BIG JIM ROCKET SPAR ULTRA HIGH-GRADE FLUORSPAR CORRIDOR
Released
Released
Announcement PDF
ASX Announcement
9 September 2026
ASX: OD6
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BIG JIM, ROCKET, SPAR ULTRA HIGH-GRADE FLUORSPAR
CORRIDOR EXTENDS ACROSS 700m AT QUINN
Highlights
⢠Exceptional high-grade fluorspar results extend mineralisation across the ~700m RocketâBig Jimâ
Spar Corridor at the Quinn Fluorspar Project
⢠Six samples returned âĽ97% CaFâ, including three samples reported at 99.9% CaFâ, representing the
highest grades reported to date at Quinn
⢠Shallow dipping structures confirmed at Rocket and Big Jim, with steep dipping veins identified at Spar:
o Big Jim Main Vein: 99.9%, 99.9%, 99.7% and 99.5% CaF2 from a shallow dipping vein
o Big Jim Footwall: 37.4% CaF2 from footwall breccia (base of breccia not observed)
o Rocket: 88.8% CaF2 from fluorspar veins hosted in brecciated, silicified outcrop, with nearby float
samples of 99.9%, 97.0%, 90.6% and 74.0% CaF2 interpreted to be sourced from Rocket
o Spar: located approximately 450 metres east of Big Jim, returning 94.3%, 94.1% and 87.1% CaF2
from felsic dyke contacts
⢠High-grade fluorspar has now been identified across at least four mineralised structures of differing
orientation, with the corridor remaining open along strike and at depth
⢠Multiple mineralisation styles, including shallow-dipping veins, breccias and steeply dipping dyke-
contact veins, significantly expand the exploration opportunity
⢠Results represent the highest grades received to date on the Project, with several samples returning
near-pure fluorspar grades
⢠The corridor provides high-grade potential that complements the high-grade Horseshoe Project and the
bulk-tonnage Mammoth Project
Brett Hazelden, Managing Director of OD6 Metals comments
âThese are exceptional fluorspar grades and significantly expand the opportunity we see around Big Jim. Six samples
returned 97% CaFâ or better, including three reported at 99.9% CaFâ, across a prospective corridor extending
approximately 700 metres from Rocket through Big Jim to Spar.
Importantly, Big Jim is no longer an isolated high-grade occurrence. We have now identified multiple mineralised
structures and different styles of fluorspar mineralisation across the corridor, including the newly sampled Spar
prospect approximately 450 metres east of Big Jim, where samples returned up to 94.3% CaFâ.
The results also provide strong geological consistency with our recent metallurgical work. The 18kg Big Jim sample
previously returned a head grade of 98.3% CaFâ with very low gangue and deleterious elements and demonstrated
excellent ore-sorting performance. We are now seeing similarly exceptional grades in surface sampling across the
broader corridor.
The newly sampled Spar prospect, around 450 metres east of Big Jim, returned 94.3%, 94.1% and 87.1% CaF2 from
steeply dipping veins on felsic dyke contacts. Spar is a different structural style to the shallow-dipping structures at
Rocket and Big Jim, and it indicates the mineralising system is potentially more extensive than previously mapped.â
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OD6 Metals Limited (ASX: OD6, âOD6â or âthe Companyâ) is pleased to announce mapping and assays
from rock sampling at the Rocket-Big Jim-Spar Corridor, part of the exciting Quinn Fluorspar Project, in
Nevada USA.
Rocket-Big Jim-Spar Corridor Mapping and Rock Chip Sampling
As previously announced on 12 May 2026, the Company located the historic Big Jim workings with spectacular
fluorspar observed at surface. The Company has now received and compiled assay results from Big Jim as well as
the Rocket lodes and the Spar Mine area.
The Big Jim main structure (Figure 1, 2 & 3) is a located beneath a highly sicilified jasperoid breccia interpreted
to represent the Saw Mill Thrust (a Mesozoic low angle thrust dipping west). The mineralisation consists of an
observed 2 metre shallowly dipping (15-20°) west dipping vein of near pure fluorspar (returning cut assays up to
99.9%). The footwall to the vein consists of a breccia with mixed carbonate and fluorspar. The width of the footwall
zone is observed at also 2 metres, though its base is obscured and the true width may be greater than observed.
