Investor Presentation
Released
Released
Announcement PDF
12 FEBRUARY 2025
OD6 Metals Ltd
Australian Copper & Rare Earths
Essential for Energy Transition
ASX:OD6
IMPORTANT INFORMATION
Disclaimer
Forward Looking Statements
This presentation has been prepared by OD6 Metals Ltd (ACN 654 839 602) (OD6) and is current as at
the date of this document. The information contained in this presentation is for informational purposes
only and does not constitute an offer to issue, or arrange to issue, securities or other financial
products. The information contained in this presentation is not investment or financial product advice
and is not intended to be used as the basis for making an investment decision. The presentation has
been prepared without considering the investment objectives, financial situation or needs of any
particular person. Before making an investment decision, you should consider, with or without the
assistance of a financial adviser, whether an investment is appropriate considering your particular
investment needs, objectives and financial circumstances. Past performance is no guarantee of future
performance. Any securities that may be issued by OD6 should be considered speculative and there is
no guarantee implied or explicit that there will be a return on the capital invested or that any dividend
will be paid or that there will be an increase in the price or value of OD6’s shares in the future.
Certain statements contained in this presentation, including information as to the future financial or
operating performance of OD6 and its projects, are forward looking statements. Such forward looking
statements:
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness
or correctness of the information, opinions and conclusions contained in this presentation. To the
maximum extent permitted by law, none of OD6, its directors, employees or agents, nor any other
person accepts any liability, including, without limitation, any liability arising out of fault of negligence,
for any loss arising from the use of the information contained in this presentation. In particular, no
representation or warranty, express or implied is given as to the accuracy, completeness or
correctness, likelihood of achievement or reasonableness or any forecasts, prospects or returns
contained in this presentation nor is any obligation assumed to update such information. Such
forecasts, prospects or returns are by their nature subject to significant uncertainties and
contingencies.
No New Information
The information in this report relating to the Mineral Resource estimate for the Splinter Rock Project is
extracted from the Company’s ASX announcement dated 29 May 2024. OD6 confirms that it is not
aware of any new information or data that materially affects the information included in the original
announcement and that all material assumptions and technical parameters underpinning the Mineral
Resource estimate continue to apply.
This document contains information extracted from ASX market announcements reported in
accordance with the 2012 edition of the “Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves” (2012 JORC Code) and available for viewing at
https://www.od6metals.com.au/investors/asx-announcements/. OD6 confirms that it is not aware of
any new information or data that materially affects the information included in any original ASX market
announcement.
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
•
may include, among other things, statements regarding incomplete and uncertain proposals or
targets, production and prices, operating costs and results, capital expenditures, and are or may
be based on assumptions and estimates related to future technical, economic, market, political,
social and other conditions;
•
are necessarily based upon several estimates and assumptions that, while considered
reasonable by OD6, are inherently subject to significant technical, business, economic,
competitive, political and social uncertainties and contingencies; and
•
involve known and unknown risks and uncertainties that could cause actual events or results to
differ materially from estimated or anticipated events or results reflected in such forward-looking
statements.
OD6 disclaims any intent or obligation to update publicly any forward-looking statements, whether as
a result of new information, future events or results or otherwise. The words “believe”, “expect”,
“anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”,
“may”, “will”, “schedule” and similar expressions identify forward looking statements. All forward
looking statements made in this presentation are qualified by the foregoing cautionary statements.
Recipients are cautioned that forward looking statements are not guarantees of future performance
and accordingly investors are cautioned not to put undue reliance on forward looking statements due
to the inherent uncertainty therein.
No representation is made that, in relation to the tenements the subject of this presentation, OD6 has
now or will at any time in the future develop further resources or reserves within the meaning of the
Australian Code for Reporting of Exploration Results, Mineral resources and Ore Reserves (The JORC
Code).
Cautionary Statement
In relation to photographs of mine-spoil material, from Gulf Creek no representation as to the
composition of the rocks is presented here. Laboratory assay results are required to determine the
grade of mineralisation and the Company will update the market when check sampling and assay
results are received and compiled. The Competent Person advises that the photographs contained in
this Presentation are not necessarily representative of the geology exploited by historic mines at Gulf
Creek and are not to be construed as being representative of potentially economic mineralisation.
