Duyuru • Apr 24
OD6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.34 million. OD6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.34 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 49,000,000
Price\Range: AUD 0.05
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,500,000
Price\Range: AUD 0.05
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,300,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing New Risk • Mar 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$24.4m market cap, or US$17.4m). New Risk • Mar 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 24% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$18.4m market cap, or US$13.0m). Duyuru • Mar 04
OD6 Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.34 million. OD6 Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.34 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 49,000,000
Price\Range: AUD 0.05
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,500,000
Price\Range: AUD 0.05
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,300,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Duyuru • Sep 05
OD6 Metals Limited, Annual General Meeting, Oct 20, 2025 OD6 Metals Limited, Annual General Meeting, Oct 20, 2025. New Risk • Aug 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$11.5m market cap, or US$7.51m). Duyuru • Aug 19
OD6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. OD6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,461,538
Price\Range: AUD 0.065
Discount Per Security: AUD 0.0039
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Aug 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CEO, MD & Director Brett Hazelden was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.94m market cap, or US$3.11m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Duyuru • Feb 12
OD6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.17 million. OD6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.17 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,000,000
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Feb 03
OD6 Metals Limited Announces Step Down of Wayne Bramwell as Non-Executive Chair OD6 Metals Limited announced that Mr. Wayne Bramwell has stepped down as Non-Executive Chair of the Company, retiring from the Board effective 31 January 2025 due to increasing commitments associated with his executive and industry
body commitments. Founding Chair and current Non-Executive Director Darren Holden will reassume the Non-Executive Chair role of the Company. Duyuru • Jan 15
OD6 Metals Limited (ASX:OD6) and Gulf Creek Copper Pty Ltd completed the acquisition of Historic Gulf Creek Copper Project from Jonathan Downes. OD6 Metals Limited (ASX:OD6) and Gulf Creek Copper Pty Ltd agreed to acquire Historic Gulf Creek Copper Project from Jonathan Downes on October 30, 2024. A cash consideration of comprising of non-refundable cash deposit of AUD 0.05 million and AUD 0.15 million to the Seller in immediately available funds to be paid by the buyer. The consideration also consists of 6 million common equity of OD6 Metals to be issued for assets of Historic Gulf Creek Copper Project. The buyer will also pay an deferred payment of AUD 0.2 million in shares subject to the approval of shareholders of OD6 Metals if, after seeking shareholder approval for the issue of Deferred Consideration Shares, OD6 does not receive the requisite shareholder approval for issue of such OD6 Shares, a cash payment by OD6 AUD 0.2 million to the Seller in immediately available funds.
The transaction is subject to Seller obtaining ministerial approval in accordance with the Mining Act 1992, all other Government Agency consents and approvals and Seller obtaining all Government Agency approvals (including, the approval of a review of environmental factors by the Department) and all applicable heritage clearances reasonably necessary for an initial drilling program. If the above Conditions are not satisfied within 6 months from the date of the Acquisition Agreement, either the Company or the Seller may terminate the Acquisition Agreement.
OD6 Metals Limited (ASX:OD6) and Gulf Creek Copper Pty Ltd completed the acquisition of Historic Gulf Creek Copper Project from Jonathan Downes on January 15, 2025. Duyuru • Nov 01
OD6 Metals Limited (ASX:OD6) and Gulf Creek Copper Pty Ltd agreed to acquire Historic Gulf Creek Copper Project from Jonathan Downes. OD6 Metals Limited (ASX:OD6) and Gulf Creek Copper Pty Ltd agreed to acquire Historic Gulf Creek Copper Project from Jonathan Downes on October 30, 2024. A cash consideration of comprising of non-refundable cash deposit of AUD 0.05 million and AUD 0.15 million to the Seller in immediately available funds to be paid by the buyer. The consideration also consists of 6 million common equity of OD6 Metals to be issued for assets of Historic Gulf Creek Copper Project. The buyer will also pay an earnout/contingent payment of AUD 0.2 million in shares subject to the approval of shareholders of OD6 Metals if, after seeking shareholder approval for the issue of Deferred Consideration Shares, OD6 does not receive the requisite shareholder approval for issue of such OD6 Shares, a cash payment by OD6 AUD 0.2 million to the Seller in immediately available funds.
