Appia’s Elliot Lake uranium-REE property includes 101 claims 3 km north of Elliot Lake. The property is also only 58 km northeast of Blind River, Ontario, where Cameco operates the world’s largest commercial uranium refinery.
Spurred by the necessities of the Cold War, uranium mines in Elliot Lake produced 362 million lb. of uranium oxide from 1955 through 1996.
The resources at Appia’s Elliot Lake project were last updated in 2013 and include two zones. Both zones are largely open along strike and down dip.
The Teasdale Lake zone has 14.4 million indicated tons grading 0.554 lb. uranium oxide per ton (for 8 million lb. contained metal) and 0.3.3 lb. total REE per ton (for 47.7 million lb. total REEs). The inferred portion is 42.4 million tons at 0.474 lb. uranium oxide (for 20.1 million lb. contained metal) and 3.14 lb. total REE per ton (for 133.2 million lb. total…
