OD6 Metals Limited (ASX: OD6) is advancing the Gulf Creek Copper Project in northern New South Wales, a historically mined, high-grade copper system. The Company has completed a Downhole Electromagnetic (DHEM) survey to support its recent diamond drilling program and improve targeting beneath historic workings. This OD6 Metals update is one that should be closely monitored as they update what is happening at Gulf Creek. As explorers in this modern age go back to the historical projects, the use of new techniques that help economise the cost of mineral exploration may be the catalyst for potential discoveries. As metal prices continue to move upwards with momentum, this will be a good form of exposure for investors. Granted that there is never a sure bet on discovery, but what I have learnt as an investor with wisdom, is that you realise that unless you are on the ride, you will never feel the pain of despair nor the euphoria of success. Highlights – Off-Hole Conductors Support Fault-Offset Copper Model DHEM survey completed across six drill holes using four surface EM loops at Gulf Creek (Figure 1). Figure 1: Gulf Creek DHEM Survey Design (source: OD6 Metals Limited). A strong off-hole conductor identified approximately 75 metres beyond the end of hole GDD010, beneath historic workings (Figure 2). Figure 2: Cross-section SE–NW across Gulf Creek showing DHEM plate conductors (source: OD6 Metals Limited). Geological reinterpretation suggests a potential fault offset of historic high-grade copper lodes rather than termination of mineralisation. DHEM results at the Northwest Target indicate a possible additional conductor, subject to further geological review (Figure 3). Figure 3: Plan view of OD6 Drilling completed to date overlain on 1st vertical derivative of magnetics with the priority targets Big Bend, North West, West Limb and the historic Gulf Creek Mine (source: OD6 Metals Limited). Drill assay results from the recent diamond drilling program are pending. OD6 is fully permitted for an additional 25 drill holes at Gulf Creek to follow up identified targets. Leadership Commentary Managing Director of OD6 Metals Limited, Brett Hazelden commented: “The DHEM survey and subsequent modelling has provided confidence that there are significant undiscovered accumulations of mineralization proximal to the historic high-grade copper mine at Gulf Creek. Both our near-mine drilling and historic records indicate the presence of high grade copper, and this combined with the increased knowledge of mine-stratigraphy and the newly identified conductor located beyond end-of-hole, strongly suggests there is a structural fault off-set of the main lode. With drilling now logged and geological understanding significantly advanced, we believe this conductor represents a high-priority target at depth and reinforces the prospectivity of the project.” Near-term Milestones for OD6 Metals at Gulf Creek to Watch Receipt of assay results from the completed diamond drilling program. Integrated interpretation of DHEM data with geology, surface geochemistry, and geophysics. Design of follow-up drill holes to test identified off-hole conductors. Advancement of priority targets ahead of the next drilling phase. Samso Concluding Comments The OD6 Metals Limited's Gulf Creek Project is a historically high-grade copper system with limited modern exploration. The identification of a strong conductor beyond the end of hole GDD010 suggests mineralisation may continue outside the historic mine footprint. What that means is that it looks to support a fault-offset or stacked lode model rather than depletion. From a new exploration area, the DHEM results at the Northwest Target is looking to introduce an additional area of interest. This will create additional area to play along the current main focus of exploration activities. With assays pending and drilling approvals already in place, the waiting game is on for OD6 to potentially position itself from interpretation to testing. Market Implication - The Investor Lens The reappreciation journey for OD6 Metals (Figure 4) has been slowly moving since August 2025 and the recent fall is interesting for potential investors. Shareholders of the stock would have been happy over that time but the recent fall may simply be due to the precious metal price volatility action. Figure 4: OD6 Metals share price chart as of 2nd February 2026 (source: commsec). I think that the journey for OD6 Metals is only beginning and a good result from the survey and future drilling will be positive. With a current market capitalisation of just over AUD $12M, I think for potential investors, it is still a reasonable position to do a SamsoDYOR. The Samso Way – Seek the Research Here at Samso, we pride ourselves on delivering content for investors that is independent and informed by over three decades of experience in the industry. Our content is well-researched and is only created if I see merit in discussing the company's story. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Never bite off more than you can chew is my parting comment. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer, or solicitation to subscribe for, purchase, or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Download eBook If you find this article informative and useful, please help me share the information. I try to write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation sees the benefit of what Samso is trying to achieve and has a need to share your journey, please contact me at noel.ong@samso.com.au. About Samso Samso is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

OD6 Metals Limited (ASX: OD6) has released an update on the ongoing development work at its flagship Splinter Rock Rare Earth Project in Western Australia (Figure 1). The announcement, dated 2 September 2025, confirms significant flowsheet improvements designed to enhance project economics, reduce operating costs, and provide long-term flexibility for downstream processing. Figure 1: Splinter Rock Rare Earth Project (source: OD6) At the centre of this update is the confirmation of a Chlor-Alkali Facility (CAF) as part of the process design. This inclusion represents a step-change for the project, delivering reagent cost savings and unlocking pathways for the potential production of high-value separated rare earth oxides Key Highlights - Building a Rare Earths Project. Chlor-Alkali Facility (CAF) (Figure 2): The CAF will allow onsite production of hydrochloric acid (HCl) and sodium hydroxide (NaOH), eliminating costly transport of liquid reagents from Perth (~800km). This materially reduces logistics costs and environmental footprint. Figure 2: BICHLOR™ Electrolysers (source: OD6) Feedstock Advantage: Western Australia’s abundant solar sea salt (NaCl), alongside water and energy, will be utilised as the primary input for the CAF. This provides a secure and low-cost reagent supply. Cost Savings & Economics: The capital outlay for a CAF unit (~A$6M) is considered modest relative to the significant long-term operating cost reductions. Vendor data suggests each electrolyser could support processing up to 5–6Mtpa of ore, producing ~62ktpa HCl and ~69ktpa NaOH. Product Quality: High-quality Mixed Rare Earth Hydroxide (MREH ~59% TREO) has already been demonstrated using onsite NaOH as the precipitation agent. Benchmark payability ranges between 70–85% of REO basket value. Future Flexibility: The CAF positions OD6 for the potential selective production of Nd, Pr, Dy and Tb oxides via a chloride-based solvent extraction process, enabling 100% payability for these critical magnet rare earths. Strategic Importance The CAF provides more than just cost savings—it adds strategic security. By producing reagents onsite, OD6 reduces dependency on third-party suppliers, secures its chemical inputs, and lowers the carbon footprint of operations. Additionally, ANSTO’s metallurgical testwork has confirmed a robust multi-stage pathway including heap leach, nanofiltration, ion exchange, impurity removal, and precipitation (Figure 3). This process consistently recovers and upgrades Nd, Pr, Dy, and Tb, which collectively represent the most valuable subset of the REE basket. Figure 3: Indicative Processing Steps (source: OD6) Next Steps OD6 has outlined the following forward program: Optioneering Study: Ongoing review of testwork and competing flowsheets with CPC Engineering and ANSTO to identify the most scalable and cost-effective pathway. Drilling Program: A diamond drill campaign commencing in September to provide 1.5–2.5 tonnes of REE-bearing material for ANSTO’s bulk-scale testwork. Bulk Testing: Scale-up heap leach and impurity removal tests, producing ~1kg of MREC for sample distribution and offtake discussions. Engagements: Continued discussions with potential offtake partners, government stakeholders, and financiers. Managing Director Brett Hazelden commented: “The study conducted, in collaboration with CPC Engineering, confirms that the use of a Chlor-Alkali Facility (CAF) to produce our reagent needs onsite will add substantial value at Splinter Rock. The modest capital cost is strongly outweighed by the substantial savings in operating costs, driving a significant uplift in project economics. Importantly, having a CAF on site not only reduces operating costs but also unlocks strategic flexibility, providing the two critical reagents required for a chloride-based Solvent Extraction process capable of selectively producing Nd, Pr, Dy and Tb oxides. This outcome would enable 100% payability for those high-value products. The Optioneering process is well advanced, benchmarking multiple technically viable flowsheets to determine the optimal economic, scalable, and sustainable development path forward.” About OD6 Metals OD6 Metals is an Australian public company focused on critical minerals development, with two key assets: Splinter Rock Rare Earth Project (WA): One of Australia’s largest clay-hosted REE deposits, with an Indicated Resource of 119Mt @ 1,632ppm TREO and an Inferred Resource of 563Mt @ 1,275ppm TREO (~23% MagREE). The project concept is based on heap leach development and long-life potential. Gulf Creek Copper-Zinc VMS Project (NSW): A historically high-grade copper mine where modern exploration has defined new high-grade mineralisation and identified over 10km of untested strike (Figure 4). Figure 