2
OD6 METALS
OD6 Metals is a Company focused on future facing
metals in regions of low-sovereign/geopolitical risk
Cu
REE
HIGH-GRADE
COPPER
STRONG NEARTERM CATALYSTS
REE LEVERAGE
INNOVATION &
ENVIRONMENT
EXPERIENCED
BOARD &
MANAGEMENT
TIGHT CAPITAL
STRUCTURE AND
GOOD SUPPORT
Gulf Creek Copper in
NSW: the high-grade mine
that history forgot.
Copper – the most critical
of critical metals in energy
transitions
Gulf Creek
High-priority drilling
campaign to commence
imminently Splinter Rock
On going leach studies
and R&D
Splinter Rock, WA : the
largest undeveloped clay
REE resource in Australia
with leachable metallurgy
ready for scoping discover
on recovery in prices
Focused on energy
transition metals,
contemporary
technologies,
environment & social
governance
Explorers,
miners/metallurgists &
corporate governance /
finance specialists
Tight capital structure and
strong broker support
provides for significant
upside potential
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
3
Gulf Creek Copper
Acquisition
History repeating
Is one of Australia’s highest grade copper
mines set for a 21st century revival?
Key Acquisition Points
Strong near-term catalysts on a historic, underexplored high-grade VMS copper system
•
High Grade Copper – Zinc VMS style deposit
•
One of Australia’s highest grade historic copper mines
•
Mined over 100 years ago (1896-1912) with +100m
vertical and +300m strike
•
Underexplored with limited modern exploration
completed - only 2 holes ever drilled back in the 1960’s,
and virtually untouched since then
•
Mineralisation associated with magnetite which shows
repeat structures to the north and west
•
Potential of >3km of untested strike in immediate minestratigraphy, >10km across the tenement
•
Favourable deal metrics and structure
$200k + 6M shares + $200k in shares for Phase 2
•
Strong near-term catalysts with a fully permitted drill
program commencing imminently
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
Located in the New England Orogen Region in NSW, Australia
Peters, J. (2023); & NSW Geological Survey “Seamless Geology”
5
COPPER MACRO1 – ECONOMIES AND ELECTRIFICATION
Strong demand-supply fundamentals driving strong run for copper
Copper Demand
Copper Supply
•
In modern times, copper has been driven by demand for electricity
with global CAGR of 3% over the last 75 yrs
•
The world’s currently producing mines can only supply ~50% of
the demand over the next decade
•
As economies with large populations (eg. China, India) modernise,
copper demand grows
•
Current mines face depleted grades
•
New age technologies (eg. electric vehicles, data centres) require
large volumes of copper
•
Copper exploration is not delivering substantial new deposits
1. BHP Insights – How copper will shape the future September 2024
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
6
GLOBAL COPPER INVESTMENT AND M&A HEATING UP
Majors positioning for copper bull run as electrification & AI turbocharges demand
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
7
Gulf Creek – Regional Setting for Classic VMS
VMS systems are known to have multiple, high-grade repeat structures
• Classic setting for Besshi Style Volcanogenic Massive Sulphide
Deposit (VMS) 1
EL8492
Image – regional RTP
magnetics with local
drone magnetics
• Silurian-Devonian age geologically comparable to Woodlawn
Deposit (>20Mt @ 1.6% Cu, 9.1% Zn endowment)2 owned by
Develop Global Ltd
1.
2.
Association with magnetite occurring in VMS – refer: Yildirim, Y et al. (2016), Watanabe et al, (1993)
Total endowment past production and resources compiled from https://portergeo.com.au/database/mineinfo.asp?mineid=mn295
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
8
High-Grade Copper Production History
Virtually untouched since 1912 with significant potential for untested extensional and repeat lodes1
•
At Gulf Creek the copper occurs within three parallel
sulphide lenses:
•
Cornish Lode averaged 6 - 6.5% Cu
•
Middle Lode averaged 3 – 3.5% Cu
•
Big Lode averaged 2 – 2.5% Cu
•
Mine samples show visible mineralisation in the
areas surrounding the main lodes
•
Zinc assays show similar copper values
•
No drilling has occurred based on modern day
exploration techniques
As disclosed in publications by the Geological Survey of New South Wales such as:
Brown, R. (1987); Brown, R.E. et al, (1992)
NSW Geol. Survey (1901, 1904-1982);
Historic workings reconstructed from plans and sections digitised from NSW Geol Survey, 1901, 1904-1982, Assorted historic plans and maps.
