OD6 Metals' Announcement on Metallurgical Recoveries at Grass Patch Project

OD6 Metals Limited (ASX: $OD6) has announced the achievement of high metallurgical recoveries at Grass Patch, with up to 86% recovery of Magnet Rare Earth Elements (MagREE) in multiple Prospect areas across 11 new samples. The results confirm the need for further targeted drilling primarily at the Belgian, Circle Valley, and Scaddan Prospects.

Executive Commentary on Metallurgical Recoveries

Whilst our focus over the last 12 months has been firmly on our world-class Splinter Rock Project, we have continued to leverage that work and apply it at Grass Patch. It is pleasing to report that all eleven metallurgical samples sent to ANSTO have surprised us on the upside of our expected metallurgical leach recoveries, with each of the fifteen rare earth elements also being broadly equally recovered which is one of our key tests for clay projects to be potentially successful. The results confirm further targeted drilling should occur primarily at the Belgian, Circle Valley and Scaddan Prospects. As we progress further bench scale testing, it is anticipated that a slurry density of between 25% and 30% is likely to be optimal, as recorded on a number of other projects, with little to no decrease in leach recoveries.

Summary of Metallurgical Results and Outlook

OD6 Metals has achieved high metallurgical recoveries at Grass Patch, indicating the potential for successful clay projects. The results confirm the need for further targeted drilling at the Belgian, Circle Valley, and Scaddan Prospects. The company aims to delineate and define economic resources and reserves of Rare Earth Elements (REE), particularly Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), and Terbium (Tb), which can be developed into a future revenue-generating mine. OD6 Metals' forward works program includes additional Phase 2 recognisance drilling and sighter bottle roll tests using selected Phase 2 drill samples. The company's exploration process also involves heritage agreements with local Aboriginal corporations to enable exploration while protecting important cultural sites on Country.