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  • OD6 Metals (ASX: OD6) selects an innovative flowsheet with high recoveries at Splinter Rock - Is An Australian Rare Earth Story Happening?

    OD6 Metals (ASX: OD6) has wrapped up its CPC Optioneering Study—backed by ANSTO testwork—and selected a preferred process flowsheet  for the clay-hosted rare earths at Splinter Rock . The decision lifts confidence that OD6 can produce low-impurity  MREC/MREH products and moves the project into large-scale optimisation  at ANSTO alongside the commencement of mining studies at the Inside Centre Deposit  (Figure 1). Announcement Innovative Process Flow Sheet Selected with High Recoveries 1 Oct 2025 Figure 1: Location of the Inside Centre Deposit (Source: OD6)   Managing Director Brett Hazelden commented:   “The selection of a preferred flowsheet marks a major milestone for Splinter Rock. This outcome provides confidence in our ability to produce a high-value, low-impurity MREC or MREH product that is highly attractive to global supply chains. With this stage complete, we now move into large-scale testwork at ANSTO and commence mining studies at the Inside Centre Deposit. Importantly, discussions with potential offtake partners, separation facilities, end-users and governments continue to reinforce the strategic value of Splinter Rock..” Key Highlights - An Australian Rare Earth Mining Proposal Preferred Flowsheet locked in:   Heap Leach → Nanofiltration (NF) → Ion Exchange (IX) → Impurity Removal (IR) , designed to optimise recovery and payability while cutting reagent use and downstream volumes (Figure 2). Recovery & product quality:  ~ 75% overall Nd & Pr recovery ; MREC ~56% TREO  and MREH ~59% TREO  with very low U+Th (<0.001%) —attractive specs for magnet REE supply chains. Cost levers:  NF enables acid recovery and recycle  (>80% in tests), reduces liquid volumes; IX concentrates REEs so the IR circuit is smaller; a Chlor-Alkali Facility (CAF)  is included to cut operating costs via on-site reagent production. Scale & timing:  Metallurgical diamond core program nearing completion  (2–2.5 t of core to be delivered to ANSTO in October); scale-up tests  to commence this quarter with progressive results in 1H 2026 . Mining study  work is also starting. Market positioning:  Final MREC/MREH products are MagREE-rich (Nd, Pr, Dy, Tb). Benchmark payability typically 70–85%  of the REO basket value (not guidance, but context for product economics). OD6 is targeting 6,000+ tpa REO in ~5 years  (aspirational; see company caution). Figure 2: Preferred Process Flowsheet from ANSTO Testwork and CPC Optioneering Study. (Source: OD6)   OD6 Metals Project Context Splinter Rock carries a JORC Mineral Resource of 682 Mt @ 1,338 ppm TREO , including Indicated 119 Mt @ 1,632 ppm  and Inferred 563 Mt @ 1,275 ppm , with an ~23% MagREE ratio —positioning it among Australia’s largest clay-hosted REE projects (Figure 3). The conceptual development pathway emphasises heap leaching  as the lower-cost, higher-recovery option versus agitated tank leaching for Inside Centre.   Figure 3: Table 1: Splinter Rock Rare Earth project Mineral Resource Estimate - by Prospect at 1,000ppm TREO cut off grade (Source: OD6) How the Selected Flowsheet Improves Outcomes (Figure 4) Heap Leach:  Simple, low-acid leach of clay ore to generate enriched leachate. Nanofiltration (NF):   Recycles acid (>80%) and concentrates REEs, shrinking downstream volumes  and opex. Ion Exchange (IX):   Concentrates REEs  and improves impurity control (notably Fe/Al), enabling milder IR pH and lower REE co-precipitation losses. Impurity Removal (IR):  Two-stage polishing (optimised pH ~3.5 then ~4.1–4.4) to reach low-impurity  specifications. Product Precipitation:  Flexible end-products as MREC or MREH . CAF (Chlor-Alkali Facility):  On-site reagent generation for material opex reductions  and project independence. Figure 4: Anticipated Inside Centre Total REE Recovery by Element. Utilising the Preferred Process Flow Sheet (Source: OD6) What Was Tested (and why this one wins)? OD6 and ANSTO iterated through six flowsheets , progressively adding NF , IX , and a U/Th IX step . The chosen Flowsheet 6  balances higher recovery , better impurity control (Al/Fe/U/Th), smaller circuits  downstream (capex/opex benefits), and improved payability —without excessive complexity at scale.     