CAP Project

OVERVIEW

Location

85Km Northeast of Prince George, BC.
Accessible year round, roughly 25km²
Strategic location near existing deposits
Historical results of 0.35% Nb2O5 over 10.42m
REE’s also found

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2025 Summer Exploration Program

The 2025 campaign will comprise up to 1,500 metres of diamond drilling and is fully funded and permitted under a five-year Multi-Year Area-Based (MYAB) permit.

Drilling will initially focus on the highest-priority targets identified from the 2024 surface exploration program (See News Release Dated November 12, 2024):, which included:

3.33% Nb₂O₅ returned from carbonatite outcrop sample
Boulder samples of 1.45% and 1.79% Nb₂O₅
Niobium and REE in soil anomalies extending over a 1.8 km trend with peak value of 1.21% total rare earth oxides (TREO)

Planned Drill Targets for the 2025 Campaign:

CAP25-005: Step-out targeting down-dip extension of CAP17-004 historical intercept (0.51% Nb2O5 over 4m)
CAP25-006: Testing depth extent of mineralized outcrop that returned 3.33% Nb2O5 from grab sample collected in 2024
Additional targets have been designed to test the mineralized extent of niobium/REE soil and coincident radiometric anomalies samples.

Map showing approximate location of CAP25-005, 2024 rock samples, and 1.8 km anomaly trend.

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Preliminary Result Highlights

CAP25-006 – Strong niobium mineralization starting at 33.5 m downhole with 36 m at 0.59% Nb₂O₅, including a higher-grade zone of 10 m averaging 1.08% Nb₂O₅. (33.5m to 43.5 m), (red box).
CAP25-006 – Abundant pyrochlore observed between 38 and 41 m, a ~3 m section within the broader interval that assayed 1.08% Nb₂O₅ over 10 m.
Significant niobium discovery in drillhole at the Cap Carbonatite starting from only 33.5 m downhole.
Mineralization remains open in all directions.
Assays pending for remaining 1,691 m drilled to date from six (6) drillholes.

Drill Program extended to test additional targets given the early program successes.

CAP25-006

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CAP25-006

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2025 Summer Exploration Photos

2024 Summer Exploration Program Results

Highlights

Apex Critical Metals Identifies 1.8km Anomalous Niobium Trend Northwest of Known Mineralization at CAP Project
Outcrop sample returned 3.33% Niobium (Nb₂O₅) with four (4) additional outcrop samples assaying between 0.16% to 0.50% Nb₂O_5.Two mineralized carbonatite outcrops discovered are separated by approximately 250 meters.
Two (2) carbonatite boulders returned 1.79% and 1.45% Niobium respectively.
Soil sampling outlined a definitive niobium anomaly along an interpreted trend of known mineralized carbonatite outcrops and overlying radiometric anomaly.
- Elevated TREO (total rare earth oxides) values also identified with one soil sample assaying 1.21% TREO and three (3) additional samples between 0.33% and 0.34% TREO.
Stream concentrate sampling proved an effective exploration tool with four (4) samples returning > 275 ppm Niobium to a maximum of 360 ppm Niobium, coincident with anomalous soil zones and mineralized rock samples.

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Niobium Trend, Apex Critical Metals Cap Property in British Columbia

View the full results of our 2024 Summer Exploration Program

HISTORICAL RESULTS

Historical Results

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Drilling for Rare Earth Elements revealed high-grade niobium near a magnetic anomaly, meriting further exploration.

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EXPLORATION PLAN

Exploration (12-month) Plan:

Milestones
Tasks
Expected timelines
Expected costs

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COMPARABLE CASE STUDY

WA1 Resources (ASX:WA1)

First drill hole discovers the P2 carbonatite in October 2022.
Luni carbonatite discovered shortly after.
$10M financing to further explore the Luni discovery.
Luni target extended in Q2 2023.
$10M and $15M financings progressed the extension of the Luni & P2 carbonatites targets.
Initial Mineral Resource estimate expected Q2-2024.

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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.

PYROCHLORE

Pyrochlore

Commonly processed mineral for niobium, processed into FeNb.

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CAP PROJECT