Od6 Metals Ltd. · ASX:OD6
Od6 Metals — Shareholder Meeting (November 2023)
26 slides from Od6 Metals's shareholder meeting presentation, Nov 23, 2023
Slide 1: 2023 Annual General Meeting Chair's Address
ASX Announcement 23 November 2023 ASX: OD6 2023 Annual General Meeting Chair’s Address To our Shareholders, On behalf of the board of directors, I would like to acknowledge the Traditional Owners of the land upon which we meet to today, the Whadjuk People. Furthermore, I would like to acknowledge th
Slide 2: Chair's Address (continued)
The second half of the financial year also saw further drilling at Splinter Rock, to strengthen and expand on the earlier results. An initial metallurgical test work program, through the Australian Nuclear Science and Technology Organisation (ANSTO), recorded some excellent recoveries and provides a
Slide 3: Chair's Address (concluded)
As always, our activities are underpinned by high standards of business ethics, governance and regulatory compliance, along with acting with integrity to responsibly deliver future rare earth resources for a low carbon future. I am proud to again state that OD6 Metals fulfilled each of the short-ter
Slide 4: Australian Critical Rare Earth Minerals
Australian Critical Rare Earth Minerals AGM Presentation 23 November 2023 ASX I OD6 1
Slide 5: Important Information
Important Information Disclaimer Forward Looking Statements This presentation has been prepared by OD6 Metals Ltd (ACN 654 839 602) (OD6) and is current as Certain statements contained in this presentation, including information as to the future financial or at the date of this document. The informa
Slide 6: Globally Significant Clay Hosted Rare Earth Discovery
Globally Significant Clay Hosted Rare Earth Discovery 100% owned project areas in one of the world’s great mining countries • 344Mt @ 1,308ppm TREO Inferred Resource at a 1,000ppm cut off grade at Splinter Rock • MagREO represent an average of ~23% of TREO grade • Thick 10-80m intersections • High 6
Slide 7: The Premier Australian Clay-hosted REE Project
The Premier Australian Clay-hosted REE Project Already 450k tonnes of contained TREO with 103k tonnes of high value MagREE Rare Earth Element Deposits Enterprise value (bubble size reflected contained TREO) (A$M) 3,000 419 Targeting Mineral Resource expansion High valuation re-rate based on recent p
Slide 8: What does an Economic Project Look Like?
What does an Economic Project Look Like? Most analysts in the sector are using 5Mtpa for a key reason – REVENUE TREO Clay volume TREO Metallurgical MagREO produced % Revenue p.a. @ produced AUD;USD treated (tpa) (ppm) recovery (tpa) @23% (tpa) payable US$50/kg TREO Key Value Drivers 10,000,000 1,500
Slide 9: Exceptional Phase 3 Drilling Success
Exceptional Phase 3 Drilling Success Real and substantial potential for Mineral Resource expansion Significant Results recently announced at Centre Prospect1 • 58 metres at 2,060ppm TREO (21.8% MREO) from 21 metres (SRAC0356) • 77 metres at 1,429ppm TREO (22.5% MREO) from 18 metres (SRAC0357) • 69 m
Slide 10: Inside Centre is a Thick High-Grade Area
Inside Centre is a Thick High-Grade Area 2km x 1km, up to 69m thick, with grades of 1,400ppm to 2,200ppm TREO 7
Slide 11: 2024 Infill and Regional Drilling
2024 Infill and Regional Drilling Continue to focus on identifying the “Best of the Best” Forward program, 2024 exploration focus: • Infill drilling at Centre and Prop • Expansional/extensional drilling at Centre, Flanker and Scrum • Testing new regional drilling at Loosehead and Tighthead 8
Slide 12: Strong Metallurgical Results
Strong Metallurgical Results Identifying the best metallurgical areas • Very high metallurgical recoveries achieved using Centre Prospect simple acid leach 54% to 78% recoveries • Average 61% MagREO recovery (range 43-87%) at (average 62%) 20g/l HCl Scrum three samples Prospect • Average 16 kg HCl/t
Slide 13: Acid Consumption and Reagent Costs
Acid Consumption and Reagent Costs Important to consider total reagent requirements, not just one step in the process • Vendor discussions confirm viability of potential site-based chlor-alkali facility • Indicative pricing for a chlor-alkali electrolyser is approximately £3M each (A$5.7M) • Chlor-a
Slide 14: Clay-hosted REE Projects – what's the difference?
