Gulf Creek Exploration Set to Recommence
Released
Released
Announcement PDF
ASX Announcement
5 May 2025
ASX: OD6
Gulf Creek Exploration Set to Recommence
OD6 Metals Limited (OD6 or the Company) is pleased to advise that it has
received a new notice, NTCE0017143 from the NSW Resources Regulator
(Regulator), prepared in accordance with section 240B of the Mining Act
1992 revoking Mining Act 1992 section 240 notice NTCE0016609 served on
Gulf Creek Copper Pty Ltd on 6 March 2025
The new notice allows the recommencement of exploration activities at the
Gulf Creek Copper Project in New South Wales.
The Company notes that prior to receiving the original notice that it had
completed 6 of the initial planned 9 holes at Gulf Creek, with assay results and
geological interpretation expected to be finalised shortly.
Brett Hazelden, Managing Director, commented:
“OD6 has worked positively with the NSW Resource Regulator to identify a path forward to enable
recommencement of exploration activities at Gulf Creek.
We look forward to updating the market on our Maiden drill programs assay results shortly, with the
initial six completed drill holes expected to guide further ongoing exploration drill programs associated
with both the brownfield area at the historic Gulf Creek Mining Area, and the greenfield opportunities at
the potential repeat structures already identified and yet to be tested.”
This announcement has been authorised for release by the Board of OD6 Metals Limited
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About OD6 Metals
OD6 Metals is an Australian public company pursuing exploration and development opportunities within the critical minerals
sector, namely rare earths and copper.
Copper
The Company is advancing the recently acquired Gulf Creek Copper-Zinc VMS Project located near the town of Barraba in
NSW, Australia.
Gulf Creek was mined at around the turn of the 20th century and was once regarded as the highest grade copper mine (2%
to 6.5% Cu) in NSW until its closure due to weak copper prices in 1912. Very little exploration has occurred at the project in
over 100 years, with OD6 aiming to apply modern day exploration technologies.
Mineralisation is associated with magnetite, with geophysics showing significant greenfields and brownfields exploration
potential exists with over >3km of untested strike in the immediate mine-stratigraphy, and over >10km across the tenement.
Rare Earth Elements
OD6 Metals has successfully identified clay hosted rare earths at its 100% owned Splinter Rock Project which is located in
the Esperance-Goldfields region of Western Australia.
The Company released a Mineral Resource Estimate (MRE) for Splinter Rock in May 2024, confirming that the project hosts
on of the largest and highest-grade clay-hosted rare earths deposit in Australia with an Indicated Resource of 119Mt @
1,632ppm TREO and an Inferred Resource of 563Mt @ 1,275ppm TREO with an overall ratio of ~23% high-value Magnetic
Rare Earths (MagREE).
OD6 Metals believes that Splinter Rock has all the hallmarks of a world class rare earths project with a conceptual
development which utilises the large and high-grade Splinter Rock resource to support a long-life REE operation supported
by a low strip ratio
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
Contact
Investor Relations
OD6 Metals Ltd
Lucas Robinson
ACN 654 839 602
Corporate Storytime
www.od6metals.com.au
lucas@corporatestorytime.com
Mail to: info@od6metals.com.au
Phone: +61 408 228 889
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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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.
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