Accesswire
30 Jun 2026, 07:01 UTC · 2h ago
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Apex has commenced a 2026 drilling program at the Cap Project to test a large 2.2 km x 1.8 km buried magnetic anomaly. — The discovery of a deeper carbonatite system in a large, previously untested anomaly could significantly expand the project's resource potential.
+0.60Two of the planned four drillholes will target extensions of the CAP25-006 niobium discovery, which previously returned 36 m at 0.59% Nb2O5. — Expanding an existing discovery provides a higher probability of success than greenfield exploration, potentially increasing the confidence in the local mineralized trend.
+0.40The 2026 exploration program consists of four drillholes totaling approximately 1,200 metres. — This defines the immediate scale of operational activity, though the small meterage suggests a targeted rather than comprehensive program.
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The company has commenced a new exploration program to test a large magnetic anomaly and extend a previous niobium discovery.
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TheNewswire
22h ago