4: Plan view of Phase 1 drilling at Gulf Creek Copper (source: OD6) Samso Concluding Comments The latest update from OD6 Metals highlights the significance of flow sheet innovation in the rare earths sector. The integration of a Chlor-Alkali Facility at Splinter Rock is more than just a cost-saving measure – it is a step toward operational independence, environmental efficiency, and product flexibility. For investors, the narrative here is about positioning. Splinter Rock already carries the scale and grade to attract attention, but it is the ability to lower costs and improve payability through technically sound pathways that makes the project increasingly compelling. As we have seen across the rare earths space, those companies that can convert resource size into a practical, low-cost, and scalable operation will define the next generation of supply. The coming months will be telling. Bulk-scale testwork, drilling, and offtake discussions will provide clarity on both technical execution and market appetite. The strategic involvement of ANSTO and CPC Engineering adds credibility, but as always, the proof will come from results delivered and economics confirmed. At Samso, we continue to remind readers that while rare earths remain central to the energy transition narrative, execution risk is real. #SamsoNews is about cutting through the noise and anchoring analysis in evidence. As always – DYOR (Do Your Own Research). The Samso Way – Seek the Research At Samso, the focus is always on grounding analysis in facts rather than headlines. Real value emerges when investors dig deeper, ask the harder questions, and challenge assumptions. In the end, nothing replaces the discipline of doing your own research. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Download eBook If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au. About Samso Samso is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

OD6 Metals Limited (ASX: OD6) has delivered a key milestone at its 100%-owned Splinter Rock Rare Earth Project in Western Australia, producing high-quality Mixed Rare Earth Carbonate (MREC) and Mixed Rare Earth Hydroxide (MREH) with low impurities and strong commercial payability potential (Figure 1). The results, achieved through recent flowsheet developments, confirm Splinter Rock’s capability to produce a premium, magnet-rich rare earth product that meets or exceeds global benchmarks, positioning the project among the top tier of global rare earth ventures. Figure 1: The Splinter Rock Project (source: OD6) Highlights - Is this the Beginning of an Australian Rare Earths Production Story? High-Grade Products: MREC grading ~56% TREO and MREH grading ~59% TREO, produced via a simplified, scalable heap leach and impurity removal flowsheet. +90% of value derived from high-demand Magnetic Rare Earths (Nd, Pr, Dy, Tb). Exceptional Product Quality: Low impurities (Al, Fe, P, Si). Uranium and thorium content below 0.001%, avoiding refinery penalties. Meets or exceeds global MREC/MREH specifications. Commercial Positioning: Benchmark payability typically 70–85% of REO basket value; OD6 positioned for premium rates. Engaging with potential offtake partners in Asia, Europe, and North America. Strategic Advantage: Innovative processing pathway using heap leach, nanofiltration, ion exchange, and impurity control. Partnerships with ANSTO and CPC Engineering to finalise optimal development pathway. Product suited for high-tech defence, electronics, and renewable energy applications. Technical Overview The nine-month metallurgical program, undertaken in collaboration with the Australian Nuclear Science and Technology Organisation (ANSTO), successfully demonstrated a comprehensive, multi-stage process designed to extract and refine high-value rare earth elements from Splinter Rock’s clay-hosted deposits. This work represents a critical advancement in OD6’s processing capabilities, confirming the technical viability of producing premium-grade Mixed Rare Earth Carbonate (MREC) and Mixed Rare Earth Hydroxide (MREH) products. As illustrated in Figure 2, the process integrates heap leaching, nanofiltration, ion exchange, and impurity removal to achieve exceptional product quality with low impurity levels, while maximising the recovery of magnet-rich rare earths essential for high-tech and renewable energy applications. Heap Leaching: Low-acid recovery from rare earth-bearing clays. (refer ASX 16 October 2024) Nanofiltration: Acid recycling and REE concentration. (refer ASX 4 August 2025) Ion Exchange: Enhanced removal of Fe and Al to reduce downstream risk. (refer ASX 7 August 2025) Impurity Removal: Final elimination of deleterious elements. Product Precipitation: Recovery of MREC (via Na₂CO₃) or MREH (via NaOH), followed by washing and drying. Figure 2: Indicative processing steps including Heap Leach, Nanofiltration plus Ion Exchange & Impurity Removal (source: OD6) The high-quality Mixed Rare Earth Carbonate (MREC) product produced from heap leach solutions at ANSTO as part of the Splinter Rock metallurgical program (Figure 3). The image highlights the tangible outcome of OD6’s nine months of testwork, demonstrating the successful precipitation of a saleable, low-impurity rare earth product that meets or exceeds global benchmarks. Figure 3: OD6 Splinter Rock Heap Leach MREC Product produced at ANSTO (source: OD6) Both products showed >55% TREO with magnetic rare earths forming over 90% of value. Low impurity levels, especially <0.001% U+Th, ensure favourable marketability (Figure 4). Figure 4: Impurity Removal Curve showing decreasing Al and Fe concentration as pH is increased (source: OD6) OD6 Metals Next Steps Optioneering Study OD6 Metals has appointed CPC Engineering to conduct an Optioneering Study that will assess several technically viable flowsheet options for the Splinter Rock Project. The study will evaluate each pathway on cost efficiency, recovery rates, scalability, and final product quality to select the optimal development route. Completion is expected this quarter. Offtake Engagement The company is actively engaging with potential offtake partners to evaluate commercial payability for its MREC and MREH products. These discussions are aimed at securing agreements that reflect the premium quality and low impurity levels of Splinter Rock’s output. Scale-Up Testing Plans are in place to scale up heap leach and impurity removal testwork using approximately one tonne of PQ diamond core material. This will enable the production of around one kilogram of MREC, providing multiple samples for optimisation trials, customer assessment, and offtake negotiations. Managing Director Brett Hazelden commented: “This is a significant milestone for OD6 and reinforces Splinter Rock’s potential to become a competitive and scalable producer of high value rare earth products. Our innovative processing pathway – using a combination of nanofiltration, ion exchange and impurity control - has enabled us to produce a high-quality, low-impurity MREC and MREH product that meets or exceeds global benchmarks. This opens the door to a wide range of potential offtake partners and is expected to result in favourable payability. We believe the ability to deliver a high quality, magnet-rich mixed rare earth product from a low-cost leaching system gives us a unique strategic advantage. We look forward to engaging with international separation facilities, end users and governments.” Samso Concluding Comments The significance of these results cannot be overstated. OD6 has finally moved beyond theoretical metallurgy into the production of a saleable, high-value product that ranks competitively on a global scale. Could this news be a sector-changing event, as the market has been struggling to see light at the end of the tunnel for the last 2 years? In a market where quality and impurity levels directly dictate pricing and offtake interest, Splinter Rock’s specifications provide a meaningful competitive edge. This ASX release may be what the market needs to see in regards to the viability of the clay-hosted REE in Australia. The combination of high TREO grades, dominance of magnetic rare earth content, and a processing route designed for scalability places OD6 in a strong position as the rare earth sector continues to attract strategic investment. With downstream engagement now underway, the pathway from testwork to commercial agreements appears tangible and strategically timed. OD6’s ability to produce both carbonate and hydroxide forms offers flexibility to meet diverse customer requirements, an important factor in securing premium contracts. The coming quarters, particularly with the outcome of the Optioneering Study and scale-up testwork, will be pivotal in confirming Splinter Rock’s place as one of the world’s leading clay-hosted rare earth projects. The main obstacle for investors is the belief that OD6 can maintain this level of product quality through scale-up and into production. Investors want to see if Splinter Rock can stand alongside the leading global clay-hosted rare earth projects, offering Australia another strong foothold in a strategically critical supply chain. The Samso Way – Seek the Research At Samso, we believe that every investment decision should be anchored in facts, not hype. Announcements like this one from OD6 Metals show the value of understanding the technical details — from product quality and impurity levels to the steps in the processing pathway. By diving into the data and asking the right questions, investors can separate genuine progress from market noise. The real story is always in the research. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Download eBook If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and has a need to share your journey, please contact me at noel.ong@samso.com.au. About Samso Samso is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Announcement ION EXCHANGE TECHNOLOGY IMPROVES PROCESSING FLOWSHEET AT THE SPLINTER ROCK RARE EARTH PROJECT NANOFILTRATION TECHNOLOGY REDUCES ACID REQUIREMENTS BY OVER 80% AT THE SPLINTER ROCK RARE-EARTH PROJECT OD6 Metals Limited (ASX: OD6) has announced a significant step forward in rare earth processing at its flagship Splinter Rock Rare Earth Element (REE) Project in Western Australia (Figure 1). The integration of Ion Exchange (IX) and Nanofiltration (NF) technologies into the heap leach flowsheet is yielding transformational results—enhancing impurity removal, reducing acid consumption, and increasing recovery efficiency. This innovation not only slashes processing costs but also consolidates Splinter Rock's position as Australia's leading clay-hosted rare earths project. Figure 1: Splinter Rock Project location (source: OD6) Managing Director Brett Hazelden commented: “Our flowsheet development has been led by a clear vision—delivering a high-quality product that meets the needs of global customers. We’ve focused not only on product purity and recovery but also on reducing capital and operating costs to ensure robust project economics.” “Integrating Ion Exchange into our flowsheet allows us to de-risk and improve the impurity removal process, specifically targeting aluminium, iron, uranium and thorium—key drivers of product payability.” “The combined heap leaching and impurity removal process flowsheets that we have tested in conjunction with ANSTO are currently being assessed by CPC Engineering to determine the optimal development pathway.” “It is also pleasing to see the Hon Madeleine King MP discussing Rare Earths at the Diggers and Dealers Mining Forum this week. The innovations of heap leach, nanofiltration and ion exchange strongly position the Splinter Rock Rare Earth Project for potential government support moving forward.” Key Highlights - Rare Earth Processing Creating Value for OD6 Metals Limited. Ion Exchange (IX) Enhances Product Purity IX technology effectively removes iron (Fe), aluminium (Al), uranium (U), and thorium (Th), resulting in a cleaner rare earth product. Nd and Pr recoveries post-impurity removal remain strong at ~75%. Losses of REEs during the IX process are minimal (<1%). Uranium and Thorium Removal Improves Payability ANSTO testing confirms U and Th levels in final product are <0.001 wt%, broadening appeal to global offtake markets and enhancing pricing potential. Acid Reduction through Nanofiltration 84.5% hydrochloric acid (HCl) recovery enables major reduction in reagent use. Acid consumption cut from 37.2 kg/t to ~7.5 kg/t, improving environmental and cost profiles. 94% of REEs retained in the retentate; only 6% in the recycled acid stream. Efficient Heap Leach Recoveries at Inside Centre 79% recovery for Magnetic Rare Earth Elements (MagREE). ~80% for Nd and Pr; 60–70% for Dy and Tb. Recovery trends improve with longer leach durations (80+ days). Optimised Processing and Flowsheet Design Simplified heap leach–nanofiltration–ion exchange–impurity removal circuit. Eliminates high-cost infrastructure like leach tanks and thickeners. Downstream circuit size reduced by 69%, leading to smaller plant footprint and lower CAPEX. Ongoing Engineering Evaluation CPC Engineering is conducting an Optioneering Study to determine the optimal development pathway for Splinter Rock, considering cost, recovery, scalability, and product quality. Processing Innovation at Splinter Rock The incorporation of IX and NF technologies is part of a broader flowsheet evolution aimed at cost-effective and scalable processing. The updated flowsheet (Figure 2) includes: Figure 2: Indicative processing steps including Heap Leach, Nanofiltration, plus Ion Exchange & Impurity Removal (source: OD6). Heap Leach is the foundation—an energy-efficient, scalable approach well suited to the Splinter Rock deposit’s mineralogy. Nanofiltration follows, recovering over 80% of hydrochloric acid, concentrating REEs in the retentate, and significantly reducing downstream processing volume. Ion Exchange plays a key role in selectively removing impurities like Fe, Al, U, and Th while preserving valuable rare earth elements. Impurity Removal is then carried out through a two-stage, pH-controlled precipitation process that improves both product purity and overall REE recovery (Figure 3). The Chemistry: Ion Exchange reduces REE loss and improves IR efficiency. NaOH preferred for pH control: Stage 1 (~3.5), Stage 2 (~4.1–4.4). Final product precipitated at pH 7.1–7.5. ~5% Nd/Pr loss; ~75% overall REE recovery. Dy/Tb optimised at lower pH in future work. Figure 3: Impurity Removal Curve showing decreasing Al and Fe concentration as pH is increased (source: OD6) Finally, Mixed Rare Earth Carbonate (MREC) Precipitation trials are underway to produce a saleable rare earth carbonate or hydroxide product, with results expected to further optimise the final flowsheet. Inside Centre Prospect: Flagship Performance. The Inside Centre area is the current focus of development and metallurgical testing: Indicated Resource: 119Mt @ 1,632ppm TREO. Heap Leach Recoveries: 79% for MagREEs ~80% for Nd & Pr 60–70% for Dy & Tb Long Leach Duration Effect: Ongoing recoveries observed after 80+ days. Low Strip Ratio: Adds to the project’s low-cost profile. Less than 10% of the project area explored, providing significant growth runway. Next Steps OD6 has completed a suite of metallurgical testwork, with final results for the Mixed Rare Earth Product, either as Mixed Rare Earth Carbonate (MREC) or Mixed Rare Earth Hydroxide (MREH) —expected shortly. These outcomes will help confirm product quality and recovery efficiency across the full flowsheet. In parallel, CPC Engineering is progressing an Optioneering Study aimed at selecting the optimal development pathway. This study will weigh cost, recovery, scalability, and product specifications to guide final flowsheet design. Completion is expected within the current quarter. To validate the process at a larger scale, OD6 plans to undertake pilot-scale testing using approximately one tonne of diamond core material. This work will produce kilo-scale quantities of MREC product to support offtake discussions and further optimisation. Further downstream, the company is also assessing options for converting the mixed rare earth carbonate or hydroxide into individual rare earth oxides. This step is critical for aligning final products with market demand and broadening potential customer reach. Technology in Focus: What is Ion Exchange (IX)? IX is a chemical process where ions are exchanged between a liquid and a resin (Figure 4). In the Splinter Rock process: IX removes impurities, eg Fe, Al, U, and Th with high selectivity. Operates at low temperatures and requires minimal energy. <1% of REEs lost in the IX process. This step enables a smaller, more efficient downstream circuit and helps meet strict export requirements. Figure 4: Example of an Ion Exchange system (source: OD6) Technology in Focus: What is Nanofiltration (NF)? NF uses pressure-driven membranes to separate substances by size and charge (Figure 5). In REE processing: It recovers over 80% of HCl. Concentrates REEs in the retentate for further processing. Reduces downstream circuit volume by ~69%. Operates efficiently in remote, modular setups. Figure 5: Example of a Nanofiltration system and the membrane utilised (source: OD6) Samso Concluding Comments The clay-hosted REE story is one that I have been re-following with interest lately. For those who have been following Samso since the first Coffee with Samso with Brett Hazelden, you would know that we have been big fans of the developments of the sector. In our first episode together, I asked Brett to tell us how this clay-hosted REE business works. You can watch that conversation below. OD6 Metals Limited (ASX: OD6) - The Rare Earth Elements Story: The sector has had a terrible two years with REE prices experiencing a steep decline. I have been watching this space closely to see how the outcome of the big US push to have a second train for the REE downstream process. I have been wanting to get content made to follow this process, and companies that have been in this space have been shy to speak out. In fact, several have moved on from this story and are now focusing on other commodities. OD6 Metals may be the last man standing in Australia, and it looks like it continues to lead from the front in redefining the economics of clay-hosted rare earth projects in Australia. The recent news, and I do not claim to understand, may start conversations again. The recent ASX release showing that nanofiltration and ion exchange are now proving their value in both cost reduction and processing efficiency, OD6's Splinter Rock is evolving beyond a resource story—it’s becoming a demonstration of smart engineering and disciplined innovation. Does this mean that while many rare earth developers are still working through the basics, OD6 is advancing into value engineering? According to OD6, the acid recovery rates, high REE retention, and processing simplification are not just theoretical—they’re backed by rigorous ANSTO testing and flowsheet modelling. These are the practical steps that derisk development and add weight to long-term value propositions. What’s especially encouraging is that all of this is being achieved on just a fraction of the tenement footprint. With less than 10% explored and a Tier-1 resource already defined, the growth runway is compelling. The addition of nanofiltration and IX simply improves the project’s scalability and economic integrity. Figure 6: OD6 share price chart as of 7th August 2025. A market capitalisation of AUD $4.65M is making any new input to the business of OD6 very attractive to investors. (source: commsec). The market capitalisation of under AUD $5M will make any value adding to the OD6 very attractive for serious DYOR (Figure 6). As the "Western" narrative of creating a new train of downstream REE processing business work, the refinement of the OD6 REE story will definitely create a First-Mover advantage for the likes of OD6 Metals Limited. Figure 6 shows that there is still a lot of value that can be recovered from its share price highs of 2022. For those tracking Australia’s role in the global rare earths supply chain, Splinter Rock represents more than just a deposit—it’s a test case in how technology and geological advantage can combine to produce low-cost, high-margin production in a geopolitically strategic sector. OD6 is quietly building something significant. The market may not be pricing that in—yet. The Samso Way – Seek the Research In clay-hosted rare earths, success hinges on innovation. OD6’s partnership with ANSTO, emphasis on practical flowsheet engineering, and disciplined testwork progression is a textbook example of how to derisk development. As investors, look to where margins are created, not just in the ground, but in how it's processed. At Splinter Rock, the value is engineered in. