CAP PROJECT

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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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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

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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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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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