BIG JIM CHANNEL SAMPLING 14m @ 93.7% CaF2
Released
Released
Announcement PDF
ASX Announcement
4 November 2026
ASX: OD6
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BIG JIM CHANNEL SAMPLING RETURNS 14m @ 93.7% CaFâ
WITHIN CONTINUOUS ULTRA HIGH-GRADE FLUORSPAR ZONE
Highlights
⢠14m @ 93.7% CaFâ (fluorspar) returned from first systematic channel sampling at the historic Big Jim
workings, part of the Quinn Fluorspar Project in Nevada, USA.
⢠No sample within the vein returned less than 80% CaFâ
⢠Results in detail:
o Big Jim Channel: 14m @ 93.7% CaFâ sampled from surface exposure, through the historic adit
and along the cliff face, with mineralisation projecting under-cover to the north and south
o Big Jim Vein: ~2m thick, shallow west-dipping vein of massive fluorspar beneath the Saw Mill
Thrust jasperoid, with a âĽ2m footwall breccia (base not observed)
o Rocket (upper): new rock chip of 99.9% CaFâ from a dozer scrape on the Rocket lode,
approximately 150m west of Big Jim, adding to Rocket (lower) results including 88.8% CaFâ in-
situ and float samples up to 99.9% CaFâ previously reported (9 September 2026)
o Historic strike: Goulet & Jones (1947) mapped the Big Jim workings over more than 220 metres
(>700 feet) with high-grade fluorspar reported at both ends â the system remains open to the
north and south (refer release dated 12 May 2026)
⢠Channel grades commensurate with high-grades from the Companyâs Big Jim metallurgical sample,
validating the historic records and de-risking Big Jim as a priority drill target
⢠Big Jim, Rocket and Spar form a ~700m corridor of ultra high-grade fluorspar in at least four
mineralised structures, open along strike and at depth
⢠High-grade mineralisation strengthens Big Jim as a priority drilling target, with the results
supporting further assessment of potential direct-shipping Metspar opportunities alongside the broader
Horseshoe and Mammoth development targets
Brett Hazelden, Managing Director of OD6 Metals comments
âChannel sampling provides a meaningful step up in confidence from rock chips, and these results substantially derisk
Big Jim as a near-term drill target.
Fourteen metres of continuous sampling along the exposed vein averaged 93.7% CaFâ, with six of the seven samples
above 93% and none below 80% indicates near-pure fluorspar over a meaningful length, not just a handful of
specimen grabs.
These results replicate almost exactly what was reported from Big Jim in 1947 â channel samples of 90% to 94%
across the vein and mine samples up to 98.6%, over workings that were mapped for more than 220 metres. This
sampling validates those historic records and underpins Big Jim as a priority target for our maiden drill program.
New results from Rocket, 150 metres to the west, reinforces our view that Big Jim sits within a broader corridor of
ultra high-grade structures.â
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OD6 Metals Limited (ASX: OD6, âOD6â or âthe Companyâ) is pleased to announce exceptional channel
sampling results from the historic Big Jim workings, together with a further high-grade rock chip result from the
nearby Rocket prospect, within the Rocket â Big Jim â Spar Corridor at its Quinn Fluorspar Project in Nevada, USA
(Figures 1 and 2)
Figure 1. Updated geology and sampling map for Big Jim to Rocket area. The channel sample and the Rocket sample are new
results, with the other results previously as per disclosure in the body.
Big Jim Channel Sampling
As announced on 12 May 2026, the Company located the historic Big Jim workings, and on 9 September 2026
reported rock chip assays of up to 99.9% CaFâ from the Big Jim vein. Channel sampling was subsequently
completed to systematically test the grade and continuity of the exposed vein. The channel comprises eight
contiguous 2 metre samples (JN115 to JN122) collected along the exposed Big Jim vein, commencing at the
southernmost surface exposure of fluorspar, continuing above the historic adit and then along the cliff face to the
north (Figure 1 and Table 1). The final sample (14-16m) is from wall-rock, as the vein dipped beneath cover
material.
Channel sampling is a systematic method in which a line is marked out on the exposed rock and the material is
collected with a hammer drill as a series of contiguous samples over set intervals, in this case 2 metres. Because
each sample represents a fixed length, the technique delivers a more representative measure of grade over the
sampled interval, in contrast to selective rock chip samples. Consistent with the Companyâs practice since August
2026, all samples were assayed by ALS Global using the F-XRF24 technique (refer release dated 25 August 2026).
