APUI ENE REE

APUI ENE REE project

• A regional reconnaissance auger drilling conducted within two leases recently granted (Figure 4) east of Apuí locateda new style of REE mineralisation associated with a sedimentary unit rich in potash.
• The highest-grade portion of hole APTR 013 is coincident with a potash-rich zone, grading approximately 7% K2O (Table 3), interpreted as being related to a potassium-rich sedimentary horizon, potentially of significant areal extent. The hole was terminated at 12m in strongly-mineralised saprolite, grading 1804ppm TREO.
• The multi-element distribution along the auger hole APTR013 (Table 3) indicates that the highest TREO grades from 7 metres down hole are directly correlated with a potash-rich sediment (7% K2O) anomalous in rubidium, with silica and iron contents typical of a mature glauconitic sandstone which occurs in extensive marine sediments. Glauconite decomposes into halloysite, kaolin and smectite where REEs may be ionic or colloidally hosted.
• Uranium and thorium are low, compatible with ionic rare earth mineralisation.

Table 3: Hole APTR-013 multi-element distribution

Significant results:

• 12 metres @ 1,380 ppm TREO from surface, including 5m @ 1,942 ppm TREO from 7 metres (APTR 013)
• 3 metres @ 1,130 ppm TREO from surface (APTR 014)
• 4 metres @ 908 ppm TREO from surface (APTR 018)

FIGURE 4 - APUI & APUI ENE PROJECTS – DRILLING STATUS SHOWING TERNARY RADIOMETRIC RESPONSE