Quarterly Activities/Appendix 5B Cash Flow Report
Released
Released
Announcement PDF
ASX Announcement
28 October 2025
ASX: OD6
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Quarterly Activities and Cashflow Report
OD6 Metals Limited (OD6 or the Company) is pleased to present its Quarterly
Activities and Cashflow Report for the period ending 30 September 2025
Highlights (including subsequent events):
Splinter Rock, WA
⢠Innovative Process Flowsheet Selected with High Recoveries
â ~75% Nd & Pr Overall Recovery
â High-quality Mixed Rare Earth Carbonate (MREC) of ~56% TREO
â High-quality Mixed Rare Earth Hydroxide (MREH) of ~59% TREO
â Superior product quality with low levels of impurities (Al, Fe, P, Si)
â Extremely low uranium and thorium content (<0.001% U + Th)
â Optimised capital and operating cost drivers
⢠Heapleachconfirmedaslowercost than agitatedtank leach forSplinterRockâsclay-hostedrare earth
mineralisation
⢠Nanofiltration technology reduces acid requirements by over 80%
⢠Ion Exchange (IX) resin technology enhances impurity removal
⢠Chlor-Alkali Facility (CAF) confirmed as a cost-reduction measure, producing key reagents onsite and
materially lowering operating costs
⢠Metallurgical Diamond Core Program Successfully Completed: Drilling successfully completed at the
Inside Centre prospect, delivering ~2.5 tonne of high-quality core samples for metallurgical testing
⢠Advanced Testwork Program to Commence: Samples to be sent to ANSTO for heap leach, impurity
removal, and rare earth product optimisation testwork.
⢠Offtake Samples: MREC and MREH samples will be utilised for offtake discussions, to assess
commercial payability options for the products
Gulf Creek Copper Project, NSW
⢠Phase 2 drilling at Gulf Creek Copper Project Commenced
⢠Previously untested prospects to be drilled include Big Bend, North West and West Limb
⢠>3km of untested strike â magnetite-VMS target horizon in immediate mine area
⢠7 Priority diamond drill holes with approvals in place to expand to 25 holes totalling ~7,500m
⢠Downhole EM planned to be undertaken post drilling to further identify follow up targets
Corporate
⢠$2.5M placement completed
⢠Cash balance at the end of the June quarter remains strong at A$3.045M
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Brett Hazelden, Managing Director, commented:
âIt has been a busy quarter for our Splinter Rock Rare Earth Project with the culmination of over 12 months of
ANSTO testwork and also the more recent CPC Optioneering Study. This work has led to a preferred flowsheet being
selected which has a high quality, low impurity and high payability product.
With a $2.5M capital raise also completed we have been able to fast track metallurgical core drilling at our Inside
Centre Project at Splinter rock so that advance scale-up testwork can occur at ANSTO. The drilling is now completed
and ANSTO is looking to commence works in November. A key part of this test work is producing customer product
samples that will be available in the new year for ongoing offtake discussions.
We are also excited to have the drill rig back out at our Gulf Creek Copper Project in NSW. The drilling program is
scheduled to be completed by December with assays to follow with any luck prior to Xmas or in January. The best
place to look for a copper project is under or next to an old mine, especially with copper prices now above
US$11,000/t.â
Exploration and Development (including subsequent events)
Splinter Rock Rare Earth Project, WA
Innovative
Process
Flowsheet
Selected With
High Recoveries
During the quarter OD6 released a series of ASX announcements associated with Phase 4
metallurgical testing undertaken at ANSTO over the last 12 months, along with outcomes
from the CPC Engineering (CPC) Optioneering Study.
These announcements culminated in an innovative process flowsheet with high recoveries
being selected (refer ASX release 1 October 2025),
In summary OD6, CPC and ANSTO have successfully demonstrated and recommended a
multi-stage processing pathway outlined in Figue1, that efficiently produces a superior
quality product with low impurities, that has achieved high REE element total flowsheet
recoveries as detailed in Figure 2.
The Innovative Process Flowsheet Incorporates
⢠Heap Leach with Nanofiltration (NF), Ion Exchange (IX) and Impurity Removal (IR)
⢠~75% Nd & Pr overall Recovery
⢠High-quality Mixed Rare Earth Carbonate (MREC) of ~56% TREO
⢠High-quality Mixed Rare Earth Hydroxide (MREH) of ~59% TREO
⢠Superior product quality with low levels of impurities (Al, Fe, P, Si)
⢠Extremely low uranium and thorium content (<0.001% U + Th)
⢠Optimised capital and operating cost drivers
The final MREC/MREH products contain elevated concentrations of Nd, Pr, Dy and Tb,
collectively representing a high-value magnetic rare earth mix highly sought after in
permanent magnet supply chains. Benchmark payability for MREC and MREH typically
ranges between 70â85% of REO basket value.
