Announcement PDF 1 Chair’s Letter 2 Managing Director’s Overview 4 Review Of Operations 10 Environmental, Social and Governance 15 Corporate 29 Annual Financial Report 33 Corporate Directory 34 Directors’ Report including Remuneration Report 35 Corporate Governance Statement 45 Auditor’s Independence Declaration 46 Consolidated Statement of Profit or Loss and Other Comprehensive Income 47 Consolidated Statement of Financial Position 48 Consolidated Statement of Changes in Equity 49 Consolidated Statement of Cash Flows 50 Notes to the Financial Statements 51 Directors’ Declaration 69 Independent Auditor’s Report 70 ASX Additional Information 76 Schedule of Mineral Tenements 80 ACKNOWLEDGEMENT OF COUNTRY OD6 Metals Limited acknowledges the Esperance Nyungar and Ngadju Peoples of the land and waters upon which our exploration is focused and the Whadjuk People of the land upon which our offices are based. We pay our respects to the Traditional Owners and their elders past, present and emerging. 1 CHAIR’S LETTER Dear Shareholder As the outgoing Chair of OD6 Metals Ltd and on behalf of the Board and Management during the reporting year, it is my pleasure to present this letter to you as part of the 2024 Annual Report. On behalf of the Board of Directors, I acknowledge the Ngadju people and the Esperance Nyungar people, the Traditional Owners of the land upon which we work. We pay our respects to the respective Traditional Owner groups and their elders, past, present and emerging. We also thank the Traditional Owners and their representatives for their support on-country during the past year. Further we would also like to recognise the Esperance community who have provided significant support to the Company over the last two years, including welcoming parts of our exploration team who have been living in the vibrant town. The aims of OD6 Metal’s Environmental, Social and Governance (ESG) approach are to minimize the Company’s environmental impact, look after our people, grow with our communities and create value for our stakeholders. We continue to strive to ensure our activities are underpinned by high standards of business ethics, governance and regulatory compliance, along with acting with integrity to responsibly deliver future rare earth resources for a low carbon future. The Company’s second year as a listed entity has seen it continue to build on the foundations put in place last year and importantly fulfil the short-term commitments made in the 2022 Prospectus. The remarkable progress at the Splinter Rock Project has surpassed our expectations with exploration results delivering Australia’s largest and highest grade clay hosted Rare Earth Elements (REE) deposit, in non-farming districts to the north east of Esperance in Western Australia. In May 2024 OD6 Metals announced a doubling in size of its Total Mineral Resource Estimate (MRE) at the Splinter Rock Project, to 682Mt @ 1,338ppm TREO at 1,000ppm cut-off grade (Indicated + Inferred). Included in this figure is the High Grade Indicated MRE at our Inside Centre prospect with 119Mt @ 1,632ppm TREO at 1,000ppm cut-off grade 1. As shareholders are aware, OD6 Metals continues to follow a disciplined approach where we look to pursue a “Best of the Best” strategy that involves identifying the best geo-metallurgical prospects. One such priority area is the Inside Centre Prospect, that contains a high grade indicated resource, with all the key characteristics, in terms of tonnes, grade, thickness, strip-ratio, high metallurgical recovery and low reagent consumption. The company has ongoing collaborations with some of Australia’s leading research organisations, namely, ANSTO, CSIRO, Murdoch University and Monash University. These partners have continued to do significant works that have enabled substantial progress in comprehending basin composition, regolith characteristics, REE mineralogy and metallurgical recovery potential. Of note, the researchers at CSIRO applied new complex algorithms and machine learning technology techniques to model basins to predict clay thicknesses, depth of surface cover and granite boundaries, which identified highpriority target areas for on-going work. ANSTO, a world leader in rare earth extraction and impurity removal, has completed three phases of leaching testwork designed to test multiple different clay types, in order to identify the initial leaching conditions to maximise REE recovery, which has averaged around 60%. Work is continuing as part of the Phase Four metallurgical test program with the aim of producing a Mixed Rare Earth Carbonate (MREC). The Company’s commitment to remain at the forefront of Australia’s REE sector, is reflected through the research into engineering aspects, including identifying the best path to efficiently provide what is required for large scale development, the studies into producing reagents on-site, as well as utilising the excellent renewable energy resources available to the Esperance district. 