The transaction is subject to Seller obtaining ministerial approval in accordance with the Mining Act 1992, all other Government Agency consents and approvals and Seller obtaining all Government Agency approvals (including, the approval of a review of environmental factors by the Department) and all applicable heritage clearances reasonably necessary for an initial drilling program. If the above Conditions are not satisfied within 6 months from the date of the Acquisition Agreement, either the Company or the Seller may terminate the Acquisition Agreement. Duyuru • Oct 01
OD6 Metals Limited, Annual General Meeting, Nov 27, 2024 OD6 Metals Limited, Annual General Meeting, Nov 27, 2024. Duyuru • Sep 14
Odette Six Metals Limited ORDINARY FULLY PAID to Be Deleted from OTC Equity Odette Six Metals Limited ORDINARY FULLY PAID (Australia) will be deleted from OTC Equity effective September 13, 2024, due to Inactive Security. New Risk • Sep 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.8m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.28m market cap, or US$3.51m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Board Change • Sep 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Piers Lewis is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Aug 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.28m market cap, or US$3.55m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Duyuru • Aug 09
OD6 Metals Limited Appoints Wayne Bramwell as Independent Non-Executive Chair OD6 Metals Limited advised that experienced mining executive, Mr. Wayne Bramwell has joined the Company's board of directors and will serve as Independent Non-Executive Chair. Wayne is an experienced mining executive/director with a background in metallurgy and mineral economics. Wayne has considerable project, corporate and MA expertise across precious and base metals companies spanning nearly three decades. Wayne is currently the Managing Director of ASX and TSX listed, +400,000 oz per annum gold producer Westgold Resources Ltd. and previously the Group Business Manager at the Creasy Group. As part of the transition, founding Chair, Dr. Darren Holden will transition to a Non-Executive Director role and will remain as a geological advisor to the Company. Duyuru • Apr 09
OD6 Metals Limited, Annual General Meeting, May 09, 2024 OD6 Metals Limited, Annual General Meeting, May 09, 2024, at 09:00 W. Australia Standard Time. Location: Level 1, 50 Kings Park Road West Perth Australia Agenda: To consider ratification of agreement to issue Placement Shares; and to consider approval to issue New Options to Lead Manager. New Risk • Apr 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.27m market cap, or US$6.11m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Duyuru • Mar 27
OD6 Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.985915 million. OD6 Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.985915 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,084,507
Price\Range: AUD 0.07 Duyuru • Mar 26
OD6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. OD6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,126,761
Price\Range: AUD 0.071
Discount Per Security: AUD 0.00426
Transaction Features: Subsequent Direct Listing New Risk • Jan 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.3m market cap, or US$9.43m). New Risk • Oct 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$16.9m market cap, or US$10.7m). New Risk • Oct 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.4m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$15.4m market cap, or US$9.86m). Duyuru • Oct 05
OD6 Metals Limited, Annual General Meeting, Nov 23, 2023 OD6 Metals Limited, Annual General Meeting, Nov 23, 2023, at 09:00 W. Australia Standard Time. Board Change • Jun 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Piers Lewis is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 17
OD6 Metals Limited Announces Commencement of Drilling at its Grass Patch Project OD6 Metals Limited announced that drilling has commenced at its Grass Patch Project, which is considered prospective for clay hosted rare earth element (REE) mineralisation. The Grass Patch Project is a 2,248km2 tenement package located approximately 50 to 100km north of Esperance, Western Australia. The area has historical exploration undertaken focused on gold with no sampling conducted for REE in the saprolite zone (prospective for clay hosted REEs). Accordingly, the Grass Patch Project is considered an early-stage exploration project prospective for REE as defined by soil geochemistry and water bore anomalies. The initial 95 hole AC drill program has been designed initially based on regional anomalies and water bore assays in the area that have shown the presence of elevated rare earth elements in the ground water. The program has been further refined utilising the recently completed Airborne Electromagnetic Survey (AEM) which has highlighted prospective clay basin areas, shown in