The Company aims to be a 6,000 plus tonnes per annum (tpa) producer of REO, in
either the form of Mixed Rare Earth Carbonate (MREC) or Mixed Rare Earth Hydroxide
(MREH) in 5 years (refer ASX 11 September 2025)
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Figure 1: Preferred Process Flowsheet from ANSTO Testwork and CPC Optioneering Study
Figure 2: Anticipated Inside Centre Total REE Recovery by Element Utilising the Preferred Process Flow Sheet
Nano Filtration
Reduces Acid
Requirements
by over 80%
At the start of August (refer ASX 4 August 2025) OD6 reported:
⢠Outstanding 84.5% acid recovery achieved utilising Nanofiltration (NF) technology
⢠Significantly lower acid requirements set to drive major decrease in processing
costs and improve project economics
⢠No loss of Rare Earth during acid recovery process
⢠69% reduction in liquid volume sent to Impurity Removal (IR) Circuit
⢠Smaller IR circuit size expected to materially reduce both capital and operating
costs
0
10
20
30
40
50
60
70
80
La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu Y TREY
Total
REE
%
Recovery
Inside Centre Deposit Extraction by REE
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What is Nanofiltration?
Nanofiltration (NF) is a pressure driven membrane filtration process that uses liquids to
selectively separate substances based on size and charge. Its primarily used for water
purification, for example to remove hardness (calcium and magnesium), sulphates and
organic compounds (Figure 1). It sits between reverse osmosis and ultrafiltration in terms of
pore size, pressure requirement and selectivity.
Ion Exchange
Technology
Improves
Process
Flowsheet
Following the Nanofiltration announcement, OD6 reported on the use of Ion Exchange
Technology to Further improve the Process flowsheet (refer ASX 7 August 2025):
⢠Ion Exchange (IX) resin technology enhances removal of iron (Fe) and aluminium
(Al), improving product purity and reducing downstream processing risk
⢠Successful development of uranium (U) and thorium (Th) removal circuit improves
product payability and expands potential global offtake markets
⢠Minimal Rare Earth Element (REE) loss (<1%) during IX process
⢠IX further improves the downstream scale of the IR Circuit which is expected to
further optimise both capital and operating costs
⢠Optimised Impurity Removal (IR) Precipitation and Mixed Rare Earth Carbonate
(MREC) separation processes
⢠Enhanced process efficiency and product quality expected to materially improve
project economics
What is Ion Exchange?
Ion Exchange (IX) is a chemical process where ions are swapped between a solution and a
solid material (usually a resin). In rare earth processing, ion exchange is used to concentrate
rare earth elements from complex mixtures. In our case we are looking to decrease
Aluminium (Al) and Iron (Fe) content to improve downstream Impurity Removal (IR) and
Mixed Rare Earth Carbonate (MREC) quality. Further Uranium (U) and Thorium (Th) can be
selectively removed from the final product to enable safe transport and refining.
An analogous process is the use of carbon in gold leaching, whereby gold in liquid is
absorbed onto carbon, then eluted into solution for electrowinning.
High Quality
MREC Produced
Based on the addition of both NF and IX the Company in conjunction with ANSTO was able
to produce a High Quality Mixed Rare Earth Carbonate (MREC) and Mixed Rare Earth
Hydroxide (MREH).
⢠High-quality Mixed Rare Earth Carbonate (MREC) of ~56% TREO produced
⢠High-quality Mixed Rare Earth Hydroxide (MREH) of ~59% TREO also produced
utilising the same process but utilising Sodium Hydroxide (NaOH) to precipitate the
saleable product
⢠The significant MREC and MREH production results position the company to deliver
a premium product, distinguishing it from peers and ranking it among the top
global rare earth projects. Key highlights include:
o +90% of product value expected from Magnetic Rare Earth content (Nd +
Pr + Dy + Tb)
o Superior product quality with low levels of impurities (Al, Fe, P, Si)
o Extremely low uranium and thorium content (<0.001% U + Th)
o No expected refinery penalties, ensuring optimal commercial payability.