Next Steps (Figure 5) Finish metallurgical core drilling  (October) and dispatch 2–2.5 t  of core to ANSTO. ANSTO scale-up & optimisation  this quarter: Heap leach kinetics, acid strength/consumption, counter-current configuration, agglomeration. NF acid recovery verification; IX selectivity/elution (Fe/Al and trace U/Th reduction); IR optimisation. Bulk MREC/MREH (~>1 kg)  for customer qualification & offtake  discussions. Mining study  (Inside Centre): pit shells, stripping ratios, scheduling, preliminary costs (Burnt Shirt engaged). Commercial engagement:  offtake partners (payability scenarios); government & potential financiers. Future options:  CAF enables potential on-site oxide separation  (Nd, Pr, Dy, Tb; possibly Sm, Y) via chloride-based SX (desktop assessment with ANSTO being advanced). Figure 5: Inside Centre Composite Sample Locations overlain on airborne electromagnetic survey interpretation. (Source: OD6)   Managing Risk & Disclosures OD6 flags that its 6,000+ tpa REO  aspiration and optioneering ranges are conceptual  and not production targets ; further drilling, engineering, and feasibility work are required before any final investment decision. Readers should consider the company’s forward-looking statements and cautionary notes in full.   Samso Concluding Comments This release is all about how Flowsheet selection turns geology into metallurgy and metallurgy into a business plan. In summary, OD6 can now create a concept that allows the business to work. It is now all about the following: Heap Leach → Nanofiltration → Ion Exchange → Impurity Removal (with a chlor-alkali back-end). The business now targets the magnet rare earths that matter (NdPr, plus Dy/Tb), it actively strips what hurts payability (Al/Fe/U/Th), and it builds in operating levers through acid recycle and smaller downstream circuits. On paper, that is the working model. The bigger question from here is the translation from bench recoveries into stacked tonnes, acid recycle into cash cost, and “low-impurity” into genuine payability from end-users. That’s where ANSTO’s scale-up, bulk MREC/MREH samples, and customer qualification loops matter. If those deliver as flagged, the flowsheet’s simplicity and reagent self-sufficiency could become a structural edge rather than a lab result. According to what OD6 is  professing , investors need to keep an eye on the following over the next 122 months: (1) scale-up data that confirms recoveries and acid balances at meaningful volume; (2) clarity on mining studies at Inside Centre (strip, scheduling, capex/opex contours); and (3) any signals on offtake interest tied to product specs and payability. Positive movement across that trio de-risks both route and revenue. Conversely, any slippage in leach kinetics, impurity control, or acid recycle will show up quickly in capex/opex math—so keep an eye on the details, not just the headlines. As always, DYOR. Read the fine print around forward-looking statements, note that production targets are not yet defined, and remember that clay-hosted REE success is a chain: geology → metallurgy → specification → payability → financing. OD6 has tightened a key link in that chain. The next test is whether industry validation and engineering studies can pull the rest taut.   The Samso Way – Seek the Research Always read the source announcement, cross-check the flowsheet details, recoveries , and impurities, and track the ANSTO scale-up  milestones and mining study  outcomes as they land through 1H 2026 . DYOR, and focus on the payability math  and capex/opex translation  as OD6 moves from bench to scale. 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 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 kicks off Phase 2 drilling at Gulf Creek Copper (NSW)