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
9
Gulf Creek – Geophysics Highlights Scale Potential
Strong potential for repeat high-grade VMS structures with multiple untested structures identified
• Geophysical modelling has identified multiple, high priority and
untested targets
• Extended magnetic survey indicates a series of NW plunging folds
providing >3km of local strike length of target magnetite-VMS
target horizon within the Gulf Creek Syncline
1.
Refer ASX release 14/11/2024 – New Potential High-grade VMS Copper Targets at Gulf Creek
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
10
The Big Bend Target – Magnetics & IP Chargeability
Compelling magnetic target located within close proximity to the historic Gulf Creek mine
• 3D Inversion Modelling – strong
relationship with massive magnetitesulphide mineralization
• Big Bend Target:
o Very strong magnetism – comparable of
massive magnetite-sulphide
o Anticlinal position – classic VMS
o Strong IP Chargeability (sulphide
indicator)
o Modelled from 50 to >550m
o No sampling ever – surface, underground
or drilling
1. Refer ASX release 14/11/2024 – New Potential Highgrade VMS Copper Targets at Gulf Creek
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
Long section1 view NE of historical workings showing I.P Survey chargeability anomalies (drill targets)
11
Gulf Creek to West Limb to North-West
Multiple extensional and repeat magnetic targets
• West Limb Targets – strong magnetism
in similar fold structures
• Northwest Target
o Strongest magnetic target in region
o 400x100m footprint – open to NW
o Modelling extends from near-surface
to > 400m
o In a small topographic low – no
outcrop (missed by the old-timers)
1. Refer ASX release 14/11/2024 – New Potential Highgrade VMS Copper Targets at Gulf Creek
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
Long section1 zoomed out
12
Gulf Creek – High Grade Copper
Multiple mineralisation styles – shows a long-lived system
Massive Sulphide – High in Cu & Zn, low in environmental problematic elements Cd, As, Pb
Weathered banded massive sulphide from historic workings
Up To 11.60% Cu, 0.27g/t Au, 29.8g/t Ag
1.
Refer ASX announcement 16/01/2025 – Rock Chips up to 12.35% Copper and 1.04g/t Gold from Gulf Creek
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
13
Gulf Creek – Two High-Grade Mineralisation Styles
Multiple mineralisation styles – shows a long-lived system
Massive Sulphide
Massive Magnetite-Sulphide
Magnet suspended
from magnetic rock
sample from Gulf
Creek. Refer also
slide 2 on cautionary
statement.
1.
Refer ASX announcement 6/11/2024 – High Grade Copper Assays Confirms Potential at Gulf Creek
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
14
Gulf Creek – Country rock has mineralisation too
Mineralised halo surrounding high-grade VMS lodes provides significant bulk tonnage potential
Sediments with copper veins
VMS Exhalative Chert
Copper Gossans
Up to 2.1% Cu in surrounding country rock
1.
2.