1 ASX Ann: Mineral Resource Estimate Doubles at Splinter Rock Rare Earth Project 29 May 2024 2 CHAIR’S LETTER (CONTINUED) We recognise that the above achievements are not possible without the support of our shareholders and we thank all of those investors who participated in the successful Share Placement and Share Purchase Plan in March and April 2024. OD6 Metals also received a significant research and development (R&D) tax offset for the 2023 Financial Year. The Company expects to continue R&D works and anticipates being able to claim future tax offsets over the coming years. Despite a number of headwinds impacting critical minerals exploration, discovery and development across the world, the Directors are determined to continue to drive momentum. We believe that Rare Earth Elements (REE) are crucial for a world in an energy industry transition and Australia must provide a globally significant role in this future. The REE market has seen a substantial decrease in pricing value from the highs of above US$120 per kilogram NdPr to the current levels of US$45 per kilogram NdPr which has impacted the sector as a whole. As a result of these lower prices, almost all REE companies, including OD6 Metals, have experienced a reduction in share value, along with the potential viability of developing projects. Future demand is still forecast to be strong with pricing needing to increase to enable projects to be financed to meet this demand without having supply shortages. This low commodity price environment has led to many of the existing producers and development ready miners forced to modify strategies in order to reflect considerably reduced profit margins. As such OD6 Metals is taking a conservative approach to timeframes involving drilling, testwork, studies and overall general expenditure. Directors are maintaining an open mind on whether the company should look at additional projects, to compliment the Splinter Rock Project, in the short to medium term. Although the journey has not been without its challenges the Directors have not wavered in pursuing a welldefined, strategic course and on behalf of the Board, I thank everyone in our team for their genuine belief and commitment during the year as we strive to develop a world class asset. This will be my last Annual Report as Chair, as I hand over to the very capable and well regarded incoming Independent Non-Executive Chairman, Wayne Bramwell. With Board renewal such a vital part of a healthy business we are delighted to welcome Wayne to the team and his involvement will power growth with our ongoing aim to create shareholder value from the Australian critical minerals industry. Yours faithfully Dr Darren Holden Founding Non-Executive Chair 10 September 2024 3 MANAGING DIRECTOR’S OVERVIEW In providing this Managing Director’s Overview for the 2024 OD6 Metals Annual Report, we will summarise the status of the Company, highlight significant achievements during the year and outline the increased focus on the Splinter Rock Project, with its favourable combination of resource size, grade and metallurgical recoveries. OD6 Metals has been pursuing exploration and development opportunities within the critical mineral sector and has successfully identified clay hosted rare earth elements (REEs) at its 100% owned Splinter Rock and Grass Patch Projects: • Splinter Rock Project: a 2,579km2 tenement package located approximately 150km northeast of Esperance, Western Australia, comprising six granted exploration licences. • Grass Patch Project: a 2,248km2 tenement package located approximately 30km to 100km north of Esperance, Western Australia, comprising four granted exploration licences. REEs are increasingly important in the global economy, in particular the high value Magnetic Rare Earths (MagREE) Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy) and Terbium (Tb). Which are utilised in advanced electronics and permanent magnets in electric motors in electric vehicles, wind turbines and robotics. In terms of location, OD6 Metals Projects are close to the large, well established coastal town Esperance, with the potential to provide a local workforce for any future development. The Esperance Bulk Port hosts more than 200 ships each year, with Cape size and container vessel capacity. There is a well-maintained road network connecting the Splinter Rock Project to a town which also boasts proven renewable energy infrastructure. 