    OD6 Metals Limited (ASX: OD6)   commenced Phase 2 drilling at the 100%-owned Gulf Creek Copper Project (NSW), advancing the first modern program over a historically high-grade VMS system. The campaign targets along-strike repeats of the Gulf Creek mine stratigraphy where magnetics, jaspilite exhalites, and surface pathfinders coincide (Figure 1). Figure 1: Long Section view to SW showing extended view of geophysical modelling and the targets along the West Limb of the Gulf Creek Syncline to the NW anomaly. (source: OD6) Announcement Gulf Creek Copper Drilling Commences 14 October 202 Highlights - A Developing Copper Project Phase 2 drilling has commenced at Gulf Creek.  Program targets large magnetic/geophysical anomalies interpreted as potential repeats of the high-grade mine stratigraphy.  Untested prospects to be drilled: Big Bend, North West, West Limb —together representing >3 km of untested strike along the magnetite-VMS target horizon near the mine.  Strong empirical link observed between magnetism and massive sulphide  mineralisation; jaspilite exhalites provide a surface vector.  Seven priority diamond holes  planned initially (~1,750 m), with approvals in place to expand to 25 holes (~7,500 m) .  Downhole EM (DHEM)  surveys planned post-drilling to refine follow-up targets.  Phase 1 confirmed high-grade copper up to 4.6% Cu  beneath the historic mine (ASX 7-5-2025). Historically, Gulf Creek produced among Australia’s highest-grade copper-zinc  (averaging up to 6.5% Cu ).   Managing Director Brett Hazelden  commented: “We are excited to commence drilling at the Gulf Creek Copper Project, marking the continuation of the first modern exploration on this project. Phase 1 drilling confirmed mineralisation directly beneath the historic Gulf Creek Mine, and we now turn our attention to the greenfield repeat targets at Big Bend, North West, and West Limb. These untested magnetic structures extend over approximately 3 km, with modelled depths exceeding 500 m, and were a key driver behind OD6’s acquisition of the project. They are compelling targets with the potential to deliver a large-scale copper system. Gulf Creek complements our flagship Splinter Rock Rare Earth Project by providing OD6 with exposure to a high - grade copper asset in a proven mining district. With strong global copper demand and the ongoing electrification trend, this project offers a highly attractive near-term growth opportunity for our shareholders.” Phase 2 Drilling Phase 2 will test repeat structures northwest of the historic Gulf Creek mine. The three target areas exhibit strong magnetism, surface jaspilites, and multi-element surface anomalism consistent with a Besshi-style VMS cluster model: Big Bend  — strong magnetism; jaspilites; IP response; surface Cu-Ce anomalism. North West  — strong magnetism; jaspilites; surface Cu-Co-Ag-Be-Ce-Zn anomalism. West Limb  — strong magnetism; jaspilites; surface Cu-Ce anomalism. These targets mirror the magnetic signature of Gulf Creek and coincide with modelled bodies that locally exceed 500 m  depth. Figure 2: Plan view of geophysical modelling and the priority targets Big Bend, North West, West Limb and the historic Gulf Creek Mine (source: OD6)   Compelling Targets OD6 reports a strong relationship between footwall magnetic susceptibility  and massive sulphide  mineralisation observed in Phase 1 drilling (e.g., GCC004), across a classic VMS stratigraphy: sediments → jaspilites/sediments → sulphides (including high-grade Cu) → altered basalt with disseminated sulphides. The best copper occurs coincident with the strongest magnetic response, reinforcing the use of jaspilite mapping + magnetics  as primary vectors. Figure 3: Cross section of Historic Gulf Creek Mine with GCC004 drill