Geology

Apella CEO, Patrick O’Brien states, “this is an outstanding start to our development of the Lac Dore North project. Due to its proximity to the well-known Lac Dore Vanadium-Iron-Titanium deposit, we feel this drilling program has confirmed the extension of this unique formation. We are in the process of compiling as much precise geological data as possible at this early stage. We consider vanadium to be one of the world’s most important elements, given its steel strengthening properties and bright future in energy storage.”

Vanadium Deposit Type

Cover parts of the Lac Dore Complex which is a large, layered Archean intrusion occurring in the Chibougamau mining district.

Vanadium Deposit Size (Historical)

102 million tonnes (historical estimate based on exploration work by SNC LAVALIN during the 2001-2002 (Pre Ni43-101)).

Mining

Near surface deposit suitable for open pit mining.

Infrastructure

• Paved highway to the site
• 115 kV power line near site
• Elevation 1500 m
• 200 kms to port at James Bay, 250 kms to port at St. Lawrence

Planned Timeline

• Metallurgical Testing - ongoing

• Additional Drilling to Prefeasibility Study Level - Dates not set
• Prefeasibility Study - Dates not set
• Production - Dates not set

Advantages

• Potentially the world's largest known Vanadium deposit
• Development stage project
• Located to meet U.S. domestic market and good access to Asian markets
• Quebec is a mining friendly state with good infrastructure