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⢠OD6's product quality meets or exceeds global MREC and MREH benchmarks,
positioning it for premium payability and a competitive advantage in future offtake
agreements.
⢠The company is engaging with potential offtake partners to assess commercial
payability options, while expanding its network of potential high-value downstream
customers across North America, Europe, and Asia.
MREC and MREH Results
Sodium Carbonate (Na2CO3) or Sodium Hydroxide (NaOH) has been utilised to precipitate a
Mixed Rare Earth Carbonate (MREC) or Mixed Rare Earth Hydroxide (MREH) respectively.
Precipitation occurs from a starting point of ~4.1 to 4.4 pH to a finish pH of between
7.1 to 7.5. This occurs post the two stage Impurity Removal (IR) precipitation process that
has been enhanced by NF and IX to minimise REE co-precipitation losses and maximise
overall REE recovery - refer to Figure 3 below. The MREC and MREH precipitate is then
washed with deionised water to remove and residual salts (eg Na, Cl) prior to being dried
and assayed.
Benchmark payability for MREC and MREH typically ranges between 70â85% of REO
basket value, depending on impurity levels and buyer requirements. These results
position OD6 for premium payability in future offtake discussions. The high quality and
low impurity nature of the product also opens access to multiple potential downstream
customers globally, including separation plants in Asia, Europe and North America.
Further refinement of the MREC and MREH Composition will continue during the next phase
of testwork, studies and feedback from potential customers.
Figure 3: Impurity Removal Curve showing decreasing Al and Fe concentration as pH is increased
Chlor-Alkali
Facility to Lower
Operating Costs
At the start of September (refer ASX 2 September 2025) OD6 reported:
⢠Chlor-Alkali Facility (CAF) confirmed as a cost-reduction measure, producing key
reagents onsite and materially lowering operating costs
⢠Onsite production of Hydrochloric Acid (HCl) and Sodium Hydroxide (NaOH)
eliminates expensive transport of liquid reagents from Perth (~800km) reducing
environmental footprint
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⢠Abundant and low-cost solar sea salt (NaCl), extensively produced in Western
Australia, provides the primary feedstock alongside water and energy
⢠Financial metrics significantly improved through lower reagent costs and reduced
logistics
⢠CAF enables potential selective production of Nd, Pr, Dy, Tb oxides via a chloride-
based Solvent Extraction (SX) process
What is a Chlor-Alkali Facility?
A Chlor-Alkali Facility (CAF) is a plant that produces two essential chemicals, Hydrochloric
Acid (HCl) and Sodium Hydroxide (NaOH), from Salt (NaCl) and Water:
How It Works
The Chlor-Alkali process relies on electrolysis, splitting salt (NaCl) dissolved in water into its
components. In short, an electric current passes through the salt brine to produce hydrogen,
chlorine and sodium hydroxide. The hydrogen and chlorine can then be combined into
hydrochloric acid. The equations to create sodium hydroxide (NaOH) and hydrochloric acid
(HCl) are:
2H2O (l) + 2NaCl (aq) â-> H2 (g) + Cl2 (g) + 2NaOH (aq)
H2 (g) + Cl2 (g) ââ> 2HCl (g)
Optioneering
Study Supports
Heap Leaching
as Low Cost
Route
The first of CPCâs Optioneering Outcomes (refer ASX 11 September 2025) validated heap
leaching as the lower-cost and preferred primary leach option for the Splinter Rock Rare
Earth Project:
⢠Heap leach confirmed lower cost than agitated tank leach for Splinter Rockâs
clay-hosted rare earth mineralisation, based on CPC Engineeringâs multi-criteria
optioneering assessment.
⢠Superior Recovery: Heap Leach offers a higher recovery than the equivalent tank
leach process
⢠Lower Capital requirements anticipated: Simplified process eliminates large leach
tanks, clay-washing, and complex separation circuits, and allows for modular,
scalable construction.
⢠Lower operating cost drivers: Reduced energy and maintenance intensity; Chlor-
Alkali Facility enables on-site reagent generation in conjunction with acid recycling
benefits, further de-risking operating costs.
⢠Process innovation maintained: Heap leach liquor enables OD6âs downstream
flowsheet to utilise Nanofiltration (NF), Ion Exchange (IX), targeting a high-quality
and low impurity Mixed Rare Earth Carbonate (MREC) product.
⢠High-quality MREC product: Heap leach integrates with OD6âs downstream
process to produce a premium, low-impurity MREC. OD6 plans to rapidly scale-up
testwork to produce MREC samples for offtake discussions.
