Phase 3 Drill Results Significantly Expand Prop Potential
Released
Released
Announcement PDF
High Grade Phase 3 Drill Results Significantly
Expand Prop Prospect Potential
OD6 Metals Limited (OD6 or the Company) is pleased to report initial assay
results for Phase 3 drilling at its Splinter Rock clay hosted rare earth element
(REE) Project, located northeast of Esperance in Western Australia.
Highlights:
•
Outstanding initial assay results from 78 holes of the completed 145-hole program.
•
Grades of up to 4,159 ppm Total Rare Earth Oxides (TREO) returned, with extensive clay thickness
of up to 56m at consistently high grades.
•
Clays confirmed across a 11km length at Prop with widths between 4 to 5km.
•
Returned assays in 61% of holes show grades in excess of 1,000ppm TREO.
•
High value Magnet Rare Earth Oxides (MREO) represent an average of ~21% of TREO grade.
•
Drill results strongly correlate with interpreted data from Airborne Electromagnetic Survey (AEM),
validating geological modelling and exploration program design.
•
Real and substantial potential for Mineral Resource expansion based on these results.
•
Pending assay results at Centre are expected to be progressively received over the coming weeks.
•
All assays using 4-acid soluble digestion (i.e. does not assay for resistate non-acid soluble REE minerals).
•
The Phase 3 drill program received funding through the Western Australian Government’s Exploration
Incentive Scheme Co-funded drilling program.
Significant high-grade clay-hosted rare earth intersections include:
•
56 metres at 1,111ppm TREO (23.40% MREO) from surface (SRAC0406)
•
•
Including 30 metres at 1,646ppm TREO (24.0% MaREO) from 24 meters
40 metres at 1,308ppm TREO (21.9% MREO) from 21 metres (SRAC0377)
•
Including 28 metres at 1,646ppm TREO (21.8% MREO) from 33 metres
•
36 metres at 1,206ppm TREO (22.7% MREO) from 30 metres (SRAC0410)
•
25 metres at 1,257ppm TREO (25.7% MREO) from 15 metres (SRAC0408)
•
37 metres at 1,143ppm TREO (23.3% MREO) from 45 metres (SRAC0425)
•
27 metres at 1,141ppm TREO (23.2% MREO) from 51 metres (SRAC0401)
•
33 metres at 1,065ppm TREO (21.9% MREO) from 21 metres (SRAC0398)
•
14 metres at 1,628ppm TREO (23.8% MREO) from 27 metres (SRAC0432)
1
Brett Hazelden, Managing Director, commented:
“These outstanding drill results have further confirmed the high-grade clay hosted rare earth nature of the Prop
Prospect. With the combination of clay thicknesses of up to 56m, grades in excess of 1,000ppm Total Rare Earth
Oxides (TREO), and consistency across several kilometres of width and length, the Prop Prospect continues to validate
this globally significant discovery.
It is important to recognise how materially these results expand the extent of the current footprint of high-grade
mineralisation at the Prop Prospect, offering real and substantial potential for resource expansion.
Results remain outstanding for 67 holes of the drilling program at our Centre Prospect, which also stepped out from
the existing extent of the MRE boundary. We are eagerly awaiting these assay results and expect them to be
progressively received over the coming weeks.
OD6 is grateful for the continued support from the Department of Mines, Industry Regulation and Safety whose
funding, via the Exploration Incentive Scheme, helped facilitate the expedition of this drill program.”
High Grade
Clay Hosted
REEs Over
Massive Area
Phase 3 Aircore drilling recently completed at the Splinter Rock Project was designed to test
the localised consistency of clay type, thickness and grades at the Centre and Prop Prospect
areas (refer Figure 1 and 2). A total of 145-holes for 7,435m were drilled at an approximate
average depth of 51m and maximum depth of 104m at a 400m spacing interval.
Assay results covering all 78 holes at the Prop Prospect have now been received.
Importantly, 96% of holes encountered clays with rare earth concentrations >300ppm
TREO, with 61% of holes intercepting rare earth concentrations >1,000ppm TREO.
Grades of up to 4,159 ppm TREO were returned, with extensive clay thickness of up to 56m
with consistency of grade throughout. Phase 3 drilling confirmed clays across a 11km length
at Prop with widths between 4 to 5km (refer Figure 2). High value MREO represent an average
of ~21% of TREO grade.
Drill results strongly correlate with interpreted data from AEM, validating geological modelling
and exploration program design.
Geological drill assays at Splinter Rock were performed utilising the ALS 4-acid soluble
digestion method as opposed to the ALS Lithium Borate Fusion Digest method. Typically,
the Fusion Digest method returns results for resistate (refractory) non-acid soluble REE
minerals, thus inflating the overall TREO grade.
