SPECTACULAR GRADE & WIDTHS CONTINUES AT HORSESHOE
Released
Released
Announcement PDF
ASX Announcement
8 July 2026
ASX: OD6
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SPECTACULAR GRADE & WIDTHS CONTINUES AT HORSESHOE
50M @ 63.9% CaF2 AT SURFACE
Results confirm a substantially larger, high-grade fluorspar system
Highlights
• Exceptional high-grade channel sampling results confirm broad zones of continuous high-grade
fluorspar mineralisation from surface at Horseshoe
• Results demonstrate exceptional scale and continuity of the mineralised system, supporting
potential for a large, near-surface high-grade fluorspar deposit
• Standout results, including the thickest mineralised interval to date, from expanded in-pit channel
sampling:
o SE Wall: 50m @ 63.9% CaF2
o North Pit: 27m @ 54.4% CaF2
o NW Wall combined 22m @ 70.7% CaF2 including:
▪ 9m @ 74.9% CaF2
▪ 8m @ 71.2% CaF2
▪ 5m @ 62.4% CaF2
o Central Bench: 15m @ 75.8% CaF2
• Channel Sampling confirms mineralised widths of 60m with previous reported drilling and open pit
exposure indicating a tabular zone 15 to 30m thick
• Mineralisation remains open up-dip beneath the silicified cap and down-dip beneath talus cover,
highlighting significant expansion potential
• Outstanding consistency demonstrated across all 118 channel samples averaging 64.4% CaF2, with
84% of samples grading above 50% CaF2 at an average of 70.7% CaF2
Managing Director Brett Hazelden, commented:
"These channel sampling results represent another outstanding outcome for OD6 and further validate the scale,
exceptional grade, width and geological potential of the Horseshoe deposit within the Quinn Fluorspar Project.
Standout results including 22m @ 70.7% CaF2 in the NW Wall, and 50m @ 63.9% CaF2 in the SE Wall demonstrate
both the scale and consistency of high-grade fluorspar mineralisation across significant widths from surface.
Remarkably, the average of all 118 channel samples returned 64% CaF2, with over 80% of channels grading above
50% CaF2 at an average of 70.7% CaF2.
Horseshoe is NOT a typical narrow vein Nevada fluorspar vein, but a large high-grade replacement zone lending
itself to modern open pit mining techniques.
The combination of near-surface mineralisation, exceptional grades and significant widths provides OD6 with the
opportunity to evaluate potential early-stage development pathways, including the production of Metspar
products, while advancing metallurgical programs targeting premium Acidspar specifications.
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This staged development approach has the potential to provide a lower complexity pathway into production,
leveraging the naturally high-grade nature of the Horseshoe mineralisation and growing demand for secure
domestic fluorspar supply in the United States.
With mineralisation remaining open both up-dip and down-dip, we believe Horseshoe continues to develop into
a strategically important fluorspar opportunity at a time when the United States remains fully reliant on imported
supply of this critical mineral.”
Figure 1 Horseshoe channel sample results on background geology, (geology modified after Evans, 1975)
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OD6 Metals Limited (ASX: OD6, “OD6” or “the Company”) is pleased to announce the assay
results from expanded channel sampling completed at the Horseshoe Prospect, part of the
Company’s exciting Quinn Fluorspar Project in Nevada, USA
About Quinn Fluorspar Project
On 9 June 2026 the Company announced the exercise of the option agreement to acquire the Quinn Fluorspar
Project (which remains subject to shareholder approval at the General Meeting on 20 July 2026), located
approximately 220km north of Las Vegas, Nevada. The project offers very high-grade fluorspar mineralisation
(>40% CaF2) identified at the Mammoth and Horseshoe Projects in replacement / breccia style
mineralisation mapped out over large 9,000m2
and 3,000m2
areas respectively. In addition, a number of other
fluorspar occurrences are noted in the wider project area with reported historic rock chip results up to 98.6% CaF2
(refer announcement 12 May 2026). Preliminary work by the Company has revealed Mammoth, Horseshoe and
Big Jim to be very high grade and potentially significant deposits of fluorspar (refer presentation 20 May 2026 for
summary and therein, a list of material announcements).