Clay-hosted REE Projects – what’s the difference? Processing steps are similar, mainly using different reagents and time OD6 Proposed Flowsheet Aclara & Meteoric Proposed Flowsheet No drill & blast No crushing No milling No flotation No high temperature Key Points to Note Reagents & Estimated Costs
Slide 15: Sustainably Creating Value
Sustainably Creating Value Acting with integrity to responsibly deliver rare earth resources for a low carbon future Our sustainability priorities: ESG Workplace health Aboriginal Business ethics and saftey and engagement, mental health heritage and Our aim is to minimize Traditional Owners our envi
Slide 16: Using Green Power to Lower Operating Costs
Using Green Power to Lower Operating Costs Rare Earths are key to Source: https://pacificenergy.com.au/project/esperance-power-station/ decarbonisation Our goal is to build a mine that minimises greenhouse gas emissions and long term power costs Ultimately Net Zero is the goal for what could be a mu
Slide 17: Pursuing The Best Of The Best
Pursuing The Best Of The Best A disciplined approach to maximising value Explore Design Evaluate • Identify high-grade, • Optimise leach • Pursue “Best of the ‘sweet-spot’ REE recovery and Best” grade, recovery, zones impurity removal stripping ratio and acid consumption • Aggressively grow • Remove
Slide 18: OD6 Has Significant Growth Potential
OD6 Has Significant Growth Potential Upside potential compared to peers Comparison of Enterprise Value per MagREO tonne (A$ / tonne MagREO) Key catalysts for 1,686 relative value uplift relative to peers on per Strong foundation for growth potential tonne MagREO basis 1,270 High potential for immine
Slide 19: Corporate snapshot
Corporate snapshot High calibre leadership team, tight capital structure and well-funded Capital Structure ASX: OD6 Price per share1 A$0.19 Total number of shares on issue2 102.45M Performance rights and options2 32.70M Market capitalisation (undiluted)1 A$19.46M Dr Darren Mr Brett Mr Piers Dr Mitch
Slide 20: Investment Highlights
Investment Highlights 1 Dominant land holding near Esperance port 100% interest in a vast tenement package with multiple rare earth mineralised prospects 2 Targeting critical rare earth element materials Consumption of rare earth magnets expected to triple by 2035 Globally significant new maiden Min
Slide 21: Appendix
Appendix ASX I OD6
Slide 22: Splinter Rock Mineral Resource Estimate
Splinter Rock Mineral Resource Estimate At 1,000 ppm cutoff grade Tonnes TREO Pr6O11 Nd2O3 Tb4O7 Dy2O3 MagREO MagREO Prospect Category (Mt) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (% of TREO) Centre Inferred 149 1,423 71.2 244.6 2.6 14.1 329 23.1 Scrum Inferred 120 1,222 57.7 208.1 2.7 14.7 283 23.2 Aus
Slide 23: Splinter Rock Mineral Resource Estimate
Splinter Rock Mineral Resource Estimate Focused on quality over quantity of resource P Cut-off grade (ppm TREO) 400 Tonnes (Mt) 1,141 TREO (ppm) 869 Contained TREO MagREO (k tonne) 992 (ppm) 198 MagREO (% of TREO) 22.7 Contained MagREO (k tonnes) 225 600 838 1,006 842 230 22.9 192 A quality MRE 800
Slide 24: MRE TREO Value and Distribution
MRE TREO Value and Distribution Nd, Pr, Dy, Tb represent ~90% of potential contained value TREO REE value TREO % distribution Value Distribution 54.7% Nd2O3 16.8% Nd2O3 MagREO 15.0% Pr6O11 4.8% Tb4O7 10.4% Dy2O3 1.1% 9.0% Tb4O7 0.2% La2O3 Pr6O11 MagREO 2.6% Gd2O3 1.5% is ~90% 1.8% CeO2 44.3% 1,308 p
Slide 25: Appendix A: Peer calculations and reference details
Appendix A Peer calculations and reference details ASX Measured: Indicated: Inferred Market capitalisation Net cash Enterprise value Company Reference code Ratio (Mt) (A$) (A$) (A$) Splinter Rock Maiden Mineral Resource, 18 July 2023 OD6 Metals OD6 0 : 0 : 344 A$ 17M A$ 3M A$ 14M Quarterly Activitie
Slide 26: Contact us
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 I OD6