Slide 1: Australian Critical Rare Earth Minerals: Full Drill Program Summary
For personal use only Australian Critical Rare Earth Minerals Full Drill Program Summary 2 December 2022 ASX I OD6
Slide 2: Important Information
Important Information Disclaimer For personal use only This presentation has been prepared by OD6 Metals Ltd (ACN 654 839 602) (OD6) and is current as at the date of this document. The information contained in this presentation is for informational purposes only and does not constitute an offer to i
Slide 3: Massive Landholding – Bigger than the ACT
Massive Landholding – Bigger than the ACT For personal use only Substantial 4,828 km2 tenement package of Clay Hosted Rare Earth Projects Close to existing port, sealed roads and essential infrastructure Excellent concentrations of neodymium (Nd) and praseodymium (Pr), which are essential elements n
Slide 4: Splinter Rock Drilling Completed October 2022
Splinter Rock Drilling Completed October 2022 For personal use only The clay rare earth mineral enrichment is considered to be formed from weathering of the granites in the area The completed drill program comprised: • 5,862m drilling • Average depth of 32.7m • Drill spacing between 200m, 400m and 8
Slide 5: Highlights - All Assay Results Received to Date
Highlights - All Assay Results Received to Date • Outstanding assay results returned from the completed 179-hole program For personal use only • High-grade clay-hosted rare earths confirmed, with large thicknesses over extensive areas • Grades up to 6,729 ppm Total Rare Earth Oxides (TREO) • Six sig
Slide 6: Significant Intersections >750ppm TREO
Significant Intersections >750ppm TREO o 18 metres at 2,249ppm TREO (24.4% Magnet REO) from 21 metres (SRAC0042) For personal use only o 17 metres at 2,162ppm TREO (21.5% Magnet REO) from 15 metres (SRAC0091) Drill assay results have o 18 metres at 2,170ppm TREO (5.2% Magnet REO) from 33 metres (SRA
Slide 7: Significant Intersections >300ppm TREO
Significant Intersections >300ppm TREO o 21 metres at 2,029ppm TREO (24.2% Magnet REO) from 18 metres (SRAC0042) For personal use only o 29 metres at 1,842ppm TREO (20.7% Magnet REO) from 57 metres (SRAC0081) Drill assay results have o 20 metres at 1,623ppm TREO (23.2% Magnet REO) from 15 metres (SR
Slide 8: Assay results received for completed 179-hole program
For personal use only Assay results have been received for the completed 179-hole program, with 6 Significant Prospects Identified 8
Slide 9: Scrum prospect zone
For personal use only Each Prospect shown is over 4km wide Scrum covers an extensive 6 x 4km zone 9
Slide 10: Prop prospect zone
For personal use only Each Prospect shown is over 4km wide Prop covers a sizeable 13 x 5km zone 10
Slide 11: Splinter Rock – Flanker Prospect
Splinter Rock – Flanker Prospect For personal use only Clay hosted rare earths are 20-30m thick with assays up to 1,623ppm TREO 11
Slide 12: Splinter Rock – Centre Prospect
Splinter Rock – Centre Prospect For personal use only Clay hosted rare earths are 10-30m thick with assays up to 3,262ppm TREO 12
Slide 13: Splinter Rock – Prop Prospect (3D View)
Splinter Rock – Prop Prospect (3D View) For personal use only Prop covers a sizeable 13 x 5km zone with thickness up to 80m 13
Slide 14: Splinter Rock – Prop Prospect
Splinter Rock – Prop Prospect For personal use only Clay hosted rare earths are 10-80m thick with assays up to 4,139ppm TREO 14
Slide 15: Splinter Rock – Scrum Prospect (3D View)
Splinter Rock – Scrum Prospect (3D View) For personal use only Scrum covers an extensive 6 x 4km zone with thickness up to 48m 15
Slide 16: Splinter Rock – Scrum Prospect (NW-SE Line)
Splinter Rock – Scrum Prospect (NW-SE Line) For personal use only Clay hosted rare earths are 12-33m thick with assays up to 1,565ppm TREO 16
Slide 17: Splinter Rock – Scrum Prospect
Splinter Rock – Scrum Prospect For personal use only Scrum has three additional drill lines completed to date each 4km in length Clay hosted rare earths are 10-48m thick with assays up to 2,162ppm TREO 17
Slide 18: Splinter Rock – Full Back Prospect
Splinter Rock – Full Back Prospect For personal use only Clay hosted rare earths are 5-20m thick with assays up to 1,595ppm TREO 18
Slide 19: Splinter Rock – Wing Prospect
Splinter Rock – Wing Prospect For personal use only Clay hosted rare earths are 5-21m thick with assays up to 2,490ppm TREO 19
Slide 20: Airborne Electromagnetics – Clay Mapping
Airborne Electromagnetics – Clay Mapping For personal use only Airborne geophysics survey across Splinter Rock and Grass Patch are nearing completion Aiming to identify and map clay locations, expanse, depth and thickness across all granted OD6 Tenements Analysis of data to be undertaken during Q1 2
Slide 21: Initial Clay Mapping Success at Splinter Rock
Initial Clay Mapping Success at Splinter Rock For personal use only CSIRO and OD6 Metals are collaborating on techniques to improve rare earth exploration • Identified clays of 10-50m in thickness • Clays zones of multiple kms in length • Enables future targeted drilling of shallow, thick clay horiz
