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Project Portfolio

TT Claims, Labrador

The company currently holds two licenses in central Labrador covering 825 hectares (known collectively as the "TT claims") that are contiguous to the north and west of the Two Tom rare earth element ("REE") project. The Two Tom REE project boasts an historical 43-101 mineral resource estimate, using a 0.6 TREO% cut-off, with an Inferred Resource of 41Mt at 1.18% TREO, 0.26% Nb205, 0.18% BeO and 0.06 ThO2% with 5% of the TREO being made up of HREOs.

The new staked licenses do not cover any portion of the historical resource area, so these results should not be relied upon as being indicative of the potential of the new licenses held by Supernova.