Announcement PDF OCTOBER 2024 GULF CREEK COPPER ACQUISITION One of Australia’s highest grade copper mines that history forgot ASX:OD6 IMPORTANT INFORMATION Disclaimer 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. 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. Forward Looking Statements 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: • 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). 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 Cautionary Statement Front page: Upper image – Gulf Creek workings, with shaft and smelter stack. Lower left – photograph of mine-spoil Gulf Creek. Lower right – photograph of slag material from historic smelting operations at Gulf Creek. Approximate location: ~GDA94) -30.1957oS, 150.6843oE 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 Key Acquisition Points Strong near-term catalysts on a historic, underexplored high-grade VMS copper system • High Grade Copper – Zinc VMS style deposit • 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 mine-stratigraphy, >10km across the tenement • Favourable deal metrics and structure • 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” 3 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 4 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 5 High Grade Copper Production History One of Australia’s highest grade historic copper mines • 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 Historic mine plan showing 3 main lodes 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); OD6 METALS | AUSTRALIAN CRITICAL MINERALS 6 Gulf Creek Historic Copper Mine Virtually untouched since 1912 with significant potential for untested extensional repeat lodes 1 1. 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 7 After driving through sixteen feet of country rock, impregnated with metallic copper, a lode of black sulphide ore was struck averaging twelve per cent copper, which, without a doubt, is one of the finest copper lodes found in Australia. Other crosscuts were driven, and these proved that this enormous (second) ore body is running parallel with the old one. When the ore was proved in the forty-eight feet level, crosscuts were driven west at the ninety-eight feet level and these proved that the lode was going down. From the old lode the north drives forty-eight feet, and ninety-eight feet have produced some fine ore. The old main shaft was sunk by the new Company to 168 feet, and a winze was also sunk in the old lode to this level, from the 98, carrying ore all the way down. “Gulf Creek” Maitland Daily Mercury, 10 May 1901 (Page 3) OD6 METALS | AUSTRALIAN CRITICAL MINERALS 8 Gulf Creek – Extensional Exploration Strong potential for repeat high-grade VMS structures with repeat blind structures identified • Strong association of magnetite with massive sulphide units as reported by UNE Thesis1 • 2021 drone magnetics2 matches known mineralization over >340m strike-length of historic ore-body • IP Chargeability3 geophysics coincident with extensional magnetic 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. 2. 3. McCarron, J. (1991); Rampe., M. (2022) Willets, G. & Fletcher, M., (2008) OD6 METALS | AUSTRALIAN CRITICAL MINERALS 9 Magnetics and IP Chargeability Geophysics Providing early and future targeting Magnet suspended from magnetic rock sample from Gulf Creek. Refer also slide 2 on cautionary statement. Long section1 view NE of historical workings showing I.P Survey chargability anomalies (drill targets) 1. Modified after, Willets, G. & Fletcher, M., (2008) OD6 METALS | AUSTRALIAN CRITICAL MINERALS 10 Phase 1 Program Permitted OD6 set to “hit the ground running” in Early 2025 with near term exploration activity • A 14 hole, 1,500 to 3,000m diamond or RC drill program is planned, permitted and drill-ready • All flora, fauna, land access and native title permits in place • Downhole EM is likely to be a suitable targeting technique for mineralisation/off-hole conductors • Reprocessing and reinterpretation of IP and drone magnetics with latest modeling techniques • New drone geophysical survey across the whole tenement • Phase 2 Program to expand drill targets outside of Gulf Creek workings area OD6 METALS | AUSTRALIAN CRITICAL MINERALS 11 Regional Extensional Exploration Upside Multiple untested comparable 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 • Tenement renewed until December 2029 1. 