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 welcome to CEO insights I'm mariland Guzman with investing news.com I'm speaking with Steven BGA president of apia rare Earths and uranium hi Steven hi there how you doing today good to see you again it's great to see you as well yes so you know fresh news from your company is your uh recently released uh in independent Maiden mineral resource estimate yes tell us some of the highlights of that uh of that M well so the MREs on our ionic clay absor absorption clay asset in Brazil so we're

in the state of goyas which is a Central State to the in in the country of Brazil we're just outside of a town called iora and uh it's an exciting asset cuz we're looking at a we're looking at a relatively small portion of that asset it's about just under 500 hectares and we as you've mentioned just announced a very significant made in Mineral resource estimate of uh 46 million tons of Trio of of uh of resource uh on the inferred level and 6.6 million tons on the indicated level

across two Targets one's called Target 4 and the other is the bti Zone the north Target Target 4 is very exciting for highgrade trio so that's total Rare Earth oxide potential the lower the the the southern Target is called The bitti Zone and not only do we have exciting levels of Trio we also have Scandium and Cobalt in in our results on the southern Target so it's a small Target area as I mentioned because we actually have 40,000 hectares across 22 claims in the contiguous in the area so we're very

excited by the potential for further exploration identification of new targets and moving this asset forward in a very significant way right so what's the next steps after the M for that Pro well we we'll continue our exploration activities of course so the next step would be to step out further the overall size of the existing zones that we've identified the bit Zone and the target 4 there's expansion potential all around the area and then we'll be targeting additional additional

areas outside of that core and ident in drill drill testing new targets across the entirety of the property so it's going to be a busy 2024 and 2025 for sure for us yeah you do have other projects as well could you talk a b more about that and plans for that so apia has has traditionally had Assets in Canada so the Brazil the step out to Brazil only started in last year we did all this work within an eight-month window and a very modest budget so we're we're excited with the outcome on that

but we're equally as excited about our Flagship property which has always traditionally been Elie's Lake which is a hard rock monite asset in Northern Saskatchewan in addition to Alis we have our uranium properties so we have four small uh four early stage exploration projects in Saskatchewan and then we have a historic resource on our Elliot Lake Project which has uh 55 million pounds of uranium in a resource estimate and these assets were continuing to move forward without a question and we're

just starting to plan our work program for 2024 at the El's Lake count so what's the uh given the you know success or the The Good the Outlook a positive outlook with the uranium market right now um how is that uh affecting impacting sort of your planning or strategy for your uranium assets Ur assets continue to be a huge Focus for us an important focus of the company um but there's only so much you can do with the amount of money you have in the bank and you have to make a a a decision one way or the other to focus

the dollars and the most with the Highest Potential asset at a any given time so we recently announced that a drill program on our linger asset um it's unfortunately been delayed a little bit due to weather issues uh uh global warming has affected our ability to get rigs on site uh the ice roads haven't come in this year so it's been a bit of a something we've had to we've had to roll with but the uranium assets continue to be a very significant component to the business and especially

the Elliot Lake asset with an existing resource of 55 million pounds of uranium in the ground um in a in a region that that historically has been producing uranium it's a very exciting asset for us because uh there's a lot of interest so we're certainly uh interested in looking at potential Partnerships and uh and opportunities for to toh to leverage that asset in the future and and then continuing to move forward with our uranium assets right so we're at pbac and you're talking to

investors um what do you say to that them what makes apia a compelling investment opportunity right now well that's that's not as that's not a straightforward question that's a big question you pdac has been amazing for us this year um we've had a constant flow of of investors retail uh potential Partners uh it's you know pdac is truly the greatest mining conference in the world this year it's it's showing its its strength and uh we've had an exceptional uh reception especially to

our recent noons with regards to the mineral resource estimate on the PCH project you know I think the compelling argument is that we are not only do we have hard rock monazite uh potential in in Northern uh Saskatchewan with extraordinarily high-grade material as well as thick zones of low medium grade we are also very lucky to have an ionic absorption clay asset that is relatively simple process to extract we're looking at the top 25 M essentially you average depth of somewhere between 12 and 1 12

and 13 M but some of the deeper holes were were were north of 25 M so you've got two very distinct types of projects and we're really excited because I don't think there's many PL many companies in the world that have the ability to not only talk about clay assets but also the Hard Rock side of things as well so to investors you have the op your option to invest in a company that has optionality not only in the rarest side but also in the uranium side so it's an exciting exciting time for Appia diversity is key

thank you stepen for taking the time to speak to me today I really appreciate you thank you so much and thanks everyone for watching join us again next time for another engaging conversation on CEO Insight if you like this video make sure you subscribe to our Channel and turn on notifications so you don't miss future updates and interviews see you next time