yellow, red and pink in Figure 2 below. Results from the program will provide an initial insight of where to focus future drilling programs based on grade, depth and thickness of mineralised areas. The Tempest Airborne Electromagnetic Survey was completed over the Grass Patch Projects to the north of Esperance during October and November 2022. The AEM survey aimed to identify and map clay location, expanse, depth and thickness across OD6's tenement areas utilising discovery and processing techniques evaluated in conjunction with the CSIRO. The program consisted of 11,500 line km flown between 400m and 800m line-spacing in a west to east direction at Grass Patch. Collected data will be analysed and used to map sub-surface electrical conductivity of rocks and soils. Higher electrical conductivity can indicate rock layers that are clay rich, hold salt water or contain sulphide mineralisation. Low electrical conductivity can indicate zones of non-conductive rock (e.g. granite), sand or fresh water. On OD6 tenements, this technique is used to map conductive clay horizons. To date, the Company has received preliminary conductivity images from the contractor. Preliminary results outlined in this announcement pertain to the Grass Patch Project area with further data processing, analysis and modelling to occur during the first quarter of 2023. Completion of the Air Core drilling program is currently scheduled for early February 2023. Subject to laboratory processing times, assays are expected to be received in first quarter of 2023. Southern Geoscience Consultants have been contracted to process the final AEM data and conduct 3D modelling to assess for depth from surface to top of clays and clay thickness. Full analysis of the AEM data will be completed during first quarter of 2023. Duyuru • Dec 01
OD6 Metals Limited Reports Final Assay Results from the Recently Complete Drilling Campaign At Its Splinter Rock Project OD6 Metals Limited reported final assay results from the recently completed drilling campaign at its Splinter Rock Project northeast of Esperance in Western Australia. Splinter Rock contains widespread, thick, high-grade clay hosted rare earth element (REE) mineralisation. Highlights: Excellent assay results continue to be reported from the completed 179-hole program; Further extensions of high-grade clay-hosted rare earths confirmed; Grades up to 3,862 ppm Total Rare Earth Oxides (TREO); Two additional prospects defined, in addition to the original four significant prospects previously reported; Scrum and Prop Prospects significantly expanded in multiple directions and on additional perpendicular and/or parallel drill lines, each prospect extends between 6 x 4km and 13 x 5km respectively; High value Nd+Pr oxides (NdPr) represent an average of 19.1% of TREO grade; High value Magnet Rare Earth Oxides represent an average of 20.9% of TREO grade; Heavy Rare Earth Oxides represents an average of 14.4% of TREO grade; Extensive clay thickness for the Prospects which vary between 10-30m and up to 80m; 52% of holes assayed included in this report have grades greater than 750ppm TREO; All assays using 4-acid soluble digestion (i.e. does not assay for resistate non-acid soluble REE minerals); All mineralised assay results have been received for the completed 179-hole program. Significant high-grade clay-hosted rare earth intersections include: 17 metres at 2162ppm TREO (25% Magnet REO) from 15 metres (SRAC0091); 29 metres at 1842ppm TREO (20.7% Magnet REO) from 57 metres (SRAC0081); 21 metres at 1273ppm TREO (23.4% Magnet REO) from 24 metres (SRAC0082); 30 metres at 1203ppm TREO (21% Magnet REO) from 30 metres (SRAC0063) including, 18 metres at 1510ppm TREO (20% Magnet REO) from 30 metres, and 6 metres at 909ppm TREO (21.4% Magnet REO) from 54 metres; 39 metres at 1171ppm TREO (24.1% Magnet REO) from 48 metres (SRAC0094) including, 6 metres at 1390ppm TREO (17.5% Magnet REO) from 48 metres, and 27 metres at 1243ppm TREO (26.2% Magnet REO) from 60 metres; 39 metres at 1060ppm TREO (22% Magnet REO) from 24 metres (SRAC0080); 48 metres at 943ppm TREO (24.4% Magnet REO) from 30 metres (SRAC0070) including, 27 metres at 1188ppm TREO (25.3% Magnet REO) from 36 metres, and 6 metres at 1124ppm TREO (23.8% Magnet REO) from 72 metres; 20 metres at 1030ppm TREO (21.3% Magnet REO) from 6 metres (SRAC0122); 23 metres at 897ppm TREO (23.3% Magnet REO) from 21 metres (SRAC0087) including, 11 metres at 1368 ppm TREO (23.3% Magnet REO) from 33 metres; 21 metres at 858ppm TREO (23.4% Magnet REO) from 27 metres (SRAC0073) including, 12 metres at 1075ppm TREO (23.7% Magnet REO) from 36 metres; 54 metres at 762ppm TREO (21.7% Magnet REO) from 3 metres (SRAC0152) including, 9 metres at 1889ppm TREO (21.5% Magnet REO) from 9 metres, and 3 metres at 1389ppm TREO (24.3% Magnet REO) from 39 metres; 22 metres at 741ppm TREO (22.1% Magnet REO) from surface (SRAC0123) including, 3 metres at 1036ppm TREO (21.4% Magnet REO) from 6 metres, and 6 metres at 1098ppm TREO (21.4% Magnet REO) from 15 metres; 66 metres at 607ppm TREO (20.7% Magnet REO) from 42 metres (SRAC0141) including, 3 metres at 971ppm TREO (22.1% Magnet REO) from 48 metres. Duyuru • Nov 10