2. Comet Resources Press Release (13/01/2021) Rampe., M. (2022) OD6 METALS | AUSTRALIAN CRITICAL MINERALS Image – drone magnetics 1VD.2 12 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 13 Metallurgy likely to be simple Not tested but did produce Copper Matte Historically • No modern test work on fresh samples available1 • Sulphide ore means concentrator likely to be utilised • Two stage crushing • Two stage grinding mill • Staged flotation plant • Copper & Zinc Concentrates • Potential for Magnetite recovery as additional by-product 1. CRA conducted preliminary testwork on weathered surface samples recovered from surface dumps, and concluded a commercially marketable Cu-Zn concentrate could be achieved. (CRA, 1992). OD6 METALS | AUSTRALIAN CRITICAL MINERALS 14 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 PLANNED PHASE 1 PROGRAM, 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 drill programs to facilitate near term activity Favourable acquisition terms with no private royalty 15 CORPORATE SNAPSHOT High Calibre Leadership Team And Tight Capital Structure Capital Structure ASX: OD6 Price per share1 Total number of shares on issue A$0.029 1 128.69M Performance rights and options1 41.55M Market capitalisation (undiluted)1 A$3.73M Cash2 A$1.85M Debt2 Nil Enterprise value A$1.88M Share Price History A$/share Wayne Bramwell NON-EXECUTIVE CHAIR Mr Brett Hazelden Dr Darren Holden Mr Piers Lewis Dr Mitch Loan MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Register Detail Founders (exc. Directors and Management) 40% 42% Directors and Management Institutions 1. As at 25 October 2024 2. As at 30 September 2024. Refer to ASX announcement “Quarterly Activities and Cashflow Report” OD6 METALS | AUSTRALIAN CRITICAL MINERALS 5% 13% Retail / Other 16 Globally Significant Clay Hosted Rare Earth Project Gulf Creek Acquisition to Compliment the Splinter Rock Project whilst Rare Earth Prices Recover Splinter Rock Highlights Scrum Prospect Centre Prospect Inside Centre Prospect Prop Prospect Flanker Prospect • 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 • 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 • 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 Recoveries only reflect initial rare earth leaching, with further losses expected in precipitation, impurity removal, purification and drying OD6 METALS | AUSTRALIAN CRITICAL MINERALS 17 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 18 Appendix 1: Gulf Creek History 1896 1896-1912 1912 1963-1964 1967 1971-1975 1982 1991– 1993 1992 2001-2002 2006-2007 2011-2012 2013-2014 2017-2022 – 2024 Discovery of high-grade gossanous samples at surface at Gulf Creek. Maitland Daily Mercury (1901) Underground mine and on-site smelter – for a period, the best in the country employing 300 to 500 workers (Carne, 1908, Maitland Daily Mercury, 1904, 1911, Manilla Express, 1899). Mine closed due to low copper prices and lack of transport logistics for product. (Maitland Daily Mercury, 1911) Carpentaria Exploration (a subsidiary of Mt Isa Mines) conducted surface mapping and drilled two holes. One hole intersected old workings and was terminated. The other hole drilled beneath the plunge of the mineral system, missing the main lodes, yet intersected copper and silver mineralisation (no assays for zinc) over 3m. Carpentaria Exploration (1965) & Darlington (1964) Austminex reviewed the region for copper deposits as part of regional exploration. Austminex (1967). Serpentine Resources and Western Mining Corporation reviewed the region as part of extensional exploration of the Woodsreef asbestos mine located ~20km to the south of Gulf Creek; highlighting the presence of regional prospectivity for high-grade copper. Hall (1971), Mckenna, 1987. Newmont Holdings assessed the area principally for gold associated with copper mineralisation, and withdrew citing poor outcrop hampering mapping and prospecting activities. Newmont (1982) University of New England conducted geological investigations of the sediments and volcanics, including potential for Volcanogenic Massive Sulphides. McCarron (1991), Lawie, (1993) CRA Ltd mapped the regional geology and despite concluding there was potential for additional stacked lenses of blind mineralisation, withdrew from the project. CRA, 1992 Rimfire Pacific explored the area, though their exploration was focused elsewhere in the region principally towards gold and diamonds. Rimfire (2001,2002) Graynic Minerals conducted surface reconnaissance and IP Geophysics. Despite identifying several high priority targets, did not undertake any drilling. Graynic (2006,2008) Corazon Minerals conducted reconnaissance and a scoping study showing as little as 2 to 3Mt of ore could be economic in this area. Corazon (2011-2013); Byass & Roberts (2011) Peel Mining conducted a review, concluding that Gulf Creek was a promising target, but could not divert exploration budget from their projects in Cobar Basin. Marshall, (2013, 2014). Downes and Comet Resources carried minor amount of soil sampling and reconnaissance, and fly drone