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Appia Energy Corp

 

 

 

 

 

Exploring and developing uranium and rare earth deposits in Canada’s Athabasca Basin area of northern Saskatchewan and the historic mining camp of Elliot Lake, Ontario.

 

Download Corporate Presentation Here

 

SASKATCHEWAN

 

 

Athabasca Basin Properties

 

 

Appia is currently focusing on continued exploration for high-grade critical rare earth elements and uranium in surface showings on its Alces Lake property, as well as discovering high-grade uranium deposits in the prolific Athabasca Basin area on the Loranger, Eastside and North Wollaston properties.  The company currently holds the surface rights to exploration for about 63,980 hectares (158,098 acres) in Saskatchewan.

 

Alces Lake

 

 

COMMODITIES:

RARE EARTH ELEMENTS, IN PARTICULAR NEODYMIUM (ND), PRASEODYMIUM (PR) AND DYSPROSIUM (DY) WHICH ARE CRITICAL FOR FABRICATION OF PERMANENT MAGNETS

URANIUM, THORIUM, PHOSPHATES, TITANIUM AND ZIRCON

OWNERSHIP

100% APPIA ENERGY

 

SIZE

14,334 HECTARES (35,420 ACRES)

 

Loranger

 

 

COMMODITIES

URANIUM, REES, THORIUM, MOLYBDENUM

 

OWNERSHIP

100% APPIA

 

SIZE

33,407 HA.

 

North Wollaston

 

COMMODITIES

URANIUM, MOLYBDENUM, REES

 

OWNERSHIP

100% APPIA

 

SIZE

11,306 HA.

 

Eastside

 

 

COMMODITIES

URANIUM, MOLYBDENUM, COPPER, PGE

 

OWNERSHIP

100% APPIA

 

SIZE

4,933 HA

 

Elliot Lake Property

 

 

Overview

 

Appia has NI 43-101 Mineral Resources of 14,435,000 tons grading 0.554 lbs. U3O8/ton and 3.30 lbs. TREE/ton for a total of 8.0 M lbs U3O8 and 47.7 M lbs TREE Indicated and 42,447,000 tons grading 0.474 lbs. U3O8/ton and 3.14 lbs. TREE/ton for a total of 20.1 M lbs. U3O8 and 133.2 M lbs. TREE Inferred in the Teasdale Zone plus 30,315,000 tons grading 0.912 lbs. U3O8/ton for a total of 27.6 M lbs U3O8 Inferred in the Banana Lake Zone in the Elliot Lake, ON, historic mining camp.  The resources are largely unconstrained along strike and down dip.  *Refer to the Teasdale Lake zone and Banana Lake zone pages for qualifying notes regarding the Mineral Resource estimates, and individual element grades supporting the reported TREE results.

 

 

Teasdale Lake Zone

 

Resource Snapshot

 

 

Indicated Resources
Average Thickness 9.48 m
Overall Size 14,435,000 tons of rock
U3O8 Size 7,995,000 lbs U3O8
Grade U3O8 0.554 lbs U3O8/ton
0.028 wt% U3O8
REE Size 47,689,000 lbs TREE
Total REE Grade

Individual REE Grades

3.30 lbs TREE/ton
0.165 wt% TREE

422 ppm La
745 ppm Ce
73.8 ppm Pr
247 ppm Nd
41.1 ppm Sm
1.7 ppm Eu
26.2 ppm Gd
3.2 ppm Tb
14.3 ppm Dy
2.3 ppm Ho
5.8 ppm Er
0.8 ppm Tm
4.6 ppm Yb
0.7 ppm Lu
59.4 ppm Y

Inferred Resources
Average Thickness 9.82 m
Overall Size 42,447,000 tons of rock
U3O8 Size 20,115,000 lbs U3O8
Grade U3O8 0.474 lbs U3O8/ton
0.024 wt% U3O8
REE Size 133,175,000 lbs TREE
Total REE Grade

Individual REE Grades

3.14 lbs TREE/ton
0.157 wt% TREE 

401 ppm La
709 ppm Ce
63.9 ppm Pr
232 ppm Nd
39.0 ppm Sm
1.6 ppm Eu
24.6 ppm Gd
3.0 ppm Tb
13.5 ppm Dy
2.1 ppm Ho
5.5 ppm Er
0.7 ppm Tm
4.4 ppm Yb
0.6 ppm Lu
56.5 ppm Y

 

TREE = Total Rare Earth Elements

TREE = sum of La+Ce+Pr+Nd+Sm+Eu+Gd+Tb+Dy+Ho+Er+Tm+Yb+Lu+Y
ppm = parts-per-million, 500 ppm = 1 lb/ton

 