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position or particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Download eBook If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and has a need to share your journey, please contact me at noel.ong@samso.com.au. About Samso Samso is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. 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As we prepare to wrap up 2023, what better way to end than to have a fresh Coffee with Samso? Episode 193 is with Brett Hazelden, Managing Director and CEO of OD6 Metals Limited (ASX: OD6). The focus of the Rare Earth story has shifted to the realm of chemistry. It is widely believed that companies will disclose mineral resources large enough to support their operations. However, the cost of the chemistry required to generate revenue and profits remains uncertain. In this episode of Coffee with Samso, Brett Hazelden presents a compelling argument for the OD6 Metals story. The market is currently muddled with confusion regarding the ultimate objective of these clay rare earth projects. Brett, an experienced metallurgist, shares his insights on the downstream process in this must-watch episode of Coffee with Samso. If you're interested in the Rare Earth sector, this is a valuable discussion for you. Samso's Conclusion If you have been following the Samso platform, you may have noticed an increase in Rare Earth stories recently. The rare earth industry is undoubtedly complex and confusing, with a cloud of uncertainty surrounding its future. However, after attending the rare earth conference in Canberra, I can confidently say that my doubts have been cleared. It's important to note that my optimism does not mean the sector is heading for a bull run. Rather, I believe that companies that remain focused on their work and can secure funding will benefit from the strong future demand for rare earths. Securing funding during this period is crucial. In a way, the current market can be seen as a reset for the valuation of rare earths. This is the perfect time to do your own research (DYOR) as an investor. If a commodity boom is on the horizon and rare earth metals are part of that trend, conducting thorough research now will be beneficial. Chapters: 00:00 Start 00:20 Introduction 01:03 2023 recap 03:32 Understanding the chemistry 07:14 Lowering the costs of production 09:45 Discussion about ESG 11:27 What is driving the economics of these clay projects? 15:46 Difference between Australia and South America - grade and processing route? 19:38 Takeaways from the Canberra REECon 26:16 What’s on the cards for 2024? 32:03 Discussion about the rare earth market price 35:14 News flow 36:04 Final thoughts 39:46 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). Download our eBook now About Brett Hazelden Managing Director & Chief Executive Officer BSc, MBA, AICD Mr Hazelden is a Metallurgist who brings over 25 years’ experience serving the Australasian resources industry. His experience includes being a Company Director, Managing Director, CEO, Project Manager, Study Manager and originally a Metallurgist in an operating environment. Mr Hazelden brings a diverse range of capabilities from exploration, project development studies, research and development, project approvals, offtake agreements, equity raising, debt financing plus mergers and acquisitions. He has worked across multiple commodities including potash, gold, copper, zinc, lead, iron ore, tungsten, salt, diamond and now rare earth sectors. Most recently, Brett was the Co-founder and Managing Director/CEO of Kalium Lakes (ASX:KLL). Mr Hazelden was appointed as a Director on 1 April 2022. Mr Hazelden is not considered to be an independent Director as he is engaged in an executive capacity. About OD6 Metals Limited (ASX: OD6) OD6 Metals is an Australian public company with a purpose to pursue exploration and development opportunities within the resources sector. The Company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, about 30 to 150km north of the major port and town of Esperance. The projects are considered prospective for clay rare earth elements (REEs), with the Company’s aim of delineating and defining economic resources and reserves to develop into a future revenue generating operational mine. Clay REE deposits are currently economically extracted in China who is the dominant world producer. Rare earth elements (in particular, Nd and Pr), are becoming increasingly important in the global economy, with uses including advanced electronics, permanent magnets in electric motors and electricity generators (such as wind turbines) and consumer electronics. Why OD6 Metals? Emerging REE major new clay province in WA, potentially competitive with China’s deposits. Dominant land position with over 4,800 km2 Located close to Esperance port, sealed roads and renewable energy infrastructure. Extensive Clay REE in 10 to 37m thick blanket over very large areas . Wide intersections of TREO with excellent Nd-Pr concentrations of 20% Multiple targets for potentially globally significant REE resources. Excellent regional metallurgy. Clay REEs are typically low capital intensity and high margin product. Significant supply shortage forecast due to rapid demand increase for renewable power, electric vehicles and electronics. Critical metals being prioritised by Governments around the world (need for diversity of supply away from China). Samso's investment stories are also featured on Brilliant-Online Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Samso Rooster Talk Episode 71 is with Brett Hazelden, Managing Director and CEO of OD6 Metals Limited (ASX: OD6). The OD6 story is now one step closer to its Holy Grail with the latest announcement. This latest Rooster Talk is a discussion on what the news mean for the company. Could this be an endorsement of the entire Clay Rare Earth sector? The latest News - Hot of The Press. The first conversation I had with Brett Hazelden was on Coffee with Samso with this story - OD6 Metals Limited (ASX: OD6) - The Rare Earth Elements Story.) where my understanding for the Clay Rare Earth sector was initiated. I had to admit I had little foundation then and what I had learnt before was scarce. Now that we have had four lessons with Brett, I am starting to believe that I know this sector. Figure 1: Project locations for OD6 Metals Limited. (source: OD6 Metals) The two projects, Splinter Rock and Grass Patch makes OD6 Metals Limited (Figure 1). The latest announcement is critical as it puts the question of "Can they get the REE out?" I feel that this question would have been on many lips and now it is confirmed. "The current drilling is no longer a guessing game.", Brett Hazelden confidently explains ... The process is now pretty much a step at a time but one has to feel that things are gearing towards the positive. What is important now is using the announced results and moving into the refinement of the process. When Brett talks about the path forward, I feel like there is a fair amount of confidence that OD6 knows what they are expecting. An interesting comment that I remember was that the current drilling is no longer a guessing game. They are expecting results as projected. The geology, which is a common feature in all these type of deposits, are consistent and there are not much variability. This is what Brett has been told by his competent person, who knows the deposit style. What that means is that there will be no surprises from the current drilling program. Brett reminds us that the potential resource in both the projects are going to be big. He says the potential resource will be comparable to that of Ionic Rare Earths Limited (ASX: IXR). There are already similarities and Brett is optimistic that OD6 will be in the same league or larger. He also spoke of comparisons to another peer, Australian Rare Earths Limited (ASX: AR3). What are the Key Points of the Announcement? All system is a go which is the take away point of this Rooster Talk. The much anticipated metallurgical results have come and the results are consistent with OD6's expectations. OD6 now understands the geology and the mineralisation better. The resource building exercise appears to be simpler as management now knows where the better grades and recoveries are located. The potential future resource is going to be big. The scale is not what investors may be used to as the number is going to be big. The simplistic nature of the geology will also mean that the resource definition process will be easier. Samso Conclusion Having the fortune to have followed the OD6 journey for a while has been one of the best feelings of doing this job. I have always said that the business will be on its way forward once some results on the chemistry is known. Although, this is still very early stage, the results from the latest test indicates consistency moving forward. The recovery rates in the 70% range appears to be what management was looking for as a start. The segregation of the impurities in the coarser fragments is fortuitous. The physical separation of the coarser materials forming the fines will simplify the quality control process. I was once told that OD6 had a good project. When I first looked at the company and after doing a few Coffee with Samso and Rooster Talks, I agreed. However, the burning question was still about whether they can process the end product. As I understand from Brett, this is the first step to answering that question with conviction. I think when viewers watch the Rooster Talk, you will feel that there is some level of confidence in his voice. The resource is going to be big and he says, we only need 5% of that. Chapters: 00:00 Start 00:26 Introduction 00:59 Brett introduces the Findings from the announcement. 01:47 The details of the announcement. 06:12 Process of Defining the Quality of the REE End Product. 09:00 The Acid usage Discussion 11:12 Investors Expectations - Comparisons to Peers 14:56 Resource potential of OD6 4 projects. 16:04 Prop Prospect 18:28 It is all about the Stripping Ratio. 18:58 The "Good" Areas. 19:50 The perfect place for a project. 21:43 Market Sentiment - Critical Minerals Demand 23:53 News Flow 25:06 Drilling results should be consistent with previous drilling. 