Previous work conducted by OD6 showed that utilising the fusion digest assay technique can
increase head grade by up to 30% over a 4-acid leach assay. This extra grade however is highly
unlikely to be recoverable in the proposed processing flowsheet.
The Phase 3 drill program received funding through the Western Australian Governments
Exploration Incentive Scheme Co-funded drilling program (refer ASX Announcement, 24 April
2023).
2
Figure 1: Splinter Rock Project completed drilling locations.
Real and
Substantial
Potential for
Resource
Expansion
The current Splinter Rock Maiden Inferred Mineral Resource Estimate stands at 344Mt @
1,308ppm TREO at 1,000ppm cut-off grade @ 22.8% MREO.
The Prop Prospect represents 33Mt @ 1,180ppm TREO at 1,000ppm cut-off grade @ 20.7%
MREO of the Splinter Rock MRE.
The black outline on Figure 2 represents the current extent of the Mineral Resource Estimate
(MRE) at the Prop Prospect (refer ASX Announcement, 18 July 2023, OD6 confirms that it is
not aware of any new information or data that materially affects the information included in
those releases. All material assumptions and technical parameters underpinning those
releases continues to apply and has not materially changed). This area takes in only 2.6km2
of the 58km2 total Prospect. Phase 3 drilling expanded into the broader area with new high
grade drill lines demonstrating a real and substantial potential for resource expansion.
3
Figure 2: Splinter Rock Project, Prop Prospect Drilling Results. Showing max down hole assay, overlaid on the AEM Mid time
electromagnetic conductivity model. Orange and red areas are interpreted to indicate thicker clay zones, with blue, green and yellow
areas the granites. Refer to ASX Announcement, 15 December 2022).
Splinter Rock
clay hosted
REE
mineralisation
Splinter Rock clay hosted REE mineralisation is currently thought to be a mobilised weathering
product of the REE enriched Booanya granite suite, which underlies the Project area. OD6 has
identified four prospect areas from drilling and geophysics that contribute to the Mineral
Resource Estimate, of which Prop is one of these prospects.
The Prop Prospect is located at the lowest elevation and is surrounded by Booanya Granites
to the north and south and is interpreted to be a glacial paleo-valley filled with clay. The
prospect area has been formed from OD6’s digital elevation model, recent mid-time AEM
preliminary imagery and CSIRO modelled historic AEM combined with the results of existing
drilling. Drilling indicates that REEs occur in thick clay areas that vary between 10m to 80m
with TREO assay intercepts up to 4,159ppm. Variable transported cover and upper saprolitic
clays occur to approximately 3m to 24m thickness above the rare earth clay hosts. The target
area covers 58km2 and extends approximately 11km along axis and up to 5km wide. Initial
Metallurgical acid leach tests achieved 44% to 96% recovery of MREE (average 71%).
4
75 drill holes
encountered
Table 1. Rare Earth Oxides Significant Intercepts >1,000ppm cut-off
grade TREO (ordered by TREO grade)
clay hosted
rare earths