hole results vs Magnetic Susceptibility (source: OD6)   OD6 Metals Program design and follow-up tools Initial scope:  7 priority diamond holes (~1,750 m) across Big Bend, North West, and West Limb. Permitting headroom:  Approvals secured for 25 holes (~7,500 m) , enabling rapid scale-up. Post-drilling geophysics:   DHEM  and magnetic susceptibility logging to vector additional conductors for follow-up. Figure 4: Plan overview of the 7 holes planned to have DHEM. (source: OD6) Geophysical Framework A long-section across the West Limb of the Gulf Creek Syncline highlights the continuity of magnetic bodies along strike into the northwest anomaly—interpreted as repeats within the mine stratigraphy. This underpins the more than 3 km of untested strike referenced in the program rationale.   Project snapshot: Gulf Creek Copper (NSW) District-scale VMS setting near Barraba, historical mining circa early 1900s. Historic grades reported up to 6.5% Cu ; modern drilling in 2025 confirmed high-grade copper  beneath historic workings. Multiple untested high-priority geophysical targets along mine-parallel stratigraphy. Strategy: modern geophysics + structural/stratigraphic mapping + targeted diamond drilling + DHEM to build a pipeline of conductors.    Why OD6, Why Now? OD6 is also advancing the Splinter Rock  clay-hosted REE Project (WA), with a May 2024 MRE of 119 Mt @ 1,632 ppm TREO (Indicated)  and 563 Mt @ 1,275 ppm TREO (Inferred) , and an overall ~23% MagREE ratio—supporting a conceptual heap-leach development pathway. Gulf Creek provides copper exposure alongside this rare earths platform.   Samso Concluding Comments OD6’s second-phase drilling at Gulf Creek is testing what looks like a coherent geophysical–geological model: magnetism + jaspilite exhalites + VMS stratigraphy  repeating along the mine horizon. The observed Phase 1 link between magnetic footwall and sulphides has allowed OD6 to follow up on what is potentially a vector that now scales across >3 km  of untested strike. Seven priority diamond holes give the Company a measured starting point, while approvals for ~7,500 m  keep the option open to accelerate if early holes validate the model. The planned DHEM  is the right follow-up tool in VMS terrain, where discrete conductors often sit just off initial collars.  Historically, Gulf Creek’s copper grades were exceptional for the era. The modern thesis isn’t to re-mine the old stopes—it’s to find repeats of that system in a structurally consistent package imaged by magnetics and supported by surface geochemistry. If the first holes hit the right textures, sulphide style, and alteration, the pathway to step-outs is clear. The move into Gulf Creek was to establish a new front with the demise of the Rare Earth sector; however, it does appear that there is a resurgence coming back, and I think this is a very good time for OD6. The recent ASX releases showing that OD6 may be back in the Rare Earth narrative are going to create a bigger story for the company. In hindsight, it is with great fortune that OD6 had maintained leverage to REEs at Splinter Rock . The dual-track exposure (REEs + copper) is notable in a market that is now rewarding clear technical vectors and optionality across the energy-transition metals space. As always, this is now more of an operational story that will be defined by results, which the Company is flowing well at the moment. DYOR. The Samso Way – Seek the Research  Start with the facts, read the primary sources, verify the numbers, and make your own judgment — DYOR. 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 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 Ltd (ASX: OD6) - Australia’s Standout Rare Earths & Copper Company — Scale, Metallurgy, and Strategic Leverage

