Od6 Metals Ltd. · ASX:OD6
Od6 Metals — Asian Rare Earths Conference 2024
28 slides from Od6 Metals's conference presentation, Apr 22, 2024
Slide 1: Australian Critical Rare Earth Minerals
For personal use only Australian Critical Rare Earth Minerals Asian Rare Earths Conference 22 & 23 April 2024 ASX I 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 Certain statements contained in this presentation, including information as to the future financial or at the date of this
Slide 3: 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 jurisdictions For personal use only Splinter Rock Maiden Inferred Mineral Resource Estimate1 • 344Mt at 1,308 ppm TREO (at a 1,000ppm cut-off grade) for ~450 kt contained TREO • MagREO r
Slide 4: Investment highlights
Investment highlights For personal use only 1 Targeting critical, high-value magnet rare earth elements Consumption expected to triple by 2035 with +10-20 new mines required to meet demand 2 Prime location for future development Tier 1 jurisdiction with access to significant infrastructure and known
Slide 5: Critical magnet rare earth elements
1. Critical magnet rare earth elements Four critical, high value metals 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 sodium magnesium aluminium silicon phosphorus sulfur chlor
Slide 6: Significant future global demand expected
1. 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
Slide 7: New Australian supply urgently needed
1. New Australian supply urgently needed Mine concentration is a significant risk to the global supply chain For personal use only 2022 Existing global mine production (t) 140,000 China continues to dominate both mine production and downstream processing Myanmar Supply risk Diversity of supply is a
Slide 8: Prime location for future development
2. Prime location for future development Existing infrastructure a key differentiating factor For personal use only Established Esperance township Ready access to Esperance bulk port • Proximate to large • Esperance Port handles coastal town Esperance. over 200 ships p.a. • Local workforce • Cape si
Slide 9: The premier Australian clay-hosted REE project
3. The premier Australian clay-hosted REE project Inferred Resource of 344Mt @ 1,308ppm TREO with substantial upside from high-grade Inside Centre discovery For personal use only Rare earth element deposits (bubble size reflects contained TREO) Enterprise value (A$M) 3000 Targeting Mineral Resource
Slide 10: Exceptional Phase drilling success
3. Exceptional Phase 3 drilling success Real and substantial upside potential in updated Mineral Resource estimate due in Q2 2024 For personal use only Significant results at Centre and Inside Centre prospects1 Inside Centre – Thick, high-grade mineralisation • 58 metres at 2,060ppm TREO (21.8% MREO
Slide 11: What does an economic project look like?
3. 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 12: Already strong metallurgical results
4. Already strong metallurgical results Identifying the best metallurgical areas to further refine potential processing route For personal use only • Very high metallurgical recoveries achieved using Centre simple acid leach Prospect 40% to 90% • Average 62% MagREO recovery (range 43% to 87%) at rec
Slide 13: A disciplined strategic approach
5. 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 a
Slide 14: Sustainably creating value
6. 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 pr
Slide 15: The Splinter Rock Project
6. The Splinter Rock Project A world-class clay-hosted REE asset progressively being de-risked For personal use only Located in Western Clean, simple No private W.A. Australia, a tier 1 $$ capital structure royalties payable jurisdiction $ No farming Regional Heritage activities on renewable energy
Slide 16: Appendix
For personal use only ASX I OD6 Appendix
Slide 17: Airborne Electromagnetic (AEM) Success
Airborne Electromagnetic (AEM) Success State of the art AEM Modelling by CSIRO For personal use only Salt water • AEM has facilitated mapping of clay locations, expanse and potential thickness • 400km2 of clay basins mapped A • Clays are conductive, and are readily Salt water mapped with AEM (yellow
Slide 18: Conceptual Geological Formation
Conceptual Geological Formation Collaborating with CSIRO to model the clay basins For personal use only Low High 18
Slide 19: Indicative processing steps
Indicative processing steps Simplified process map to deliver rare earth products For personal use only MREC/H Excavate Mine near surface clays Transport Clays to processing plant Screen Coarse material removal Acid leach Rare Earths leached into solution Purify Removal of impurities Precipitate Rar
Slide 20: 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 21: 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 No drill & blast No crushing No milling No flotation No high temperature Key points to note Rea
Slide 22: 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 • Undertake sighter bottle roll tests of selected Phase 3 and 2 drill samples • Bench scale tests
Slide 23: Splinter Rock Mineral Resource estimate
Splinter Rock Mineral Resource estimate At 1,000 ppm 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) 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
Slide 24: Splinter Rock Mineral Resource estimate
Splinter Rock Mineral Resource estimate Focused on quality over quantity of resource For personal use only 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 A quality MRE 600 838 1,006
Slide 25: 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 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
Slide 26: Peer calculations and reference details
Peer calculations and reference details For personal use only ASX Measured: Indicated: Inferred Market capitalisation Net cash Enterprise value Company Reference code Ratio (Mt) (A$) (A$) (A$) Splinter Rock Maiden Mineral Resource, 18 July 2023 OD6 Metals OD6 0 : 0 : 344 A$ 9M A$ 2M A$ 7M Quarterly
Slide 27: Peer metallurgy results reference details
Peer metallurgy results reference details For personal use only ASX Company Time Recovery (high) Recovery (Average) Reference code OD6 Metals OD6 6 hours 90% 62% Excellent Metallurgical Recoveries Continue at Splinter Rocks, 27 February 2024 First Mixed Rare Earth Carbonate (MREC) Produced for Calde
Slide 28: 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 I OD6