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OD6 Metals Limited (ASX: OD6) — Investor Hub

Space Grotesk

Scrum is defined in a similar manner to Centre and the REE-bearing clays clay areas that vary between 10m to 50m with TREO assay intercepts up to 2,180ppm. The prospect is partly covered by a sand with thickness varying between approximately 15m to 35m above the clay hosted rare earth areas. Target area covers 26 km² and extend along an approximately 11km axis between 1km and 5km wide. Initial Metallurgical acid leach tests achieved 40% to 89% recovery of MagREE (average 65%).

The Centre Prospect target area has been defined from OD6's digital elevation model (DEM), recent mid-time AEM preliminary imagery and CSIRO modelled AEM combined with the results of existing drilling. Drilling indicates that REEs occur in thick clays of the prospect that vary between 10 m to 70m with TREO assay intercepts up to 2,200ppm. Inside Centre is a high-grade deep clay channel at the southern end of the resource and is approximately 2km long by 1km wide. Centre North-West is a narrow channel to the north-west of the main Centre basin, that also exhibits properties similar to Inside Centre. The Centre Prospect is overlain by a shallow transported cover and leached clays of approximately 5 m to 15 m thickness above the rare earth clay host. The target area covers 136 km² and extends approximately 27km along its axis and between 5km and 10km wide. Initial Metallurgical acid leach tests achieved 42% to 90% recovery of MagREE (average 60%).

Flanker has been defined in a similar manner to Centre, with REEs occurring in thick clays that vary between 10m to 30m and TREO assay intercepts of up to 2,050ppm. This is covered by shallow transported cover and saprolitic clays of 3 m to 15m thickness above the REE host clay. The target covers 42 km² and extends approximately 17 km along axis, varying between 3 km and 5 km wide. This prospect is shallow, with clay hosted REE to within 3m of surface with preliminary early-time AEM imagery used to define it. This data exhibits influence from near-surface conductive salts. Initial Metallurgical acid leach tests achieved 41% to 76% recovery of MagREE (average 55%).

Prop has been defined in a similar manner to Centre with REEs occurring in thick clay areas that vary between 10 m to 80m with TREO assay intercepts up to 2,450ppm. Variable transported cover and upper saprolitic clays occur to approximately 3m to 24m thickness above the rare earth clay hosts. The target area covers 58 km² and extends approximate 11km along axis and up to 9km wide. Late-time AEM preliminary imagery has been used to define the target, which contains some of the thickest accumulations of clay identified to date. Initial Metallurgical acid leach tests achieved 40% to 96% recovery of MagREE (average 70%).