    East Coast Research - Australia’s Standout Rare Earths & Copper Opportunity (Dec 2025) Introduction – Splinter Rock, Western Australia & Gulf Creek, New South Wales - A Rare Earths and Copper Story. OD6 Metals Ltd (ASX: OD6)   is shaping into one of Australia’s most strategically positioned critical minerals developers, underpinned by two assets at differing stages of maturity and differing exposure to global decarbonisation trends: 1.      Splinter Rock Rare Earths Project  – ~150 km northeast of Esperance, WA, hosting a large clay-hosted rare earth system with high NdPr content and exceptional metallurgy. 2.      Gulf Creek Copper-Zinc Project – located near Barraba, NSW, within a fertile VMS corridor historically mined for high-grade copper. Both projects benefit from Tier-1 jurisdictions, with Splinter Rock (Rare Earths) tied directly into the Esperance Port corridor and Gulf Creek (Copper) positioned within NSW’s Renewable Energy Zones (Figure 1). Figure 1: Tenement Holding Area (source: OD6) The Business of the OD6 Metals: Focus – Projects OD6 operates a dual-commodity strategy that aligns with global electrification megatrends. Splinter Rock : A large-scale clay-hosted REE system totalling 682 Mt @ 1,338 ppm TREO , containing 209 kt of magnet rare earth oxides (MagREO) . Gulf Creek : A high-grade copper system with historical production and modern drilling confirming up to 4.6% Cu . The company maintains disciplined project selection, having reviewed more than 30 copper assets before acquiring Gulf Creek.   Highlights – Metallurgical Strength, Strategic Relevance & Resource Scale   1. Rare Earth Demand & Application Tailwinds OD6’s focus on magnet rare earths sits firmly within the strongest pull of global demand. The growth in electric vehicles, offshore wind turbines, defence technologies, and everyday electronics continues to elevate the importance of elements such as NdPr, Dy, and Tb. As shown in Figure 2, these minerals underpin a wide spectrum of modern applications — from high-strength permanent magnets to catalysts and specialised glass polishing — reinforcing why magnet rare earths remain the true value drivers in the sector.   Figure 2: Uses of Rare Earth Elements (source: Eurare) 2. Metallurgical Differentiation – A Clear Standout in the WA Clay REE Sector Splinter Rock has emerged as one of Australia’s most advanced and clean metallurgical systems , supported by: Up to 75% NdPr recoveries  (heap leach) MREC at ~56–59% TREO Extremely low uranium and thorium (<0.01%) Ambient-temperature heap leaching  rather than high-cost tank leach This metallurgical profile positions Splinter Rock for a lower-cost development pathway while naturally reducing environmental and processing risk. Figure 3 illustrates the staged impurity-removal process and the resulting high-purity MREC product, reinforcing the project’s strong leachability and favourable reagent behaviour. Figure 3: Impurity Removal & Magnet REE Precipitation Profile (source: OD6) The simplified process flowsheet (Figure 4) underscores the practicality of the Splinter Rock development pathway. It highlights an ambient-temperature heap-leach system supported by nanofiltration for efficient reagent recovery, culminating in the production of a clean magnet rare earth concentrate. The flowsheet reflects a straightforward, scalable approach that aligns well with the project’s metallurgical strengths. Figure 4: Simplified Process Flowsheet (source: OD6) 3. World-Scale REE Market Context – Supply Chain Concentration The global reserves chart in Figure 5 reinforces the concentration of rare earth supply within a handful of jurisdictions, led by China, Vietnam, Brazil, and Russia. This level of geographical dominance continues to shape global supply chains and amplifies the strategic value of new Western-aligned projects. Within this context, Splinter Rock stands out as a significant Australian opportunity capable of contributing to a more balanced and resilient rare earth supply landscape. Figure 5: World’s Largest Rare Earth Reserves (source: East Coast Research & US Geological Survey)   4.   Exceptional Resource Scale – Only 10% of Clays Drilled The Inside Centre extraction profile (Figure 6) highlights the strength and coherence of the mineral system already defined from just a small segment of the broader basin. The distribution of key magnet rare earth elements across this area reinforces both the scale and the consistency of the mineralisation. Inside Centre hosts 119 Mt @ 1,632 ppm TREO , providing a clear foundation for a potential starter operation. Regional EM mapping outlines more than 30 km of clay-hosted signatures , pointing to basin-scale continuity and expansion potential. Figure 6: Inside Centre Extraction by REE (source: OD6) With OD6’s current MRE of 682 Mt  (Figure 7) coming from drilling only ~10%  of the identified clay-hosted targets, Inside Centre serves as an early indicator of what remains possible across Splinter Rock.   Figure 7: MRE by Prospect (source: OD6 & East Coast Research) The cut-off grade sensitivity in Figure 8 shows that Splinter Rock maintains strong tonnage and grade even as thresholds rise, reflecting the robustness of the clay system. This resilience provides early confidence in the project’s scalability and economic flexibility. Figure 8: Sensitivity of Resource to Cut Off Grade (source: OD6 & East Coast Research) Figure 9 highlights Inside Centre as a clear high-grade standout within the broader clay system. The concentration of elevated TREO grades in this area strengthens its position as a natural starting point for future development and underscores the quality of mineralisation already defined at Splinter Rock.   Figure 9: Inside Centre High-Grade Standout (source: OD6) Taken together, these factors underscore that the broader resource potential at Splinter Rock is still in its early stages of being unlocked.   