The United States is currently 100% reliant on imports of fluorspar highlighting the strategic importance of
domestic supply. Fluorspar is listed on the US Critical Minerals list with applications in battery technologies, AI
chip manufacture, nuclear fuels industry, aerospace and defence technologies. The project is located ~300km by
road from the US Strategic Minerals Reserve at Hawthorne, Nevada (refer to previous Company announcements)
Channel Sampling
Channel sampling is a systematic method in which samples are collected using a hammer drilling and the
excavated material is collected as a series of contiguous samples over set intervals. Because each sample
represents a fixed width, the technique delivers a representative measure of grade across the sampled interval,
and — where the channel is oriented as close as practicable to perpendicular to the strike of mineralisation. It is a
well-established approach for characterising exposed mineralisation in pit walls, trenches and outcrop. Collapse
areas of pit wall, with no observed or safely reachable exposed rock were not sampled.
Significance of these results
These results are an outstanding outcome for the Horseshoe deposit, confirming broad zones of exceptionally
high-grade fluorspar at surface. Standout channel intervals of 22m at 70.7% CaF2 in the north-west wall, 15m at
75.8% CaF2 on the central bench, 50m at 63.9% CaF2 in the south-east/back wall and 27m at 54.4% CaF2 in
the north pit — including individual samples grading up to 74.9% CaF2 — demonstrate both the very high tenor
and the impressive width and continuity of mineralisation across the historic pit. Grades of this magnitude sit well
above the 40% CaF2 threshold that defines high-grade fluorspar and confirm the potential for Horseshoe to
deliver premium, high-value product.
Critically, these results reinforce Horseshoe as a genuinely significant, near-surface, high-grade fluorspar
opportunity in Nevada — one of the world's premier mining jurisdictions. With the United States currently 100%
reliant on imported fluorspar and the mineral firmly established on the US Critical Minerals list, the scale and
quality of mineralisation emerging at Horseshoe position the Quinn Fluorspar Project to play a meaningful role in
securing domestic supply. The Company is highly encouraged by these results and views Horseshoe as developing
into an outstanding opportunity, with clear momentum to advance the project through the next phases of work.
Initial development concepts will evaluate a staged approach targeting early Metspar production opportunities,
with subsequent beneficiation studies assessing the potential production of higher-value Acidspar products.
4
Figure 2 Prospect map: with fluorine pathfinder indicators in soils over regional geological mapping (refer release 1 July 2026
for details).
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Regional Setting, mineralization styles
The Quinn Fluorspar deposits are part of the Great Basin (Basin and Range) of Nevada. The deposits are hosted in
Paleozoic sediments including the Pogonip Limestone Formation and the Simonson Dolomite. Mesozoic to
Cenozoic (Tertiary) intrusions and volcanism resulted in a significant epithermal event through the district.
Fluorspar (CaF₂) is deposited in epithermal breccias, veins and as replacement deposits parallel to the bedding in
the limestone.
Figure 3 Quinn Fluorspar Project location in Nevada
Next Steps
• Finalise shareholder approval process and completion of the Quinn transaction
• Receive pending assay results
• Complete geological modelling and drill targeting
• Integration into permitting activities
• Lodge bulk sample permit applications
• Commence metallurgical testwork programs
• Prepare maiden drilling program
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References
Evans, D.L.C. (1975). Geology and Indicated Reserves, Quinn Canyon Range Fluorspar. Consultant Report. On File
Nevada Bureau of Mines & Geology
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).
Competent Persons Statement
Information in this report relating to field observations and channel sample 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 Personas 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 Company’s 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 Company’s 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 – Nevada, USA
OD6 is advancing the Quinn Fluorspar Project located in Nevada, USA, one of the world’s 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 – Western Australia
OD6’s 100% owned Splinter Rock Rare Earth Project in Western Australia hosts one of Australia’s 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 – 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 Troy Cavanagh
Mr Joel Ives
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 Quinn Fluorspar Project Horseshoe Results Coordinates in NAD83 Zone 11.
