*Detailed Interpretation of Results1. TREO Grades and...

*Detailed Interpretation of Results

1. TREO Grades and Intercepts

• TREO Concentrations:

  • Most holes report significant TREO concentrations, often exceeding 1,000 ppm, with standout intervals reaching up to 6,046 ppm in 24WCRC015.
  • Other notable intercepts include:
    • 109m @ 1,109 ppm (24WCRC016), including 4m @ 1,677 ppm.
    • 80m @ 1,280 ppm (24WCRC017), including 16m @ 257 ppm MREO.
    • 73m @ 1,251 ppm (24WCRC015), including 2m @ 6,046 ppm.

  Industry Comparison:

  • TREO grades around 1,000 ppm are generally considered economically viable, especially if supported by favorable metallurgy and access to infrastructure.
  • The reported grades significantly surpass this threshold in many intervals, indicating potential for commercial viability. The presence of higher-grade zones (>1,500 ppm) adds to the economic attractiveness.

• Broad and Continuous Intervals:

  • Broad mineralization (e.g., 109m, 80m) starting near surface is a major advantage. It implies:
    • Low overburden removal costs.
    • Potential for open-pit mining, reducing operational costs.
    • Scalability of operations given consistent grade continuity.

2. MREO Grades

• High-Value Elements:

  • Magnet Rare Earth Oxides (MREOs) include Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), and Terbium (Tb). These are critical for permanent magnets used in:

    • Electric vehicles.
    • Wind turbines.
    • Other advanced technologies.

  • Significant MREO results include:

    • 24WCRC015: 4m @ 708 ppm, 1m @ 723 ppm, and localized 2m @ 1,208 ppm.
    • 24WCRC016: 8m @ 270 ppm MREO.
  Industry Comparison:
  • MREO grades over 250 ppm are regarded as significant, and grades above 500 ppm are highly attractive.
  • Intervals reported here are competitive within the global rare earth mining industry, suggesting the deposit could cater to high-value markets.

3. Geology and Consistency

• Host Rock and Mineralization:

  • Mineralization is hosted within biotite granite (an alkaline granite intrusion), known for hosting rare earth deposits globally.
  • The mineralized zone is consistently intersected across the drilling campaign, with mineralization remaining open at depth, indicating that further exploration could uncover additional resources.

• Mineral Identification:

  • Petrological analysis identified Monazite and Zircon as the primary rare earth element (REE) minerals.
  • Monazite is especially valuable for its high concentrations of light rare earths like Nd and Pr.
  • The presence of trace Pyrochlore and Columbite-Tantalite adds potential for niobium and tantalum credits.

  Implications:

  • Consistent geological features suggest the potential for a large-scale deposit.
  • Mineralogy supports ease of processing, as Monazite is a well-understood REE mineral in metallurgical practices.

4. Standout Results by Hole

Hole ID	Interval	Grade (ppm TREO)	Notable High-Grade Subsections
24WCRC015	73m from 7m	1,251 ppm	2m @ 6,046 ppm; 4m @ 708 ppm MREO
24WCRC016	109m from 11m	1,109 ppm	4m @ 1,677 ppm
24WCRC017	80m from surface	1,280 ppm	3m @ 1,516 ppm; 16m @ 257 ppm MREO
24WCRC008	80m from surface	1,144 ppm	1m @ 1,648 ppm
24WCRC002	86m from 3m	1,099 ppm	Broad mineralization with minor variation

5. Project Potential

• Strategic Importance of Elements:

  • The focus on high-demand REEs (Nd, Pr, Dy, Tb) positions the project favourably for industries like EV manufacturing and renewable energy.

• Exploration Scale:

  • With mineralization remaining open at depth and distributed across the intrusion, the deposit size could grow significantly.
  • The alkaline granite as a host suggests a homogeneous resource, which simplifies resource modelling and mining planning.

• Economic Considerations:

  • High TREO and MREO grades near surface reduce initial stripping ratios and capital expenditure.
  • The identification of multiple high-grade zones enhances potential project economics, particularly if these zones can be targeted for early production.

Overall Assessment

• Grades: High-grade compared to industry standards, particularly for MREO components critical to green technologies.
• Continuity: Consistent, broad mineralization intervals starting at or near surface indicate a robust resource.
• Upside Potential: Open at depth and across the intrusion, suggesting significant scalability.
• Economic Viability: Based on grades and geometry, the project has strong potential for cost-effective extraction and downstream processing.

Next Steps

• Remaining Assays: Results from the remaining holes will determine the full extent of mineralization.
• Resource Estimation: A maiden resource estimate will clarify the deposit’s size and commercial viability.
• Metallurgical Testing: To confirm recovery rates and processing feasibility.
• Drill Expansion: Testing depth extensions and lateral continuity to enhance project valuation.

These results indicate that the Wabli Creek Project is shaping up to be a competitive REE deposit with significant potential for development.
*GPT4o