Hole ID
From
(m)
To
(m)
Interval
(m)
TREO
(ppm)
% Mag REO
(% of TREO)
% HREO
(% of TREO)
% CREO
(% of TREO)
SRAC0402
SRAC0466
SRAC0426
SRAC0420
SRAC0377
SRAC0411
SRAC0429
SRAC0467
SRAC0426
SRAC0394
SRAC0406
SRAC0432
SRAC0404
SRAC0411
SRAC0397
SRAC0404
SRAC0386
SRAC0417
SRAC0431
SRAC0412
SRAC0368
SRAC0464
SRAC0387
SRAC0371
SRAC0428
SRAC0400
SRAC0361
SRAC0422
SRAC0403
SRAC0399
SRAC0410
SRAC0407
SRAC0467
SRAC0401
SRAC0425
SRAC0408
SRAC0433
SRAC0405
SRAC0385
18
57
3
36
39
48
21
57
57
42
24
27
12
39
54
42
21
27
24
27
30
45
24
21
36
36
30
99
57
33
39
18
66
51
45
15
21
36
24
21
62
6
39
61
51
24
60
64
48
54
41
24
42
60
45
27
30
27
34
36
54
27
27
51
39
39
104
66
36
66
21
78
72
57
40
27
39
33
3
5
3
3
22
3
3
3
7
6
30
14
12
3
6
3
6
3
3
7
6
9
3
6
15
3
9
5
9
3
27
3
12
21
12
25
6
3
9
2778
2046
1958
1946
1868
1786
1711
1690
1676
1657
1646
1628
1607
1514
1501
1482
1460
1454
1450
1435
1424
1421
1398
1397
1378
1377
1352
1350
1345
1323
1322
1297
1292
1262
1262
1257
1252
1232
1220
24.3
28.2
17.7
20.6
21.9
26.3
19.7
18.7
24.9
27.6
24.0
23.8
24.5
30.1
13.3
24.6
23.5
20.9
25.8
20.5
22.3
26.9
22.5
21.9
25.6
26.0
24.4
40.8
20.2
23.1
22.8
27.9
21.3
23.1
22.7
21.9
18.8
21.9
19.4
11.1
6.8
8.9
11.9
7.9
10.5
10.5
4.4
7.2
12.5
7.9
11.9
10.2
20.1
3.5
9.2
5.4
14.0
16.0
3.9
5.5
12.0
4.4
11.4
7.6
9.1
8.4
13.8
13.2
10.0
14.2
8.2
3.5
9.5
10.5
5.2
5.2
6.9
6.0
25.5
26.1
19.3
23.8
21.9
26.7
22.1
17.0
23.8
28.3
23.6
26.3
25.5
36.2
12.6
24.6
21.1
25.4
31.5
17.5
20.8
28.9
19.2
23.9
23.8
25.5
23.6
41.1
24.9
24.3
26.4
27.0
18.4
22.7
23.9
19.7
17.5
20.9
18.0
5
SRAC0400
SRAC0369
SRAC0371
SRAC0465
SRAC0403
SRAC0404
SRAC0363
SRAC0398
SRAC0425
SRAC0371
SRAC0392
SRAC0364
SRAC0394
SRAC0416
SRAC0372
SRAC0378
SRAC0417
SRAC0397
SRAC0401
SRAC0409
SRAC0369
SRAC0417
SRAC0409
SRAC0375
SRAC0427
SRAC0362
48
42
48
27
42
54
27
24
66
36
51
15
78
15
15
51
78
24
39
24
48
84
0
57
45
27
60
45
51
33
48
57
30
45
82
42
57
18
80
18
21
54
81
33
42
27
51
87
3
60
48
30
12
3
3
6
6
3
3
21
16
6
6
3
2
3
6
3
3
9
3
3
3
3
3
3
3
3
1216
1197
1192
1187
1177
1176
1176
1176
1169
1165
1117
1114
1112
1111
1105
1082
1078
1076
1075
1066
1055
1052
1041
1030
1022
1005
22.4
23.9
23.6
25.9
26.5
24.9
21.0
21.9
23.3
20.3
11.4
23.4
23.9
25.5
27.3
21.1
24.3
21.4
23.4
23.9
28.8
24.4
24.1
23.3
17.0
22.8
10.4
8.9
16.2
9.5
13.7
9.8
11.5
10.0
8.3
10.8
11.4
11.0
7.1
7.4
36.8
4.4
13.0
8.9
8.9
11.6
10.9
13.5
13.4
11.2
4.6
6.3
24.2
23.7
27.7
25.7
29.9
25.5
23.3
23.5
22.9
22.1
16.0
24.4
22.2
24.2
48.6
18.7
27.8
22.0
23.2
25.8
28.7
28.1
26.9
24.9
15.6
21.0
Table 2. Rare Earth Oxides Significant Intercepts >300ppm cut-off grade
TREO (ordered by TREO grade)
Hole ID
From
(m)
To
(m)
Interval
(m)
TREO
(ppm)
% Mag REO
(% of TREO)
% HREO
(% of TREO)
% CREO
(% of TREO)
SRAC0426
SRAC0402
SRAC0412
SRAC0432
SRAC0404
SRAC0377
SRAC0406
SRAC0416
SRAC0433
SRAC0409
SRAC0410
57
15
27
24
9
21
0
15
12
0
15
64
21
34
41
24
61
56
18
27
3
66
7
6
7
17
15
40
56
3
15
3
51
1676
1558
1435
1409
1355
1308
1111
1111
1044
1041
990
24.9
21.5
20.5
23.3
24.2
21.9
23.4
25.5
24.8
24.1
22.4
7.2
11.2
3.9
11.8
10.1
8.2
7.9
7.4
8.0
13.4
13.3
23.8
25.1
17.5
26.1
25.4
22.0
23.4
24.2
23.4
26.9
25.5
6