Project SiteID Easting Northing From To CaF2% Comments
CentralBench DH061 615613.0 4220486.6 0 1 66.8 Breccia and Raccoon Tail Fluorspar
CentralBench DH062 615613.8 4220487.6 1 2 76.4 Breccia and Raccoon Tail Fluorspar
CentralBench DH063 615614.3 4220488.3 2 3 80.6 Breccia and Raccoon Tail Fluorspar
CentralBench DH064 615615.0 4220489.6 3 4 81.0 Breccia and Raccoon Tail Fluorspar
CentralBench DH065 615615.2 4220490.5 4 5 70.9 Breccia and Raccoon Tail Fluorspar
CentralBench DH066 615614.7 4220491.6 5 6 82.0 Breccia and Raccoon Tail Fluorspar
CentralBench DH067 615613.7 4220491.6 6 7 79.7 Breccia and Raccoon Tail Fluorspar
CentralBench DH068 615612.3 4220491.6 7 8 76.9 Breccia and Raccoon Tail Fluorspar
CentralBench QC260204 615608.4 4220482.4 0 1 82.0 Fault Zone, breccia slickensides, 78DegSE dip
CentralBench QC260205 615608.9 4220483.3 1 2 70.9 Fault Zone, breccia slickensides, 78DegSE dip
CentralBench QC260206 615609.3 4220484.2 2 3 70.3 Fault Zone, breccia slickensides, 78DegSE dip
CentralBench QC260207 615609.7 4220485.1 3 4 74.2 Fault Zone, breccia slickensides, 78DegSE dip
CentralBench QC260208 615610.1 4220486.0 4 5 73.0 Fault Zone, breccia slickensides, 78DegSE dip
CentralBench QC260209 615610.6 4220486.9 5 6 70.5 Fault Zone, breccia slickensides, 78DegSE dip
CentralBench QC260210 615611.0 4220488.1 7 8 71.1 Fault Zone, breccia slickensides, 78DegSE dip
Central2 DH059 615604.7 4220485.8 0 1 38.8 Breccia beneath Limestone cap
Central2 DH060 615605.8 4220486.7 1 2 71.1 Breccia beneath limestone cap
DipChannel1 QC260202 615609.0 4220475.9 0 1 70.1 Raccoon Tail Fluorspar
DipChannel1 QC260203 615609.0 4220476.1 1 2 79.9 Raccoon Tail Fluorspar
NorthPit DH074 615597.7 4220517.7 0 1 83.8 Raccoon Tail Fluorspar
NorthPit DH075 615598.7 4220518.2 1 2 73.4 Limestone cap
NorthPit DH076 615599.4 4220518.8 2 3 37.0 Limestone cap
NorthPit DH077 615600.6 4220519.4 3 4 63.3 Limestone + Raccoon Tail Fluorspar
NorthPit DH078 615601.2 4220518.8 4 5 22.4 Breccia
NorthPit DH079 615601.7 4220517.8 5 6 16.9 Limestone cap
NorthPit DH080 615601.9 4220516.8 6 7 37.9 Calcite veinsin limestone
NorthPit DH081 615602.7 4220516.0 7 8 75.2 Raccoon Tail Fluorspar
NorthPit DH082 615603.8 4220515.8 8 9 46.0 Raccoon Tail Fluorspar
NorthPit DH083 615605.2 4220516.0 9 10 45.0 Raccoon Tail Fluorspar
NorthPit DH084 615606.1 4220516.6 10 11 56.5 Raccoon Tail Fluorspar
NorthPit DH085 615606.8 4220517.2 11 12 40.4 Raccoon Tail Fluorspar
NorthPit DH086 615607.4 4220517.9 12 13 77.1 Raccoon Tail Fluorspar
NorthPit DH087 615608.3 4220518.7 13 14 53.4 Raccoon Tail Fluorspar
NorthPit DH088 615608.7 4220519.2 14 15 74.0 Raccoon Tail Fluorspar
NorthPit DH089 615609.3 4220520.3 15 16 41.0 Raccoon Tail Fluorspar
NorthPit DH090 615610.0 4220521.1 16 17 54.5 Raccoon Tail Fluorspar
NorthPit DH091 615610.3 4220521.8 17 18 45.0 Raccoon Tail Fluorspar
NorthPit DH092 615610.5 4220522.9 18 19 71.3 Raccoon Tail Fluorspar
