Slide 1: Australian Critical Rare Earth Minerals: Mineral Resource Estimate Upgrade
For personal use only Australian Critical Rare Earth Minerals Mineral Resource Estimate Upgrade Investor Presentation 29 May 2024 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 Certain statements contained in this presentation, including information as to the future financial as at the date of this do
Slide 3: Globally Significant Clay-Hosted Rare Earth Discovery
GLOBALLY SIGNIFICANT CLAY-HOSTED RARE EARTH DISCOVERY SPLINTER ROCK ENJOYS A FAVOURABLE COMBINATION OF RESOURCE SIZE, GRADE AND METALLURGICAL RECOVERIES For personal use only SPLINTER ROCK • Located in one of the world’s great mining jurisdictions Centre proximal to key infrastructure Scrum Prospect
Slide 4: Mineral Resource Estimate
For personal use only Mineral Resource Estimate ASX:OD6
Slide 5: 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 6: Splinter Rock Mineral Resource Estimate: Quality over Quantity
SPLINTER ROCK MINERAL RESOURCE ESTIMATE Focused on quality over quantity of resource For personal use only Cut-off grade Tonnes TREO Contained TREO MagREO MagREO Contained MagREO (ppm TREO) (Mt) (ppm) (k tonne) (ppm) (% of TREO) (k tonnes) 400 2,226 884 1,968 201 22.7% 447 A QUALITY MRE 600 1,654 10
Slide 7: 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 ARA MEI 2000 TREO Grade (ppm) Inside BRE Targeting MRE Expansion 1500 Centre Chi
Slide 8: Highly Targeted Exploration Program
HIGHLY TARGETED EXPLORATION PROGRAM AEM SURVEY & COLABORATION WITH CSIRO HAS IDENTIFIED THE MAIN CLAY BASINS For personal use only The MRE has significant further upside based on the identified clay basins that remain open in multiple directions or have yet to be drill tested OD6 METALS | AUSTRALIAN
Slide 9: Conceptual Geological Formation
CONCEPTUAL GEOLOGICAL FORMATION COLLABORATING WITH CSIRO TO MODEL THE CLAY BASINS For personal use only Low High OD6 METALS | AUSTRALIAN CRITICAL RARE EARTH MINERALS 9
Slide 10: 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 the Scoping Study due at the end CY 2024 OD6 METALS | AUSTRALIAN CRITICAL RARE EARTH MINERALS 10
Slide 11: MRE TREO Value and Distribution
MRE TREO VALUE AND DISTRIBUTION Nd, Pr, Dy, Tb REPRESENT ~90% OF POTENTIAL CONTAINED VALUE For personal use only TREO REE value TREO % distribution Value Distribution 49.9% Nd2O3 16.9% Nd2O3 MagREO 13.7% Pr6O11 4.8% Tb4O7 16.1% Dy2O3 1.1% 9.4% Tb4O7 0.2% La2O3 Pr6O11 MagREO 2.2% Gd2O3 1.5% is ~90% 2
Slide 12: Project and Market Detail
For personal use only Project and Market Detail ASX:OD6
Slide 13: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only TARGETING CRITICAL, HIGH- THE PREMIER VALUE MAGNET PRIME LOCATION AUSTRALIAN CLAY- STRONG A STRONG PIPELINE RARE EARTH FOR FUTURE HOSTED RARE METALLURGICAL OF NEWS IN ELEMENTS DEVELOPMENT EARTH DEPOSIT RESULTS COMING MONTHS Demand expected to Tier 1 jurisd
Slide 14: Critical Magnet Rare Earth Elements
CRITICAL MAGNET RARE EARTH ELEMENTS FOUR CRITICAL, HIGH VALUE METALS WHICH CAPTURE 90% OF ALL THE VALUE IN THE RARE EARTHS COMPLEX For personal use only hydrogen helium 1 2 H He lithium beryllium boron carbon nitrogen oxygen fluorine neon 3 4 5 6 7 8 9 10 Li Be Light rare earth elements B C N O F Ne
Slide 15: Significant Future Global Demand Expected
SIGNIFICANT FUTURE GLOBAL DEMAND EXPECTED CONSUMPTION EXPECTED TO TRIPLE BY 2035 WITH MULTIPLE NEW MINES REQUIRED TO MEET DEMAND For personal use only NdPr Production and Demand (real) (tonnes p.a.) Transition from carbon Demand growth to renewable economy driving anticipated to accelerate demand fo
Slide 16: Prime Location for Future Development
PRIME LOCATION FOR FUTURE DEVELOPMENT EXISTING INFRASTRUCTURE A KEY DIFFERENTIATING FACTOR For personal use only ESTABLISHED ESPERANCE READY ACCESS TO SERVICED BY EXISTING LOCAL RENEWABLE TOWNSHIP ESPERANCE BULK PORT ROAD NETWORK POWER CONNECTED • Proximate to large • Esperance Port handles • Establ
Slide 17: What Does an Economic Project Look Like?
