Exploration Update - Gulf Creek Copper Project
Released
Released
Announcement PDF
ASX Announcement
12 March 2025
ASX: OD6
Exploration Update: Gulf Creek Copper Project
OD6 Metals Limited (OD6 or the Company) provides an update on exploration
activity at the Gulf Creek Copper Project, located in northern New South Wales.
The Company advises that wholly owned subsidiary Gulf Creek Copper Pty Ltd has
been issued with a notice by the NSW Resources Regulator with directions to cease
exploration activities associated with EL 8492 at the Gulf Creek Copper Project. The
notice followed an on-site inspection by the NSW Resources Regulator which
identified concerns, which the Company is addressing.
At the time of receiving the Notice, the Company was part way through the initial drill
program at Gulf Creek (refer announcement dated 24 February 2025), with a total of
1,113 metres having been drilled in 6 drill holes of the initial 9 hole, ~2,000 metre
program.
The Company is confident it can work positively with the NSW Resources Regulator to
address their concerns and recommence exploration activities. In the meantime, the
Company is conducting corrective actions and will provide an update regarding
recommencement of exploration activities in due course.
The Company anticipates that assay results from the completed drill holes will be
received within the next 4 weeks, following which the Company intends to assess the
forward program, including planning of extensional drilling.
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About OD6 Metals
OD6 Metals is an Australian public company pursuing exploration and development opportunities within the critical minerals
sector, namely rare earths and copper.
Copper
The Company is advancing the recently acquired Gulf Creek Copper-Zinc VMS Project located near the town of Barraba in
NSW, Australia.
Gulf Creek was mined at around the turn of the 20th century and was once regarded as the highest grade copper mine (2%
to 6.5% Cu) in NSW until its closure due to weak copper prices in 1912. Very little exploration has occurred at the project in
over 100 years, with OD6 aiming to apply modern day exploration technologies.
Mineralisation is associated with magnetite, with geophysics showing significant greenfields and brownfields exploration
potential exists with over >3km of untested strike in the immediate mine-stratigraphy, and over >10km across the tenement.
Rare Earth Elements
OD6 Metals has successfully identified clay hosted rare earths at its 100% owned Splinter Rock Project which is located in
the Esperance-Goldfields region of Western Australia.
The Company released a Mineral Resource Estimate (MRE) for Splinter Rock in May 2024, confirming that the project hosts
the largest and highest-grade clay-hosted rare earths deposit in Australia with an Indicated Resource of 119Mt @ 1,632ppm
TREO and an Inferred Resource of 563Mt @ 1,275ppm TREO with an overall ratio of ~23% high-value Magnetic Rare Earths
(MagREE).
OD6 Metals believes that Splinter Rock has all the hallmarks of a world class rare earths project with a conceptual
development which utilises the large and high-grade Splinter Rock resource to support a long-life REE operation supported
by a low strip ratio
Corporate Directory
Managing Director
Mr Brett Hazelden
Non-Executive Chairman
Dr Darren Holden
Non-Executive Director
Mr Piers Lewis
Non-Executive Director
Dr Mitch Loan
Financial Controller/ Joint Company Secretary
Mr Troy Cavanagh
Joint Company Secretary
Mr Joel Ives
Contact
Investor Relations
OD6 Metals Ltd
Lucas Robinson
ACN 654 839 602
Corporate Storytime
www.od6metals.com.au
lucas@corporatestorytime.com
Mail to: info@od6metals.com.au
Phone: +61 408 228 889
Phone: +61 8 6189 8515
Level 1, 50 Kings Park Road, West Perth, WA 6005
PO Box 277, North Beach, WA 6920
PO Box 2009, Esperance, WA 6450
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