CAP PROJECT

OVERVIEW

Location

  • 85Km Northeast of Prince George, BC.
  • Accessible year round, roughly 25km2
  • Strategic location near existing deposits
  • Historic results of 0.35% Nb over 10 metres
  • REE’s also found

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PYROCHLORE

Pyrochlore

  • Commonly processed mineral for niobium, processed into FeNb.

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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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