4 MANAGING DIRECTOR’S OVERVIEW (CONTINUED) Esperance – Bulk Commodity / Container Port, Established Infrastructure and Renewable Energy The OD6 Metals’ team has continued to follow a disciplined and strategic approach in exploring, metallurgically testing and advancing the “best of the best” prospects at its Splinter Rock Project. This can be seen through the timeline below and the list of key announcements representing a considerable and consistent effort. Notably, OD6 Metals achieved considerable success during the past 12 months, culminating in in the doubling of the Total Mineral Resource Estimate (MRE) to 682Mt @ 1,338ppm TREO at 1,000ppm cut-off grade (Indicated + Inferred) for 910 kilo-tonnes of contained TREO and 205 kilo-tonnes of contained MagREO. This includes the high grade Indicated MRE at Inside Centre of 119Mt @ 1,632ppm TREO also at 1,000ppm cut-off grade 2. Timeline - Delivering Results During 2023 / 2024 2 ASX Ann: Mineral Resource Estimate Doubles at Splinter Rock Rare Earth Project 29 May 2024 5 MANAGING DIRECTOR’S OVERVIEW (CONTINUED) Key ASX Announcements (including ASX hyperlinks) Date Announcement Title 19 June 2024 Presentation - Rare Earth Industry Association 29 May 2024 Mineral Resource Estimate Doubles at Splinter Rock 13 May 2024 High Metallurgical Recoveries Continue at Splinter Rock 1 May 2024 Successful Exploration Incentive Scheme Application 22 April 2024 Presentation - Asian Rare Earths Conference 18 April 2024 Simple Beneficiation Lowers Acid Consumption and Costs 19 March 2024 Presentation - Mineral Sands and Rare Earths Conference 6 March 2024 Upside Surprise to Metallurgical Recoveries at Grass Patch 27 February 2024 Excellent Metallurgical Recoveries Continue at Splinter Rock 23 November 2023 Chairman's Address and AGM Presentation 16 November 2023 Investor Presentation - ANU REE Conference 15 November 2023 Modelling Reveals Major Extensions to REE Basins 9 November 2023 Standout Grades and Thickness Confirmed at Centre Prospect 7 November 2023 Metallurgical Test Results Confirm Low Acid Consumption 21 September 2023 Phase 3 Drill Results Significantly Expand Prop Potential 15 August 2023 Phase 3 Drilling Complete at Splinter Rock REE Project 18 July 2023 Splinter Rock Maiden Mineral Resource 344Mt @ 1,308 ppm TREO Inferred Resource at a 1,000ppm cut-off grade 18 July 2023 Investor Presentation 6 July 2023 Investor Presentation - Broker Briefing Mining & Resources As the announcements indicate, activities during the year have primarily focussed on the Splinter Rock Project with significant effort to achieve the upgraded MRE but also an emphasis on test work activities at ANSTO, which to date have shown promising recovery results utilising a simple hydrochloric acid leach. The standout prospect within the Splinter Rock Project is the high grade Inside Centre Prospect (refer maps and, containing 119Mt at 1,632ppm TREO (Indicated Resource), with Phase 4 metallurgical testing works currently ongoing at ANSTO to evaluate and study the various parameters so that we can identify a way to economically upgrade the clays, leach the rare earths, remove the impurities, produce a saleable Mixed Rare Earth Carbonate (MREC) and return the treated clays back to mining areas. This will take a systematic approach to geometallurgical modelling of the clays and optimising the relationships between grade, recovery, reagent consumption and final product purity. The outcomes of these works will enable future economic studies to be undertaken. 6 MANAGING DIRECTOR’S OVERVIEW (CONTINUED) Centre Scrum Prospect Prospect Inside Centre Prospect Prop Prospect Flanker Prospect Splinter Rock Project Prospects Centre Mineral Resource shell on the basement model (from AEM data). Oblique view to the north. Cross Section Figure 4-8 shown as A-A’ etc. Vertical Exaggeration x 5. 7 MANAGING DIRECTOR’S OVERVIEW (CONTINUED) Centre Prospect Cross Section A to A’ (refer Figure 18 for cross-section location). Vertical exaggeration x 5. Centre Prospect Cross Section B to B’ (refer Figure 18 for cross-section location). Vertical exaggeration x 5. The economics of the Rare Earths Industry is currently under pressure with prices returning to historic low levels which in turn has seen current producers making little to no profits. The prices required for new producers to enter the market has been highlighted by a number of recently released peer economic studies showing that proposed new developments are breakeven, at best, at the current prices and requiring a substantial increase in forecast price to enable project financing activities to advance and development to commence. 