Historic workings with multiple-adits, as depicted and georeferenced in release dated 12 May 2026, indicates a
strike length of approximately 200 metres; though only one adit is now visible at surface (the remainder may have
been covered in subsequent erosion or intentional activity to prevent access to the historic workings). A second
footwall structure is noted in historic reports, though is obscured by a talus slope and has not been observed in
the field (Figure 3). The hanging wall iron-oxide zone also returned up to 3.5% CaF2, suggesting some leakage of
mineralising fluids above the main vein. Surface soil sampling (Figure 2) shows highly anomalous results along
strike to the north of the projected Big Jim structure, indicating a potential continuation.
The Rocket vein is a brecciated / silicified structure hosted in limestones (Figure 3). The structure, similar to Big
Jim, is dipping shallowly west and potentially parallel with bedding in Pogonip Formation Limestones. The width
of the vein is difficult to establish due to scant outcrop, but is estimated at 1 to 2m. Assay results from Rocket
returned up to 88.8% CaF2 in-situ, and nearby mine-spoil / float material, thought to be sourced from Rocket
included assays of 99.9% and 97% CaF2. A basal breccia at Rocket was also sampled and returned results up to
12.3% CaF2 suggesting a lower-grade footwall, similar to Big Jim, of unknown thickness.
In a recent site visit, some surface diggings suggest a possible second Rocket mineralised (Rocket (Upper) in Figure
3), with samples collected and assays pending (no visual estimate of mineralisation is presented here).
The Spar Mine area (Figure 4) consists of three small open pit diggings to approximately 1 to 2 metres depth.
Assay results returned 94.3%, 94.1%, 87.1% CaF2 samples. The mineralisation in the Spar area appears as veins
up to 2 metres wide and located along ENE-WSW striking and steeply dipping felsic dykes. Samples from the clays
on the dyke contact and the dyke itself also return anomalous fluorspar (6.6% CaF2 and 1.0% CaF2 respectively)
indicating a potential low-grade halo around the high-grade structures. Whilst the outcrop is quite sparse, the
dykes are resistant to weathering and can be traced across the topography towards Big Jim and form a potential
along-strike target area.
The Rocket-Big Jim-Spar corridor is a highly prospective zone of very high grade, near pure, fluorspar. Whilst the
veins are relatively narrow, compared to the 60 metre wide replacement zone at Horseshoe and the 100 metre
wide breccia/stockwork zone at Mammoth, they do afford the potential for very high grade deposits. The grades
observed at Big Jim are consistent with recently reported metallurgical results. Big Jim also produced excellent
ore-sorting results, and based on the surface geology it is anticipated that Spar and Rocket will also be amenable
to ore-sorting.
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Figure 1 Big Jim Structure with 2 metre wide high-grade zone returning assays up to 99.9% CaF2, footwall breccia with assays up
to 37.4% CaF2 and hanging wall iron-oxide zone returning 3.5% CaF2. The thickness of the footwall breccia is not known, as the
base is not observed.
Figure 2 Rocket-Big Jim-Spar Corridor with background geology, recent rock samples and soils coloured by fluorspar pathfinders
(F PC1 â refer press release dated 1 July 2026 for further information on the soil program)
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Figure 3 Rocket-Big Jim area with background geology and recent rock chips
Figure 4 Spar Area with background geology and recent rock chips
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Significance of these results
The corridor adds a third style of target to the Quinn Project. High-grade fluorspar has been confirmed in the
Rocket-Big Jim-Spar corridor in at least four structures of differing orientation over approximately 700 metres of
target, and the system remains open along strike and at depth. Whilst these 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, offering the potential
for compact, very high-grade sources of feed within a hub-and-spoke development.
Grade of this order carries direct product significance. Large-format metallurgical testwork on the Big Jim main
vein returned a head grade of 98.3% CaF2 with very low levels of gangue and deleterious elements and excellent
ore-sorting performance (refer release dated 12 August 2026), and Rocket and Spar are anticipated to behave
similarly. This supports a potential low-capital pathway to a Direct Shipping Metspar product ahead of a full
flotation circuit for premium Acidspar (>97% CaF2), at a time when the United States imports 100% of the fluorspar
it consumes and Nevada offers one of the few jurisdictions capable of delivering domestic supply.
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:
⢠location in Nevada, USA, one of the worldâs established mining jurisdictions
⢠a historical fluorspar mining district containing multiple known fluorspar occurrences
⢠OD6 has now consolidated 100% ownership of 226 mining claims covering ~1,890 hectares
⢠+20 Fluorspar occurrences, supporting a future hub-and-spoke development strategy
⢠exceptionally high-grade fluorspar mineralisation demonstrated through OD6âs recent exploration
and sampling programs
⢠Multiple high-priority drill targets defined from integrated geological mapping, fluorine geochemistry,
structural interpretation and historical drilling
⢠8km fertile mineralised corridor confirmed with additional high-grade fluorine anomalies identified
outside known deposits
⢠Low impurity mineralisation supports potential production of premium Acidspar (>97% CaF2) and
Metspar products following beneficiation
⢠Permitting program underway, including environmental baseline, archaeological studies and
preparation of drilling and bulk sample approvals
⢠Metallurgical testwork advancing with optical sorting and beneficiation studies to optimise premium
product recoveries
⢠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.
