Trading Halt
Released
Released
Announcement PDF
Market Announcement
28 October 2024
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, 30 October 2024 or when the announcement is
released to the market.
Issued by
ASX Compliance
28 October 2024
ASX Limited
Market Announcement 1/1
ASX Customer Service Centre 131 279 | asx.com.au
ASX Announcement
28 October 2024
ASX: OD6
Trading Halt Notice
Daniel Nugawela
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 Daniel,
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, 28 October 2024.
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 regarding a material
acquisition (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,
30 October 2024.
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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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), Praseodymium (Pr), Dysprosium (Dy) and Terbium
(Tb), 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
Mr Wayne Bramwell
Non-Executive Director
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
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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