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Seven contiguous samples (JN115 to JN121) returned 14m @ 93.7% CaFâ, including 12m @ 95.9% CaFâ (JN115 to
JN120). The first six samples consist of massive fluorspar with individual grades between 93.5% and 97.6% CaFâ.
Samples JN120 and JN121 contain an increasing proportion of wall rock and the final sample, JN122, is entirely
wall rock, returning 0.6% CaFâ. The grade contrast between vein and wall rock is sharp, consistent with a well-
defined vein margin at the base of the Saw Mill Thrust rather than a diffuse halo. The northern end of the channel
marks the limit of the accessible exposure rather than the limit of the vein, which continues under talus,
covered over mine-workings and the overlying jasperoid (Figure 1).
The channel is oriented approximately northâsouth along the exposed vein and therefore represents length along
the structure, not vein thickness. As previously reported, the Big Jim main structure is a shallow (15â20°) west-
dipping vein of near-pure fluorspar with an observed thickness of approximately 2 metres, located beneath a
highly silicified jasperoid breccia interpreted to represent the Saw Mill Thrust. The footwall to the vein is a
breccia of mixed carbonate and fluorspar, also observed at approximately 2 metres but with its base obscured,
which previously returned 37.4% CaFâ (refer release dated 9 September 2026; Figure 1).
The channel results are consistent with, and validate, the historic records on Big Jim. Goulet & Jones (1947)
documented the Big Jim lode as a shallow dipping high-grade lode over â6 feetâ (approximately 2 metres) in width,
with workings mapped over more than 220 metres (>700 feet) and high-grade fluorspar reported throughout and
at either end (refer release dated 12 May 2026). Only one adit is now visible at surface; the remainder of the
historic workings have been covered by subsequent erosion or deliberately closed and covered. Soil sampling has
returned highly anomalous fluorine pathfinder results along strike to the north of the projected Big Jim structure
(refer release dated 1 July 2026; Figure 3), and the system remains open to the north and south (Figure 1).
Rocket
A new rock chip sample (JN112) collected from a dozer scrape on the Rocket (upper) lode, approximately 150
metres west and upslope of Big Jim, returned 99.9% CaFâ (Figure 1). This sample is from the upper lode â a shallow
dipping breccia zone approximately 1m wide. The sample adds to the previously reported Rocket (lower) samples
including 88.8% CaFâ in-situ result and float samples of 99.9%, 96.9%, 90.6% and 73.9% CaFâ reported from Rocket
on 9 September 2026. The Rocket lodes are a brecciated and silicified structure hosted in limestone, dipping
shallowly west and potentially parallel to bedding in the Pogonip Formation limestones, with an estimated
thickness of 1 to 2 metres. Goulet & Jones (1947) also reported a third lode approximately 60 feet (20 metres)
beneath Big Jim, which has not yet been observed in the field (Figure 1).
Together, Big Jim, Rocket and Spar define a ~700 metre corridor of ultra high-grade fluorspar in at least
four mineralised structures of differing orientation. Whilst the veins are narrow relative to the 60 metre wide
replacement zone at Horseshoe and the 100 metre wide breccia/stockwork zone at Mammoth (Figure 2), their
grade and purity offer the potential for compact, very high-grade sources of feed. Big Jim is a priority target for
the Companyâs maiden drill program, with drill permitting through the US Forest Service well advanced.
Significance of these results
Channel sampling moves Big Jim from a high-grade occurrence sampled by rock chips to a vein with demonstrated
grade continuity. The 14m @ 93.7% CaFâ channel, with six of seven samples above 93% CaFâ, validates the
composite channel and mine samples reported in 1947 over workings mapped for more than 220 metres,
and is consistent with the 98.3% CaFâ head grade of the Companyâs metallurgical sample. Together with the new
99.9% CaFâ result at Rocket and the steeply dipping dyke-contact veins at Spar (up to 94.3% CaFâ) (release 9
September 2026), the ~700 metre corridor hosts at least four mineralised structures and remains open along strike
and at depth.