26:42 Easy to resource Clay REE Geology. 27:58 The Results Confirm that OD6 will Work. 28:51 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). Download our eBook now About Brett Hazelden Managing Director & Chief Executive Officer BSc, MBA, AICD Mr Hazelden is a Metallurgist who brings over 25 years’ experience serving the Australasian resources industry. His experience includes being a Company Director, Managing Director, CEO, Project Manager, Study Manager and originally a Metallurgist in an operating environment. Mr Hazelden brings a diverse range of capabilities from exploration, project development studies, research and development, project approvals, offtake agreements, equity raising, debt financing plus mergers and acquisitions. He has worked across multiple commodities including potash, gold, copper, zinc, lead, iron ore, tungsten, salt, diamond and now rare earth sectors. Most recently, Brett was the Co-founder and Managing Director/CEO of Kalium Lakes (ASX:KLL). Mr Hazelden was appointed as a Director on 1 April 2022. Mr Hazelden is not considered to be an independent Director as he is engaged in an executive capacity. About OD6 Metals Limited (ASX: OD6) OD6 Metals is an Australian public company with a purpose to pursue exploration and development opportunities within the resources sector. The Company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, about 30 to150km north of the major port and town of Esperance. The projects are considered prospective for clay rare earth elements (REEs), with the Company’s aim of delineating and defining economic resources and reserves to develop into a future revenue generating operational mine. Clay REE deposits are currently economically extracted in China who is the dominant world producer. Rare earth elements (in particular, Nd and Pr), are becoming increasingly important in the global economy, with uses including advanced electronics, permanent magnets in electric motors and electricity generators (such as wind turbines) and consumer electronics. Why OD6 Metals? Emerging REE major new clay province in WA, potentially competitive with China’s deposits. Dominant land position with over 4,800 km2 Located close to Esperance port, sealed roads and renewable energy infrastructure. Extensive Clay REE in 10 to 37m thick blanket over very large areas . Wide intersections of TREO with excellent Nd-Pr concentrations of 20% Multiple targets for potentially globally significant REE resources. Excellent regional metallurgy. Clay REE’S are typically low capital intensity and high margin product. Significant supply shortage forecast due to rapid demand increase for renewable power, electric vehicles and electronics. Critical metals being prioritised by Governments around the world (need for diversity of supply away from China). Samso's investment stories are also featured on Brilliant-Online Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Coffee with Samso Episode 180 is with Brett Hazelden, Managing Director and CEO of OD6 Metals Limited (ASX: OD6) to explain the highly anticipated Mineral Resource Estimate. As investors gain a deeper understanding of the Rare Earth market, it becomes crucial for companies in this sector to demonstrate progress in their endeavors. The recent release of the mineral resource by OD6 is a significant milestone, as it provides tangible evidence of their commitment to delivering value to shareholders. ASX Announcement 18 July 2023 - Splinter Rock Rare Earth Project Maiden Mineral Resource Estimate - 344MTR @ 1,308ppm TREO at a 1,000ppm cut off. A Recap of the OD6 Metals Limited (ASX: OD6) Story OD6 Metals is a company based in the southern region of Western Australia that specializes in Rare Earths Elements (REE). It is situated just north of the town of Esperance. During the time of this Coffee with Samso interview, the company had a market capitalisation of approximately AUD26M, with a share price of around AUD0.25. OD6 Metals is currently focused on two projects: Grass Patch and Splinter Rock. These projects have undergone drilling campaigns to identify potential resources. The most recent presentation of the company includes Figure 1, which highlights the recent investments made by OD6 Metals. Figure 1: The current investment highlights for OD6 Metals Limited. (Source: OD6 Presentation July 2023) The Word According To Brett Hazelden In this episode of Coffee with Samso, Brett discusses the significance of the Maiden Resource and its role in shaping the OD6 story. The 344Mt @ 1308ppm TREO serves as a baseline for further work in establishing a mining proposition. It is important to clarify that the Rare Earth players in the market are poised to address any misunderstandings or misinformation. One common misconception in the market is the perceived difference between 'Ionic' and 'Non-Ionic' clay REE deposits. In reality, there is no physical noticeable difference between the two types. The only distinguishing factor is their leaching ability. Brett provides a clear explanation of why it is crucial for the market to understand that multiple factors contribute to a leachable product. The economics of the entire process must be taken into consideration. Key Points in the Unlocking of the Downstream Process In my opinion, the main focus of the OD6 Metals story at this stage is the metallurgical aspects of the resource. The recent announcement of the Mineral Resource Estimate (MRE) is a positive step in confirming the existence of the resource and its "good" grade. However, it's important to note that there is still limited factual evidence on the exact grade that will be viable. The choice of a high cut off grade indicates that OD6 recognizes the need for a high grade to make the processing economically feasible. This demonstrates the company's understanding that extracting the resource is not an easy task. Brett's emphasis on the technical challenges involved in extraction is a good sign. During the Coffee with Samso interview, Brett highlights the significance of the high grade nature of the Splinter Rock Resource. In our industry, we often say "Grade is King" for a reason. The chosen cut off grade sets a baseline requirement for OD6 to make the project economically viable. It's commendable that Brett openly discusses the need to balance all parameters, including economics and ESG factors. I appreciate that he doesn't shy away from acknowledging the challenges involved. Lastly, it's worth noting that the current resource of 344MT @1,308ppm TREO represents only 5% of the total potential in the Splinter Rock project. This means that OD6 Metals still has a significant upside and room for growth. Samso Conclusion The OD6 story is work in progress with the potential to achieve great success. Let me explain what I mean by that. In a recent Coffee with Samso episode, Brett highlighted the presence of a valuable resource in Splinter Rock. Not only did he emphasize the abundance of this resource, but he also mentioned that it has one of the highest known resource grades. As the story continues to unfold, the market is still trying to understand the true potential of the "Alluvial" Rare Earth story. It's important to note that this story is still in its early stages, and the final verdict on its success is yet to be determined. There have been comments suggesting that only an "ionic" style would work, and that the "clay" styles would not be effective. However, based on my conversations with various individuals, I strongly believe that the real story will surprise many. What I find intriguing is that investors often perceive the business process as rocket science. However, as many Samso followers know, I like to use food analogies. The process of making money in business is no different from selling pancakes or muffins. The Rare Earth market is now in the spotlight due to the geopolitical situation that demands "Western" sources. This need creates a more realistic opportunity for Esperance to become a region known for Rare Earth production. OD6 is in a prime position to capitalise on this opportunity, thanks to its large resource and high-grade nature. Balancing the leachability and the cost of extraction is a matter of time and careful consideration. It's important for investors to remember that mining is a long-term endeavor, measured in years and decades. Successful individuals like Warren Buffett invest with a long-term perspective, and that's why we often quote them. Chapters: 00:00 Start 00:20 Introduction 01:19 Splinter Rock Mineral Resource 01:55 1000ppm cutoff grade at Splinter Rock 04:40 How should investors look at the Maiden Mineral Resource? 05:55 Is the extraction process the more important discussion? 12:58 The larger the volume, the larger the area? 14:30 How much bigger can the resource get in terms of numbers? 17:49 The challenge of the mining sector 22:22 The geological consistency of the MagREO percentage 23:50 The significance of the hosting base rock in terms of chemistry 24:33 Possibility of grade variability? 