SRAC0426
SRAC0397
SRAC0408
SRAC0428
SRAC0394
SRAC0464
SRAC0417
SRAC0429
SRAC0425
SRAC0371
SRAC0399
SRAC0398
SRAC0411
SRAC0467
SRAC0431
SRAC0401
SRAC0378
SRAC0404
SRAC0403
SRAC0400
SRAC0386
SRAC0361
SRAC0375
SRAC0378
SRAC0424
SRAC0364
SRAC0385
SRAC0420
SRAC0422
SRAC0465
SRAC0392
SRAC0368
SRAC0372
SRAC0422
SRAC0370
SRAC0369
SRAC0415
SRAC0417
SRAC0365
SRAC0362
SRAC0364
SRAC0421
SRAC0466
SRAC0397
0
51
3
27
75
39
69
18
24
15
18
9
30
54
24
33
0
36
18
18
0
15
48
24
66
54
9
33
18
0
24
15
12
78
12
36
21
24
15
24
15
36
15
15
9
68
40
54
80
60
93
27
82
56
37
54
60
103
42
81
3
60
68
63
27
49
60
67
89
61
40
73
21
39
57
54
53
104
24
71
33
60
24
41
30
60
62
45
9
17
37
27
5
21
24
9
58
41
19
45
30
49
18
48
3
24
50
45
27
34
12
43
23
7
31
40
3
39
33
39
41
26
12
35
12
36
9
17
15
24
47
30
970
966
964
959
956
940
937
931
913
911
910
880
870
856
850
842
841
801
782
744
734
711
706
704
698
698
696
686
681
680
675
674
671
661
656
656
651
647
647
644
640
638
638
633
19.5
18.6
21.9
23.3
21.6
22.6
23.6
20.1
23.0
21.6
21.6
21.6
25.5
22.2
24.1
24.1
20.8
23.6
22.5
23.1
25.8
21.0
13.8
20.3
22.9
22.6
20.7
22.0
5.1
24.3
18.5
21.6
25.7
18.4
23.6
24.6
21.4
22.5
20.1
23.4
25.7
23.1
19.2
22.3
9.1
6.1
5.7
7.6
6.3
11.7
12.8
9.9
9.3
13.1
15.4
10.1
13.8
5.5
10.4
11.4
12.3
10.3
14.9
10.8
10.6
10.7
8.7
7.0
15.1
21.3
8.5
10.7
5.2
9.3
11.4
7.2
19.1
8.8
9.7
12.5
6.0
10.2
7.5
10.3
8.8
9.6
6.0
9.5
20.1
17.4
20.0
23.1
20.3
26.7
27.0
21.8
23.4
24.6
26.8
23.4
29.2
20.0
26.0
25.0
24.3
25.0
27.2
24.7
26.6
23.9
17.7
19.7
27.7
32.3
20.7
23.8
7.4
24.5
20.6
21.5
33.9
25.0
24.2
27.1
19.3
23.7
19.5
24.0
23.9
24.1
19.8
22.7
7
SRAC0394
SRAC0363
SRAC0419
SRAC0387
SRAC0374
SRAC0407
SRAC0427
SRAC0369
SRAC0382
SRAC0417
SRAC0405
SRAC0418
SRAC0430
SRAC0396
SRAC0409
SRAC0392
SRAC0426
SRAC0393
SRAC0363
SRAC0382
SRAC0414
SRAC0384
SRAC0380
SRAC0384
SRAC0422
SRAC0381
SRAC0413
SRAC0429
SRAC0421
SRAC0391
SRAC0412
SRAC0375
SRAC0427
SRAC0395
SRAC0389
SRAC0423
SRAC0430
SRAC0373
SRAC0379
SRAC0418
SRAC0391
SRAC0393
SRAC0388
SRAC0393
24
21
36
15
12
9
21
21
6
3
15
27
15
15
12
3
24
48
42
21
0
27
30
15
30
36
15
0
0
30
6
18
72
21
30
0
3
24
21
3
0
3
0
27
66
33
74
27
17
27
63
30
9
6
57
68
23
27
34
6
36
53
65
24
3
40
37
21
51
40
35
6
3
58
15
33
81
33
32
23
6
42
42
6
3
6
6
39
42
12
38
12
5
18
42
9
3
3
42
41
8
12
22
3
12
5
23
3
3
13
7
6
21
4
20
6
3
28
9
15
9
12
2
23
3
18
21
3
3
3
6
12
619
613
605
598
597
595
573
567
566
550
544
538
538
532
531
519
517
515
500
498
490
488
487
486
473
466
464
464
462
459
451
447
441
437
433
433
424
423
422
419
414
414
406
396
23.3
15.5
22.2
25.6
21.2
25.4
21.8
22.6
20.8
24.2
21.9
21.0
19.5
19.3
21.6
28.5
23.4
22.1
20.1
22.1
20.0
22.3
18.8
24.0
19.6
22.7
22.5
24.7
26.8
21.3
22.3
22.1
24.1
21.4
33.9
27.7
23.5
24.1
22.0
19.5
26.1
23.6
21.3
22.1
10.8
10.0
11.8
5.7
9.4
9.2
10.5
10.8
10.5
7.5
8.8
9.7
5.6
8.3
14.8
12.6
8.9
11.8
8.9
11.6
11.7
13.3
24.5
13.4
8.3
43.5
10.9
14.2
15.9
14.5
14.0
12.5
30.3
8.6
6.1
10.0
16.3
10.4
10.3
8.2
18.4
13.3
12.6
9.7
25.3
19.0
24.3
21.4
22.2
26.1
23.3
24.1
22.0
23.0
22.3
22.3
18.3
20.0
26.7
29.5
23.5
24.0
20.1
23.8
23.0
26.4
31.1
26.9
19.8
46.5
24.5
28.2
31.8
25.6
25.9
24.3
38.4
21.2
28.9