Grade of this order carries direct product significance. Near-pure fluorspar over a demonstrated length, together
with the very low gangue and deleterious elements and excellent ore-sorting performance of the Big Jim
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metallurgical sample (refer release dated 12 August 2026), supports a potential low-capital pathway to a Direct
Shipping Metspar product ahead of a full flotation circuit for premium Acidspar (>97% CaFâ). Whilst the corridor
veins are narrow relative to the 60 metre wide replacement zone at Horseshoe and the 100 metre wide breccia
and stockwork zone at Mammoth, their grade and purity complement rather than compete with those bulk-
tonnage targets within a hub-and-spoke development, at a time when the United States imports 100% of the
fluorspar it consumes.
Quinns Fluorspar Project U.S Strategic Advantage
The Quinn Fluorspar Project, located in Nevada, USA, provides OD6 with direct exposure to a strategically
important critical mineral within the United States. The Project's key attributes include:
⢠226 mining claims covering ~1,890 hectares
⢠+20 Fluorspar occurrences, supporting a future hub-and-spoke development strategy
⢠Exceptionally high-grade fluorspar mineralisation
⢠Multiple high-priority drill targets defined
⢠8km fertile mineralised corridor
⢠Low impurity mineralisation supports potential Acidspar (>97% CaF2) and Metspar products
⢠Permitting Plan of Operations submitted and baseline surveysc ompleted
⢠Metallurgical testwork advancing
⢠Potential Gold Upside identified in soil sampling across Mammoth, Horseshoe and Dress Circle
Together, these results reinforce OD6's view that Quinn has the potential to emerge as a strategically significant
domestic source of high-grade fluorspar in a U.S. market that remains 100% net import reliant.
Figure 2: Quinn Fluorspar Project â district claim position and project areas, Nevada USA
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Figure 3: Prospect map: with fluorine pathfinders in soils over regional geological mapping (refer release dated 1 July 2026)
References:
Goulet, R.J & Jones, C.F., 1947. The Big Jim Fluorspar Mine (report for Mr Carson of Bishop, California). On File:
Nevada Bureau of Mines & Geology.
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Forward Looking Statements
Certain information in this document refers to the intentions of OD6 Metals, however these are not intended to
be forecasts, forward looking statements, or statements about the future matters for the purposes of the
Corporations Act or any other applicable law. Statements regarding plans with respect to OD6 Metals projects are
forward looking statements and can generally be identified by the use of words such as âprojectâ, âforeseeâ, âplanâ,
âexpectâ, âaimâ, âintendâ, âanticipateâ, âbelieveâ, âestimateâ, âmayâ, âshouldâ, âwillâ or similar expressions. There can be
no assurance that the OD6 Metals plans for its projects will proceed as expected and there can be no assurance
of future events which are subject to risk, uncertainties and other actions that may cause OD6 Metals actual results,
performance, or achievements to differ from those referred to in this document. While the information contained
in this document has been prepared in good faith, there can be given no assurance or guarantee that the
occurrence of these events referred to in the document will occur as contemplated. Accordingly, to the maximum
extent permitted by law, OD6 Metals and any of its affiliates and their directors, officers, employees, agents and
advisors disclaim any liability whether direct or indirect, express or limited, contractual, tortious, statutory or
otherwise, in respect of, the accuracy, reliability or completeness of the information in this document, or likelihood
of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking
statement; and do not make any representation or warranty, express or implied, as to the accuracy, reliability or
completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement
or any event or results expressed or implied in any forward-looking statement; and disclaim all responsibility and
liability for these forward-looking statements (including, without limitation, liability for negligence).
Competent Persons Statement
Information in this report relating to field observations, channel sample and rock chip sampling results is based
on information compiled by Dr Darren Holden who is a Fellow of the Australasian Institute of Mining and
Metallurgy.
Dr Holden is an employee of GeoSpy Pty Ltd and is a geological advisor to the Company and has sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Holden owns shares in the
Company and participates in the Companyâs employee securities incentive plan. Dr Holden consents to the
inclusion of the data in the form and context in which it appears.
No new information
Except where explicitly stated, this announcement contains references to prior exploration results, all of which
have been cross-referenced to previous market announcements made by the Company. The Company confirms
that it is not aware of any new information or data that materially affects the information included in the relevant
market announcements.
This announcement has been authorised for release by the Board of OD6 Metals Limited.
