Od6 Metals Ltd. · ASX:OD6
Od6 Metals — Shareholder Meeting (November 2024)
27 slides from Od6 Metals's shareholder meeting presentation, Nov 27, 2024
Slide 1: OD6 AGM: Australian Copper & Rare Earths
For personal use only 27 NOVEMBER 2024 OD6 AGM Australian Copper & Rare Earths Essential for Energy Transition ASX:OD6
Slide 2: Important Information
IMPORTANT INFORMATION For personal use only Disclaimer Forward Looking Statements This presentation has been prepared by OD6 Metals Ltd (ACN 654 839 602) (OD6) and is current as at Certain statements contained in this presentation, including information as to the future financial or the date of this
Slide 3: Gulf Creek Copper Acquisition: History Repeating
For personal use only Gulf Creek Copper Acquisition History repeating Is one of Australia’s highest grade copper mines set for a 21st century revival?
Slide 4: Key Acquisition Points
Key Acquisition Points Strong near-term catalysts on a historic, underexplored high-grade VMS copper system For personal use only • High Grade Copper – Zinc VMS style deposit • Mined over 100 years ago (1896-1912) with +100m vertical and +300m strike • Underexplored with limited modern exploration c
Slide 5: Copper Macro – Economies and Electrification
COPPER MACRO1 – ECONOMIES AND ELECTRIFICATION Strong Demand-Supply Fundamentals Driving Strong Run for Copper For personal use only Copper Demand Copper Supply • In modern times, copper has been driven by demand for electricity • The world’s currently producing mines can only supply ~50% of with glo
Slide 6: Gulf Creek – Regional Setting for Classic VMS
Gulf Creek – Regional Setting for Classic VMS VMS systems are known to have multiple, high grade repeat structures For personal use only • Classic setting for Besshi Style Volcanogenic Massive Image – regional RTP magnetics with local Sulphide Deposit (VMS) 1 drone magnetics EL8492 • Silurian-Devoni
Slide 7: High Grade Copper Production History
High Grade Copper Production History Virtually untouched since 1912 with significant potential for untested extensional repeat lodes1 For personal use only • At Gulf Creek the copper occurs within three parallel sulphide lenses • Cornish Lode averaged 6 - 6.5% Cu • Middle Lode averaged 3 – 3.5% Cu •
Slide 8: Gulf Creek – Two High Grade Mineralization Styles
Gulf Creek – Two High Grade Mineralization Styles Multiple mineralization styles – shows a long-lived system For personal use only Massive Sulphide Massive Magnetite-Sulphide Magnet suspended from magnetic rock sample from Gulf Creek. Refer also slide 2 on cautionary statement. Up to 6.5% Cu, 2.1% Z
Slide 9: Gulf Creek – Country Rock Has Mineralization Too
Gulf Creek – Country rock has mineralization too Mineralised halo surrounding high-grade VMS lodes provides significant bulk tonnage potential For personal use only Sediments with copper veins VMS Exhalative Chert Up to 2.1% Cu in surrounding country rock 1. Refer ASX announcement 6/11/2024 – High G
Slide 10: Gulf Creek – Geophysics Highlights Extension Potential
Gulf Creek – Geophysics Highlights Extension Potential Repeat blind structures identified For personal use only • Extended magnetic survey indicates a series of NW plunging folds providing >3km of local strike length of target magnetite-VMS target horizon within the Gulf Creek Syncline • Geophysical
Slide 11: The Big Bend Target – Magnetics & IP Chargeability
The Big Bend Target – Magnetics & IP Chargeability Providing early and future targeting For personal use only • 3D Inversion Modelling – strong relationship with massive magnetite- sulphide mineralization • Big Bend Target: o Very strong magnetism – comparable of massive magnetite-sulphide o Anticli
Slide 12: Gulf Creek to West Limb to NorthWest
Gulf Creek to West Limb to NorthWest Extensional Magnetic Targets For personal use only • West Limb Targets – strong magnetism in similar fold structures • Northwest Target o Strongest magnetic target in region o 400x100m footprint – open to NW o Modelling extends from near- surface to > 400m o In a
Slide 13: Gulf Creek to the Deep East
Gulf Creek to the Deep East Extensional Magnetic Targets For personal use only Possible other • East Limb: folded positions for mineralisation o Weaker magnetics but the same structural position as Gulf Creek • Eastern Deeps o Strongest magnetic target in region o Largest foot-print 650 x 400m o Mod
Slide 14: Regional Extensional Exploration Upside