26:13 Discussion about the rare earths market 27:19 The cost of mining soft rock and hard rock 29:03 Discussion about the current equity market 31:32 News flow 35:26 Main takeaway about the Maiden Mineral Resource 38:43 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). Download our eBook now About Brett Hazelden Managing Director & Chief Executive Officer BSc, MBA, AICD Mr Hazelden is a Metallurgist who brings over 25 years’ experience serving the Australasian resources industry. His experience includes being a Company Director, Managing Director, CEO, Project Manager, Study Manager and originally a Metallurgist in an operating environment. Mr Hazelden brings a diverse range of capabilities from exploration, project development studies, research and development, project approvals, offtake agreements, equity raising, debt financing plus mergers and acquisitions. He has worked across multiple commodities including potash, gold, copper, zinc, lead, iron ore, tungsten, salt, diamond and now rare earth sectors. Most recently, Brett was the Co-founder and Managing Director/CEO of Kalium Lakes (ASX:KLL). Mr Hazelden was appointed as a Director on 1 April 2022. Mr Hazelden is not considered to be an independent Director as he is engaged in an executive capacity. About OD6 Metals Limited (ASX: OD6) OD6 Metals is an Australian public company with a purpose to pursue exploration and development opportunities within the resources sector. The Company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, about 30 to 150km north of the major port and town of Esperance. The projects are considered prospective for clay rare earth elements (REEs), with the Company’s aim of delineating and defining economic resources and reserves to develop into a future revenue generating operational mine. Clay REE deposits are currently economically extracted in China who is the dominant world producer. Rare earth elements (in particular, Nd and Pr), are becoming increasingly important in the global economy, with uses including advanced electronics, permanent magnets in electric motors and electricity generators (such as wind turbines) and consumer electronics. Why OD6 Metals? Emerging REE major new clay province in WA, potentially competitive with China’s deposits. Dominant land position with over 4,800 km2 Located close to Esperance port, sealed roads and renewable energy infrastructure. Extensive Clay REE in 10 to 37m thick blanket over very large areas . Wide intersections of TREO with excellent Nd-Pr concentrations of 20% Multiple targets for potentially globally significant REE resources. Excellent regional metallurgy. Clay REEs are typically low capital intensity and high margin product. Significant supply shortage forecast due to rapid demand increase for renewable power, electric vehicles and electronics. Critical metals being prioritised by Governments around the world (need for diversity of supply away from China). Samso's investment stories are also featured on Brilliant-Online Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Coffee with Samso Episode 170 is with Brett Hazelden, Managing Director and CEO of OD6 Metals Limited (ASX: OD6). The space in the Rare Earth sector is maturing fast and the understanding of the sector is highly sought after by investors and companies. Brett Hazelden is again, giving us a masterclass on all aspects of the Rare Earth Industry. The Story of OD6 Metals Limited (ASX: OD6) OD6 Metals is all about Rare Earths Elements (REE) in the southern region of Western Australia. It is located just north of the town of Esperance. As we were doing this Coffee with Samso, the market capitalisation of the company was around AUD26M and the share price was sitting around AUD 0.25. The company is focusing on both the Grass Patch and Splinter Rock project which have both undergone drilling campaigns defining potential resources. The most recent announcements have highlighted the recent activities at both projects. Figure 1: Project locations for OD6 Metals Limited. (source: OD6 Metals) The Word According To Brett Hazelden For those readers that have been following the Samso platform, you will know that the last two Coffee with Samso has been in this commodity space. The general specifications of the Rare Earth sector is fundamentally the same. We all know what the metals do and why they are important. As I have said many times, the key to the Clay Rare Earth sector is all about how to solve the downstream processing. The unlocking of this will open a floodgate of opportunities for both investors and companies. What are the Key Points of the Unlocking of the Downstream Process? One of the benefits of talking to so many industry leaders is that I am learning all the recent technologies and thinking processes. What the small cap industry excels in is the ability to think fast and nimble to get the story on track. In the world of Rare Earth, Clay Rare Earth deposits, there is such a thing as "Refractory" and "Free Leaching" deposits. When I heard that, I had a light bulb moment. My first thought was that companies with free leaching clay deposits will be first cap of the "unlocking" process. As everything is so new, this is one way of prioritising which company or what to look for in "stories". There are many other factors but I guess this is a great way to understand what companies have in respect to the geology and the potential of future deposits. Samso Conclusion There is nothing new for OD6 Metals Limited. The path forward is to generate tonnage and grade while they are looking for the answer to the processing part of the equation. The unknown part of the equation is not about the ability to extract the Rare Earths from the clays, as Brett mentioned. The question is what is the process to do this with best practice environmental process that will pass the test of time and the ESG signoff. The biggest asset that OD6 Metals (apart from the obvious) is that the adjacent assets owned by other companies in the region are also facing the same issue and have similar resources. The collective group is making this region a Rare Earth province. I have mentioned previously that my thoughts are that the government conversations indicate to me, that there is a potential of creating a Rare Earth downstream industry in Australia. The current political rhetoric with the rising China Cold War stance may indeed force the Australian government to react and this would be a great occasion for all those involved in the Southern Region of Western Australia. Chapters: 00:00 Start 00:20 Introduction 01:13 Who is OD6? 01:54 How has the Airborne Electromagnetic Survey (AEM) worked for OD6. 03:40 OD6 is more about Size than Depth. 04:36 How has your understanding changed? 07:41 Differences between Grass Patch and Splinter Rock. 10:50 Differentiating Refractory styles to Free Leaching Styles of the REE Clays. 14:25 Are the Chinese more Clay or Ionic styles? 19:00 Can Ionic clay be a major commodity industry? 20:23 How much has the rare earth market changed? 22:15 How does the rare earth market situation translate to the equity market? 23:45 Why OD6? 26:39 Current market 27:53 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). Download our eBook now About Brett Hazelden Managing Director & Chief Executive Officer BSc, MBA, AICD Mr Hazelden is a Metallurgist who brings over 25 years’ experience serving the Australasian resources industry. His experience includes being a Company Director, Managing Director, CEO, Project Manager, Study Manager and originally a Metallurgist in an operating environment. Mr Hazelden brings a diverse range of capabilities from exploration, project development studies, research and development, project approvals, offtake agreements, equity raising, debt financing plus mergers and acquisitions. He has worked across multiple commodities including potash, gold, copper, zinc, lead, iron ore, tungsten, salt, diamond and now rare earth sectors. Most recently, Brett was the Co-founder and Managing Director/CEO of Kalium Lakes (ASX:KLL). Mr Hazelden was appointed as a Director on 1 April 2022. Mr Hazelden is not considered to be an independent Director as he is engaged in an executive capacity. About OD6 Metals Limited (ASX: OD6) OD6 Metals is an Australian public company with a purpose to pursue exploration and development opportunities within the resources sector. The Company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, about 30 to 150km north of the major port and town of Esperance. The projects are considered prospective for clay rare earth elements (REEs), with the Company’s aim of delineating and defining economic resources and reserves to develop into a future revenue generating operational mine. Clay REE deposits are currently economically extracted in China who is the dominant world producer. Rare earth elements (in particular, Nd and Pr), are becoming increasingly important in the global economy, with uses including advanced electronics, permanent magnets in electric motors and electricity generators (such as wind turbines) and consumer electronics. Why OD6 Metals? Emerging REE major new clay province in WA, potentially competitive with China’s deposits. Dominant land position with over 4,800 km2 Located close to Esperance port, sealed roads and renewable energy infrastructure. Extensive Clay REE in 10 to 37m thick blanket over very large areas . Wide intersections of TREO with excellent Nd-Pr concentrations of 20% Multiple targets for potentially globally significant REE resources. Excellent regional metallurgy. Clay REE’S are typically low capital intensity and high margin product. Significant supply shortage forecast due to rapid demand increase for renewable power, electric vehicles and electronics. Critical metals being prioritised by Governments around the world (need for diversity of supply away from China). Samso's investment stories are also featured on Brilliant-Online Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Rooster Talk Episode 67 is with Brett Hazelden, Managing Director and CEO of OD6 Metals Limited (ASX: OD6). When we last spoke on Coffee with Samso Episode 158, Brett gave us a lesson on Rare Earth Elements and how investors should look at this sector. Brett is now showing the proof in the pudding. The recent results are showing the market that OD6 Metals has the asset to make the company a future REE producer. The recent announcement on 10 November 2022 entitled "Outstanding High-Grade Clay Rare Earths with Extensive Areas Confirmed at Splinter Rock" has not set up the company for a lot of attention from investors in the ASX. Brett is narrating this episode to help us understand what all the numbers mean. It is not easy to understand what makes the Rare Earth project tick. However, if you are looking to invest in this sector and you are not playing the "selling dreams" message, then it is best you take notice. "These initial rare earth assay results are outstanding and represent some of the highest grades and thickest clay-hosted rare earth intersections seen in Australia. The extent and consistency of these shallow, high-grade clays have resulted in four significant prospects being identified that are between four and seven kilometers in width which are open in length, on our 2,579km2 Splinter Rock project. More importantly, these drill results validate historic assays, plus they extend the discovery of clay-hosted rare earths across a new drill line perpendicular to the original line. This bodes well for future drilling, which we anticipate will significantly grow the known mineralised area. The Splinter Rock Project, with its proximity to port and renewable energy generation potential, now has the very real potential to be a globally significant, world class group of mineral systems that could be a multigenerational asset as the world transitions to the decarbonised economy. The scale of these clays is hard to comprehend when you start talking multiple kilometers in one direction at a thickness of between 10 to 30m. The potential is massive." Comments by Brett Hazelden 10th November 2022 In a fast moving REE business, there is merit in putting your money into the best option. I always tell people that if you want to take great photos, use a proper camera. The problem with that statement now is that smartphones take great photos too. The difference will then boil down to the photographer's skills. OD6 appears to have great management and the projects are looking to be bulky and substantial. Do Your Own Research and check out this Rooster Talk. Check out the previous Coffee with Samso on REE: OD6 Metals Limited (ASX: OD6) - The Rare Earth Elements Story. Mt Ridley Mines Limited (ASX: MRD) - Why Invest in this REE company? Northern Minerals Limited on the latest on the Rare Earth Market Northern Minerals Ltd (ASX: NTU) and Rare Earths Industry Chapters: 00:00 Start 00:20 Introduction 01:07 Brett updates on the announcement. 