magnetics. This included permitting for drilling, but due to delays on Heritage (now solved) and other issues, did not continue with the project, Laursen (2017, 2018, 2019) & Rampe (2020, 2021, 2022) OD6 Metals agrees to acquire the project from Downes and is committed to the first substantial drill program on the project. OD6 METALS | AUSTRALIAN CRITICAL MINERALS 19 Appendix 2: Gulf Creek References - (1899) Gulf creek Copper Mines. Manilla Express, 29 July 1899, Page 2. Source: Trove: National Library of Australia - (1901) Gulf Creek Copper Mine. The Maitland Daily Mercury, 10 May 1901, P.3. Source: Trove: National Library of Australia - (1903) Assorted historic plans and maps, NSW Geol. Survey, Source:- NSW Govt R00042838 - (1904) Assorted historic plans and maps 1904-1982, NSW Geol. Survey, Source:- NSW Govt R00046054 - (1911) Gulf Creek Copper Mine. The Maitland Daily Mercury, 29 November 1911, P. 6. Source: Trove: National Library of Australia Carne, J.E., (1908) The Copper Mining Industry and the Distribution of Copper Ores in NSW, NSW Geol. Survey, Source:- NSW Govt R00050669 - (1963) Murchison Copper Prospect Gulf Creek, NSW Geol. Survey, Source:- NSW Govt MR0153 Darlington, R.E., (1964) Final Report - Gulf Creek Copper Prospect, NSW Geol. Survey, Source:- NSW Govt - (1965) Appendices to report on Gulf Creek Copper Prospect, Carpentaria Exploration, Source:- NSW Govt (1967) New England Project, Austminex, Source:- NSW Govt D002574700 Hall, L.R., (1971) Annual Report EL189, Serpentine Minerals, Source:- NSW Govt R0002944 McKenna, D., (1975) Annual Report EL649 Upper Bingara, Western Mining Corporation, Source:- NSW Govt -(1982) Annual Report E1870 Gulf Creek, Newmont Holdings PL, Source:- NSW Govt Brown, R.E., (1987) Preliminary Geological notes for the Manilla 1:250000 sheet, NSW Geol. Survey, Source:- NSW Govt Brown, R.E., Brownlow, J.W., (1990) Excursion Guide - Metallic and Industrial Mineral Deposits Manilla-Narrabri 1:250000 Sheet, NSW Geol. Survey, Source:- NSW Govt R00000818 Brown, R.E., Brownlow, J.W., & Kyrnen (1992). Metallogenic Study and Mineral Deposit Data Sheets: Manilla-Narrabri 1:250 000, SH/56/9, SH/55-12. Geological Survey of New South Wales (319p) (P.26) McCarron, J., (1991) The Geochemistry and Silurian/Devonian Cherts of the Djunati Terrane, NSW and their Implications in the exploration of volcanogenic massive sulphide deposits, The University of New England (BSc.Hons Thesis), - (1992) Annual Report EL3733 Gulf Creek, CRA Exploration Ltd, Source:- NSW Govt Lawie, D.C. (1993) A geochemical and multivariate statistical evaluation of gossans and ironstones from the southern NEO and LFB in NSW. , The University of New England (BSc.Hons Thesis), - (1995) Annual Report E4635, Mogul Mining, Source:- NSW Govt R00001060 Lottermoser, B.G., Ashley, P.M., Lawie, D.C. (1999) Environmental Geochemistry of the Gulf Creek copper mine area, north-eastern NSW, Australia, Environmental Geology, Vol. 39. - (2001, 2002) Annual Report EL5724, Rimfire Pacific Minerals, Source:- NSW Govt Thom, R (2006) Annual Report E6452, Graynic Metals, Source:- NSW Govt Willets, G., Fletche, M. (2007, 2008) Annual Report E6452, Graynic Metals, Source:- NSW Govt Thompson, A. (2011) Annual Report E6452, Corazon Mining, Source:- NSW Govt Byass, A., Roberts, M. (2011) Gulf Creek Copper-Zinc Deposit, Corazon Mining, Source:- NSW Govt Non-Gulf Creek references noted: Marshall, D., (2013) Annual Report E6452, Corazon Mining, Source:- NSW Govt Yildirim, Y et al. A magnetite-rich Cyprus-type VMS deposit in Ortaklar: A unique VMS style in the Marshall, D., (2014) Annual Report E6452, Corazon Mining, Source:- NSW Govt Tethyan metallogenic belt, Gaziantep, Turkey, Ore Geology Reviews. 79 (2016) Lee, A., (2015) Annual Report E8247, Peel Mining, Source:- NSW Govt Watanabe, M. et al. Mineralogy and geochemistry of Besshi-type deposits and related greenrocks Lee, A., (2016) Annual Report E8247, Peel Mining, Source:- NSW Govt in the Sanbagawa Belt, Japan: implications for their metallogenic evolution. Resource Geology Laursen, E., (2017) Annual Report E8492, Jonathan Downes, Source:- NSW Govt Special Issue No17: 213-228 Laursen, E., (2018, 2019 ) Annual Report E8492, Comet Resources, Source:- NSW Govt Rampe, M., (2020, 2021, 2022) Annual Report E8492, Comet Resources, Source:- NSW Govt Peters, J., (2023) Independent Geologists Report (Comet Resources), Burnt Shirt Pty Ltd, Source: Supplied OD6 METALS | AUSTRALIAN CRITICAL MINERALS 20 Appendix 3: Historic Photo “Gulf Creek” Sydney Mail & NSW Advertiser, 20 July 1901 OD6 METALS | AUSTRALIAN CRITICAL MINERALS 21 Appendix 3: Historic Photo “Gulf Creek” Sydney Mail & NSW Advertiser, 20 July 1901 OD6 METALS | AUSTRALIAN CRITICAL MINERALS 22