NORTHERN RARE EARTH

COGNAC PROJECT

Access & Location

The Cognac REE project is situated in Québec’s Abitibi-Témiscamingue region, approximately 250 km northwest of Ottawa and 60 km east of Témiskaming. The nearest village, Kipawa, is 50 km east from the property.
Access is convenient via the paved 101 Highway. The main lumber road R0819 transects the property East-West and allows an optimal access to most parts of the property.
Most necessary mining infrastructure is available nearby, including power lines, highways, and municipal services.

Geological Setting

The Cognac REE project comprises 81 claims totaling 48 km2. encompassing several NW-SE trending structural features.
Regional geology consists of felsic gneisses, dioritic gneisses, orthogneisses, and amphibolites.
All these rocks are crosscut by late NW-SE faults where several REE showings, outside of the property, are associated. The Lac de la Ligne has an historical REE showing grading 2.70% TREO (REE + Y).
The Zeus REE deposit with 43-101 compliant proven reserves of 10.2 Mt @ 0.440% TREO and probable reserves of 9.55 Mt @ 0.379% TREO is 12 km NW of the property.
Exploration will target an area of 4 km x 2 km within a corridor of possible NW-SE faults, extending towards the property.