⢠Fit-for-purpose: Study supports the suitability of the simplified heap leaching and
Impurity removal process for Splinter Rockâs mineralisation style and planned scale.
⢠Positive Study Outcomes: The results from the optioneering study to date are
positive and the results justify progression of further exploration, testwork and
study investigations.
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Metallurgical
Diamond Core
Drilling
Completed at
Splinter Rock
During the quarter OD6 Commenced (refer ASX release 17 September 2025) Metallurgical
Diamond Core drilling , which was completed subsequent to the end of the quarter (refer
ASX release 9 October 2025).
Core samples will be sent to ANSTO as part of the planned optimisation and scale-up
program aimed at refining the heap leach and impurity removal flowsheet and providing
final product samples for offtake discussions.
Six Metallurgical drill locations have been completed (Figure 4) utilising PQ diamond core
(85mm core), which have been twinned next to existing AirCore drill hole locations
previously utilised metallurgical testwork conducted at ANSTO.
The diamond drilling program targeted key areas of the Inside Centre Deposit, designed to
obtain representative material for metallurgical and processing testwork. The bulk rare earth
bearing material will provide ~2.0 to 2.5 tonnes of core samples that were logged and
prepared for dispatch to ANSTO in Sydney.
Figure 4: The Inside Centre Indicated Resource (shown in red) and the selected holes twinned (shown in yellow). The
figure also shows the Existing Centre Inferred Resource (shown in orange) plus shows mineralisation remains open to the
SW and NE within the modelled clay basin airborne electromagnetic survey
ANSTO Scale-up
Testwork
Program
The metallurgical core program has targeted zones within Inside Centre that best represent
an area of consistent geology, prior metallurgical outcomes, low striping ratios, significant
grades and planned early-stage mining areas. Samples will be composited at ANSTO for a
series of advance campaigns focused on:
⢠Heap leach Optimisation;
o Heap Leach duration and kinetics
o Acid strength and consumption
o Counter current heap configuration
o Particle agglomeration methodology
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⢠Impurity Removal Verification:
o Nanofiltration (NF) acid recovery and liquor concentration tuning
o Ion Exchange (IX) selectivity and elution to reduce Fe/Al and trace U/Th
prior to precipitation
o Impurity removal (IR) two stage pH optimisation to achieve target impurity
specifications
⢠Bulk MREC and MREH Production
Precipitation to produce >1 kg of MREC and/or MREH for customer qualification, offtake
discussions, and to assess commercial payability options for the products.
Pathway to
Offtake
The core program directly supports OD6âs ongoing testwork and studies with ANSTO and
CPC Engineering by supplying bulk test material and enabling production of more than 1
kg of a premium, high grade and low impurity Mixed Rare Earth Carbonate (MREC)
and Mixed Rare Earth Hydroxide (MREH).
Offtake Samples of MREC and MREH can then be sent to global separation facilities that will
be utilised for offtake discussions and to assess commercial payability options for the
products.
Engagement with potential offtake partners is continuing.
Gulf Creek Copper Project, NSW
Phase 2 Drilling
Commenced at
Gulf Creek
Copper Project
Subsequent to the end of the (refer ASX release 14 October 2025) the Company
commenced Phase 2 drilling at the Gulf Creek Copper Project.
Phase 2 drilling will test potential extensions to mineralisation near the historic Gulf Creek
Copper mining area.
These repeat structure targets, named Big Bend, North West and West Limb (refer to
Figure 5 and 6) are along strike to the northwest of the Gulf Creek mineralisation and
feature substantial magnetic anomalies which mirror the Gulf Creek magnetic signature.
The presence of the jaspilite capping the mineral system, and the strong magnetism
associated with semi-massive sulphide mineralisation indicates that the Big Bend, North
West and West Limb remain excellent untested targets. The observations from the drilling
completed to date are consistent with a âBesshiâ volcanic hosted massive sulphide (VMS)
system, which are known to occur in clusters:
The three prospects to be tested represent a portion of ~3km of untested strike in the
immediate Gulf Creek mine stratigraphy.
An initial 7 priority holes at Big Bend, North West and West Limb Targets have been
identified for ~1,750m.
OD6 has received approvals from the NSW Resources Regulator for 25 drill holes
totalling ~7,500m.
Downhole EM is planned to be undertaken post drilling to further identify follow up
targets.
