OD6 COMPLETES A$6.92 MILLION PLACEMENT
Released
Released
Announcement PDF
ASX Announcement
12 OCTOBER 2026
ASX: OD6
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OD6 COMPLETES A$6.92 MILLION PLACEMENT
HIGHLIGHTS
• A$6.92 million Placement successfully completed, with funds received and new shares issued
• Strong support from global institutional investors, family offices and sophisticated and
professional investors
• OD6 now well funded to accelerate its Critical Minerals Strategy
• Strong pipeline of upcoming catalysts across Quinn, Splinter Rock and Gulf Creek
OD6 Metals Limited (OD6 or the Company) is pleased to advise that it has successfully completed its previously
announced A$6.92 million Placement (before costs), with all funds received and the Placement shares issued.
The Placement comprised the issue of approximately 72.84 million new fully paid ordinary shares at A$0.095 per
share, raising approximately A$6.92 million before costs.
The successful completion of the Placement significantly strengthens OD6's balance sheet and provides the
Company with funding to accelerate its critical minerals strategy, across its three main projects; Quinn Fluorspar,
Splinter Rock Rare Earths and Gulf Creek Copper.
Funds will primarily be applied towards Quinn's maiden drilling and bulk sampling programs, subject to receipt
of relevant approvals, together with metallurgical testwork, assaying, geological modelling, resource definition
and ongoing permitting. Funds will also support the Company's broader critical minerals portfolio and general
working capital.
Managing Director, Brett Hazelden commented:
“The completion of this Placement leaves OD6 in a strong financial position as we enter an important period for
the Company.
Our immediate focus is on advancing Quinn through permitting and into maiden drilling and bulk sampling,
with the objective of rapidly progressing towards a maiden Mineral Resource Estimate and demonstrating a
development pathway for this strategically important US fluorspar project.
At the same time, we continue to advance our extensive metallurgical program with ANSTO at the Splinter
Rock Rare Earth Project, with further testwork results expected shortly as we continue to optimise the
processing flowsheet and assess the pathway towards development.
With Quinn advancing towards drilling and bulk sampling, further results expected from Splinter Rock and
ongoing work across our broader portfolio, OD6 has a strong pipeline of catalysts ahead.
We appreciate the strong support received from both new and existing investors and look forward to delivering
on this next phase of growth.”
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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
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About OD6 Metals
OD6 Metals Limited is an Australian critical minerals exploration and development company with a portfolio spanning
fluorspar, rare earth elements and copper in the United States and Australia. The Company is focused on advancing
strategically important critical minerals required for next-generation industrial, defence and energy technologies.
Quinn Fluorspar Project – Nevada, USA
The Quinn Fluorspar Project in Nevada hosts extensive high-grade fluorspar mineralisation identified across multiple
prospects and is being rapidly advanced through exploration, metallurgical testwork and permitting. Quinn remains
significantly under-drilled, with OD6 progressing approvals for its maiden drilling and bulk sampling programs. Fluorspar is
designated as a critical mineral in the United States and is an essential raw material used across advanced industrial,
semiconductor, energy and defence supply chains.
Splinter Rock Rare Earth Project – Western Australia
The Company's Splinter Rock Rare Earth Project in Western Australia hosts one of Australia's largest clay-hosted rare earth
Mineral Resources. OD6 is advancing an innovative processing flowsheet incorporating heap leaching, nanofiltration and ion
exchange technologies, targeting the production of a high-quality Mixed Rare Earth Carbonate/Hydroxide product with a
strong proportion of the strategically important magnet rare earths neodymium and praseodymium.
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 where recent exploration has identified significant opportunities for further discovery.
Corporate Directory
Mr Brett Hazelden, Managing Director
Mr Piers Lewis, Non-Executive Chairman
Dr Mitch Loan, Non-Executive Director
Mr Joel Ives, Financial Controller/ Joint Company Secretary
Mr Lewis Flynn, Joint Company Secretary
Dr Darren Holden, Technical Advisor to the Board
Contact
OD6 Metals Ltd
ACN 654 839 602
www.od6metals.com.au
Mail to: info@od6metals.com.au
Level 1, 1 Alvan Street, Subiaco, WA 6008
Phone: +61 8 6189 8515
Investor Relations
Investor Relations
Lucas Robinson
Corporate Storytime
lucas@corporatestorytime.com
Phone: +61 408 228 889
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