8 MANAGING DIRECTOR’S OVERVIEW (CONTINUED) $300 $2,500 $250 $2,000 $200 $1,500 $150 $1,000 $100 $500 $50 $- Dy / Tb Price per kg Nd / Pr Price per kg Historic MagREO Pricing $2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 H1 2024 Nd Oxide Pr Oxide NdPr Oxide Dy Oxide Tb Oxide * China domestic prices converted to USD using the average RMB to USD exchange rate for each year. All prices include VAT. In 2009-2017 and Jan-May 2018 VAT was 17%; from May 2018 to April 2019 VAT was 16%; from April 2019 to present VAT is 13%. Source: Adamas Intelligence As such, the Company continues to maintain a disciplined approach to creating budgets, carefully managing the timing and level of expenditure. Our next steps are clear, with ongoing metallurgical optimisation works being undertaken at ANSTO, which then need to be analysed and evaluated prior to any further drilling and scoping study activities. Lastly, part of the focus during the next 12 months will be the examination of alternative business development opportunities. This may include initiating an additional project to develop a different commodity, applying the same methodical, value driven approach we have implemented during the past two years. Brett Hazelden Managing Director 10 September 2024 9 REVIEW OF OPERATIONS The Company OD6 Metals Limited is an Australian public company with a purpose to pursue exploration and development opportunities within the resources sector. The Company, through the Subsidiaries, holds a 100 per cent interest in in the following Projects: • Splinter Rock REE Project: a 2,579 square kilometre tenement package located approximately 150 kilometres northeast of Esperance, Western Australia, comprising six granted exploration licences, being E63/2115, E69/3904, E69/3905, E69/3907, E69/3893 and E69/3894. • Grass Patch REE Project: a 2,248 square kilometre tenement package located approximately 30 kilometres to 100 kilometres north of Esperance, Western Australia, comprising four granted exploration licences, being E63/2151, E63/2152, E63/2185 and E63/2154. The two exploration licence applications, being E63/2153 and E74/693, were withdrawn on 8 August 2024 (i.e. after the end of 2023/24 Financial Year). The location of OD6 Metal’s REE Projects are shown in the following table with the locations shown on the subsequent map. PROJECT TENEMENT NUMBER HOLDER STATUS GRANTED OWNERSHIP Splinter Rock E 63/2115 Odette Six Pty Ltd Granted 4 Feb 22 100% Splinter Rock E 69/3904 Odette Six Pty Ltd Granted 15 Feb 22 100% Splinter Rock E 69/3905 Odette Six Pty Ltd Granted 15 Feb 22 100% Splinter Rock E 69/3907 Odette Six Pty Ltd Granted 14 Feb 22 100% Splinter Rock E 69/3893 Odette Six Pty Ltd Granted 20 Jan 22 100% Splinter Rock E 69/3894 Odette Six Pty Ltd Granted 20 Jan 22 100% Grass Patch E 63/2185 Grass Patch Metals Pty Ltd Granted 1 Mar 22 100% Grass Patch E 63/2151 Grass Patch Metals Pty Ltd Granted 2 Dec 21 100% Grass Patch E 63/2152 Grass Patch Metals Pty Ltd Granted 3 Dec 21 100% Grass Patch E 63/2154 Grass Patch Metals Pty Ltd Granted 6 Dec 21 100% Grass Patch E 63/2153* Grass Patch Metals Pty Ltd Application* - 100% Grass Patch E 74/693* Grass Patch Metals Pty Ltd Application* - 100% * Withdrawal of applications for tenement exploration licences E 63/2153 and E 74/693 were successfully lodged on 8 August 2024. 10 REVIEW OF OPERATIONS (CONTINUED) Note: Withdrawal of applications for tenement exploration licences E 63/2153 and E 74/693 were successfully lodged on 8 August 2024. Splinter Rock REE Project The Splinter Rock project is located approximately ~150km by road northeast of Esperance. The rare earth element (REE) mineralisation at the Splinter Rock Project occurs in the weathered profile (in-situ regolith) adjacent to Booanya granitic basement rocks which are enriched in REE. The strong enrichments in REE distinguishes Booanya granites from all other granite groups in the Esperance area. CSIRO have been engaged to use cutting edge exploration tools to assist OD6 Metals in targeting the most likely areas of significant REE mineralisation. Four significant prospect areas have been identified at Splinter Rock, being: Scrum, Centre, Flanker and Prop. The prospects contain amongst the thickest and highest grades of clay hosted REE’s in Australia. The thickness, area and density of the clays show the massive potential scale of REE at Splinter Rock. An updated mineral resource estimate of 682 Mt @ 1,338 TREO at 1,000 ppm cut-off grade was announced in May 2024. Highlights include: • High grade indicated MRE at the stand-out Inside Centre prospect of 119Mt at 1,632 ppm TREO with 23% Magnet Rare Earth Oxides (MagREO) with near surface mineralisation up to 70m thick. • Less than 10% of targeted clay basin area included in the estimate, with on-going exploration to further expand the known mineralisation. • High value MagREO represent an average of ~23% of TREO grade. • Continued exploration prioritisation of ‘best of the best’ in terms of grade, MagREO content, thickness and metallurgical recovery. 