OD6 Metals achieves excellent metallurgical recoveries at Splinter Rock project

OD6 Metals Limited (OD6) has announced the achievement of high metallurgical recoveries, up to 90%, of Magnet Rare Earth Elements (MagREE) in multiple Prospect areas at the Splinter Rock project. The average 62% MagREE recovery at 25g/I HCI, excluding basin edges and carbonaceous shales, provides considerable confidence in the key economic drivers. The Inside Centre area continues to demonstrate excellent results with an average recovery of 64% MagREE. Further metallurgical leaching and processing optimization work is underway.

Executive commentary on Splinter Rock project's metallurgical recoveries

The outstanding results from our metallurgical leaching studies continue to affirm the Splinter Rock project as Australia's premier clay-hosted rare earth deposit. With consistent recoveries averaging over 60% across multiple prospects, and notably high recoveries observed for each of the fifteen rare earth elements, our confidence in the project's potential remains high. The Inside Centre area within the Centre Prospect continues to shine, boasting dimensions of approximately 2km in length by 1km in width and thicknesses of up to 69 meters. Grades ranging between 1,400ppm to 2,200ppm TREO further underscore the project's value proposition, complemented by leach recoveries averaging 64%. These metrics align closely with the essential value drivers we believe are crucial for the economic viability of clay-hosted rare earth projects.

Summary of OD6 Metals' announcement and outlook

OD6 Metals has achieved excellent metallurgical recoveries, up to 90%, of Magnet Rare Earth Elements (MagREE) in multiple Prospect areas at the Splinter Rock project. The recoveries, combined with high grades, low stripping ratios, low acid consumption, and substantial tonnages, provide considerable confidence in the key economic drivers. The project's diversified resource base, not reliant on just one or two elements, sets Splinter Rock apart as a highly promising venture in the rare earth sector. OD6 Metals aims to evaluate and potentially upgrade the Mineral Resource Estimate based on the latest results and continue with further optimization works to enhance the project's economic sustainability. The company's ongoing collaborations and extensive research efforts position OD6 as a frontrunner for the future development of clay REE in Australia.