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