5. Copper Market Tailwinds – Gulf Creek Positioned for Upswing Copper remains one of the most supply-constrained metals heading into the 2030s, driven by electrification, grid expansion, and ongoing industrial demand. Copper futures on the LME continue to hold at historically elevated levels, reinforcing a supportive market backdrop for emerging discoveries such as Gulf Creek (Figure 10). Figure 10: Copper Futures on LME (US$ Per Metric Ton) (source: East Coast Research & Capital IQ) Long-term copper price trends point to a persistent, structural demand profile that continues to reinforce the metal’s strategic importance. Much of this demand is anchored by construction, electrification, electric vehicles, grid infrastructure, and broader industrial growth (Figure 11). Figure 11: Copper Demand by Sector & Region (source: Cruxinvestor) The forecasted deficit illustrated in Figure 12 underscores why new VMS systems like Gulf Creek are strategically significant. The widening gap between copper supply and demand points to a structural shortfall that is expected to deepen as global electrification accelerates. Against this backdrop, Gulf Creek’s early drilling success is particularly noteworthy, having already returned: 1 m @ 4.33% Cu 8 m @ 1.41% Cu, 1.26% Zn 6 m @ 1.32% Cu, 2.82% Zn Figure 12: Copper Supply & Demand Imbalance Likely to Grow (source: Bloomberg NEF Transition Metals Outlook 2024) Figure 13 highlights the strong correlation between iron magnetism and copper mineralisation at Gulf Creek, providing a reliable geophysical vector for targeting additional high-grade zones. Figure 13: Iron Magnetism vs Copper Mineralisation (source: OD6)   Figure 14 outlines a series of magnetic targets identified through 3D modelling, reinforcing the scale of the system and guiding the next phase of drilling at Gulf Creek. Figure 14: Magnetic Targets from 3D Modelling (source: OD6) Figure 15 presents the Sandfire share price analogy as a reminder of how transformative early VMS discoveries can be, showing the kind of value uplift that can occur as a project moves from initial hits to demonstrated scale. Figure 15: Sandfire Share Price Analogy (source: East Coast Research & Capital IQ)   About the Project 🔹 Splinter Rock – Metallurgy First, Scale Second Splinter Rock benefits from: simple leach chemistry, nanofiltration enabling >85% reagent recycling, and a geological profile dominated by reactive minerals (rhabdophane, parisite–synchysite). Figure 16 presents a weathering profile highlighting the clay-hosted zones and REE enrichment patterns that underpin OD6’s metallurgical success. Figure 16: Geological Weathering Model (source: CSIRO, Ore Geology Reviews)   🔹 Gulf Creek – NSW Copper-Zinc VMS System Historically mined for high-grade copper at the turn of the 20th century. Very limited modern exploration before OD6. Structural similarities to DeGrussa-style systems. 10 km of untested strike.   Near-term Milestones to Watch Splinter Rock ✅ Bulk metallurgical sampling delivered to ANSTO ✅ A$1.5m testwork program underway Next milestones Bulk MREC samples for offtake (H1 2026) First Scoping Study Strategic partnerships Expanded resource and optimisation studies Gulf Creek Phase 2 drilling underway Down-hole EM to refine high-conductance targets Step-out drilling planned for >3 km of magnetic anomalies Continuous assays and modelling updates   How Samso Understands the Investment Memo for the Company OD6 is moving toward becoming Australia’s most advanced clay-hosted REE developer  capable of generating a clean, high-value MREC aligned with Western supply chains. Splinter Rock’s investment case is strengthened by: robust metallurgy, scalable heap leach processing, strong NdPr weighting, and expanding clay-hosted footprints. Gulf Creek adds asymmetric copper upside with a growing scale target and high-grade early hits.   Peer Positioning Figure 17 shows OD6’s position relative to its peers, highlighting that despite a comparatively low market valuation, the company ranks strongly on both recovery-adjusted grade and recoverable TREO — effectively punching well above its weight. Figure 17: Peer Analysis, Bubble Chart 2 (source: East Coast Research)   Splinter Rock Valuation Figure 18 outlines the implied valuation for Splinter Rock, highlighting a meaningful uplift potential based on the adjusted TREO resource of 0.55 Mt and an implied EV ranging from A$59.8 million (Base Case) to A$73.7 million (Upside) using median peer-set multiples. Figure 18: Splinter Rock Valuation (source: East Coast Research)   Gulf Creek Valuation Gulf Creek is valued at 5% of Splinter Rock’s intrinsic value, generating an implied EV of A$2.99–A$3.69 million (Figure 19). Figure 19: Gulf Creek Valuation (source: East Coast Research)   OD6 Total Valuation Total implied EV of A$62.8m–A$77.4m, translating to a fair value of A$0.317/share with 256–336% upside from the current A$0.08/share (Figure 20). Figure 20: OD6 Metals Valuation (source: East Coast Research)   Samso Concluding Comments This research coverage is consistent with what Samso has been noting since our coverage going back to October 2022 ( OD6 Metals Limited (ASX: OD6) - The Rare Earth Elements Story | Coffee With Samso Ep. 158 ). The key to the confidence that I have is Brett Hazelden. When we first met, the confidence in his approach and the sincerity in the way he gave me in our many conversations on Coffee with Samso , has allowed me to feel comfortable in this story. The Splinter Rock narrative is emerging as a globally significant clay-hosted rare earth system where only a fraction has been drilled. The geological footprint and metallurgical clarity reduce the risk inherent in early-stage REE development. The integration of heap leaching, nanofiltration, and potential Chlor-Alkali capability points to lower operating costs and strong reagent efficiency, which are critical differentiators in the REE sector. Global supply chain recalibration away from China continues to favour Western-aligned developers with clean product specifications. OD6’s low-impurity MREC squarely meets that requirement and is likely to attract downstream interest. Gulf Creek adds an important copper exposure, with drilling already confirming mineralisation and geophysics suggesting scale. The copper market’s structural deficit amplifies the potential impact of any discovery. OD6 is therefore positioned with two commodities at the core of decarbonisation and electrification.   The Samso Way – Seek the Research Every discovery begins with understanding — follow the geology, follow the metallurgy, follow the data. 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 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.