OD6 Metals Limited Announces Outstanding High-Grade Clay Rare Earths with Large Thickness over Extensive Areas Confirmed at Splinter Rock OD6 Metals Limited reported initial assay results from the recently completed drilling campaign at its Splinter Rock Project northeast of Esperance in Western Australia. Splinter Rock contains widespread, thick clay hosted rare earth element (REE) mineralisation. Four prospects have been identified from the initial assay results that each span an extensive 4 to 7 km in drilled length (equivalent of more than 40 lengths of the MCG) for each Prospect, which lie interspersed between the granite outcrops. Extensive clay vertical thickness generally vary between 10-30m and up to 80m, and start in the near-surface. All four prospects include holes with grade x interval greater than 20,000 (ppm TREO metres) representing significant accumulations of mineralised clay-hosted rare earth deposits. All zones are open orthogonal to drill lines and are anticipated to extend laterally over several kilometres. Cross sections for each deposit are provided on pages 9 to 11. The four prospects are named: Scrum Prospect, Centre Prospect, Flanker Prospect, Prop Prospect. Assay results have been received for 65 holes of the completed 179-hole program. All assays were undertaken using 4-acid soluble digestion, so do not return results for resistate non-acid soluble REE minerals. Assays received from 32 of the 65 holes have returned significant TREO grades and thickness using a 750ppm cut-off grade with clay thickness intervals up to 33m. Magnetic Rare Earth Oxides make up an average of 22.5%, with Critical Rare Earth Oxides averaging 24.2% plus Heavy Rare Earth Oxides averaging 10.7%. Assays received from 47 of the 65 holes have returned significant TREO grades and thickness using a 300ppm cut-off grade with clay thickness intervals ranging up to 80m. Magnetic Rare Earth Oxides make up an average of 22.2%, with Critical Rare Earth Oxides averaging 24.2% plus Heavy Rare Earth Oxides averaging 11.2%. The Scrum Prospect extends for approximately 6 km along a northwest-southeast drill line and is yet to be constrained to the northeast and southwest. Clay hosted rare earth are located in thick areas of the prospect and vary between 12 to 33m with TREO assay values up to 1565ppm at a 300ppm cut off grade. The prospect contains a shallow amount of transported cover and saprolitic clays of approximately 20 to 25m above the clay hosted rare earth areas as detailed in the following cross section. The Centre Prospect extends for approximately 5 km along a northwest-southeast drill line and is yet to be constrained to the northeast and southwest. Clay hosted rare earth are located in thick areas of the prospect and vary between 10 to 30m with TREO assay values up to 2287ppm at a 300ppm cut off grade. The prospect contains a shallow amount of transported cover and saprolitic clays of approximately 20m above the clay hosted rare earth areas as detailed in the following cross section. The Flanker Prospect extends for approximately 4 km along a northwest-southeast drill line and is yet to be constrained to the northeast and southwest. Clay hosted rare earth are located in thick areas of the prospect and vary between 20 to 30m with TREO assay values up to 1623ppm at a 300ppm cut off grade. The prospect contains a shallow amount of transported cover and saprolitic clays of approximately 5-15m above the clay hosted rare earth areas as detailed in the following cross section. The Prop Prospect extends 5 km to the northwest-southeast and 7km to the northeast-southwest on drill lines. Clay hosted rare earth are located in thick areas of the prospect and vary between 10 to 80m with TREO assay values up to 1400ppm at a 300ppm cut off grade. The prospect contains a variable amount of transported cover and saprolitic clays of approximately 0 -27m above the clay hosted rare earth areas as detailed in the following cross section. The Splinter Rock Project is a 2,579km2 tenement package located approximately 150km northeast of Esperance, Western Australia. The Splinter Rock clay-hosted REE mineralization is currently inferred to be a mobilised weathering product of the REE enriched Booanya granite suite (as shown in pink in Figure 10 below). Based on historic work and compilation of target geology (as presented in the Company's prospectus dated 20 June 2022), the target area at Splinter Rock covers over 40 x 60km, making this one of the largest known clay-hosted REE target areas in Australia, equivalent to the area of the Australian Capital Territory. The completed program comprised: 179 aircore holes; 5,862m drilling; Average depth of 32.7m; Drill spacing between 200m, 400m and 800m; Drilling along two perpendicular traverses plus an area of intense drilling near the geographic location of Splinter Rock totaling over 100km in length; A small number of planned drill holes were not completed due to poor access conditions, or intersected silcrete layers in the near surface preventing drilling into lower saprolite. Duyuru • Oct 17