11 REVIEW OF OPERATIONS (CONTINUED) Mineral Resource Estimate 3 The Mineral Resource is expressed as Total Rare Earth Oxide (TREO), represented by: TREO (Total Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3 MagREO (Magnetic Rare Earth Oxide) = Pr6O11 + Nd2O3 + Tb4O7 + Dy2O3 HREO (Heavy Rare Earth Oxide) = Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 The key magnet rare earth elements Neodymium (Nd), Praseodymium (Pr), Terbium (Tb) and Dysprosium (Dy) comprise the highest price and demand, driving the future economics of the Project. The Mineral Resource is presented as elemental oxides (as opposed to elements) in accordance with current industry practice. Prospect Category Tonnes (Mt) TREO (ppm) Pr6O11 (ppm) Nd2O3 (ppm) Tb4O7 (ppm) Dy2O3 (ppm) MREO (ppm) MREO/TREO (%) Inside Centre Indicated 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% 682 1,338 64 226 3 14 307 22.9% Total Indicated & Inferred Splinter Rock Rare Earth project Mineral Resource Estimate - by Prospect at 1,000ppm TREO cut off grade The Mineral Resource estimate for Splinter Rock has been reported at a 1,000 ppm TREO cut-off grade. The cutoff grade was chosen on the basis of a preliminary review of the parameters that would likely determine the economic viability of an open pit operation and with comparison with other clay hosted REE deposits. The geological model and search parameters are based both on drilling and the modelling of the electromagnetic data by the CSIRO. The electromagnetic modelling, calibrated by drill data, has proven very reliable at predicting clay basin thicknesses (refer below and ASX announcement: 15 November 2023). The Mineral Resource was estimated cumulatively for consecutive grade groups which allows for the results to be reported cumulatively for different cut-off grades and presented for comparison purposes. Cut-off ppm TREO Tonnes (Mt) TREO (ppm) Pr6O11 (ppm) Nd2O3 (ppm) Tb4O7 (ppm) Dy2O3 (ppm) MREO (ppm) MREO/TREO (%) 400 2,226 884 42.0 147.0 1.8 9.9 201 22.7% 600 1,654 1014 48.4 170.1 2.1 11.3 232 22.9% 800 1,125 1164 55.8 196.1 2.3 12.7 267 22.9% 1,000 682 1338 64.4 225.8 2.6 14.2 307 22.9% 1,200 394 1518 73.3 256.1 2.8 15.5 348 22.9% 1,400 226 1686 81.8 285.0 3.1 16.5 386 22.9% Splinter Rock Rare Earth project Mineral Resource Estimate - by global cut-off grade 3 ASX Ann: Mineral Resource Estimate Doubles at Splinter Rock Rare Earth Project 29 May 2024 12 REVIEW OF OPERATIONS (CONTINUED) Splinter Rock REE Project tonnage and grade curve 13 REVIEW OF OPERATIONS (CONTINUED) Grass Patch Project The Grass Patch project is located approximately in an area 30km to 100km north of Esperance. The Project is predominantly on private agricultural land and covered with wheat and sheep farming, with cultivated topsoil cover of approximately 30cm. The tenements have extensive calcrete formation which is up to 30cm in thickness with such calcrete material having been quarried and utilised for sheeting the secondary roads within the region. High-grade clay REEs were successfully identified through a 93-hole reconnaissance drilling program conducted in early 2023. • Grades of up 3,340ppm TREO with up to 38.5% MagREO encountered. • Thick clays encountered of up to 59m (average range of 3m to 20m). • Three key areas to be targeted for further exploration: Belgian Prospect, Circle Valley Prospect, Scaddan Prospect. • High-potential Prospect areas have undergone metallurgical testing with average MagREO recoveries of 69% and up to 86% achieved at acid leaching rate of 25g/l HCl. Grass Patch Project – Significant Intercepts 14 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) Sustainability OD6 Metals aspires to make a positive difference by embedding responsible business practices in our operations. As a rare earth explorer within the critical mineral sector, OD6 Metals is dedicated to advancing Environment, Social and Governance (ESG) standards for sustainable and ethical development. OD6 Metals aims to be a valued contributor to its stakeholders, the community and the environment. Our dedication to social and environmental responsibility is a fundamental part to lead OD6 Metals towards a more sustainable future. Rare Earth Elements’ Role in the Energy Transition Rare earths are a series of elements that are experiencing increasing demand due to their critical role in modern technology. These elements are vital for the composition of rare earth magnets (MagREO), which are essential components in various high-tech applications, including electric vehicles, wind turbines and electronics. The need for a diversified global supply chain has become increasingly apparent, as dependence on a limited number of sources poses significant risks to supply security. Rare earth elements are integral to the development of sustainable technologies, making them an important contributor towards achieving global climate goals and transitioning to a lower carbon economy. In Australia, rare earths have gained prominence due to the Federal Government’s diversity of supply requirements. The value of global MagREO consumption is projected to increase significantly by 2035 (rising from US$15.1 billion in 2022 to US$46.2 billion in 2035. 