  • Downhole Electromagnetic Survey Commences at Gulf Creek Copper Project – Is this a Time For Position An Investment in OD6 Metals Limited?

    OD6 Metals Ltd (ASX: OD6)  has commenced a Downhole Electromagnetic (DHEM) survey at the Gulf Creek Copper Project, located near Barraba in northern New South Wales (Figure 1). The program marks a significant technical step forward in assessing the project’s volcanogenic massive sulphide (VMS) copper potential, following the completion of four diamond drill holes and earlier reverse-circulation (RC) drilling completed in 2025. Announcement Down Hole EM Survey Commences at Gulf Creek Copper Project 5 December 2025 ( click here to view the announcement )   Figure 1: Location of Gulf Creek Copper Project (source: OD6)   The Business of the OD6 Metals Focus – Projects OD6 continues to advance its dual-commodity strategy: Splinter Rock Rare Earth Project (WA)  – a large-scale clay-hosted REE system with demonstrated metallurgical recoveries via heap leach and nanofiltration technologies. Gulf Creek Copper-Zinc Project (NSW)  – a historical high-grade copper mine with strong geophysical signatures suggesting the presence of deeper and potentially untested VMS systems. This announcement focuses on the copper asset and OD6’s systematic technical approach to defining drill-ready targets beneath and beyond historic workings. Highlights – DHEM Survey to Vector the Next Phase of Copper Drilling High-Priority DHEM Survey to Target Massive Sulphide Extensions DHEM surveying will commence over the weekend, utilising four recently completed diamond drill holes and earlier RC holes to detect conductive anomalies indicative of massive sulphide copper targets (Figure 2). Figure 2: Plan overview of the 7 holes planned to have DHEM (source: OD6)   Mitre Geophysics designed  the program  and is being executed by Gap Geophysics Australia , with final processed results expected early in the New Year . Phase 2 drilling has no diamond holes  at Big Bend, Northwest, West Limb, and below the historic Gulf Creek Mine (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) Drilling has confirmed: interbedded sedimentary and exhalative chert horizons, hydrothermal alteration typical of VMS systems, minor sulphides and hydrothermal magnetite, alignment with a Besshi-style VMS model. All holes were designed to enable DHEM acquisition to model off-hole conductors that may represent massive sulphide lenses not intersected by drilling (Figure 4). Figure 4: Long section illustrating magnetic modelling and subsurface targets. (source: OD6) Drilling will temporarily pause to allow acquisition and interpretation so that 2026 drilling  can be more efficient and targeted. Approvals remain in place for up to 25 holes / ~7,500m  of drilling (Table 1). Table 1. Drill Hole Details. All coordinates in GDA94 Zone 56.   Leadership Commentary   Managing Director Brett Hazelden commented:   “The commencement of DHEM surveying marks the next important step in unlocking the copper potential at Gulf Creek. This technique has a strong track record of identifying high-grade sulphide bodies that drilling alone may miss. With multiple holes now completed across several target zones, we are well-positioned for the DHEM survey to guide our next phase of drilling in 2026. We are pleased to have drilled the previously untested Big Bend, West Limb and Northwest targets, all of which confirmed the presence of VMS-style stratigraphy. This provides strong encouragement for ongoing exploration targeting. Gulf Creek continues to complement our flagship Splinter Rock Rare Earth Project by providing OD6 with exposure to a high-grade copper asset in a proven district at a time when copper prices are at record highs.” About the Project The Gulf Creek Copper Project (EL8492)  lies within a historically productive district where the Gulf Creek Mine produced exceptionally high-grade copper (2–6.5% Cu) in the early 1900s. Remarkably, little modern exploration has occurred over the past century. Gulf Creek mineralisation is associated with: Besshi-style VMS systems, chalcopyrite-sphalerite massive to semi-massive sulphides, exhalative cherts, siltstones, and basalts, strong magnetite association enabling geophysical targeting. The 2025 drilling program (GCDD007–010) targeted magnetic/gravity anomalies modelled at depths of 100–600m, with hole depths ranging from 240.5m to 328m. These holes now form the backbone of the DHEM survey.   Near-term Milestones to Watch Processed DHEM Results (Early New Year) – ranking of conductive responses across Big Bend, West Limb, Northwest, and Gulf Creek Mine lodes. Target Prioritisation for 2026 RC Drilling – RC drilling preferred as the next phase due to faster and more cost-effective penetration once off-hole conductors are defined. Laboratory Analyses of Diamond Core – samples are being finalised for dispatch. Further Geophysical Integration – including modelling of conductors located within 100m of drill holes to support vectoring toward massive sulphides Samso Concluding Comments One of the reasons I am following OD6 with intent is that I believe that the investment case for OD6 is now significantly enhanced with its "Near To" production Rare Earth story and the potential of finding a VMS here at Gulf Creek. The value proposition for ASX investors should now be a definite SamsoDYOR . AS the Gulf Creek narrative continues to develop along a technically credible pathway with the commencement of DHEM, the search for the ingredients for a VMS system is the excitement. DHEM is particularly valuable in a structural environment like Gulf Creek, where conductive sulphide lenses may sit just metres to tens of metres off existing drill traces. The historical mining is evidence that these sulphides exist. Defining and realising scale will make this venture "easy". We know that this is not easy, but I hope my point is taken, metaphorically. Many important VMS discoveries globally were made only after downhole surveys revealed conductors that drilling narrowly missed. OD6 now stands at that inflection point—where each conductor identified can immediately be ranked, tested, and incorporated into a refined drill plan. Finally, Gulf Creek offers diversification alongside Splinter Rock without detracting from OD6’s core strategy. The Company’s ability to progress a world-class rare earth system while methodically exploring a high-grade copper district speaks to its capability and technical breadth. Investors should watch the upcoming DHEM results closely, as they may redefine the forward exploration trajectory in the New Year. Market Participation One of the indications for me is the rising valuation of the shares and the market capitalisation, which is now almost AUD $16M. Figure 5 below shows what is a potential upward movement of value as the share price has been buoyant since the middle of 2025. Figure 5: The OD6 share price chart as of 22nd December 2025. (source: CommSec) There is no mistake in thinking that there is no sure thing in investments, and I think that OD6 is now seriously carrying two potential "wins"; this makes the bet safer. If the Rare Earth story takes off, the value creation is obvious. A good result from the survey will enhance the chances of drilling what could be a mineralised VMS in an area where infrastructure is abundant, and the cost of production is significantly reduced. The Samso Way – Seek the Research Strong projects emerge from disciplined technical work—always follow the data, not the noise. 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 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 — Advanced ANSTO Metallurgical Testwork Underway - Rare Earths De-Risking and Offtake Readiness.