27.4
28.7
25.2
22.9
19.6
32.8
26.8
24.5
22.6
8
SRAC0362
SRAC0376
SRAC0363
SRAC0424
SRAC0379
SRAC0404
SRAC0364
SRAC0373
SRAC0387
SRAC0405
SRAC0404
SRAC0407
SRAC0390
SRAC0394
SRAC0390
SRAC0467
SRAC0379
SRAC0380
SRAC0402
SRAC0464
SRAC0414
SRAC0416
SRAC0399
SRAC0375
SRAC0369
SRAC0360
SRAC0373
12
21
12
21
48
66
45
0
0
0
0
0
3
3
27
18
0
9
0
15
21
0
0
39
0
0
57
18
30
15
30
53
69
48
6
3
3
3
3
6
6
36
33
3
12
3
21
24
3
3
42
3
3
59
6
9
3
9
5
3
3
6
3
3
3
3
3
3
9
15
3
3
3
6
3
3
3
3
3
3
2
392
383
377
375
374
370
370
368
368
367
367
365
364
363
362
354
350
349
347
345
344
339
337
324
320
306
306
24.5
22.1
20.1
23.0
23.3
21.2
11.3
26.4
22.3
23.3
23.6
25.4
23.3
25.6
22.1
19.3
26.1
9.5
20.4
20.2
22.5
25.2
25.1
13.3
21.6
26.5
20.6
9.5
9.1
5.9
8.6
8.3
12.5
7.5
19.8
13.5
15.4
16.6
20.9
9.9
16.9
9.4
8.6
18.0
5.1
20.5
10.0
10.1
19.3
14.6
5.2
14.0
21.3
11.2
24.4
22.2
18.5
23.1
22.3
24.4
13.7
33.6
26.0
28.3
28.8
33.8
23.9
30.7
22.1
19.8
31.9
10.3
29.8
21.5
23.1
32.4
28.3
13.1
26.1
35.1
23.5
Note:
TREO (Total Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7
+ Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3
Mag REO (Magnet Rare Earth Oxide) = Nd2O3 + Pr6O11 + Tb4O7 + Dy2O3
HREO (Heavy Rare Earth Oxide) = Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 +
Lu2O3 + Y2O3
CREO (Critical Rare Earth Oxide) = Nd2O3 + Eu2O3 + Tb4O7 + Dy2O3 + Y2O3
% Mag REO = (Mag REO / TREO) *100
% Heavy REO = (Heavy REO / TREO) *100
% Critical REO = (Critical REO / TREO) *100
Program
•
Centre Prospect drill assays are expected to be received during September and October
2023.
timeline
•
Metallurgical testing and mineralogy assessments at ANSTO expected to be received
during October 2023.
•
A review and potential upgrade of the Mineral Resource Estimate is expected during Q4
2023.
9
Competent Persons Statement
Information in this report relating to Exploration Results is based on information reviewed by Jeremy Peters, who is a Fellow
of the Australasian Institute of Mining and Metallurgy and a Chartered Professional Geologist and Mining Engineer of that
organisation. Mr Peters is an independent consultant of Burnt Shirt Pty Ltd 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. Mr Peters 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.
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 ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’,
‘estimate’, ‘may’, ‘should’, ‘will’ 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).
This announcement has been authorised for release by the Board of OD6 Metals Limited
10
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 REEs, 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
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
11
Table 3. Rare Earth Oxides “REO”: all significant intercepts >300ppm TREO with
“Incl.” indicating zones >1,000ppm TREO
Hole ID
From (m)
To
(m)
Interval
(m)
TREO
(ppm)
HREO
(ppm)
CREO
(ppm)
Mag
REO
(ppm)
Nd+Pr
REO (ppm)
Sc2O3
(ppm)
300
300
Inc.
300
300
Inc.
300
300
Inc.
300
300
Inc.
300
300
300
300
Inc.
300
300
300
Inc.
Inc.
300
300
Inc.
Inc.
Inc.
300
Inc.
300
300
300
300
300
300
300
Inc.
300
300
Inc.