4 OD6 Metals is focussed on performing a constructive role in this transition towards a cleaner energy future by developing an environmentally and socially responsible approach to producing critical rare earth materials. ESG Committee OD6 Metals has formalised its sustainability oversight through an ESG Committee and an ESG Committee Charter under the Corporate Governance Plan 5. As outlined in the Committee Charter, the ESG Committee’s main objective is to support and advise the Board in addressing sustainability matters. In FY24, the ESG Committee met twice to review sustainability matters. Informed by OD6 Metals’ sustainability priorities, the ESG Committee articulated OD6 Metals’ ambition and commitment to sustainability. OD6 Metals has formulated an ESG Policy to guide the Board and employees in minimising adverse sustainability impacts and ensuring sustainable operations. The policy serves as a framework for the company's activities, emphasising responsible practices across environmental, social and governance dimensions. Stakeholder Engagement The Company recognises that meaningful engagement with stakeholders and actively incorporates stakeholder feedback into decision-making processes. It actively seeks input from stakeholders, which at this time include local communities, First Nation Peoples (the Ngadju people and the Esperance Nyungar people, the Traditional Owners of the land upon which we work), landowners, employees, contractors, suppliers, Local Government, State Government, Federal Government, non-government organisations, investors, community groups and regulatory bodies, to better understand their expectations and address their concerns. 4 Source Adamas Intelligence, June 2022 5 Policy available at OD6 Metals’ website. 15 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) (CONTINUED) Stakeholders How we engaged Government and Regulators Reporting, approvals, licences and permits, Critical minerals meetings, briefings, publications and participation in Rare Earth supply public policy discussions, forums, relationships with Resource management government ministers and government agencies, Cultural heritage letters, emails, formal submissions, website, Workplace health and safety participation in industry association and advocacy Climate change bodies, annual reports including establishment of Regulatory reform including support for applicable committees and related activities new energy and critical minerals sector Direct engagement, heritage surveys, phone calls, Indigenous engagement and email, media, meetings, feedback sessions and procurement cultural awareness training Heritage Surveys Community relationships First Nation Peoples Key Interests and Concerns Shareholders and Website, investor briefings, annual general Investors meetings, emails, annual reports and ASX announcements and financial reports Rare earth price and trends Geological discoveries Company development Financial performance Employees and Contractors Implementation of an Employee Assistance Program Health, safety and wellness Esperance based employees Impacts of fly-in fly-out (FIFO) lifestyle Company development Wellbeing Direct engagement, phone calls, email, media (including newspaper articles, meetings, events), website, feedback and local procurement in the Goldfields / Esperance Regions Local procurement First Nation Peoples engagement OD6 Metals development Support of Shire of Esperance activities Communities SharePoint Hubs, team meetings, site meetings, induction training and emails Suppliers/Vendors Direct engagement, phone calls, email, media, Supply chain opportunities newspaper, meetings, feedback sessions and Rising costs procurement of services locally in accordance with Contract terms our Local Procurement Policy, adherence to agreed Esperance and Goldfields procurement terms and conditions and timely payment Non-government Direct engagement, emails, events, website Workplace health and safety organisations Skills shortage Development of Australia’s Critical Minerals Sector Gender equity Climate New legislation 16 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) (CONTINUED) Materiality Assessment Determining OD6 Metals’ sustainability objectives is important for establishing a robust sustainability framework. OD6 Metals completed a materiality assessment to produce a list of sustainability topics considered material to OD6 Metals and its stakeholders. This process ensures the priority allocation of company resources towards the sustainability objectives set out below. Sustainability Priorities ENVIRONMENTAL Environmental Management OD6 Metals is committed to reducing its environmental footprint. The Company’s Environmental Exploration Management Plan provides a structured environmental management approach during the exploration stage. At both the Grass Patch and Splinter Rock Projects, all exploration activities