    The OD6 Metals Limited story is a frequent feature on Samso, and I feel that if the Company can show clearly that it can produce a REE product, this will be an incredible investment for existing shareholders. The recent takeover of Australian Strategic Materials Limited (ASX: ASM) is a clear sign that the REE sector is alive and well. This update by OD6 regarding further testwork with ANSTO is a long list of boxes that are required to be ticked, but it is good to see that management is being persistent and enduring the long journey. Announcement Advanced ANSTO Metallurgical Testwork Underway – 20 January 2026 (view the announcement)   OD6 Metals Metals Limited – Advancing Processing Confidence at the Splinter Rock Rare Earth Project Samso continues to follow OD6 Metals Limited (ASX: OD6)   as it advances Splinter Rock from resource definition into processing optimisation and commercial readiness. This update is relevant as it focuses on metallurgical de-risking, product qualification, and offtake preparation rather than exploration upside alone, which is a key transition phase for clay-hosted rare earth projects.   Highlights – Metallurgy, Product Samples, and Commercial De-Risking Advanced ANSTO metallurgical testwork is now underway, building on previously reported processing successes at Splinter Rock. More than A$1 million  has been committed to ANSTO-led metallurgical programs and large-scale metallurgical diamond core drilling. Bulk Mixed Rare Earth Carbonate (MREC)  and Mixed Rare Earth Hydroxide (MREH) samples will be produced for use in offtake discussions and assessment of commercial payability options. Testwork is focused on heap leach optimisation , impurity removal refinement , and bulk product production , supporting downstream development decisions. The program will also monitor other elements of interest to determine whether technically viable recovery pathways exist. The work is designed to further de-risk the processing flowsheet  and improve confidence in operating parameters. Activities are anticipated to be eligible for future R&D tax offsets . Strategic partnerships with ANSTO  and CPC Engineering  continue to support the optimal development pathway (Figure 1). OD6 Metals Limited notes its active engagement with the framework supporting Australia’s A$1.2 billion Critical Minerals Strategic Reserve . Figure 1: Preferred Process Flowsheet from ANSTO Testwork and CPC Optioneering Study (source: OD6 Metals Limited).   Leadership Commentary Managing Director Brett Hazelden  commented: “This advanced ANSTO program marks another important step in de-risking the Splinter Rock processing flowsheet. Our commitment of more than A$1 million reflects the Company’s confidence in the project and the importance of generating robust, commercially relevant metallurgical and product data. The testwork now underway is specifically aimed at optimising recoveries, refining impurity control, and producing high-quality rare earth products that can be utilised in offtake discussions and future development studies.“ Near-term Milestones to Watch Completion of current ANSTO optimisation campaigns. Production of bulk MREC and MREH samples for customer qualification. Distribution of product samples to potential offtake partners. Integration of metallurgical results into ongoing engineering and development studies. Continued engagement with government and financing stakeholders. Samso Concluding Comments Splinter Rock already hosts a large clay-hosted rare earth resource, and this program is about turning that scale into something more tangible. Metallurgical performance and product quality are critical factors for rare earth projects seeking market acceptance. By producing MREC and MREH samples at scale, OD6 Metals Limited is moving beyond laboratory results toward real-world commercial testing. This helps clarify how the project may fit into global rare earth supply chains. The continued partnership with ANSTO and CPC Engineering suggests a structured and technically driven development process. Each stage builds on previous work rather than resetting assumptions. For investors following OD6 Metals Limited, this announcement is a reminder that value creation in rare earths often comes from steady technical progress. De-risking the flowsheet and engaging early with offtake markets are steps that can shape future outcomes. Market Implication - The Investor Lens Simplistically, from a share price chart perspective (Figure 2), the market seems to be liking things. The volume being traded is healthy, and hopefully, that is showing market acceptance, and on this occasion, the introduction of traders is a good thing. Figure 2: OD6 Metals share price chart as of 23rd January 2026. (source: CommSec). 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 — DHEM Survey Identifies Off-Hole Conductors at Gulf Creek - A Copper Exploration worth Monitoring.

    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 (ASX: OD6) – Major Flowsheet Advancements at Splinter Rock Rare Earth Project.

    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 Produces High-Quality Mixed Rare Earth Carbonate and Hydroxide at Splinter Rock - The Making of an Australian Rare Earths Production Story.

    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.

  • Ion Exchange and Nanofiltration Redefine Rare Earth Processing Flowsheet - First Mover Advantage for OD6 Metals Limited? Is It Time for Investors?

    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. 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): The Path To Production - 2024

    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 .

  • A REE Story is now One Step Closer to Production - OD6 Metals Limited (ASX:OD6)

    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 .

  • OD6 Metals Limited (ASX:OD6) Releases Maiden Mineral Resource Estimate

    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 .

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