SRAC0360
SRAC0361
SRAC0361
SRAC0362
SRAC0362
SRAC0362
SRAC0363
SRAC0363
SRAC0363
SRAC0363
SRAC0364
SRAC0364
SRAC0364
SRAC0364
SRAC0365
SRAC0368
SRAC0368
SRAC0369
SRAC0369
SRAC0369
SRAC0369
SRAC0369
SRAC0370
SRAC0371
SRAC0371
SRAC0371
SRAC0371
SRAC0372
SRAC0372
SRAC0373
SRAC0373
SRAC0373
SRAC0374
SRAC0375
SRAC0375
SRAC0375
SRAC0375
SRAC0376
SRAC0377
SRAC0377
0
15
30
12
24
27
12
21
27
42
15
15
45
54
15
15
30
0
21
36
42
48
12
15
21
36
48
12
15
0
24
57
12
18
39
48
57
21
21
39
3
49
39
18
41
30
15
33
30
65
30
18
48
61
24
54
36
3
30
71
45
51
24
56
27
42
51
53
21
6
42
59
17
33
42
60
60
30
61
61
3
34
9
6
17
3
3
12
3
23
15
3
3
7
9
39
6
3
9
35
3
3
12
41
6
6
3
41
6
6
18
2
5
15
3
12
3
9
40
22
306
711
1352
392
644
1005
377
613
1176
500
640
1114
370
698
647
674
1424
320
567
656
1197
1055
656
911
1397
1165
1192
671
1105
368
423
306
597
447
324
706
1030
383
1308
1868
65.1
76.5
113.8
37.1
66.5
63.7
22.2
61.6
135.1
44.6
56.4
122.0
27.8
148.8
48.4
48.6
79.0
44.9
61.1
81.8
106.0
115.2
63.8
119.3
159.5
125.5
192.9
128.1
407.3
73.0
44.1
34.2
56.3
55.8
16.8
61.5
115.6
35.0
107.8
148.5
107.5
169.8
319.2
95.8
154.9
211.0
69.8
116.6
274.1
100.4
152.9
271.6
50.8
225.5
125.9
144.7
296.9
83.5
136.9
177.8
283.5
302.5
158.9
223.9
334.0
257.5
329.9
227.6
537.7
123.8
106.5
71.9
132.5
108.7
42.6
125.3
256.3
84.8
288.3
409.7
80.9
156.8
322.9
96.0
147.8
229.3
75.9
101.5
247.3
96.6
159.2
260.0
41.9
158.7
128.8
151.0
331.5
69.2
126.3
164.2
285.6
303.9
155.3
196.7
306.1
237.8
280.9
174.5
301.8
97.1
102.4
62.9
130.8
98.6
43.1
111.3
240.5
84.6
287.9
411.4
73.2
146.3
305.3
90.9
138.6
219.0
72.9
94.6
230.7
91.7
150.1
242.4
38.0
141.6
120.9
144.5
320.4
63.7
119.0
153.1
269.2
286.2
145.2
180.9
282.3
220.4
256.7
161.4
266.7
88.9
96.3
58.9
122.7
90.7
41.0
104.1
225.6
79.2
273.5
392.0
12
Hole ID
From (m)
To
(m)
Interval
(m)
TREO
(ppm)
HREO
(ppm)
CREO
(ppm)
Mag
REO
(ppm)
Nd+Pr
REO (ppm)
Sc2O3
(ppm)
300
300
Inc.
300
300
300
300
300
300
300
300
300
300
300
Inc.
300
Inc.
300
300
Inc.
300
300
300
300
300
300
300
300
Inc.
300
300
300
300
300
Inc.
300
Inc.
300
300
300
Inc.
300
Inc.