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Figure 4: Long Section view to SW showing extended view of geophysical modelling and the targets along the West Limb
of the Gulf Creek Syncline to the NW anomaly. Refer to announcement dated 14 November 2024 for details on
geophysical modelling.
Figure 5: Plan view of geophysical modelling and the priority targets Big Bend, North West, West Limb and the historic
Gulf Creek Mine
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Corporate
Annual Report
and Corporate
Governance
OD6 Metals issued its Annual Reports to Shareholders (refer ASX release) along with its
Corporate Governance Statement and Appendix 4G (refer ASX release) to the ASX on 19
September 2025
ESG OD6 acknowledges the significance of integrating environmental, social and governance
(ESG) practices within its operations, recognising that they are essential for driving positive
environmental and social impacts while ensuring governance standards. The Company was
please to include an ESG section in its 2024/25 Annual Report (refer ASX release).
Annual
General
Meeting
OD6 Metals held its Annual General Meeting (AGM) of shareholders on 22 October 2025.
Please refer to the following ASX Announcements:
⢠Results of Meeting, 22 October 2025
⢠Notice of Meeting, 22 September 2025
⢠Annual General Meeting Information, 5 September 2025
Cash Holdings The Company had A$3.045 million of cash on hand as at 30 September 2025
Securities on
Issue
Fully Paid Ordinary Shares Performance rights Options
198,929,488
(as at 30 Sept 2025)
1,300,000
61,339,251
(as at 30 Sept 2025)
Options on issue comprise:
⢠22,050,371 Founder Options exercisable at A$0.30 on or before 31 October 2025.
⢠3,850,000 Incentive Options exercisable at A$0.30 on or before 31 March 2026.
⢠1,500,000 Performance Options exercisable at A$0.50 on or before 31 March 2026.
⢠900,000 Performance Options exercisable at A$0.30 on or before 09 October 2026
⢠2,650,000 Incentive Options exercisable at A$0.27 on or before 08 December 2026.
⢠5,000,000 Broker Options exercisable at A$0.114 on or before 9 May 2027.
⢠4,500,000 New Chair Options exercisable at $0.10 on or before 5 December 2027
⢠12,888,880 Free attached Options exercisable at A$0.065 on or before 7 May 2028
⢠8,000,000 Broker Options exercisable at A$0.065 on or before 7 May 2028
New Options to be issued post the end of September 2025 Quarter that were approved at
the AGM comprise:
⢠19,230,769 Free attached Options exercisable at A$0.10 expiring 30 months from the
date issue
⢠5,000,000 Broker Options exercisable at A$0.10 expiring 30 months from the date issue
⢠11,500,000 Director and Advisor Options exercisable at A$0.10 expiring 3 years from
issue
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At 30 September 2025 none of the performance milestones of the Performance Rights still
on issue have been met, nor had any shares been issued on conversion of Performance
Rights.
A summary of the performance milestones is outlined below:
CLASS NUMBER MILESTONE EXPIRY DATE
C 1,000,000 The Company announcing to ASX a JORC Code Compliant
inferred (or greater) Mineral Resource (as defined in the
JORC Code) of not less than 1,000,000,000 tonnes (of which
at least 400,000,000 tonnes must be an indicated Mineral
Resource), grading a minimum of 1000 ppm total rare earth
oxides (TREO).
08 December
2026
D 300,000 The rights vest on the Company announcing to ASX the
results of a Scoping Study (as defined in the JORC Code)
showing the potential to generate an internal rate of return
(IRR) of more than 20% using consensus prices and Board
approved assumptions.
08 December
2026
Borrowings The Company has no borrowings.
Expenditure
Exploration
Expenditure
Exploration and Evaluation expenditure during the quarter was A$266k. Expenditure
included site visits, assays, ANSTO metallurgical testing, mineralogy and geological
investigation.
Related Party
Transactions
During the quarter ended 30 September 2025 payments to related parties amounted to
A$134k, comprising of Managing Director Fees, Non-Executive Director fees,
Superannuation and geological consulting fees to GeoSpy Pty Ltd, which is an entity
controlled by Darren Holden.
Mineral Interests
Exploration
Tenements
Schedule of Exploration Licenses (E) held end of September 2025 Quarter.