Od6 Metals Limited Commences Airborne Electromagnetics Survey OD6 Metals Limited (OD6 or the Company) advised that an airborne electromagnetic survey has commenced at both its Splinter Rock and Grass Patch Projects in the Esperance region of Western Australia. Both Projects are considered prospective for clay hosted rare earth elements (REEs). Survey aims to identify and map clay locations, expanse, depth and thickness Over 4,600 km2 of tenement area to be surveyed 13,450 line km electromagnetic survey to be flown at 400m spacings This will enable future targeted drilling of high priority exploration areas Survey to be completed during October with analysis of data to be completed in Fourth Quarter 2022 The Airborne Electromagnetic Survey will be flown across both the Splinter Rock Project and Grass Patch Project, which are located to the north and northeast of Esperance, Western Australia. The survey, to be undertaken by Xcalibur Multiphysics, will use the Tempest airborne electromagnetic (AEM) survey system. AEM surveys map the electrical conductivity of the subsurface. The system consists of a transmitter loop fitted to a fixed wing aircraft, with a receiver bird that is towed along behind the aircraft. As the aircraft flies along a pre-determined flight path, the system transmits a signal into the ground with the receiver then measuring the response of the returned signal. This recorded information maps the conductivity of the subsurface, which can be modelled to infer clay thickness. The survey will be flown at 400m spacing and will total 13,450 line km. Resulting Tempest Electromagnetic data can be used to map the electrical conductivity of rocks and soils below ground. Where electrical conductivity is high, it can indicate rock layers containing salt water or those which are clay rich or contain sulphide mineralisation. Where electrical conductivity is low, it can indicate zones of non-conductive rock, sand or fresh water. The key outcome of the survey is to identify and map clay locations, expanse, depth and thickness across OD6's current tenement areas. The mapping of clays will then enable targeted drilling of high priority exploration areas over the next 6 to 18 months. Completion of the airborne electromagnetic survey is currently scheduled for late October 2022. Analysis of the data will be completed during Fourth Quarter 2022. Duyuru • Oct 03
OD6 Metals Limited Completes Drilling at Splinter Rock Project OD6 Metals Limited announced that drilling has been completed at its Splinter Rock Project. Splinter Rock hosts widespread clay rare earth element (REE) mineralisation. Target Mineralisation: The Splinter Rock Project is a 2,579km2 tenement package located approximately 150km northeast of Esperance, Western Australia. The Splinter Rock clay-hosted REE mineralisation is currently inferred to be a mobilised weathering product of the REE enriched Booanya granite suite. Based on historic work and compilation of target geology, the target area at Splinter Rock covers over 30 x 60km, making this one of the large known clay REE target areas in Australia. Drill Program Achievements: The completed program accomplished: 179 aircore holes; A total of 5,862m drilled; Average depth of 32.7m; Drill spacing varied between 200m, 400m and 800m; Drilling was completed along 2 perpendicular traverses plus an area of intense drilling near the geographic location of Splinter Rock totaling over 100km in length; A small number of planned drill holes here not completed due to poor access Conditions. Thick Clay Intersections: From previous work, the thick zones of saprolite clays have the potential to host rare earth mineralisation. The newly completed drilling at Splinter rock has continued to confirm the existence and continuity of the thick saprolite clay horizons which are interspersed between granite outcrops and bedrock in the area. The Company is currently compiling and reviewing all the drill hole logging data recorded over the last month to enable detailed mapping of clay depth and thickness, with future cross sections to be released to the market which will detail thickness of transported covering, thickness of saprolite clays and depth to basement. Program Timeline: Subject to laboratory processing times, assays are expected to be progressively received commencing in late October 2022. Historical exploration: Historically a 30km drill transect of air core drilling traversed the Splinter Rock tenure at between a 2km and 4km spacing. A number of holes intersected an enriched REE saprolite clay zone between 5m and 37m in thickness. Duyuru • Aug 29