Refer ASX announcement 6/11/2024 – High Grade Copper Assays Confirms Potential at Gulf Creek
Refer ASX announcement 16/01/2025 – Rock Chips up to 12.35% Copper and 1.04g/t Gold from Gulf Creek
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
15
Regional Extensional Exploration Upside
Multiple untested comparable Gulf Creek drill targets
• Historic Murchison Mine to
the north – also associated
with magnetic stratigraphy
and reports of >4% Cu1
• Other significant folded
magnetic stratigraphy
completely untested with
potentially over >10km of
magnetic VMS target horizon
stratigraphy
• This remarkable project has
had no modern concerted
regional soil geochemistry,
electromagnetics and
drilling
1. Comet Resources Press Release (13/01/2021)
2. Rampe., M. (2022)
3. Refer ASX announcement 16/01/2025 – Rock Chips up to
12.35% Copper and 1.04g/t Gold from Gulf Creek
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
Bornite from Murchison workings
Image – drone magnetics 1VD.2
16
Excellent Proximity to Infrastructure
N
Supporting project development
Moree Solar
Farm
• Tier 1 Location
Renewable
Energy
Zone (N1)
• Ideally located ~400km by
road to the Port of Newcastle
• Situated between two NSW
renewable energy zones (REZ)
with existing solar and hydro
power infrastructure within
close proximity
Copeton Hydro
Power Station
EL-8492
Renewable
Energy Zone
(N2)
Keepit Hydro
Power Station
• 83km from the nearest gas
pipeline and rail lines
Electrical Transmissions
Gas Pipeline
Railway Track
OD6 METALS | AUSTRALIAN CRITICAL RARE EARTH MINERALS
Port of
Newcastle
17
Permitted Phase 1 Exploration Program
OD6 set to “hit the ground running” with strong near-term catalysts
Work Plan
CYQ4’24
FY25 to FY26 PROGRAM
Gulf Creek Project Acquisition
(30 October 2024)
âś“
High Grade Cu Assays Confirmed
(6 November 2024)
âś“
Geophys Modelling identifies
Multiple VMS targets
(14 November 2024)
âś“
Gulf Creek Phase 1 Drill Program
~2,000m diamond drill program
Down Hole EM Surveys
Target repeat and parallel lodes
New surface Geophysics
Regional target definition
Geochemistry
Regional target definition
Phase 2 Drill Drill Program
High-priority follow up and
extensional targets
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
CYQ1’25
CYQ2’25
CYQ3’25
CYQ4’25
âś“ Reprocessing and reinterpretation of IP and Drone
Mag with latest modeling techniques Completed
âś“ All flora, fauna land access and native title permits in
place to commence exploration activities
immediately
âś“ New EM and geochemical survey across Gulf Creek
Syncline Target Zones
âś“ ~2,000m Diamond Phase 1 drill program is planned,
permitted and drill-ready at Gulf Creek
âś“ Downhole EM to find repeat and parallel lodes
âś“ Phase 2 Drill exploration program to test follow up
and extensional targets
18
INVESTMENT HIGHLIGHTS
Gulf Creek has boundless potential to host a significant,
high-grade Cu-Zn system & is open for business
HIGH GRADE
HISTORICAL
COPPER-ZINC
PRODUCTION
LITTLE TO NO
EXPLORATION
IN OVER 100
YEARS
Production grades of
>3% Cu with grades of
up to 12% mined
Only two (ineffective) drill
holes attempted. Minimal
exploration since mining
ceased in 1912
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
MAGNETICS and
IP ANOMALIES
NEAR MINE
WORKINGS
FULLY PERMITTED
AND DRILL-READY
LOW-CASH
ACQUISITION TERMS
WITH MININMAL
DILUTION
Copper associated with
Magnetite provides
pathfinder magnetic
feature targeting with
>10km of untested
horizon stratigraphy
All flora, fauna and native
title permits received for
initial high-priority drill
programs
Favourable acquisition
terms with no private
royalty
19
Splinter Rock
Rare Earth Minerals
An advanced rare earths project of grade and
scale with favourable metallurgical qualities
MRE of 682Mt @ 1,338ppm TREO – Refer slide 26
Globally Significant Clay Hosted Rare Earth Project
Gulf Creek acquisition to compliment the Splinter Rock Project whilst rare earth prices recover
Splinter Rock Highlights
•
Located in one of the world’s great mining jurisdictions
proximate to key infrastructure
•
682Mt at 1,338 ppm TREO (at a 1,000ppm cut-off grade) for
910 kt contained TREO 1
•
High-value MagREO represents an average of ~23% of TREO
grade for 205 kt contained MagREO
•
The MRE positions Splinter Rock as the largest & highest grade
Australian clay-hosted Rare Earth Deposit
•
Inside Centre Prospect 119Mt at 1,632ppm TREO (Indicated)
•
Recent Heap Leach Recoveries of up to 80% at Inside Centre 2
•
Heap Leach has the potential to remove several expensive
processing steps, which would reduce capital and operating costs
significantly
•
Located away from farmland with no private royalties
1. Refer to Slide 26 for Resource Estimate Breakdown
2. Recoveries only reflect initial rare earth leaching, with further losses expected in precipitation, impurity removal, purification and drying
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
21
INSIDE CENTRE - A HIGH GRADE STAND OUT
INDICATED MRE OF 119Mt at 1,632ppm TREO (at 1,000ppm TREO cutoff grade)
Inside Centre to be the main focus of future works
Refer to ASX Release 29 May 2024 – Mineral Resource Estimate Doubles at Splinter Rock.