WHAT DOES AN ECONOMIC PROJECT LOOK LIKE? SPLINTER ROCKS MEETS ALL THE ‘KEY VALUE DRIVERS’ AND HAS THE HALLMARKS OF A HIGHLY ECONOMIC PROJECT For personal use only Clay volume TREO Metallurgical TREO MagREO produced % Revenue p.a. @ KEY VALUE DRIVERS treated (tpa) (ppm) recovery produced (tpa) @23% (
Slide 18: Outstanding Metallurgical Results
OUTSTANDING METALLURGICAL RESULTS RARE EARTHS RECOVERED WITH SIMPLE LEACHING For personal use only • Very high metallurgical recoveries achieved using simple acid leach • Average 60% MagREO recovery (range 40% to 90%) at 20g/l HCl • Average 16 kg HCl/t ore consumption • Extractions at 15g/L to 20 g/
Slide 19: MagREO Recovery Are Industry Equivalent
MagREO RECOVERY ARE INDUSTRY EQUIVALENT OD6 ENJOYS SIMILAR MagREO RECOVERIES TO BRAZILIAN PEERS WHILST TRADING AT HUGE EV DISCOUNT For personal use only 60% 59% Similar Operational Steps, Different Reagents, Same Recoveries Source: BCE ASX Announcement 7 May 2024, Company Information OD6 METALS | AU
Slide 20: Indicative Processing Steps
INDICATIVE PROCESSING STEPS SIMPLIFIED PROCESS MAP TO DELIVER RARE EARTH PRODUCTS For personal use only MREC/H Mixed Rare Earth Mixed RE Carbonate or Excavate Transport Screen Acid leach Purify Precipitate Hydroxide product Mine near Clays to Coarse material Rare Earths leached Removal of Rare Earth
Slide 21: A Disciplined Strategic Approach
A DISCIPLINED STRATEGIC APPROACH IN PURSUIT OF THE “BEST OF THE BEST” FOR MAXIMUM VALUE CREATION For personal use only EXPLORE DESIGN ADVANCE • Identify high-grade, ‘sweet-spot’ • Optimise leach recovery and • Pursue “Best of the Best” grade, REE zones impurity removal recovery, stripping ratio and
Slide 22: Significant Relative Value Upside Potential
SIGNIFICANT RELATIVE VALUE UPSIDE POTENTIAL SIGNIFICANT UPSIDE POTENTIAL COMPARED TO PEERS For personal use only COMPARISON OF ENTERPRISE VALUE PER MagREO TONNE (A$/tonne MagREO) KEY CATALYSTS FOR RELATIVE VALUE UPLIFT 2384 Strong foundation • MRE of 682Mt @ 1,338ppm TREO to inform for growth potent
Slide 23: The Splinter Rock Project
THE SPLINTER ROCK PROJECT A WORLD-CLASS CLAY-HOSTED REE ASSET PROGRESSIVELY BEING DE-RISKED For personal use only Metallurgical Located in Western recoveries underpin No private W.A. Australia, a tier 1 development royalties payable jurisdiction $ potential No farming Regional Heritage activities on
Slide 24: Appendix
For personal use only APPENDIX ASX:OD6 ASX:OD6
Slide 25: Corporate Snapshot
CORPORATE SNAPSHOT HIGH CALIBRE LEADERSHIP TEAM AND TIGHT CAPITAL STRUCTURE For personal use only Capital Structure ASX: OD6 Price per share1 A$0.063 Total number of shares on issue2 127.69M Performance rights and options2 42.55M Market capitalisation (undiluted)1 A$8M Dr Darren Mr Brett Mr Piers Dr
Slide 26: Sustainably Creating Value
SUSTAINABLY CREATING VALUE ACTING WITH INTEGRITY TO RESPONSIBLY DELIVER RARE EARTH RESOURCES FOR A LOW CARBON FUTURE For personal use only OUR SUSTAINABILITY PRIORITIES: ESG Workplace health Aboriginal and Integrity and and saftey and Traditional Owner ethical business mental health engagement pract
Slide 27: Using Green Power to Lower Operating Costs
USING GREEN POWER TO Source: https://pacificenergy.com.au/project/esperance-power-station LOWER OPERATING COSTS For personal use only • Rare Earths are key to decarbonisation • Our goal is to build a mine that minimises greenhouse gas emissions and long term power costs • Ultimately Net Zero is the
Slide 28: Acid Consumption and Reagent Costs
ACID CONSUMPTION AND REAGENT COSTS IMPORTANT TO CONSIDER TOTAL REAGENT REQUIREMENTS, NOT JUST ONE STEP IN THE PROCESS For personal use only • Vendor discussions confirm viability of potential site-based chlor-alkali facility • Indicative pricing for a chlor-alkali electrolyser is approximately £3M e
Slide 29: Clay-Hosted REE Projects - What's the Difference?
CLAY-HOSTED REE PROJECTS – WHAT’S THE DIFFERENCE? PROCESSING STEPS ARE SIMILAR, MAINLY USING DIFFERENT REAGENTS AND TIME For personal use only OD6 PROPOSED FLOWSHEET ACLARA AND METEORIC PROPOSED FLOWSHEET KEY POINTS TO NOTE REAGENTS AND ESTIMATED COSTS • OD6 Longer leach times = more tanks • Hydroch
Slide 30: Metallurgical Test Program Moving Forward
METALLURGICAL TEST PROGRAM MOVING FORWARD WORKING WITH ANSTO TO METHODICALLY OPTIMISE THE PROCESS For personal use only • Review leach performance of upgraded fines fractions following screening @75 µm • Bench scale tests to assess and determine preferred slurry densities and further optimise leach
Slide 31: Peer Calculations and Reference Details
PEER CALCULATIONS AND REFERENCE DETAILS Measured: Market ASX Net cash Enterprise value For personal use only 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
Slide 32: Peer Metallurgy Results Reference Details
PEER METALLURGY RESULTS REFERENCE DETAILS ASX Company Time Recovery (high) Recovery (Average) Reference code For personal use only OD6 Metals OD6 6 hours 90% 60% High Metallurgical Recoveries Continue at Splinter Rock Project, 13 May 2024 First Mixed Rare Earth Carbonate (MREC) Produced for Caldeira
Slide 33: Contact Us
For personal use only CONTACT US 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 ASX:OD6