Slide 22: Geo-Metallurgical Program
Geo-Metallurgical Program For personal use only Preliminary metallurgical OD6 geo-metallurgical testwork to testwork by other companies Commence in Q4 2022 with similar styles of clay REE in • ANSTO leaching trials and the region have demonstrated recovery optimization that REE can be extracted by •
Slide 23: Splinter Rock Work Program
Splinter Rock Work Program For personal use only Metallurgical Testing Clay Mapping AEM Survey Scoping Study Initial Drilling Infill Drilling Maiden JORC Exploration Resource Target 23
Slide 24: Managing Director quote on Splinter Rock exploration
“The previously defined Scrum and Prop Prospects now have multiple, perpendicular and/or parallel drill lines and each cover an area of For personal use only between 6 x 4km and 13 x 5km respectively. The additional drill lines provide an added dimension to these prospects, with results continuing t
Slide 25: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure ASX: OD6 Price per share 1 A$0.50 Total number of shares on issue 2 102.45M Performance rights and options 2 32.70M Market capitalisation (undiluted) 1 A$51.22M Dr Darren Mr Brett Mr Piers Dr Mitch Cash 2 A$7.08M Holden Hazelden Lewis Loan N
Slide 26: Key Highlights
Key Highlights Explosion in demand for critical rare earth minerals For personal use only ✓ ✓ Drilling has confirmed thick, near surface, high grade clay hosted rare earth elements across 6 Significant Prospects ✓ Airborne geophysics aiming to map clay locations, expanse, depth and thickness across
Slide 27: Additional Information
For personal use only ADDITIONAL INFORMATION
Slide 28: Regional Geology
Regional Geology For personal use only Yilgarn Tectonic plate boundary zone, intruded by granitoids ~1.2B years ago Glaciation ~250 million years ago resulted in deep weathering Recent highly acidic ground water and topographic differences may have mobilized REEs into the groundwater. Refer to Indep
Slide 29: Metallogenic Model
Metallogenic Model For personal use only The clay rare earth mineral enrichment is considered to be formed from weathering of the granites in the area REE bearing minerals such as monazite and xenotime have weathered to clay and phosphates such as rhabdophane (hydrous REE minerals potentially dissol
Slide 30: Project Geology
Project Geology The Splinter Rock tenure and For personal use only exploration model has targeted Booanya granites They are described in Geoscience Australia’s database as “heavily enriched in REE” The strong enrichments in REE distinguishes granites of the Booanya Suite from all other granite group
Slide 31: Elevation Change
Elevation Change For personal use only 249 The significant elevation change called the “Ravensthorpe Ramp” may be a key exploration 26 driver of potential clay types, deposition thickness, grade and future REE recoveries Splinter Rock Elevation Model 31
Slide 32: Insatiable Demand for Rare Earth Magnets
Insatiable Demand for Rare Earth Magnets For personal use only Mag REO Forecast Demand (t) Transition from carbon 250,000 to renewable economy is creating a forecast 200,000 explosion in demand 8.1% CAGR 150,000 for critical rare earth magnet metal oxides 100,000 Compound annual growth 50,000 rate o
Slide 33: Growing NdPr Rare Earth Supply Deficit
Growing NdPr Rare Earth Supply Deficit For personal use only NdPr Market Balance (t) 2,968 Analysts expect significant NdPr supply deficits as (4,620) demand grows (12,042) (15,532) (20,834) Demand underpinned by growth from EVs, (37,811) wind power and Rapidly emerging NdPr consumer electronics mar
Slide 34: New Australian Supply Needed
New Australian Supply Needed For personal use only Existing Global Mine Production (t) 140,000 Mine concentration is a significant risk to the Multiple new mines global supply chain required to bring balance to global Diversity of supply now a REE supply chain priority for governments and corporatio
Slide 35: Low Carbon Rare Earth Production Potential
Low Carbon Rare Earth Production Potential For personal use only The urgency to lower global emissions is driving a rapid ramp up in demand Fortescue Future Industries for green energy globally assessing South East Western Australia (Esperance Region) as a Esperance earmarked as a potential priority
Slide 36: Planned Work Program
Planned Work Program For personal use only Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 CY22 CY22 CY23 CY23 CY23 CY23 CY24 CY24 Drilling Aircore drilling program Geophysical clay mapping Grow the target base Metallurgical test work Analysis, research and development Resource definition Infill drilling & maiden Mineral R
Slide 37: Emerging Clay Hosted Rare Earth Province
Emerging Clay Hosted Rare Earth Province For personal use only Source: DMP WA Government Tengraph 37
Slide 38: Registered Office and Share Registry
For personal use only Registered Office c/o LCP Group Level 1, 50 Kings Park Road West Perth WA 6005 Phone: +61 8 6189 8515 Email: info@od6metals.com.au Share Registry Computershare Investor Services Level 11, 172 St Georges Tce Perth WA 6000 www.od6metals.com.au