ChatGPTs take on LRV's TREO / REO Results: It's difficult to...

ChatGPTs take on LRV's TREO / REO Results:

It's difficult to make direct comparisons between different drilling intervals and deposits as each one can have unique characteristics such as the specific rare earth elements present, the geological context, and the mining and processing costs. However, a TREO value of 1.26% (12,611 ppm) is considered relatively high compared to some other deposits. For example, the Mount Weld deposit in Western Australia has an average grade of approximately 8-10% TREO, while the Bayan Obo deposit in China has an average grade of approximately 6-7% TREO. However, it's important to note that these deposits have different geological contexts and are mined using different methods, which can affect the overall economic viability of the deposit.

Similarly, a magnetic REO value of 3,787 ppm is relatively high compared to some other deposits. For example, the Nechalacho deposit in Canada has a magnetic REO grade of approximately 2,300 ppm, while the Dubbo Zirconia Project in Australia has a magnetic REO grade of approximately 1,500 ppm.Overall, a TREO value of 1.26% with 3,787 ppm magnetic REO appears to be a promising result, but it's important to consider other factors such as the location, accessibility, infrastructure, and mining and processing costs when evaluating the overall economic potential of the deposit.