Od6 Metals Ltd. · ASX:OD6
Od6 Metals — Investor Presentation (November 2022)
32 slides from Od6 Metals's investor presentation, Nov 11, 2022
Slide 1: Australian Critical Rare Earth Minerals Initial Drilling Results
For personal use only Australian Critical Rare Earth Minerals Initial Drilling Results 11 November 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 Recently Completed
Splinter Rock Drilling Recently Completed 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 800m
Slide 5: Initial Drilling Assay Highlights
Initial Drilling Assay Highlights For personal use only • Outstanding assay results returned from initial 65 holes of the completed 179-hole program • High-grade clay-hosted rare earths confirmed, with large thicknesses over extensive areas • Grades up to 6,729 ppm Total Rare Earth Oxides (TREO) • F
Slide 6: Significant Intersections >300ppm TREO
Significant Intersections >300ppm TREO For personal use only o 41 metres at 1,262ppm TREO (24.1% Magnet REO) from 15 metres (SRAC0151) o 30 metres at 1,576ppm TREO (22.1% Magnet REO) from 15 metres (SRAC0033) o 21 metres at 2,029ppm TREO (24.2% Magnet REO) from 18 metres (SRAC0042) Initial drill ass
Slide 7: Significant Intersections >750ppm TREO
Significant Intersections >750ppm TREO For personal use only o 29 metres at 1,585ppm TREO (24.4% Magnet REO) from 27 metres (SRAC0151) o 27 metres at 1,716ppm TREO (22.2% Magnet REO) from 18 metres (SRAC0033) o 18 metres at 2,249ppm TREO (24.4% Magnet REO) from 21 metres (SRAC0042) Initial drill ass
Slide 8: Assay results received for completed 179-hole program
For personal use only Assay results have been received for 65 holes of the completed 179-hole program 8
Slide 9: Significant Prospects Identified From Initial Assay Results
For personal use only 4 Significant Prospects Identified From Initial Assay Results 9
Slide 10: Splinter Rock – Scrum Prospect
Splinter Rock – Scrum Prospect For personal use only Clay hosted rare earths are 12-33m thick with assays up to 1,565ppm TREO 10
Slide 11: Splinter Rock – Centre Prospect
Splinter Rock – Centre Prospect For personal use only Clay hosted rare earths are 10-30m thick with assays up to 2,287ppm TREO 11
Slide 12: 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 12
Slide 13: Splinter Rock – Prop Prospect
Splinter Rock – Prop Prospect For personal use only Clay hosted rare earths are 10-80m thick with assays up to 1,400ppm TREO 13
Slide 14: Airborne Electromagnetics – Clay Mapping
Airborne Electromagnetics – Clay Mapping For personal use only Airborne geophysics survey across Splinter Rock and Grass Patch to be completed during Oct-Nov 2022 Aiming to identify and map clay locations, expanse, depth and thickness across all granted OD6 Tenements Analysis of data to be undertake
Slide 15: 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 16: 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 17: 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 17
Slide 18: Management quote on initial assay results
For personal use only “These initial rare earth assay results are outstanding and represent some of the highest grades and thickest clay-hosted rare earth intersections seen in Australia. The extent and consistency of these shallow, high-grade clays have resulted in four significant prospects being
Slide 19: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure ASX: OD6 Price per share 1 A$0.42 Total number of shares on issue 2 102.45M Performance rights and options 2 32.70M Market capitalisation (undiluted) 1 A$43.03M Dr Darren Mr Brett Mr Piers Dr Mitch Cash 2 A$7.08M Holden Hazelden Lewis Loan N
Slide 20: Key Highlights
Key Highlights For personal use only ✓ Explosion in demand for critical rare earth minerals ✓ Drilling has confirmed thick, near surface, high grade clay hosted rare earth elementsm across 4 Significant Prospects ✓ Airborne geophysics aiming to map clay locations, expanse, depth and thickness across
Slide 21: Additional Information
For personal use only ADDITIONAL INFORMATION
Slide 22: 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 23: 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 24: 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 25: 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 25
Slide 26: 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 27: 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 28: 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 29: 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 30: 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 31: Emerging Clay Hosted Rare Earth Province
Emerging Clay Hosted Rare Earth Province For personal use only Source: DMP WA Government Tengraph 31
Slide 32: Registered Office
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