NorthPit DH093 615610.5 4220523.7 19 20 15.6 Raccoon Tail Fluorspar
NorthPit DH094 615610.6 4220524.7 20 21 77.5 Raccoon Tail Fluorspar
NorthPit DH095 615610.8 4220525.2 21 22 68.6 Raccoon Tail Fluorspar
NorthPit DH096 615611.3 4220525.9 22 23 59.4 Raccoon Tail Fluorspar
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Project SiteID Easting Northing From To CaF2% Comments
NorthPit DH097 615611.8 4220525.8 23 24 72.3 Raccoon Tail Fluorspar
NorthPit DH098 615612.6 4220526.0 24 25 42.5 Raccoon Tail Fluorspar
NorthPit DH099 615612.9 4220526.6 25 26 30.0 Raccoon Tail Fluorspar
NorthPit DH100 615613.4 4220527.2 26 27 28.9 Raccoon Tail Fluorspar
NorthPit DH101 615613.0 4220528.0 27 28 41.9 Raccoon Tail Fluorspar
NW Wall1 DH043 615617.1 4220501.9 0 1 74.8 Limestone + Raccoon Tail Fluorspar
NW Wall1 DH044 615615.9 4220501.6 1 2 78.1 Raccoon Tail Fluorspar
NW Wall1 DH045 615615.3 4220500.0 2 3 76.0 Raccoon Tail Fluorspar
NW Wall1 DH046 615614.1 4220500.2 3 4 73.8 Raccoon Tail Fluorspar
NW Wall1 DH047 615613.6 4220498.7 4 5 78.7 Raccoon Tail Fluorspar
NW Wall1 DH048 615612.2 4220498.3 5 6 69.5 Raccoon Tail Fluorspar
NW Wall1 DH049 615611.0 4220497.4 6 7 58.0 Raccoon Tail Fluorspar
NW Wall1 DH050 615610.0 4220496.3 7 8 81.6 Raccoon Tail Fluorspar
NW Wall1 DH051 615609.1 4220496.0 8 9 79.5 Raccoon Tail Fluorspar
NW Wall2 DH052 615606.0 4220493.6 0 1 70.7 Breccia
NW Wall2 DH053 615604.9 4220493.0 1 2 29.3 Breccia
NW Wall2 DH054 615603.7 4220492.1 2 3 74.2 Breccia
NW Wall2 DH055 615602.7 4220490.9 3 4 82.0 Breccia
NW Wall2 DH055b 615602.7 4220490.9 0 0 79.7 Breccia
NW Wall2 DH056 615601.6 4220490.1 4 5 82.4 Breccia
NW Wall2 DH057 615600.4 4220489.3 5 6 79.3 Breccia
NW Wall2 DH058 615599.1 4220489.4 6 7 72.1 Breccia
NW Wall3 DH069 615587.8 4220480.0 0 1 57.3 Breccia
NW Wall3 DH070 615588.4 4220481.2 1 2 75.8 Breccia
NW Wall3 DH071 615589.1 4220482.2 2 3 61.2 Breccia
NW Wall3 DH072 615590.4 4220482.7 3 4 61.9 Breccia
NW Wall3 DH073 615591.2 4220483.3 4 5 55.5 Breccia
SE/BackWall DH002 615607.8 4220468.2 0 1 68.2 Limestone / breccia on contact
SE/BackWall DH003 615608.1 4220469.3 1 2 68.6 Raccoon Tail Fluorpsar
SE/BackWall DH004 615608.4 4220470.2 2 3 75.8 RaccoonTail Fluorpsar
SE/BackWall DH005 615608.8 4220471.0 3 4 73.6 RaccoonTail Fluorpsar
SE/BackWall DH006 615609.2 4220471.8 4 5 64.9 Raccoon Tail Fluorpsar
SE/BackWall DH007 615609.7 4220472.7 5 6 42.1 Raccoon Tail Fluorpsar
SE/BackWall DH008 615610.5 4220473.3 6 7 41.0 Limestone / breccia
SE/BackWall DH009 615611.3 4220473.5 7 8 8.8 Limestone raft
SE/BackWall DH010 615612.3 4220473.5 8 9 2.9 Limestone raft
SE/BackWall DH011 615613.4 4220474.0 9 10 53.0 Raccoon Tail Fluorpsar Breccia pipe
SE/BackWall DH012 615614.3 4220474.4 10 11 59.0 Raccoon Tail Fluorpsar Breccia pipe
SE/BackWall DH013 615615.0 4220474.9 11 12 60.4 Raccoon Tail Fluorpsar Breccia pipe
SE/BackWall DH014 615616.6 4220476.6 0 1 64.7 Limestone / breccia