SRAC0378
SRAC0378
SRAC0378
SRAC0379
SRAC0379
SRAC0379
SRAC0380
SRAC0380
SRAC0381
SRAC0382
SRAC0382
SRAC0384
SRAC0384
SRAC0385
SRAC0385
SRAC0386
SRAC0386
SRAC0387
SRAC0387
SRAC0387
SRAC0388
SRAC0389
SRAC0390
SRAC0390
SRAC0391
SRAC0391
SRAC0392
SRAC0392
SRAC0392
SRAC0393
SRAC0393
SRAC0393
SRAC0394
SRAC0394
SRAC0394
SRAC0394
SRAC0394
SRAC0395
SRAC0396
SRAC0397
SRAC0397
SRAC0397
SRAC0397
0
24
51
0
21
48
9
30
36
6
21
15
27
9
24
0
21
0
15
24
0
30
3
27
0
30
3
24
51
3
27
48
3
24
42
75
78
21
15
15
24
51
54
3
67
54
3
42
53
12
37
40
9
24
21
40
40
33
27
27
3
27
27
6
32
6
36
3
58
6
57
57
6
39
53
6
66
48
80
80
33
27
45
33
68
60
3
43
3
3
21
5
3
7
4
3
3
6
13
31
9
27
6
3
12
3
6
2
3
9
3
28
3
33
6
3
12
5
3
42
6
5
2
12
12
30
9
17
6
841
704
1082
350
422
374
349
487
466
566
498
486
488
696
1220
734
1460
368
598
1398
406
433
364
362
414
459
519
675
1117
414
396
515
363
619
1657
956
1112
437
532
633
1076
966
1501
103.7
49.6
47.1
62.9
43.5
31.1
17.8
119.2
202.9
59.6
58.0
65.1
64.8
59.0
73.0
77.8
78.2
49.5
34.2
60.9
51.3
26.5
36.1
34.0
76.1
66.4
65.5
77.2
126.8
55.1
38.3
60.6
61.2
67.0
207.0
60.6
78.5
37.6
44.3
59.9
95.6
58.8
52.2
203.9
138.9
202.2
111.4
96.6
83.6
35.9
151.3
216.5
124.7
118.8
130.6
128.9
144.1
219.9
195.0
308.3
95.5
128.0
268.8
99.7
125.5
87.2
80.1
135.8
117.3
153.4
139.1
178.6
110.8
89.2
123.7
111.5
156.8
468.5
194.1
246.8
92.5
106.3
143.9
237.2
168.2
189.6
175.1
142.8
228.2
91.4
92.9
87.3
33.2
96.8
105.7
118.0
109.9
116.6
112.7
142.2
236.8
190.2
342.5
82.0
144.6
314.4
86.3
146.7
84.9
79.8
107.9
97.4
148.1
114.8
123.4
97.9
87.5
113.5
93.0
150.9
443.4
209.2
266.1
93.4
104.3
139.5
230.5
167.8
204.6
164.0
136.3
222.0
83.6
86.3
82.0
30.7
82.9
83.4
109.4
101.0
108.3
104.7
133.2
224.8
177.6
327.6
75.9
138.9
304.2
79.5
143.1
79.8
74.6
99.3
88.9
139.3
105.6
108.6
90.5
81.9
105.1
85.2
141.1
413.1
199.6
253.7
87.9
98.0
131.5
217.8
161.3
198.0
13
Hole ID
From (m)
To
(m)
Interval
(m)
TREO
(ppm)
HREO
(ppm)
CREO
(ppm)
Mag
REO
(ppm)
Nd+Pr
REO (ppm)
Sc2O3
(ppm)
300
Inc.
300
300
Inc.
300
Inc.
Inc.
300
Inc.
Inc.
300
300
Inc.
300
Inc.
Inc.
300
300
Inc.
300
Inc.
Inc.
300
300
300
Inc.
300
Inc.
300
300
Inc.
300
Inc.
300
300
Inc.
300
Inc.
300
Inc.
Inc.
300
SRAC0398
SRAC0398
SRAC0399
SRAC0399
SRAC0399
SRAC0400
SRAC0400
SRAC0400
SRAC0401
SRAC0401
SRAC0401
SRAC0402
SRAC0402
SRAC0402
SRAC0403
SRAC0403
SRAC0403
SRAC0404
SRAC0404
SRAC0404
SRAC0404
SRAC0404
SRAC0404
SRAC0404
SRAC0405
SRAC0405
SRAC0405
SRAC0406
SRAC0406
SRAC0407
SRAC0407
SRAC0407
SRAC0408
SRAC0408
SRAC0409
SRAC0409
SRAC0409
SRAC0410
SRAC0410
SRAC0411
SRAC0411
SRAC0411
SRAC0412
9
24
0
18
33
18
36
48
33
39
51
0
15
18
18
42
57
0
9
12
36
42
54
66
0
15
36
0
24
0
9
18
3
15
0
12
24
15
39
30
39
48
6
54
45
3
37
36
63
39
60
81
42
72
3
21
21
68
48
66
3
24
24
60
45
57
69
3
57
39
56
54
3
27
21
40
40
3
34
27
66
66
60
42
51
15
45
21
3
19
3
45
3
12
48
3
21
3
6
3
50
6
9
3
15
12
24
3
3
3
3
42
3
56
30
3
18
3
37
25
3
22
3
51
27
30
3
3
9
880
1176
337
910
1323
744
1377
1216
842
1075
1262
347
1558
2778
782
1177
1345
367
1355
1607
801
1482
1176
370
367
544
1232
1111
1646
365