  • The Teasdale Lake zone Uranium and Rare Earth Element Mineral Resource Estimate is effective as of July 30, 2013
  • Mineral Resources were prepared from a polygonal model estimated at a cut-off value of $100 per tonne, using a uranium price of US $70/lb. U3O8, a combined TREE price of $78/kg, and a C$:US$ exchange rate of 1:0.9
  • A specific gravity (S.G.) of 2.85 tonnes/m3 (or 3.14 tons/m3) was used
  • Indicated amounts may not precisely sum due to rounding
  • Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.  The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues
  • The quantity and grade of reported Inferred Resources are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured Mineral Resources, and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category
  •  The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005

 

Stage

 

Exploration and resources delineation

 

Teasdale Lake Resource Polygons as of July 2013

 

 

Mineralization Cross-Section of the Teasdale Lake Zone

 

 

Banana Lake Zone

 

Resource Snapshot

 

 

Inferred Resources
Overall Size 30,315,000 tons of rock
U3O8 Size 27,638,000 lbs U3O8
Grade U3O8 0.912 lbs U3O8/ton
0.046 wt% U3O8

ppm = parts-per-million, 500 ppm = 1 lb/ton

 

  • The Banana Lake zone Uranium Mineral Resource Estimate is effective as of April 01, 2011
  • Mineral Resources were prepared from a polygonal model estimated at a cut-off value of $100 per tonne, using a uranium price of US $70/lb. U3O8, and a C$:US$ exchange rate of 1:0.9
  • A specific gravity (S.G.) of 2.85 tonnes/m3(or 3.14 tons/m3) was used
  • Indicated amounts may not precisely sum due to rounding
  • Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.  The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues
  • The quantity and grade of reported Inferred Resources are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured Mineral Resources, and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category
  • The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005

 

Stage

 

Exploration and resources delineation

 

 

Banana Lake Resource Polygons as of July 2011

 

Historic Resources

 

Resource Snapshot

 

The following historic resources were not estimated in accordance with definitions and practices established for the estimation of Mineral Resources and Mineral Reserves by the Canadian Institute of Mining and Metallurgy. As such, the historical resources are not compliant with Canada’s security rule National Instrument 43-10, and unreliable for investment decisions. Neither Appia nor its Qualified Persons have done sufficient work to classify the historical resources as current mineral resources, except where noted for Teasdale Lake and Banana Lake Zones. Nevertheless, most of the historic resources were estimated by mining companies active in the Elliot Lake area using assumptions, methods and practices that were accepted at the time, and based on corroborative mining experience.

 

 

Teasdale Lake Zone
True Vertical Depth Range to Top of Ore Zone 48.8 m to 626.9 m
Thickness 1.5 m average
0.6 m to 2.9 m range
Overall Size 17,458,200 tons of rock
U3O8 Size 20,787,200 lbs U3O8
Grade U3O8 1.206 lbs U3O8/short ton
0.060 wt% U3O8
Banana Lake Zone
True Vertical Depth Range to Top of Ore Zone 1,433.0 m to 1,581.0 m
Thickness 5.4 m average
3.4 m to 13.4 m range
Overall Size 175,800,000 tons of rock
U3O8 Size 133,608,000 lbs U3O8
Grade U3O8 0.760 lbs U3O8/short ton
0.038 wt% U3O8

 

Gemico Block #3 (Buckles Zone)
True Vertical Depth Range to Top of Ore Zone 1,118.0 m
Thickness 28.5 m average
Overall Size 42,800,000 tons of rock
U3O8 Size 16,264,000 lbs U3O8
Grade U3O8 0.380 lbs U3O8/short ton
0.019 wt% U3O8
Gemico Block #10 (Bouck Zone)
Thickness 3.0 m average
2.1 m to 4.7 m range
Overall Size 20,700,000 tons of rock
U3O8 Size 15,525,000 lbs U3O8
Grade U3O8 0.750 lbs U3O8/short ton
0.0375 wt% U3O8

 

Canuc Zone
Thickness 1.4 m average
Overall Size 7,000,000 tons of rock
U3O8 Size 13,020,000 lbs U3O8
Grade U3O8 1.860 lbs U3O8/short ton
0.093 wt% U3O8

 

 

 

Management

 

Appia’s management, directors and consulting team have extensive experience with uranium exploration in the prolific Athabasca Basin district of northern Saskatchewan, and uranium and rare earth development and mining in the historic Elliot Lake mining camp.

 

Anastasios (Tom) Drivas

CEO, PRESIDENT, DIRECTOR

 

Tom Drivas is a business entrepreneur with over 30 years of experience in various industries, including over 20 years in the mineral resource industry and is also currently the President, CEO and a Director of Romios Gold Resources Inc., a publicly traded company he founded in 1995.

 

Frank van de Water B. COM., CPA, CA

CFO, SECRETARY, DIRECTOR

 

Frank van de Water has been involved with international mining, metals and resource companies in North and Latin Americas, Europe and Africa for over 40 years.