Regional Extensional Exploration Upside Multiple untested comparable drill targets For personal use only • Historic Murchison Mine to the north – also associated with magnetic stratigraphy and reports of >4% Cu1 • Other significant folded magnetic stratigraphy completely untested with potentially ov
Slide 15: Excellent Proximity to Infrastructure
Excellent Proximity to Infrastructure Supporting Project Development N For personal use only Moree Solar Farm Copeton Hydro Power Station • Tier 1 Location Renewable Energy Renewable Zone (N1) • Ideally located ~400km by EL-8492 Energy Zone road to the Port of Newcastle. (N2) • Situated between two
Slide 16: Permitted Phase Exploration Program
Permitted Phase 1 Exploration Program OD6 set to “hit the ground running” with strong near term catalysts For personal use only Work Plan CYQ4’24 CYQ1’25 CYQ2’25 CYQ3’25 CYQ4’25 ✓ Reprocessing and reinterpretation of IP and Drone EM with latest modeling techniques Completed FY25 to FY26 PROGRAM Gulf
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Gulf Creek has boundless potential to host a significant, high-grade Cu-Zn system & is open for business HIGH GRADE LITTLE TO NO MAGNETICS and PLANNED PHASE 1 LOW-CASH HISTORICAL EXPLORATION IP ANOMALIES PROGRAM, ACQUISITION TERMS COPPER-ZINC IN OVER 100 N
Slide 18: Splinter Rock Rare Earth Minerals
For personal use only Splinter Rock Rare Earth Minerals An advanced rare earths project of grade and scale with favourable metallurgical qualities MRE of 682Mt @ 1,338ppm TREO – Refer slide 26
Slide 19: Globally Significant Clay Hosted Rare Earth Project
Globally Significant Clay Hosted Rare Earth Project Gulf Creek Acquisition to Compliment the Splinter Rock Project whilst Rare Earth Prices Recover For personal use only Splinter Rock Highlights • Located in one of the world’s great mining jurisdictions proximate to key infrastructure Centre • 682Mt
Slide 20: Inside Centre – A High Grade Stand Out
INSIDE CENTRE - A HIGH GRADE STAND OUT INDICATED MRE OF 119Mt at 1,632ppm TREO (at 1,000ppm TREO cutoff grade) For personal use only Inside Centre to be the main focus of future works Refer to ASX Release 29 May 2024 – Mineral Resource Estimate Doubles at Splinter Rock. OD6 METALS | AUSTRALIAN CRITI
Slide 21: Outstanding Metallurgical Results
OUTSTANDING METALLURGICAL RESULTS RARE EARTHS RECOVERED WITH SIMPLE LEACHING For personal use only • Very high metallurgical recoveries achieved using Pr Nd Tb Dy simple acidic heap leach at Inside Centre 90 • 79% Magnetic Rare Earth Elements recovery 80 achieved at 25g/l HCl 70 Cumulative Recovery
Slide 22: The Premier Australian Clay-Hosted REE Project
THE PREMIER AUSTRALIAN CLAY-HOSTED REE PROJECT UPGRADED RESOURCE OF 682MT @ 1,338PPM TREO (at 1,000ppm TREO cutoff grade) For personal use only Rare earth element deposits (bubble size reflects contained TREO) 3000 2500 MEI ARA 2000 TREO Grade (ppm) Inside Targeting MRE Expansion Centre 1500 OD6 Chi
Slide 23: Well Placed as an Early Development Opportunity
WELL PLACED AS AN EARLY DEVELOPMENT OPPORTUNITY OD6 keeping the engine warm for the next rare-earths run For personal use only • Market conditions currently difficult for REE plays • Splinter Rock is a tier-1 clay-hosted rare earths deposit ready for the next REE bull market • OD6 remain committed t
Slide 24: Corporate Snapshot
CORPORATE SNAPSHOT HIGH CALIBRE LEADERSHIP TEAM AND TIGHT CAPITAL STRUCTURE For personal use only Capital Structure ASX: OD6 Price per share1 A$0.035 Total number of shares on issue1,3 128.69M Performance rights and options1 41.55M Market capitalisation (undiluted)1 A$4.5M Wayne Mr Brett Dr Darren M
Slide 25: Contact
CONTACT CONTACTUS For personal use only US REGISTERED OFFICE LUCAS ROBINSON c/o LCP Group Investor Relations Level 1, 50 Kings Park Road lucas@corporatestorytime.com West Perth WA 6005 +61 408 228 889 Phone: +61 8 6189 8515 Email: info@od6metals.com.au SHARE REGISTRY Computershare Investor Services
Slide 26: Splinter Rock Mineral Resource Estimate
SPLINTER ROCK MINERAL RESOURCE ESTIMATE AT 1,000ppm CUTOFF GRADE For personal use only Tonnes TREO Pr6O11 Nd2O3 Tb4O7 Dy2O3 MagREO MagREO Prospect Category (Mt) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (% of TREO) Inside Centre Indicated 119 1,632 79 271 2 12 366 22.4% Centre Inferred 276 1,342 65 228 3
Slide 27: Peer Calculations and Reference Details
PEER CALCULATIONS AND REFERENCE DETAILS For personal use only Measured: Market ASX Net cash Enterprise value Company Indicated: Inferred capitalisation Reference code (A$) (A$) Ratio (Mt) (A$) Massive Mineral Resource Estimate Increase at Splinter Rock Rare Earth Project, 29 May 2024 OD6 Metals OD6