595
1297
964
1257
1041
531
1066
990
1322
870
1514
1786
451
88.9
117.9
49.2
140.1
132.3
80.5
125.7
126.1
96.0
95.2
119.4
71.2
174.7
309.5
116.5
161.4
177.3
60.8
137.2
163.2
82.4
136.9
114.8
46.3
56.4
47.7
85.1
88.2
130.1
76.3
54.4
105.9
54.5
65.7
139.1
78.4
124.0
132.1
187.5
120.2
304.7
187.2
63.0
205.9
276.5
95.5
243.8
321.7
183.4
351.8
294.2
210.8
249.0
286.6
103.5
391.7
709.1
212.8
352.1
334.6
105.6
343.8
409.8
200.7
365.3
299.9
90.5
103.8
121.0
257.8
259.9
389.0
123.4
154.9
350.3
192.5
247.3
279.6
142.1
274.9
252.8
349.1
254.3
548.6
477.2
116.7
191.6
258.0
84.6
197.5
305.3
172.6
358.6
272.6
196.9
251.7
279.3
70.8
368.8
674.0
174.1
313.4
272.2
86.6
331.7
395.0
193.1
364.0
292.6
78.3
85.4
121.1
269.6
265.3
397.7
92.6
155.6
361.9
210.9
274.5
250.5
117.2
254.6
223.6
301.5
230.6
455.1
469.1
99.7
180.2
242.7
77.3
180.6
288.3
162.0
340.2
257.9
182.5
236.1
260.4
63.1
344.5
630.0
159.0
291.9
252.4
78.3
314.2
374.4
181.9
342.9
277.4
72.7
78.6
114.3
258.4
253.6
380.5
83.9
148.4
347.4
202.8
264.7
230.0
107.7
237.9
203.3
273.3
213.3
410.7
441.5
91.7
14
Hole ID
From (m)
To
(m)
Interval
(m)
TREO
(ppm)
HREO
(ppm)
CREO
(ppm)
Mag
REO
(ppm)
Nd+Pr
REO (ppm)
Sc2O3
(ppm)
300
Inc.
300
300
300
300
300
300
Inc.
300
300
Inc.
300
Inc.
Inc.
300
300
300
300
Inc.
300
300
300
300
300
Inc.
300
300
300
300
Inc.
1000
300
Inc.
300
300
Inc.
300
Inc.
300
300
Inc.
300
SRAC0412
SRAC0412
SRAC0413
SRAC0414
SRAC0414
SRAC0415
SRAC0416
SRAC0416
SRAC0416
SRAC0417
SRAC0417
SRAC0417
SRAC0417
SRAC0417
SRAC0417
SRAC0418
SRAC0418
SRAC0419
SRAC0420
SRAC0420
SRAC0421
SRAC0421
SRAC0422
SRAC0422
SRAC0422
SRAC0422
SRAC0423
SRAC0424
SRAC0424
SRAC0425
SRAC0425
SRAC0425
SRAC0426
SRAC0426
SRAC0426
SRAC0426
SRAC0426
SRAC0427
SRAC0427
SRAC0427
SRAC0428
SRAC0428
SRAC0429
27
27
15
0
21
21
0
15
15
3
24
27
69
78
84
3
27
36
33
36
0
36
18
30
78
99
0
21
66
24
45
66
0
3
24
57
57
21
45
72
27
36
0
34
34
35
3
24
33
3
18
18
6
60
30
93
81
87
6
68
74
73
39
3
60
21
51
104
104
23
30
89
82
57
82
9
6
36
64
64
63
48
81
54
51
6
7
7
20
3
3
12
3
3
3
3
36
3
24
3
3
3
41
38
40
3
3
24
3
21
26
5
23
9
23
58
12
16
9
3
12
7
7
42
3
9
27
15
6
1435
1435
464
490
344
651
339
1111
1111
550
647
1454
937
1078
1052
419
538
605
686
1946
462
638
681
473
661
1350
433
375
698
913
1262
1169
970
1958
517
1676
1676
573
1022
441
959
1378
464
56.3
56.3
50.6
57.3
34.8
39.1
65.5
82.7
82.7
41.0
66.0
203.7
119.7
139.9
142.1
34.5
52.2
71.4
73.4
231.1
73.7
61.6
35.1
39.4
58.2
186.3
43.4
32.2
105.5
85.2
131.9
96.7
88.6
173.4
46.0
121.0
121.0
60.2
47.0
133.3
72.9
105.0
65.7
251.5
251.5
113.6
112.6
79.6
125.7
109.6
269.2
269.2
126.3
153.6
368.6
252.7
300.0
295.1
82.0
120.0
147.1
163.2
463.9
146.8
153.7
50.2
93.6
165.3
554.8
118.5
86.8
193.1
214.1
301.8
267.4
194.6
377.0
121.5
399.6
399.6
133.4
159.1
169.4
221.4
327.8
130.8
295.6
295.6
105.5
98.1
77.6
137.0
85.3
283.0
283.0
132.8
144.2
303.6
221.6
262.0
256.5
81.6
113.2
135.1
150.8
400.2
123.6
148.2
34.9
91.9
165.2
558.4
119.8
87.0
159.5
210.9
285.4
272.0
180.7
345.9
121.0
415.3
415.3
124
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