 

James Sykes B.Sc. GEOLOGY

VP EXPLORATION & DEVELOPMENT

 

James brings 10 years of Athabasca Basin uranium exploration and discovery experience to the team, most notably from prominent roles for NexGen’s Arrow deposit and having provided invaluable work on Hathor’s Roughrider deposits. Over the past decade, he has been directly and indirectly involved with the discovery of over 450 M lbs. of U3O8 in the Athabasca Basin.

 

 

Board of Directors

 

Anastasios (Tom) Drivas

CEO, PRESIDENT, DIRECTOR

 

Tom Drivas is a business entrepreneur with over 30 years of experience in various industries, including over 20 years in the mineral resource industry and is also currently the President, CEO and a Director of Romios Gold Resources Inc., a publicly traded company he founded in 1995.

 

Frank van de Water B. COM., CPA, CA

CFO, SECRETARY, DIRECTOR

 

Frank van de Water has been involved with international mining, metals and resource companies in North and Latin Americas, Europe and Africa for over 40 years.

 

Brian Robertson B.Sc., P.ENG., GRAD. DIPL. BUSINESS ADMINISTRATION

DIRECTOR

 

Brian Robertson has extensive experience in all aspects of mine operations, development and construction.  He served in numerous senior management positions for Placer Dome Inc. and Royal Oak Mines Ltd., and currently is President and CEO of Source Exploration Corp.

 

Thomas Skimming B.Sc. GEOLOGY, P.GEO, P.ENG.

DIRECTOR

 

Thomas Skimming has been instrumental in the discovery and development of several mineral deposits including the world-class Teck-Corona gold deposit at (Hemlo) in Canada. He has over 50 years of experience in the mineral resources industry and he has served as an officer and/or director in a number of public exploration and mining companies.

 

Douglas H. Underhill Ph.D., MBA, CPG

DIRECTOR

 

Dr. Underhill is a geologist with more than 30 years of international experience in the uranium industry at the commercial level including 7 years with the International Atomic Energy Agency (IAEA) in Vienna.  His specialties range from world uranium geology resource estimation through supply-demand analysis.  He has presented on these topics on five continents and has advised governments on uranium developments in the USA, Australia and China.

 

William Johnstone L.L.B.

LEGAL COUNSEL & DIRECTOR

 

Bill Johnstone is a partner at Gardiner Roberts LLP, practicing corporate and securities law and is the Practice Leader of the firm’s Securities Law Group.  He is also a director and officer of numerous public companies.

 

Nick Bontis Ph.D., B.A.

DIRECTOR

 

Nick Bontis is a tenured professor of strategic management at the DeGroote School of Business, McMaster University. He received both his Bachelor of Arts (Honours Business Administration, 1992) and his Ph.D. (1999) from the Ivey School of Business at The University of Western Ontario.  He is also an Executive Board Member and Director at Harvest Portfolios Group.

 

Consulting Team

 

Dr. Irvine R. Annesley Ph.D., P.GEO.

ADVISOR AND CONSULTANT

 

Dr. Annesley (Ph.D., P.Geo.) is Professor in Economic (Mining and Mineral Exploration) Geology at École Nationale Supérieure de Géologie, (Nancy, France), and Adjunct Professor in Geology at the University of Saskatchewan, (Saskatoon, Canada). He has over 35 years of global exploration and applied research experience in uranium, gold, and base metals, most recently with Athabasca uranium explorer JNR Resources Inc.

 

Robert (Bob) MacGregor P.ENG.

ADVISOR

 

Bob MacGregor has over 30 years of experience as a mining engineer and geological consultant, including 14 years working at Elliot Lake uranium mining camp. He has been involved in uranium leaching facilities, deep mining studies and was also involved in the development of a Yttrium oxide recovery process at Elliot Lake.

 

Alan D. MacEachern B.Sc. GEOLOGY

CONSULTING GEOLOGIST

 

Alan MacEachern is the former chief geologist for Denison Mines Ltd. Elliot Lake, Ontario, and has 39 years of experience with all aspects of Elliot Lake geology.

 

Watts, Griffis and MCOuat (WGM) Limited

CONSULTANTS

 

An independent firm of consulting Professional Geologists and Engineers based in Toronto, Ontario, Canada. Since 1962, WGM has served the international mining community by completing projects in over 120 countries.

 

Capital Structure (As of January 22, 2019)

Issued: (Insiders approx. 50.8%)          64.0 Million Shares

Fully Diluted:                                       86.7 Million Shares

52 week Trading Range:                       $0.32 – $0.11 CDN

Market Capitalization:                          $19.8 Million CDN

 

Contact Details

 

Appia Energy Corp.

Suite 500 – 2 Toronto St.
Toronto, ON M5C 2B6
Phone: (416) 546-2707
Fax: (416) 218-9772
Email: appia@appiaenergy.ca

 

Posted March 14, 2019

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