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About OD6 Metals
OD6 Metals Limited is an Australian critical minerals exploration and development company with a portfolio spanning
fluorspar, rare earth elements and copper in the United States and Australia. The Company is focused on advancing
strategically important critical minerals required for next-generation industrial, defence and energy technologies.
Quinn Fluorspar Project â Nevada, USA
The Quinn Fluorspar Project in Nevada hosts extensive high-grade fluorspar mineralisation identified across multiple
prospects and is being rapidly advanced through exploration, metallurgical testwork and permitting. Quinn remains
significantly under-drilled, with OD6 progressing approvals for its maiden drilling and bulk sampling programs. Fluorspar is
designated as a critical mineral in the United States and is an essential raw material used across advanced industrial,
semiconductor, energy and defence supply chains.
Splinter Rock Rare Earth Project â Western Australia
The Company's Splinter Rock Rare Earth Project in Western Australia hosts one of Australia's largest clay-hosted rare earth
Mineral Resources. OD6 is advancing an innovative processing flowsheet incorporating heap leaching, nanofiltration and ion
exchange technologies, targeting the production of a high-quality Mixed Rare Earth Carbonate/Hydroxide product with a
strong proportion of the strategically important magnet rare earths neodymium and praseodymium.
Gulf Creek Copper Project â New South Wales
OD6 is also advancing the Gulf Creek Copper-Zinc VMS Project in New South Wales, a historically high-grade copper mining
district where recent exploration has identified significant opportunities for further discovery.
Corporate Directory
Mr Brett Hazelden, Managing Director
Mr Piers Lewis, Non-Executive Chairman
Dr Mitch Loan, Non-Executive Director
Mr Joel Ives, Financial Controller/ Joint Company Secretary
Mr Lewis Flynn, Joint Company Secretary
Dr Darren Holden, Technical Advisor to the Board
Contact
OD6 Metals Ltd
ACN 654 839 602
www.od6metals.com.au
Mail to: info@od6metals.com.au
Level 1, 1 Alvan Street, Subiaco, WA 6008
Phone: +61 8 6189 8515
Investor Relations
Investor Relations
Lucas Robinson
Corporate Storytime
lucas@corporatestorytime.com
Phone: +61 408 228 889
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Appendix 1: results
Table 1 Rock chip samples compiled, from OD6 Metals recent campaign at Rocket-Big Jim-Spar Corridor. Coordinates in NAD83
Zone 11.
SiteID Prospect Sample
Type
Easting
(m)
Northing
(m)
Interval
(m)
CaFâ
(%)
Description
JN115 Big Jim Channel 616091 4221661 0â2 93.5 Big Jim vein â massive fluorspar,
southernmost surface exposure
JN116 Big Jim Channel 616091 4221663 2â4 96.0 Big Jim vein â massive fluorspar
JN117 Big Jim Channel 616091 4221664 4â6 96.4 Big Jim vein â massive fluorspar, into
historic adit
JN118 Big Jim Channel 616091 4221666 6â8 94.7 Big Jim vein â massive fluorspar, out
of adit along cliff face
JN119 Big Jim Channel 616091 4221669 8â10 97.6 Big Jim vein â massive fluorspar
JN120 Big Jim Channel 616091 4221670 10â12 97.4 Big Jim vein â fluorspar
JN121 Big Jim Channel 616092 4221672 12â14 80.6 Big Jim vein â fluorspar with wall rock
JN122 Big Jim Channel 616091 4221674 14â16 0.6 Wall rock (100%)
JN112 Rocket Rock chip 615943 4221644 â 99.9 High-grade fluorspar in dozer scrape,
Rocket lode
JORC 2012 â Table 1: Quinn Fluorspar Project
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling techniques ⢠Nature and quality of sampling (eg cut channels,
random chips, or specific specialised industry
standard measurement tools appropriate to the
minerals under investigation, such as down hole
gamma sondes, or handheld XRF instruments, etc).
These examples should not be taken as limiting the
broad meaning of sampling.
⢠Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or systems
used.
⢠Aspects of the determination of mineralisation that
are Material to the Public Report.