PROJECT
TENEMENT
NUMBER
HOLDER STATUS GRANTED
TENEMENT
AREA
OWNERSHIP
Gulf Creek EL 8492 GulfCreek Copper Pty Ltd Granted 7 Jan 25 24 km2 100%
Splinter Rock E 63/2115 Odette Six Pty Ltd Granted 4 Feb 22 46 km2 100%
Splinter Rock E 69/3904 Odette Six Pty Ltd Granted 15 Feb 22 184 km2 100%
Splinter Rock E 69/3905 Odette Six Pty Ltd Granted 15 Feb 22 46 km2 100%
Splinter Rock E 69/3907 Odette Six Pty Ltd Granted 14 Feb 22 9 km2 100%
Splinter Rock E 69/3893 Odette Six Pty Ltd Granted 20 Jan 22 368 km2 100%
Splinter Rock E 69/3894 Odette Six Pty Ltd Granted 20 Jan 22 296 km2 100%
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ASX Announcements (including Subsequent Events)
This Quarterly Activities Report contains information extracted from ASX market announcements reported in accordance
with the 2012 edition of the âAustralasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reservesâ
(2012 JORC Code). Further details (including 2012 JORC Code reporting tables where applicable) of exploration results
referred to in this Quarterly Activities Report can be found in the following announcements lodged on the ASX:
22/10/2025 AGM Results of Meeting
22/10/2025 2025 Annual General Meeting - Chair Address
15/10/2025 Investor Presentation
14/10/2025 Gulf Creek Copper Drilling Commences
09/10/2025 Metallurgical Diamond Drilling Completed at Splinter Rock
01/10/2025 Innovative Process Flow Sheet Selected with High Recoveries
22/09/2025 Notice of Annual General Meeting / Proxy Form
19/09/2025 Corporate Governance & Appendix 4G
19/09/2025 Annual Report to Shareholders
17/09/2025 Metallurgical Diamond Drilling Commences at Splinter Rock
11/09/2025 Optioneering Study Supports Heap Leaching as Low Cost Route
05/09/2025 Annual General Meeting Information
02/09/2025 Major Flowsheet Improvements at Splinter Rock
28/08/2025 Becoming a Substantial Holder
27/08/2025 Investor Presentation
27/08/2025 Cleansing Notice
27/08/2025 Application for Quotation of Securities â OD6
20/08/2025 Investor Briefing Webinar
19/08/2025 Proposed Issue of Securities â OD6
19/08/2025 Proposed Issue of Securities â OD6
19/08/2025 OD6 Raises $2.5M to Advance Splinter Rock and Gulf Creek
15/08/2025 Trading Halt
13/08/2025 High Quality Mixed Rare Earth Carbonate Produced
07/08/2025 Ion Exchange Technology Improves Processing Flowsheet
04/08/2025 Nanofiltration Reduces Acid Requirements by over 80%
01/08/2025 Final Directorâs Interest Notice
31/07/2025 Board Update and Exploration Outlook
28/07/2025 Quarterly Activities / Appendix 5B Cash Flow Report
10/07/2025 Finalisation of NSW Resources Regulator Investigation
These announcements are available for viewing on the Companyâs website https://www.od6metals.com.au/. OD6 confirms
that it is not aware of any new information or data that materially affects the information included in any original ASX
announcement.
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Aspirational Production Target Cautionary Statement
The Company cautions that the above aspirational statement of prospective production and the aspirational
production target ranges adopted in the optioneering study (refer ASX 11 September 2025) are conceptual in nature
and the target ranges were adopted solely to support comparative techno-economic assessment within the
optioneering study. They are not production targets or forecast financial information derived from production targets
for the purposes of the Corporations Act or ASX Listing Rules and there is a low level of geological confidence
associated with any potential production parameters at this stage. Further exploration, engineering, and feasibility
work are required before OD6 can determine the likelihood of establishing Ore Reserves and/or production targets or
before making any final investment decision. There is no certainty that the conceptual ranges adopted within the
optioneering study will be realised.
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 âprojectâ, âforeseeâ, âplanâ, âexpectâ, âaimâ,
âintendâ, âanticipateâ, âbelieveâ, âestimateâ, âmayâ, âshouldâ, âwillâ 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).
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 Companyâs ASX announcements dated 24 May 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 is an Australian public company pursuing exploration and development opportunities within the
critical minerals sector, namely rare earths and copper.
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 one of the largest and highest-grade clay-hosted rare earths deposits 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).
An innovative Process Flow sheet has been selected utilising Heap Leaching, Nano-filtration and Ion Exchange
Technologies that have achieved ~75% Nd & Pr overall recovery, produced a high-quality
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