SE/BackWall DH015 615616.6 4220477.5 1 2 21.7 Breccia
SE/BackWall DH016 615617.0 4220478.7 2 3 1.0 Limestone raft
SE/BackWall DH017 615617.5 4220479.5 3 4 67.2 Breccia
SE/BackWall DH018 615618.3 4220480.0 4 5 50.1 Clay Breccia
SE/BackWall DH019 615619.4 4220480.4 5 6 20.8 Clay Breccia
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Project SiteID Easting Northing From To CaF2% Comments
SE/BackWall DH020 615620.8 4220480.9 0 1 74.8 Breccia
SE/BackWall DH021 615620.9 4220482.1 1 2 57.5 Breccia
SE/BackWall DH022 615621.0 4220483.6 2 3 76.7 Breccia
SE/BackWall DH023 615621.4 4220484.9 3 4 79.5 Breccia
SE/BackWall DH024 615622.4 4220485.7 4 5 44.8 Breccia
SE/BackWall DH025 615623.4 4220486.8 5 6 72.7 Breccia
SE/BackWall DH026 615624.4 4220487.5 6 7 64.3 Breccia
SE/BackWall DH027 615625.6 4220488.1 8 9 55.1 Breccia
SE/BackWall DH028 615624.2 4220489.4 0 1 70.3 Limestone cap
SE/BackWall DH029 615624.2 4220490.7 1 2 65.6 Limestone cap
SE/BackWall DH030 615625.5 4220491.0 2 3 62.5 Limestone cap
SE/BackWall DH031 615626.5 4220491.0 3 4 77.5 Limestone cap + veins
SE/BackWall DH032 615627.4 4220491.0 4 5 77.5 Limestone cap + veins
SE/BackWall DH033 615628.4 4220491.0 5 6 34.5 Limestone cap + veins
SE/BackWall DH034 615626.4 4220491.8 0 1 70.7 Breccia
SE/BackWall DH035 615626.4 4220493.1 1 2 68.4 Breccia
SE/BackWall DH036 615626.7 4220494.2 2 3 74.6 Breccia
SE/BackWall DH037 615627.2 4220495.1 3 4 77.5 Breccia
SE/BackWall DH038 615627.8 4220496.1 4 5 67.4 Breccia
SE/BackWall DH039 615628.5 4220497.0 5 6 67.4 Breccia
SE/BackWall DH040 615628.6 4220498.1 6 7 70.7 Breccia
SE/BackWall DH041 615628.6 4220499.2 7 8 62.9 Breccia
SE/BackWall DH042 615629.8 4220499.5 8 9 63.1 Breccia
SE/BackWall QC260214 615621.4 4220505.7 0 1 56.7 Main face channel - breccia
SE/BackWall QC260215 615622.3 4220505.2 1 2 67.8 Main face channel - breccia
SE/BackWall QC260216 615623.2 4220505.3 2 3 60.0 Main face channel - breccia
SE/BackWall QC260217 615624.3 4220505.4 3 4 66.4 Main face channel - breccia
SE/BackWall QC260218 615625.3 4220505.0 4 5 55.9 Main face channel - breccia
SE/BackWall QC260219 615626.1 4220504.3 5 6 78.5 Main face channel - breccia
SE/BackWall QC260220 615626.1 4220504.3 6 7 79.7 Main face channel - breccia
SE/BackWall QC260221 615626.7 4220503.6 7 8 77.3 Main face channel - breccia
SE/BackWall QC260222 615627.2 4220502.8 8 9 71.5 Main face channel - breccia
SE/BackWall QC260223 615628.1 4220501.9 9 10 71.7 Main face channel - breccia
SE/BackWall QC260224 615629.4 4220501.5 10 11 70.5 Main face channel - breccia
SE/BackWall QC260225 615629.7 4220500.6 11 12 70.7 Main face channel - breccia
Note 3 samples DH016, DH09, DH010 are limestone rafts in the fluorspar zone <1.5m thick with fluorspar observed above
and/or below in the pit wall, and excluded from the intercept calculations as they do not represent the continuity of the
mineralization.