OD6 Metals Limited Commences Drilling At Its Splinter Rock Project OD6 Metals Limited advised that drilling has commenced at its Splinter Rock Project. Splinter Rock hosts widespread clay rare earth element (REE) mineralisation. Highlights: Initial Aircore (AC) drilling program commenced at Splinter Rock - Program targets historic high-grade rare earth intercepts - Planned 192-hole program with spacing varying between 200m, 400m and 800m - Initial drilling program expected to be completed during October 2022 - Assay results anticipated to be progressively available commencing in fourth quarter of 2022. Historical exploration: The Splinter Rock Project is a 2,579km tenement package located approximately 150km northeast of Esperance, Western Australia. Historically a 30km drill transect of air core drilling traversed the Splinter Rock tenure at between a 2km and 4km spacing. A number of holes intersected an enriched REE saprolitic zone between 5m and 37m in thickness. Target Mineralisation: The Splinter Rock clay-hosted REE mineralisation is currently inferred to be a mobilised weathering product of the REE enriched Booanya granite suite and is potentially comparable to clay hosted REE deposits currently mined primarily in China. Based on historic work and compilation of target geology (as presented in the Company's prospectus dated 20 June 2022), the target area at Splinter Rock covers over 30 x 60km, making this one of the largest known clay REE target areas in Australia. The project is blessed with excellent infrastructure including proximity to port of Esperance, significant future renewable energy resources and accessible by road. The Splinter Rock project is <10% private farm-land. The Company respectfully acknowledges the Ngadju and Esperance Tjaltjraak Peoples of the land and waters upon which the company's exploration is focused. Planned 192 hole drill program: The initial 192 hole AC drill program has been designed as infill drilling between the historic holes in the area. Drill spacing is planned for 200, 400 and 800m intervals and to a depth of between 5 and 50m, dependent on weathering profile. The prospective horizon is the basal saprolite zone where REEs accumulate in clays. A total of 6,500 to 7,000m of drilling is expected. Program timeline: Completion of the Air Core drilling program is currently scheduled for late October 2022. Subject to laboratory processing times, assays are expected to be progressively received commencing in second quarter of 2022. Duyuru • Aug 27
OD6 Metals Limited, Annual General Meeting, Oct 26, 2022 OD6 Metals Limited, Annual General Meeting, Oct 26, 2022, at 14:00 W. Australia Standard Time. Duyuru • Jul 12
OD6 Metals Limited Announces Drill Preparations Complete At Splinter Rock OD6 Metals Limited advised that preparations for the upcoming drilling campaign at Splinter Rock are complete. The Splinter Rock Project hosts widespread clay-hosted rare earth element (REE) mineralisation. In conjuction with its local earthworks contractor, OD6 has completed all required exploration track upgrades and drill pad activity ahead of the upcoming maiden drill campaign. Works span two existing perpendicular tracks and several branch drill-lines. The NW track was previously utilised for the historical drilling program, which identified considerable clay-hosted REE mineralisation in the area. The second track, being a Shire of Esperance road, has not yet been tested with drilling, yet transects across potential clay zones related to the REE bearing granites. These are interpreted to be the potential source of REE in the district. The Shire of Esperance has provided approval for drilling to be undertaken within the road reserve. The 192 hole air core drill program has been partially based on infill drilling between the historic holes in the area (shown on the map above and in cross section below). Drill spacing is planned for 200, 400 and 800m intervals and to a depth of between 5 and 50m. The prospective horizon is the basal saprolite zone where REEs accumulate in clays. A total of 6,500 to 7,000m of drilling is expected. OD6 has completed two heritage surveys with the Ngadju Traditional Owners and associated Ngadju Native Title Aboriginal Corporation representatives. Drill areas have been cleared for work to proceed. OD6 has awarded contracts for the aforementioned work at the Splinter Rock Project, withdrilling scheduled to commence on site in the last week of July. The initial program is anticipated to take between 3 to 5 weeks, with samples to be batched and sent for assay at a Perth laboratory. The Company advises that Exploration Manager, Tim Jones, has relocated to Esperance and has commenced working in the local community with suppliers and contractors. OD6 sees this as an important engagement step in anticipation of upcoming exploration activities at the Splinter Rock and Grass Patch Projects. Duyuru • Jun 23
OD6 Metals Limited Announces Appointment of Mitch Loan as Director OD6 Metals Limited announced appointment of Mitch Loan as Director. Date of appointment 12 April 2022. 