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Figure 5: Quinn Fluorspar Project â district claim position and project areas, Nevada USA
Figure 6: Prospect map: with fluorine pathfinders in soils over regional geological mapping (refer release dated 1 July 2026)
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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, tortuous, 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 and exploration 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.
The information in this report relating to the Mineral Resource estimate for the Splinter Rock Project is extracted
from the Companyâs ASX announcements dated 18 July 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 announcement has been authorised for release by the Board of OD6 Metals Limited.
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About OD6 Metals
OD6 Metals Ltd is an Australian critical minerals exploration and development company with projects spanning fluorspar, rare
earth elements and copper across the United States and Australia.
OD6 aims to position itself as an emerging supplier of strategically important critical minerals required for next-generation
industrial, defence and energy technologies.
Quinn Fluorspar Project â Nevada, USA
OD6 is advancing the Quinn Fluorspar Project located in Nevada, USA, one of the worldâs premier mining jurisdictions and
currently ranked second globally in the Fraser Institute 2025 Mining Attractiveness Index.
Quinn hosts multiple high-grade fluorspar deposits including Horseshoe, Mammoth and Big Jim, with historical drilling,
channel sampling and testwork confirming significant high-grade mineralisation and potential for both Metspar and premium
Acidspar products.
Fluorspar is classified as a critical mineral in the United States, which currently imports 100% of all Fluorspar consumed
domestically with >60% of all global supply sourced from China. It is essential in hydrofluoric acid production, AI
semiconductor manufacturing, advanced battery technologies, uranium enrichment, defence systems and refrigerants.
Splinter Rock Rare Earth Project â Western Australia
OD6âs 100% owned Splinter Rock Rare Earth Project in Western Australia hosts one of Australiaâs largest and highest-grade
clay-hosted rare earth deposits, with a Mineral Resource Estimate of:
⢠Indicated: 119Mt @ 1,632ppm TREO
⢠Inferred: 563Mt @ 1,275ppm TREO
OD6 is advancing an innovative processing flowsheet utilising heap leaching, nanofiltration and ion exchange technologies
designed to achieved ~75% Nd & Pr overall recovery plus produce a high-quality Mixed Rare Earth Carbonate/Hydroxide
product of ~56-59% TREO with low impurity levels
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 with significant exploration upside.
Recent drilling and geophysical programs have confirmed high-grade copper mineralisation and identified multiple large-
scale exploration targets along more than 10km of prospective strike.
Corporate Directory
Managing Director
Non-Executive Chairman
Non-Executive Director
Financial Controller/ Joint Company Secretary
Joint Company Secretary
Technical Advisor to the Board
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, 1 Alvan Street, Subiaco, WA 6008
Corporate Directory
Mr Brett Hazelden
Mr Piers Lewis
Dr Mitch Loan
Mr Joel Ives
Mr Lewis Flynn
Dr Darren Holden
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)
Elevation
(m)
CaF2 (%) Description
DH191 Rocket-Big Jim ROCK 616094 4221673 2575 99.9 Fluorspar from Big Jim Adit
DB067 Rocket-Big Jim ROCK 616092 4221666 2575 99.9 Purple and white fluorspar from mine-spoil
DH193 Rocket-Big Jim FLOAT 616071 4221688 2581 99.9 Fluorspar from wash line channel below
Rocket
DH190 Rocket-Big Jim ROCK 616092 4221675 2575 99.7 White fluorspar in Big Jim Adit
DH189 Rocket-Big Jim ROCK 616092 4221675 2575 99.5 Purple fluorspar in Big Jim Adit
JN010 Rocket-Big Jim FLOAT 615973 4221649 2636 97.0 Purple fluorspar in float
DH213 Spar ROCK 616535 4221829 2489 94.3 Fluorspar / vuggy texture vein
DH218 Spar ROCK 616500 4221845 2496 94.1 Fluorspar on dyke contact
JN012 Rocket-Big Jim FLOAT 616009 4221660 2618 90.6 Fluorspar float
DB066 Rocket-Big Jim ROCK 615975 4221653 2644 88.8 Fluorspar veins in brecciated silicified outcrop
DH219 Spar ROCK 616462 4221814 2506 87.1 Fluorspar in dozer scrape
JN011 Rocket-Big Jim FLOAT 616020 4221675 2608 74.0 Fluorspar in float