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JORC 2012 – Table 1: Quinn Fluorspar Project
Section 1 Sampling Techniques and Data
(Criteria listed in the preceding section also apply to this section)
Criteria JORC Code explanation Commentary
Sampling techniques • Nature and quality ofsampling (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 shouldnotbe takenas limitingthe
broad meaning of sampling.
• Include reference to measures taken to ensure
sample representivity and the appropriate
calibrationofany measurement tools or systems
used.
• Aspects ofthe determination ofmineralisation that
are Material to the Public Report.
• In cases where ‘industrystandard’ work has been
done this would be relatively simple (eg ‘reverse
circulationdrilling was used to obtain 1 m samples
from which 3 kgwas pulverised toproduce a 30 g
charge for fire assay’). In other cases more
explanationmay 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
• Channel samples are chip-channels, where a line is
marked out and a representative sample is collected
with a hammer drill from 1m intervals alongthe side of
historic pit.
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-
samplingbitor other type, whether core is oriented
and if so, by what method, etc).
• No drilling reported
Drill sample recovery • Method ofrecordingand 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 andwhether 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 andgeotechnically logged toa 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 recordedwith each sample, as noted in Table 1
in the body of the release.
Sub-sampling techniques
and sample preparation
• Ifcore, whether cut or sawn and whether quarter,
half or all core taken.
• Ifnon-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 geophysicaltools,spectrometers,handheldXRF
instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
• Nature ofqualitycontrol procedures adopted (eg
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels ofaccuracy
(ie lack of bias) and precision have been
established.
• Samples were delivered toALS Global in Reno, NV for
preparation.
• Samples were dispatched, by the laboratory, for assay
by ALS Global inVancouverusing F-ELE82technique for
fluorine content.
• The laboratory adhered tointernal QA/QC techniques
with no discrepancies noted.
• Samples were consistentingrade with internal visual
estimates of observed mineral content and historic
work, and are hence considered reasonable in the
context with which they appear.
• All fluorine is assumed toreportto CaF2.CaF2is 48.7%
F. Results factor this stochiometriccalculation based on
F results from the laboratory.
• ALS has reported that some highgrades maybe under-
callingdue toCa complexing with F to form CaF+ ion.
Further investigations underway.
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.
• Samples are consistent with historic sampling as
reported by the Company 4 March 2026
Location of data points • Accuracy and quality ofsurveys used to locate drill
holes (collar and down-hole surveys), trenches,
mine workings and other locations used inMineral
Resource estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic control.
• Data points located in NAD83 Zone 11andusing hand-
held GPS with assumedaccuracy of+-5m. Start ofeach
channel is recorded,andpositioned along the pit wall.
Data spacing and
distribution
• Data spacing forreportingofExploration Results.
• Whether the data spacing and distribution is
sufficient to establish the degree ofgeological 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. 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 samplingofpossible structures and the
extent to which this is known, considering the
deposit type.
• Ifthe relationshipbetween the drilling orientation
and the orientation ofkey mineralised structures is
considered tohave introduced asamplingbias, this
should be assessed and reported if material.
• Orientation ofchannel sampling is along historic pit
walls and exposed areas. They do not represent true
width (refer to Figures in the body of
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