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
22
OUTSTANDING METALLURGICAL RESULTS
RARE EARTHS RECOVERED WITH SIMPLE LEACHING
•
Very high metallurgical recoveries achieved using
simple acidic heap leach at Inside Centre
79% Magnetic Rare Earth Elements recovery
achieved at 25g/l HCl
•
Average 37 kg HCl/t ore consumption
•
Neodymium (Nd), Praseodymium (Pr), Terbium (Tb)
and Dysprosium (Dy) have very high recoveries
•
•
The simpler Heap Leach process has the potential to
remove several capital intensive processing steps,
which would simplify the flowsheet and reduce capital
and operating costs
Phase 4 test work with ANSTO ongoing
Pr
Nd
Tb
Dy
90
80
Cumulative Recovery (%)
•
70
60
50
40
30
20
10
0
0
10
20
30
40
50
60
Days under leach
Recoveries only reflect initial rare earth leaching, with further losses expected in
precipitation, impurity removal, purification and drying.
See OD6 ASX announcements dated 16 October 2024
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
23
70
80
CORPORATE SNAPSHOT
HIGH CALIBRE LEADERSHIP TEAM AND TIGHT CAPITAL STRUCTURE
Capital Structure
ASX: OD6
Price per share1
A$0.046
Total number of shares on issue1
134.69M
Performance rights and options1
46.05M
Market capitalisation (undiluted)1
A$6.20M
Cash2
A$1.75M
Debt2
Nil
Enterprise value
A$4.45M
Share Price 12 Month History
A$/share
Dr Darren
Holden
Mr Brett
Hazelden
NON-EXECUTIVE
CHAIR & Geological
Advisor
MANAGING
DIRECTOR
Mr Piers
Lewis
Dr Mitch
Loan
NON-EXECUTIVE
DIRECTOR
NON-EXECUTIVE
DIRECTOR
Register Detail
Founders (exc. Directors and Management)
40%
42%
Directors and Management
Institutions
5%
1. As at 7 February 2025
2. As at 31 December 2025. Refer to ASX announcement “Quarterly Activities and Cashflow Report”
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
13%
Retail / Other
24
CONTACT
CONTACTUS
US
REGISTERED OFFICE
c/o LCP Group
Level 1, 50 Kings Park Road
West Perth WA 6005
Phone: +61 8 6189 8515
Email: info@od6metals.com.au
LUCAS ROBINSON
Investor Relations
lucas@corporatestorytime.com
+61 408 228 889
SHARE REGISTRY
Computershare Investor Services
Level 11, 172 St Georges Tce
Perth WA 6000
www.od6metals.com.au
ASX:OD6
25
SPLINTER ROCK MINERAL RESOURCE ESTIMATE
AT 1,000ppm CUTOFF GRADE
Prospect
Category
Inside Centre Indicated
AUSTRALIA’S
HIGHEST
GRADE AND
LARGEST CLAY
HOSTED MRE
Tonnes TREO
(Mt)
(ppm)
Pr6O11 Nd2O3 Tb4O7
(ppm) (ppm) (ppm)
Dy2O3 MagREO MagREO
(ppm) (ppm) (% of TREO)
119
1,632
79
271
2
12
366
22.4%
Centre
Inferred
276
1,342
65
228
3
15
310
23.1%
Centre NW
Inferred
21
1,255
65
227
3
14
309
24.6%
Scrum
Inferred
126
1,228
58
210
3
15
285
23.2%
Prop
Inferred
94
1,160
53
190
2
13
259
22.3%
Flanker
Inferred
45
1,250
59
212
3
16
290
23.2%
Total
I+I
682
1,338
64
226
3
14
307
22.9%
TREO (Total Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3
MagREO (Magnet Rare Earth Oxide) = Nd2O3 + Pr6O11 + Tb4O7 + Dy2O3
% Magnet REO = (MagREO / TREO)*100
For full Mineral Resource estimate details refer to OD6 ASX announcement 29 May 2024, “Mineral Resource Estimate Doubles”. OD6 is not aware of any new information or data that materially affects the Mineral Resource estimate
included in that release. All material assumptions and technical parameters underpinning the Mineral Resource estimate in that release continue to apply and have not materially changed.
OD6 METALS | AUSTRALIAN CRITICAL MINERALS
26
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