Appia Rare Earths & Uranium Corp. reported substantial results from a comprehensive exploration campaign, comprising a total of 47 Reverse Circulation (RC) holes as part of 2023 drilling program in the Buriti REE Target. This target spans approximately 2 km by 1.2 km and is open to the south.

The average drill hole depth was 14 metres, with a total weighted average grade of 853 parts per million (ppm) Total Rare EarthOxide (TREO), 148 ppm Cobalt Oxide (CoO), and 67 ppm Scandium Oxide (Sc2O3) across all 47 drill holes. Scandium is most commonly used in aluminum-scandium alloys for aerospace industry components and for specialized sports equipment such as bicycle frames. Current Scandium average metal price, provided by the Institute for Rare Earths and Metals AG, is USD 3,100.00/Kg (99.99% purity) and USD 5,200.00 (99.999% purity).

Cobalt is primarily used in lithium-ion batteries and in the manufacture of magnetic, wear-resistant and high-strength alloys. The clay/saprolite hosted Buriti REE Target is underlain by mafic and ultramafic lithologic units associated with a Cretaceous-age regional alkaline complex. Despite Buriti's proximity to the south of Target IV, where the lithology consists of granites and alkali breccias, this new target is predominantly composed of intensively weathered gabbro, diorite and pyroxenite.

Appia is continuing to explore additional targets through an ongoing auger drilling program across the expansive 40,963.18 Ha of the PCH property. Appia will be participating at this year's Prospectors and Developers Association of Canada's (PDAC) event from March 3-6 th 2024 at the Metro Toronto Convention Centre.