⢠In cases where âindustry standardâ work has been
done this would be relatively simple (eg âreverse
circulation drilling was used to obtain 1 m samples
from which 3 kg was pulverised to produce a 30 g
charge for fire assayâ). In other cases more
explanation may be required, such as where there
is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation
types (eg submarine nodules) may warrant
disclosure of detailed information
⢠Channel samples are chip-channels, where a line is
marked out along the exposed Big Jim vein and a
representative sample is collected with a hammer drill
from contiguous 2m intervals. Channel QCBJ01
comprises eight contiguous 2 metre samples (JN115 to
JN122), commencing at the southernmost surface
exposure of fluorspar, continuing through the historic
adit and then along the cliff face to the north.
⢠The channel follows the exposed vein and is oriented
approximately northâsouth, along the structure rather
than across it; it therefore tests grade continuity along
the vein and does not represent vein thickness. The
exposure along the cliff face and adit is the only
continuous exposure of the vein accessible for channel
sampling.
⢠Sample JN112 is a selective rock chip sample collected
from a dozer scrape on the Rocket lode. Rock chip
samples are selective by nature and collected by OD6
Metals geologists.
Drilling techniques ⢠Drill type (eg core, reverse circulation, open-hole
hammer, rotary air blast, auger, Bangka, sonic,
etc) and details (eg core diameter, triple or
standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is oriented
and if so, by what method, etc).
⢠No drilling reported
Drill sample recovery ⢠Method of recording and assessing core and chip
sample recoveries and results assessed.
⢠Measures taken to maximise sample recovery and
ensure representative nature of the samples.
⢠Whether a relationship exists between sample
recovery and grade and whether sample bias may
⢠No drill sampling reported
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Criteria JORC Code explanation Commentary
have occurred due to preferential loss/gain of
fine/coarse material.
Logging ⢠Whether core and chip samples have been
geologically and geotechnically logged to a level of
detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical
studies.
⢠Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.
⢠The total length and percentage of the relevant
intersections logged.
⢠Geology recorded with each sample, including the
estimated proportion of fluorspar vein to wall rock in
each channel interval, as noted in Table 1 of the
appendix.
Sub-sampling techniques
and sample preparation
⢠If core, whether cut or sawn and whether quarter,
half or all core taken.
⢠If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry.
⢠For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
⢠Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
⢠Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling.
⢠Whether sample sizes are appropriate to the grain
size of the material being sampled.
⢠No sub-sampling reported. Whole samples were
submitted to the laboratory for preparation.
Quality of assay data and
laboratory tests
⢠The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
⢠For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
⢠Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(ie lack of bias) and precision have been
established.
Samples were delivered to ALS Global in Reno, NV for
preparation and dispatched by the laboratory to ALS Global
in Perth, Australia for fluorine analysis by the F-XRF24
technique (batch RE26304385). Following advice from ALS
that the F-ELE82 method is semi-quantitative for this
specific high-grade fluorspar matrix, the Company has
utilised F-XRF24 for all samples since August 2026 (refer
release dated 25 August 2026). Accuracy reported by ALS
for individual F assays is Âą1.2%, though test work on 103
samples of the same CRM, by ALS, averaged to the CRM.
Laboratory standards, repeats inserted.
Samples were consistent in grade with internal visual
estimates of observed mineral content and with historic
work, and are hence considered reasonable in the context in
which they appear.
All fluorine is assumed to report to CaFâ. CaFâ is 48.7% F.
Results factor this stoichiometric calculation based on F
results from the laboratory.
Verification of sampling
and assaying
⢠The verification of significant intersections by
either independent or alternative company
personnel.
⢠The use of twinned holes.
⢠Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
⢠Discuss any adjustment to assay data.
⢠Channel results are consistent with observed near-pure
fluorspar at surface, with previously reported rock chip
samples from the same exposure (DB067, DH189,
DH190 and DH191; refer release dated 9 September
2026), with the large-format metallurgical sample
collected from the Big Jim vein (head grade 98.3% CaFâ;
refer release dated 12 August 2026), and with historic
channel and mine samples reported by Goulet & Jones
(1947) (refer release dated 12 May 2026).
⢠No sample in this batch returned an effective assay of
greater than 100% CaFâ on the stoichiometric
conversion and no top-cuts have been applied. Sample
JN112 returned 486,000 ppm F, equivalent to 99.9%
CaFâ.
