Bianco Project

OVERVIEW

The Bianco Carbonatite Project is situated approximately 12½ km southwest of the Kingfisher Lake First Nation and 156 km north of Pickle Lake, Ontario. It comprises 85 single cell mining claims, encompassing approximately 3,735 hectares (9,229.3 acres), and is characterized by a geophysical magnetic anomaly consistent with carbonatite complexes observed in the region

Highlights

3,735-hectare property covers large carbonatite complex within an area known reported niobium mineralization.
Located in Northern Ontario approximately midway between the Schryburt Lake and Big Beaver House Carbonatite projects, both with known niobium (Nb) and rare earth (REE) mineralization.
The complex was identified and mapped by the Ontario Geological Survey in the 1970’s.
Winter road passes within approximately 18km of the Project.

Residual magnetic field geophysical data showcasing distinct magnetic signature on the Bianco property and on surrounding carbonatites

Click image to enlarge

HISTORICAL RESULTS

Historical Results

The Bianco Carbonatite Project was originally identified and mapped by the Ontario Geological Survey in the 1970s. The project is located between the Big Beaver House and Schryburt Lake carbonatite projects, both of which have reported niobium and rare earth mineralization.

The Company is not aware of prior property-scale exploration at Bianco. Historical information from nearby projects is used by the Company for regional geological context only. Mineralization at nearby projects is not necessarily indicative of mineralization at the Bianco Project.

For additional information, including source information, Qualified Person disclosure and data-verification cautionary language, see Apex news release dated November 27, 2024.

Geology map detailing carbonatite complexes mapped by the OGS in the 1970s, as well as surrounding rock types

Click image to enlarge

WHAT IS A CARBONATITE?

How is it Formed?

Deep-seated magmatic intrusions
Rich carbonate mineral makeup, typically appearing as intrusive plugs or in forms like dykes, sills, breccias, or veins
Enriched with elements like niobium, rare earth elements, phosphorus, tantalum, scandium, and titanium
Carbonatites are relatively rare in geology, with notable sites including Araxá, Bayan Obo, Mt. Weld, Mountain Pass, and Palabora
Of the approximately 600 known carbonatites, about 10% mined

Economic Importance

Produce essential elements like niobium and rare earth elements, crucial for high-tech industries.
Carbonatite production drives economic development in energy, defense, and electronics sectors.

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BIANCO PROJECT