Quick Facts

Iron –T Vanadium-Iron-Titanium Project

Apella's IRON-T  Project is located in central Quebec, Canada just South-East of the mining centre of Matagami. The Iron-T covers part of the Bell River Complex which is a large layered Archean intrusion. Still at an early stage of development, the Iron-T was discovered in 1997 by Noranda Inc., and their work confirmed the presence of Vanadium, Iron and Titanium mineralization over a distance of more than 20 kilometres.

Geological resources of up to 250 million tonnes have been estimated at the site. Vanadium, Iron and Titanium values at the Iron-T have proven very similar in metallogeny to that of Apella Resources Inc's part owned Lac Dore Deposit in Chibougamau, 245 km to the east. With Vanadium in high demand for use in high-strength, low-alloy steels (HSLA), as well as increased demand for production of Vanadium Redox Batteries, Apella Resources is aiming for near term production at the Iron-T.

Iron –T Project Milestones

• 1979 -Sociétéde Développement de la Baie-James initiated an exploration program. Hole L-1-82-1 was bored in 1982 and successfully identified vanadiferous mineralization over significant widths on the property. Assay results returned 0.34% V2O5, 6.74% TiO2 and 25.19% Fe (total) over 56.39 m (estimated true width 39.87m).
• 1997-1998, Noranda Exploration Inc. carried out exploration under the supervision of a well recognized Vanadium expert, Dr. Mehmet Taner.
• Three grab samples collected from trenching during the exploration during the exploration program in 1997 returned values of 0.52 and 0.59% V2O5.
• A ground magnetic survey conducted in 2007 indicated that previous drilling and trenching were conducted within an area characterized by strong magnetic anomalies trending WNW and ESE extending over 2 km and 150 to 225 m wide.
• In August 2008 Apella conducted a channel sampling program to validate previous assays results obtained on the Trench A excavated by Noranda in 1997.
• Apella’s total sampling length was 25 m and the sampling length fixed at 1.0 m. The weighted average of the three channels is 0.49% V2O5, 8.09% TiO2 and 33.20% Fe.
• Apella Drills 93.66 Metres (307.28 feet) 43.87% Fe2O3, 7.90% TiO2, 0.41% V2O5 at Iron-T Vanadium-Iron-Titanium Project and

Iron –T Project Highlights

• The 100% owned Iron-T Vanadium project consists of 134 claims covering the Bell River Complex
• V-Ti-Fe Mineralization identified over 20 km’s
• Ground Magnetic survey completed (Report by Abitibi Geophysics, May 2010)
• 43-101 Report Completed

• Apella 2008 Channel sampling assay results yielded grades as high as: 0.819% Vanadium Pentoxide, 12.9% Titanium, 45.3% Iron
• Apella Drilling assay results yielded grades as high as:  1.34% Vanadium Pentoxide, 16.80% Titanium, 75.95% Iron

Phase 3 Drill Program Currently Underway

SGS Resource Calculation Currently Underway