Location of data points ⢠Accuracy and quality of surveys used to locate drill
holes (collar and down-hole surveys), trenches,
mine workings and other locations used in Mineral
Resource estimation.
⢠Specification of the grid system used.
⢠Quality and adequacy of topographic control.
⢠Data points located in NAD83 Zone 11 using hand-held
GPS with assumed accuracy of Âą5m. The start of the
channel is recorded and each 2m interval positioned
along the exposed vein; coordinates in Table 1 are the
mid-point of each interval.
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Criteria JORC Code explanation Commentary
Data spacing and
distribution
⢠Data spacing for reporting of Exploration Results.
⢠Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s)
and classifications applied.
⢠Whether sample compositing has been applied.
⢠The channel was sampled contiguously at 2 metre
intervals over a total length of 16 metres. Sampling
confirms grade continuity along the exposed vein, but
in the absence of drilling does not provide sufficient
information for mineral resource estimation.
Orientation of data in
relation to geological
structure
⢠Whether the orientation of sampling achieves
unbiased sampling of possible structures and the
extent to which this is known, considering the
deposit type.
⢠If the relationship between the drilling orientation
and the orientation of key mineralised structures is
considered to have introduced a sampling bias, this
should be assessed and reported if material.
⢠The Big Jim vein dips shallowly (15â20°) to the west.
The channel is oriented approximately northâsouth
along the exposed vein, i.e. approximately parallel to
strike. Reported channel lengths are lengths along the
vein and do not represent true thickness; the observed
vein thickness is approximately 2 metres as discussed in
the body of the release. Geological orientation is noted
in the figures in the body of the release.
Sample security ⢠The measures taken to ensure sample security. ⢠OD6 Samples were collected under the supervision of
the Competent Person, and were delivered to the
laboratory by the Competent Person. Data is verified
against lab certificates and stored securely by Core
Geoscience.
Audits or reviews ⢠The results of any audits or reviews of sampling
techniques and data.
⢠No audits and reviews undertaken.
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section)
Criteria JORC Code explanation Commentary
Mineral tenement and
land tenure status
⢠Type, reference name/number, location and
ownership including agreements or material issues
with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.
⢠The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.
⢠226 State of Nevada Mining Claims.
⢠Staked in 2025 and 2026 and filed in early 2026.
⢠Projects fall on Federal Land (National Forest) but are
outside of the designated Wilderness Study Areas
⢠The transaction terms include a 2% NSR on future
production on Horseshoe, Mammoth & Bonanza; but
this does not apply to Blue Bell, Cortez and Bruno.
Applicable State Royalties will apply.
⢠Future work such as drilling requires permitting
through the US Forest Service
Exploration done by other
parties
⢠Acknowledgment and appraisal of exploration by
other parties.
⢠Historic work on Big Jim by Frank and Joe Perkins (from
1934) and reported by Goulet & Jones (1947), as noted
in the release dated 12 May 2026. Previous OD6 Metals
results as noted in releases dated 4 March 2026, 12
May 2026, 12 August 2026, 25 August 2026 and 9
September 2026.
Geology ⢠Deposit type, geological setting and style of
mineralisation.
⢠Principal host rocks are Paleozoic limestones and
dolomites which have been altered by epithermal
activity from Cenozoic volcanism and intrusions.
⢠Fluorspar is in replacement/breccia deposits in
limestone, epithermal veins and vein/breccias.
Drill hole Information ⢠A summary of all information material to the
understanding of the exploration results including
a tabulation of the following information for all
Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level â elevation
above sea level in metres) of the drill hole
collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
⢠If the exclusion of this information is justified on
⢠No drilling reported
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Criteria JORC Code explanation Commentary
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent Person
should clearly explain why this is the case.
Data aggregation
methods
⢠In reporting Exploration Results, weighting
averaging techniques, maximum and/or minimum
grade truncations (eg cutting of high grades) and
cut-off grades are usually Material and should be
stated.
⢠Where aggregate intercepts incorporate short
lengths of high grade results and longer lengths of
low grade results, the procedure used for such
aggregation should be stated and some typical
examples of such aggregations should be shown in
detail.
⢠The assumptions used for any reporting of metal
equivalent values should be clearly stated.
⢠The reported intercept of 14m @ 93.7% CaFâ is the
arithmetic mean of seven contiguous, equal-length (2
metre) channel sa
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