CAP Project

OVERVIEW

Location

Comparable Aley Nb Deposit

Located in Northern British Columbia, approximately 250 km northwest of the CAP property.
Resource:
- 285.8 million tons (measured + indicated) at 0.37% Nb2O5.
- 144 million tonnes (inferred) at 0.32% Nb2O5 with a 0.2% cut-off grade.

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PYROCHLORE

Pyrochlore

Niobium deposits need coarse grained pyrochlore for better recoveries
Pyrochlore through an aluminothermic reaction is converted to ferro-niobium (FeNb), which is >90% of the niobium market

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Niobium Demand

FERRO-NIOBIUM

90%

NIOBIUM OXIDE

10%

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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MAGNETIC/RADIOMETRIC TARGETS

Historical Results

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EXPLORATION PLAN

Exploration (12-month) Plan:

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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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