We have taken significant strides in advancing the PCH Rare Earths Ionic Clay Project by enlisting the services of SGS Geological Services (SGS) to prepare a comprehensive NI 43-101 technical report and maiden Mineral Resource Estimate (MRE) focused on Target IV, which consists of 193.28 hectares of the total 40,963-hectares. The project consists of 22 claims and holds immense potential for mineral exploration within a region known for its robust infrastructure and mining activity. Our ongoing exploration program, featuring diverse methodologies like RC drilling and LiDAR surveying, has confirmed mineralization from the surface. SGS, with its unparalleled expertise in precious metals, base metals, and critical minerals, will leverage their experience to fulfill Appia’s primary objective of delivering an MRE on Target IV along with an NI 43-101 Technical Report. The commencement of work is imminent upon the receipt of the database, with expected results within Q1, 2024. The collaboration with SGS signifies Appia’s commitment to advancing its projects with precision and industry-leading expertise.
The PCH Ionic Clay Project is located in Goiás state, Brazil, approximately 216 km by GO-060 from Goiânia, the state capital, and 410 km from Brasilia, the capital of Brazil. The property is located approximately 30 km from Iporá, a mid-size city of approximately 31,500 population (2018 census). Access to the property from Iporá is excellent by regional roads, with a mix of hard surface and gravel surface roads. Within the property boundaries, a network of gravel surface rural and unsurfaced farm roads provides excellent access. Figure 1 illustrates the property location.
The PCH property surrounds tenements held by Vale and Dundee Precious Metals in the central area of the tenement package, as well as tenements held by Atlas Litio in the northwest of the overall PCH tenement holdings (Figure 2). The Vale and Dundee tenements are associated with a significant ultramafic complex comprised of dunite and peridotite which is the focus of nickel exploration.
DNPM Process Number
Source: 3S LTDA
Figure 1 provides a detailed tenement map, including the recently acquired tenements. All tenements are held as exploration tenements and are valid for various periods from June 15, 2024 through to at least 30 September 2027. Surface rights are held by local landowners. The surface area is currently predominately farmland used for grazing and field crops such as soybeans.
Exploration to date on the property has identified six priority targets (“alvo”) on portions of the tenements in the western half of the property (Figure 3). Target IV has been the primary focus of activity to date.
Access to the property is excellent via a network of hard surface, gravel and unsurfaced roads from Iporá and throughout the tenements. The climate is predominantly tropical, hot, and semi-humid with a dry season (April to September) and a rainy season (October to March). The average annual rainfall is 1,500 mm. The average annual temperature varies between a maximum of approximately 33°C in the summer and a minimum of 17°C in the winter. The project area is located within a low
To medium rainfall area. There is no surface water in the area except for small creeks. The vegetation in the area is represented by fields, savannas and gallery forests. The area is classified as “cerado”, characterized by the occurrence of grasses, shrubs and spaced trees. Much of the original vegetation has been replaced by pastures with intense livestock activity and field crops such as soybeans. Higher elevations are typically moderately forested. Local roads are well maintained and travel by standard vehicles is generally possible. 4WD vehicles are generally not required.
Figure 2 provides a detailed tenement map, including the recently acquired tenements. All tenements are held as exploration tenements and are valid for various periods from June 15, 2024 through to at least 30 September 2027. Surface rights are held by local landowners. The surface area is currently predominately farmland used for grazing and field crops such as soybeans.
Iporá is a regional population centre with a population of approximately 31,500 (2018 census). The city can provide a full range of services in support of exploration. There is a municipal airport which can handle small regional carrier aircraft. The nearest railway siding is at Goiânia. The railway leads north to the town of Palmas and south the São Paulo and the port of Santos.
Drilling programs within Target IV have yielded comprehensive assay data, with a focus on delineating a maiden Mineral Resource Estimate (MRE) and NI 43-101 in collaboration with SGS Geological Services.
This newly identified mineralized Buriti Target, located within the weathered profile southward from the current area of interest, was revealed through exploratory RC and Auger drilling conducted as part of the completed 2023 drill program.
Newly discovered mineralized zone named BURITI, showcasing mineralization of Scandium (Sc), Cobalt (Co) and Rare Earth Elements (REE).
300-hole drill campaign, 47 holes were executed within the newly defined Buriti Target Zone.
Analytical results for the 46 pending RC and Auger drill holes from this mineralized zone will be reported once received. Metallurgical testing is planned to confirm the economic potential of the Buriti Target.
The Company has an ongoing auger drilling program across the entire PCH property to identify additional target zones, which further underscores our commitment to thorough exploration beyond the established Target IV and Buriti Target areas.
As of now, there are no official technical or mineral reports accessible for the PCH project.