01:54 What do your grades mean? 02:56 How does the basement topography affect your project? 03:55 All about the reservoir. 04:18 Has the strike of the project recently been confirmed? 05:19 30km strike is a large prospect. 05:43 Magnetic REO and Critical REO. 07:42 What has OD6 learnt from the recent drilling? 09:19 Is there research on the other REE members? 10:21 Have any "Spanners' or Hurdles" come out of the recent drilling? 11:26 News Flow. 14:05 Is OD6 more attractive now? 14:56 Volume is Important in REE. 15:38 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). Download our eBook now About Brett Hazelden Managing Director & Chief Executive Officer BSc, MBA, AICD Mr Hazelden is a Metallurgist who brings over 25 years’ experience serving the Australasian resources industry. His experience includes being a Company Director, Managing Director, CEO, Project Manager, Study Manager and originally a Metallurgist in an operating environment. Mr Hazelden brings a diverse range of capabilities from exploration, project development studies, research and development, project approvals, offtake agreements, equity raising, debt financing plus mergers and acquisitions. He has worked across multiple commodities including potash, gold, copper, zinc, lead, iron ore, tungsten, salt, diamond and now rare earth sectors. Most recently, Brett was the Co-founder and Managing Director/CEO of Kalium Lakes (ASX:KLL). Mr Hazelden was appointed as a Director on 1 April 2022. Mr Hazelden is not considered to be an independent Director as he is engaged in an executive capacity. About OD6 Metals Limited (ASX: OD6) OD6 Metals is an Australian public company with a purpose to pursue exploration and development opportunities within the resources sector. The Company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, about 30 to150km north of the major port and town of Esperance. The projects are considered prospective for clay rare earth elements (REEs), with the Company’s aim of delineating and defining economic resources and reserves to develop into a future revenue generating operational mine. Clay REE deposits are currently economically extracted in China who is the dominant world producer. Rare earth elements (in particular, Nd and Pr), are becoming increasingly important in the global economy, with uses including advanced electronics, permanent magnets in electric motors and electricity generators (such as wind turbines) and consumer electronics. Why OD6 Metals? Emerging REE major new clay province in WA, potentially competitive with China’s deposits. Dominant land position with over 4,800 km2. Located close to Esperance port, sealed roads and renewable energy infrastructure. Extensive Clay REE in 10 to 37m thick blanket over very large areas. Wide intersections of TREO with excellent Nd-Pr concentrations of 20%. Multiple targets for potentially globally significant REE resources. Excellent regional metallurgy. Clay REEs are typically low capital intensity and high margin product. Significant supply shortage forecast due to rapid demand increase for renewable power, electric vehicles and electronics. Critical metals being prioritised by Governments around the world (need for diversity of supply away from China). OD6 Metals as featured on Brilliant-Online Magazine Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Coffee with Samso Episode 158 is with Brett Hazelden, Managing Director and CEO of OD6 Metals Limited (ASX: OD6). The recent rise in Rare Earth companies has thrown attention into a sector that was largely ignored for over a decade. There were some movement in the station but largely a sector that had no excitement for investors. The geopolitical instability has created what could be a lucrative business for Australia. There is a lot of narration about Australia creating a more value added resource sector. If this were to materialise, this would add fuel to the coming bull market. The is no secret that the world is moving to a future that requires a clean energy path. It is also widely accepted now that to achieve the clean energy that is demanded, there is a need for a lot more minerals. Investors who take stock of the increasing demand and hear about the dwindling stocks will agree that there must be another bull run. In this episode, Brett Hazelden gives us a good lesson about the REE market. I believe that the market does not actually understand the ins and outs of the sector. The results in the announcements are all just numbers. Brett agrees with my comments and hence he has delivered a great episode of Coffee with Samso as he slowly unravels the mystery of the REE market. We have covered a large aspect of the sector you must take time and watch this episode if you want to know about the Rare Earth market. Check out the previous Coffee with Samso on REE: Mt Ridley Mines Limited (ASX: MRD) - Why Invest in this REE company? Northern Minerals Limited on the latest on the Rare Earth Market Northern Minerals Ltd (ASX: NTU) and Rare Earths Industry Chapters: 00:00 Start 00:20 Introduction 01:06 About Brett and OD6 Limited 02:42 What caused the rare minerals rush? 04:54 Rundown of the project 07:22 What is the "Holy Grail" number that will be an economic grade ? 09:22 Are neodymium and praseodymium still the market for rare earths? 10:44 Trends in the geology 13:41 Chemistry and relative comparison of conductivity? 14:50 Possibility of relationship with China? 17:18 The Ionic clays 18:51 Relationship between granites 22:58 What is the difference between Splinter Rock and Grass Patch? 23:54 What other possibilities are there? 24:59 Pegmatites in the granites? 27:01 Marketing the project 29:20 Has there been any initiatives to go and talk to the government? 35:01 What is causing the increase in demand of rare earth minerals? 36:35 News flow 37:37 Why invest in OD6? 38:08 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). Download our eBook now About Brett Hazelden Managing Director & Chief Executive Officer BSc, MBA, AICD Mr Hazelden is a Metallurgist who brings over 25 years’ experience serving the Australasian resources industry. His experience includes being a Company Director, Managing Director, CEO, Project Manager, Study Manager and originally a Metallurgist in an operating environment. Mr Hazelden brings a diverse range of capabilities from exploration, project development studies, research and development, project approvals, offtake agreements, equity raising, debt financing plus mergers and acquisitions. He has worked across multiple commodities including potash, gold, copper, zinc, lead, iron ore, tungsten, salt, diamond and now rare earth sectors. Most recently, Brett was the Co-founder and Managing Director/CEO of Kalium Lakes (ASX:KLL). Mr Hazelden was appointed as a Director on 1 April 2022. Mr Hazelden is not considered to be an independent Director as he is engaged in an executive capacity. About OD6 Metals Limited (ASX: OD6) OD6 Metals is an Australian public company with a purpose to pursue exploration and development opportunities within the resources sector. The Company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, about 30 to 150km north of the major port and town of Esperance. The projects are considered prospective for clay rare earth elements (REEs), with the Company’s aim of delineating and defining economic resources and reserves to develop into a future revenue generating operational mine. Clay REE deposits are currently economically extracted in China who is the dominant world producer. Rare earth elements (in particular, Nd and Pr), are becoming increasingly important in the global economy, with uses including advanced electronics, permanent magnets in electric motors and electricity generators (such as wind turbines) and consumer electronics. Why OD6 Metals? Emerging REE major new clay province in WA, potentially competitive with China’s deposits. Dominant land position with over 4,800 km2 Located close to Esperance port, sealed roads and renewable energy infrastructure. Extensive Clay REE in 10 to 37m thick blanket over very large areas . Wide intersections of TREO with excellent Nd-Pr concentrations of 20% Multiple targets for potentially globally significant REE resources. Excellent regional metallurgy. Clay REE’S are typically low capital intensity and high margin product. Significant supply shortage forecast due to rapid demand increase for renewable power, electric vehicles and electronics. Critical metals being prioritised by Governments around the world (need for diversity of supply away from China). Samso's investment stories are also featured on Brilliant-Online Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

