- Appia recently entered into a definitive agreement to acquire up to a 70% interest in the 17,551.07-hectare PCH Project located in the State of Goiás, Brazil
- The company completed a due diligence program, with the initial results confirming widespread REE enrichment across the property
- Total rare earth element (“REE”) grades in numerous auger holes drilled at Target 4 ranged from 274 parts per million (“ppm”) to 16,648 ppm (1.66%), with an average of 1,291 ppm total REE, the results showed
- The PCH Project has a relatively higher content of heavy REE (“HREE”) in the deposit than Serra Verde, a large ionic-clay REE deposit and mine currently under construction in northern Goiás State
- Appia has since embarked on comprehensive exploration activities to uncover the potential of its highly promising deposit
Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF), a mineral exploration with multiple rare earths and uranium projects in mining-friendly jurisdictions, including Goiás State, Brazil and Saskatchewan and Ontario, Canada, took a “significant step in cementing itself among the upper tier of critical mineral explorers,” according to company President Stephen Burega, when it entered into a definitive agreement to acquire up to a 70% interest in the PCH Project (https://ibn.fm/cnyNm).
Located in the Tocantins Structural Province of the Brasilia Fold Belt, Goiás State, Brazil, the 17,551.07-hectare PCH Project is one of the few major ionic clay projects in the Western world and one of the relatively few ionic clay REE deposits found outside China. Ionic clays can be mined with…
NOTE TO INVESTORS: The latest news and updates relating to APAAF are available in the company’s newsroom at https://ibn.fm/APAAF
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