Trading Halt
Released
Released
Announcement PDF
Market Announcement
17 July 2023
OD6 Metals Limited (ASX: OD6) β Trading Halt
Description
The securities of OD6 Metals Limited (βOD6β) will be placed in trading halt at the request of OD6, pending it
releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the
earlier of the commencement of normal trading on Wednesday, 19 July 2023 or when the announcement is
released to the market.
Issued by
Shane Falconer
Adviser, Listings Compliance
17 July 2023
ASX Limited
Market Announcement 1/1
ASX Customer Service Centre 131 279 | asx.com.au
ASX Announcement
17 July 2023
ASX: OD6
TRADING HALT NOTICE
Nicholas Mountain
Adviser, Listings Compliance (Perth)
ASX Compliance
Level 40, Central Park
152-158 St Georges Terrace
Perth WA 6000
By email: tradinghaltsperth@asx.com.au
Dear Nicholas,
OD6 Metals Limited (ASX:OD6) β Request for trading halt
Pursuant to ASX Listing Rule 17.1, OD6 Metals Limited (Company) requests an immediate trading halt be
granted by ASX in respect of its ordinary shares, effective today, 17 July 2023.
In accordance with ASX Listing Rule 17.1, the Company provides the following information:
1.
Reason for trading halt β The trading halt is requested pending an announcement of a maiden Mineral
Resource Estimate at the Splinter Rock Project (Announcement).
2.
Duration of the trading halt β the Company anticipates that the trading halt will remain in place until
the earlier of such time as it makes the Announcement and the commencement of trading on Wednesday,
19 July 2023.
3.
Termination of the trading halt β the Company anticipates that the trading halt will cease upon it
making the Announcement.
4.
No reason β the Company is not aware of any reason why the trading halt should not be granted.
5.
Further information β the Company is not aware of any other information to inform the market about
the trading halt.
Yours faithfully,
Joel Ives
Company Secretary
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ASX Announcement
17 July 2023
ASX: OD6
About OD6 Metals
OD6 Metals is an Australian public company pursuing
exploration and development opportunities within the critical
mineral sector. The Company has successfully identified clay
hosted rare earths at its 100% owned Splinter Rock and Grass
Patch Projects, which are located in the Esperance-Goldfields
region of Western Australia - about 30 to 150km northeast of
the major port and town of Esperance.
Drilling and geological analysis at its flagship Splinter Rock has
shown widespread, thick, high-grade clay hosted REE deposits
that extend over hundreds of square kilometres. Metallurgical
testing using hydrochloric acid to leach the rare earths have
resulted in positive REE recoveries with optimisation ongoing.
The Company aims to delineate and define economic resources
and reserves of Rare Earth Elements (REE), in particular Neodymium (Nd) and Praseodymium (Pr), which can be
developed into a future revenue generating mine. Clay REE deposits are currently economically extracted in China,
which is the dominant world producer of REEs.
REE are becoming increasingly important in the global economy, with uses including advanced electronics and
permanent magnets in electric motors. As an example, a neodymium magnet used in a wind turbine or electric
vehicle motor is 18 times stronger than a standard ferrite magnet significantly increasing energy use efficiency.
As part of the exploration process the Company has entered into heritage agreements with Esperance Tjaltrjraak Native
Title Aboriginal Corporation and the Ngadju Native Title Aboriginal Corporation that serves to both enable exploration and
protect important cultural sites on Country.
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
Exploration Manager
Tim Jones
Contact
OD6 Metals Ltd
ACN 654 839 602
www.od6metals.com.au
Mail to: info@od6metals.com.au
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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