It is good to see that E79 Gold Mines Limited (ASX: E79) has identified several compelling new drill targets at its Laverton South Project. The company has completed a comprehensive regional review and reinterpretation of large-scale geophysical datasets, inspired partly by the recent Lighthorse discovery by neighbour KalGold (ASX: KAL). Announcement: Compelling New Gold Targets Identified at Laverton South Executive Perspective E79’s CEO, Ned Summerhayes, highlighted the strategic timing of this re-evaluation: “This work has generated a number of compelling geophysical targets from both magnetics and gravity, adding to the pipeline of exploration opportunities in this region.” Both Target 1 & Target 2 are scheduled for immediate drilling between May and June 2025, and full assays are also pending from E79’s recently completed 82-hole, 5,871m air-core drilling program west of Lighthorse (Figure 1). Among the high-priority targets: Target 1 sits 3km south of KalGold’s Kirgella Gift resource. It is located in a structurally complex zone, marked by demagnetisation and a northwest-trending fault from reprocessed gravity and magnetic datasets. Target 2 lies in the north of the Lake Yindana tenements and is interpreted as a domal structure, geologically analogous to the nearby Duke deposit in Ramelius Resources’ (ASX: RMS) Rebecca Gold Project. Figure 1. Map of reprocessed and regional magnetics highlighting high-priority drill targets. (source: E79 ASX Announcement 15 May 2025) E79 Gold Mines Laverton South: A Gold Belt with Serious Pedigree The Laverton South Project covers 272km² within the Laverton Tectonic Zone (LTZ) — one of the richest Archean gold belts globally (Figure 2). The LTZ has yielded over 30 million ounces of gold, including: Granny Smith – 5.8Moz Sunrise Dam – 10.3Moz Wallaby – 11.8Moz Figure 2: Image adapted from OzAurum ASX announcement 29 November 2024 demonstrating the proximity of E79 Tenure to Heysen’s Find. (source: E79 ASX Announcement 15 May 2025) Recent developments at Heysen’s Find, just 250m north of E79’s tenements, are also drawing interest. Neighbour OzAurum Resources (ASX: OZM) announced surface rock chip samples returning up to 16.23g/t Au, from historic workings (Figure 2). These lie on a regional structure believed to extend into E79’s ground. E79 previously intersected 12m @ 1.12g/t Au (hole 23LRAC163) along this trend, enhancing confidence in the untapped gold potential. Additional fieldwork and air-core drilling are being planned to follow up on these results (Figure 3). Figure 3. Map of the Laverton South Gold Project. (source: E79 ASX Announcement 15 May 2025) E79 Gold’s projects include tenements in Western Australia’s Laverton Tectonic Zone and Murchison Goldfields—regions with over 30 million ounces of gold within the Yilgarn Craton (Figure 4). The Murchison Project is under a joint venture with Scorpion Minerals (ASX: SCN), allowing E79 to focus on its Laverton South exploration. Additionally, the company holds ~1,838km² of highly prospective ground in the Northern Territory’s McArthur Basin, known for its zinc-lead potential and prospectivity for copper, gold, bismuth, and diamonds. Figure 4: Map of E79 Gold’s exploration projects (source: E79 ASX Announcement 15 May 2025) Samso’s Concluding Comments I have always said that the mineral exploration game is a marathon, and it is good to see that E79 Gold is playing the long game with sharp focus on near-term execution. The Laverton South region is not new to gold—it’s a proven district with geological hallmarks that have consistently delivered million-ounce deposits (Figure 4). What’s exciting now is how E79 is interpreting the old data through a new lens, applying modern geophysics to target zones the old timers may have overlooked. The re-interpretation of historical data is not a new phenomenon. What is a phenomenon is the lack of importance that is paid to doing that, and to top it all off, is the lack of attention to do it properly and to treat the datasets with extreme caution. In the "old days", things were done differently, and in some ways, it was done with less technology and less emphasis on the methods that have been proven to work in recent times. Then there are considerations such as whether the collection was done by cowboys or not, so the skill is in understanding the datasets and the methods by which it was collected. In my opinion, irrespective of the way historical data was collected and interpreted, the point is that the skill now is to do it with diligence and importance, otherwise, it will be a case of "Rubbish In and "Rubbish Out" For E79, it probably appears that Targets 1 and 2 are probably not just shots in the dark, as I do have a lot of faith in management. The target looks like they do represent structurally sound zones that are supported by geophysical interpretations, and are adjacent to known mineralisation. We are told that there are pending assays from the recent air-core programs, so the news flow could build rapidly. As always, “money in the ground” is E79’s motto. The next few months may show just how well that principle plays out in the Laverton Tectonic Zone. Happy Investing and remember, always DYOR. To support our independent nature of our work, please head over to our Support Page and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Download eBook If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au. About Samso Samso is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

A notable announcement by E79 Gold Mines Limited (ASX: E79) securing 100% ownership of the Mountain Home Copper-Gold-Bismuth Project in the Northern Territory. The move, announced on 22 April 2025 (E79 Gold Acquires 100% of the Mountain Home Project), indicates that there may be some activity happening on this project soon. The geology in this region is very exotic, and I would also include the tectonics, or rather, the structural history, which is also noteworthy. Northern Territory geology has always been a great place for discoveries. The issue in the past has been the remoteness and the inability to get the market excited. Strategic Win: Early Option Exercise The company exercised its option to acquire the underlying tenement (EL32470) ahead of schedule from NT Minerals, securing a favourable renegotiation of terms: Net Smelter Royalty (NSR) reduced from 2% to 1% Royalty cap reduced from A$3 million to A$1.5 million Option to acquire the NSR outright for A$1 million This proactive move not only cements E79's control over the asset but also enhances its long-term economics and appeal to investors. "By exercising the Option early, we’ve secured 100% ownership on more favourable terms, significantly increasing the Project’s potential," - CEO Ned Summerhayes. The Mountain Home Project Figure 1: Location map of the Mountain Home Project with the McArthur and Carpentaria Basins. Tenure: EL32470 (now 100% owned), EL33886 & EL33887 (under application) Size: Covers 868km² within the McArthur Basin, Northern Territory Minerals: Copper, gold, and bismuth Geological Highlights: Rock chip samples returned assays of up to 45.5% Cu, 11.75 g/t Au, and 9.09% Bi Located in a known metallogenic province with high discovery potential This project (Figure 1) stands out not only for its impressive early results but also for its location in a basin known for being the world’s largest accumulation of zinc-lead resources and increasingly attractive for copper-gold exploration. The McArthur lead-zinc mine has been the cornerstone mining project in the area for decades. Apart from the Merlin diamond mine slightly towards the north, there has not been much action. I completed an honours project here in 1991, and the shoshonitic rocks I had were a mixture of chemistry, with some aligning themselves with alkaline basalts. I have not looked at where the Mountain Home project lies in relation to the Arunta block, which lies beneath the central part of the Northern Territory geology, but I am pretty sure the exoticness is high on the list for mineralisation. Rock chips are not something you measure the prospective nature of a project, but it does give you an indication of what could be sitting somewhere in the patch of ground that E79 has. Hard work from here is what will be required, and lots of cash. Hence, it is a very early stage, but I am keen to see what the exploration will uncover. E79 Gold Mines Continuing Momentum in 2025 With the AAPA heritage licence accepted and the heritage survey pending, E79 is on track to commence drilling in the dry season of 2025. This will be the first major campaign since securing full ownership, and expectations are high following promising geochemical results. Figure 2: Map of E79 Gold’s exploration projects. Beyond Mountain Home, E79 Gold holds ~1,838km² of exploration ground (Figure 2), including: Laverton South Project in the Laverton Tectonic Zone (Western Australia) Murchison Project (under JV with Scorpion Minerals) Areas prospective for gold, copper, bismuth, and even diamonds These projects are strategically located in world-class mineral provinces within the Yilgarn Craton and McArthur Basin, both of which are rich in historical and emerging discoveries. Why Investors Should Watch E79 Gold: ✅ Full ownership of high-grade copper-gold-bismuth project ✅ Strong value enhancement via reduced royalties ✅ Drill-ready in 2025 with confirmed high-grade surface samples ✅ Strategic position in two Tier-1 mining jurisdictions Concluding Comments from Samso E79 is a mineral explorer, and there is no denying that the company has no projects that would come close to attracting lots of funding at this stage of the market. The mineral exploration market is currently at a very difficult stage in terms of funding projects. What E79 has are very supportive shareholders, so from that point of view, shareholders can be grateful. I am taking some time to review E70 because, as I have mentioned before, I like the two most important parts of accessing companies like E79. These two points are the technical projects and the content of management. I have said enough, and for those that have not seen the Coffee with Samso with E79, please spend some time and check it out below: Mineral Explorer Perfectly Primed for Value Creation | E79 Gold Mines Limited (ASX:E79) | CWS Ep.201 There is ample time to look at the investment propositions for E79 so as I always say, DYOR and don't forget that there are only two things in life that is a sure thing, Paying Tax and Death. Happy investing. To support our independent nature of our work, please head over to our Support Page and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Download eBook If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au. About Samso Samso is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.