FSE 35D: $ VOL: 

Wicheeda Property


Key Highlights

The Wicheeda Property consists of 6 mineral claims covering an area of 1,708 hectares, located approximately 80 km northeast of the city of Prince George, British Columbia

Favorable mineralogy and lanthanide distribution make Wicheeda a very attractive LREE deposit

Two specific rare earth minerals Monazite and Synchysite/Parasite-Bastnaesite with contained in approximately equal proportions

Ideal opportunity for vertical integration, to support rapidly growing market, reducing reliance on China

2019 Project Milestones

1. See Defense Metals News Release Dated October 23, 2019.
2. The true width of REE mineralization is estimated to be 70-100% of the drilled interval.
3. See Defense Metals News Release Dated December 12, 2019.

Property Geology

May 13, 2020 Defense Metals Completes Updated Resource Estimate for the Wicheeda Project 49% increase in overall tonnage, and 30% increase in overall average grade compared to previous mineral resource

Indicated Resources of 4,890,000 tonnes averaging 3.02% LREO2 (Light Rare Earth Oxide) and, Inferred Resources of 12,100,000 tonnes averaging 2.90% LREO reported at a cut-off grade of 1.5% total metal.3

Wicheeda Deposit Looking Northeast Showing 1% LREE Grade Shell
1See Defense Metal News Release dated May 13,2020. The resource is classified according to the CIM “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines” dated November 29th, 2019 and CIM “Definition Standards for Mineral Resources and Mineral Reserves” dated May 10th, 2014. A NI 43-101 technical report disclosing the Updated Wicheeda REE Project MRE will be filed on SEDAR within 45 days. 2LREO sum of Ce2O3+La2O3+Nd2O3+Pr2O3+Sm2O3, 3Total Metal % cut-off expressed as the sum of Ce+La+Nd+Pr+Sm+Nb percentages

Significant Assay Results

*The true width of REE mineralization is estimated to be 60%-100% of the drilled interval
1 November 20th, 2019 – Defense Metals Drills 4.21% Light Rare Earth Oxide Over 48 Metres and Extends Mineralized Zone at Wicheeda Rare Earth Element Deposit
2 The technical content of this presentation have been reviewed and approved by Kris Raffle, P.Geo., a Director of the Company and a Qualified Person as defined by National Instrument 43-101.

Wicheeda Plan Deposit View

Property Location

Strategically positioned alongside a major forestry service road connected to Highway 97

Major hydroelectric power line, major gas pipeline and a Canadian National railway line it the nearby village of Bear Lake

Trained nearby workforce

Prince George is a strategic mining centre