DH194 Rocket-Big Jim ROCK 615969 4221649 2648 62.7 Fe oxidation in Rocket pit wall
DH192 Rocket-Big Jim ROCK 616088 4221676 2578 37.4 Big Jim footwall limestone/fluorspar breccia
DH195 Rocket-Big Jim ROCK 615971 4221651 2645 12.3 Rocket basal breccia with Fe oxidation
DH215 Spar ROCK 616502 4221847 2494 6.6 Clay on dyke margin
DB068 Rocket-Big Jim ROCK 616090 4221666 2578 3.5 Fe rich contact on Big Jim Hanging Wall
DH183 Rocket-Big Jim ROCK 616020 4221629 2629 1.6 Fe breccia
DH220 Spar ROCK 616459 4221814 2506 1.0 Felsic dyke with Fe-Ox banding
DH217 Spar ROCK 616502 4221852 2491 0.8 Fracture fill breccia
DH214 Spar ROCK 616525 4221840 2491 0.4 Limestone breccia
DB069 Rocket-Big Jim ROCK 616050 4221790 2611 0.3 Banded breccia on Felsic dyke
DH221 Spar ROCK 616489 4221803 2498 0.2 Felsic dyke with Fe-Ox banding
DH224 Spar FLOAT 616648 4221596 2392 0.2 Scorodite / oxidation
JN009 Rocket-Big Jim ROCK 615982 4221602 2645 0.2 Silica breccia
DH186 Rocket-Big Jim ROCK 616080 4221605 2589 0.2 Silicified breccia HW to Big Jim
DH216 Spar ROCK 616502 4221847 2494 0.2 Fracture fill breccia
DH223 Rocket-Big Jim ROCK 616178 4221632 2523 0.2 Altered limestone
DH222 Rocket-Big Jim ROCK 616182 4221651 2521 0.1 Altered limestone
DH184 Rocket-Big Jim ROCK 616020 4221633 2628 0.1 Silica breccia
DH185 Rocket-Big Jim ROCK 616083 4221607 2588 0.1 Altered limestone
DB071 Spar ROCK 616550 4221788 2480 0.1 Felsic dyke
DH187 Rocket-Big Jim ROCK 616095 4221635 2584 0.1 Silicified breccia with Fe oxides
DH188 Rocket-Big Jim ROCK 616111 4221578 2569 0.1 Silicified breccia with Fe oxides
JORC 2012 â Table 1: Quinn Fluorspar Project
Section 1 Sampling Techniques and Data
(Criteria listed in the preceding section also apply to this section)
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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
⢠Rock chip samples are selective by nature and collected
by OD6 Metals geologists. Samples were collected to
establish grades both footwall and hanging wall to the
structures.
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
have occurred due to preferential loss/gain of
fine/coarse material.
⢠No drill sampling reported
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, as noted in 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
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Criteria JORC Code explanation Commentary
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.
OD6 Metals
⢠Samples were delivered to ALS Global in Reno, NV for
preparation.
⢠Sample were sent to ALS Global in Perth, Australia for
re-assaying using F-XRF24 as noted in the results.
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.
⢠All fluorine is assumed to report to CaF2. CaF2 is 48.7%
F. Results factor this stochiometric 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.
⢠High-grade results are consistent with observed pure
fluorspar at the surface, and are consistent with large
format samples collected for metallurgical testwork at
Big Jim.
⢠Two samples, DB067 & DH191 recorded assays of
48800ppm F and 49000ppm F respectively, which
returned effective assays, on the stoichiometric
equation of >100% CaF2. Given the results presented
offer scientific accuracy / precision of Âą 1.2%, these
samples were top-cut to 99.9%. Though it is also
possible that mm-scale thin clay zones concentrate F in
weathering, producing effectively a secondary mineral
>48.7% F. The effect of these weathering minerals is
not considered material to the prospectivity.
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 and using hand-
held GPS with assumed accuracy of Âą5m.
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.
⢠Sampling confirms continuity of mineralization. Yet in
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.
⢠Geological orientation is noted in the figures in the
body of the release. Widths of structures noted 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)
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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
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.
⢠As noted in previous release dated 4 March 2026, 12
May 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
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.
⢠No drilling reported
Data aggregation
methods
⢠In reporting Exploration Results, weighting
averaging techniques, maximum and/or minimum
grade truncations (eg cu
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