OD6 Metals announces Australia’s biggest clay-hosted REE resource
Melbourne, Victoria
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July 19, 2023 11:05 AM Eastern Daylight Time
OD6 Metals Ltd (ASX:OD6) MD Brett Hazelden discusses with Proactive a maiden inferred mineral resource estimate (MRE) of 344 million tonnes at 1,308ppm TREO at a 1,000ppm cut-off grade for its Splinter Rock Rare Earth Project - one of the largest and highest-grade clay-hosted rare earth resources in Australia. The MRE includes 149 million tonnes at 1,423 ppm TREO with 23% magnet rare earth oxides (MREO) at the standout Centre Prospect and near-surface mineralisation up to 70 metres thick.
“This remarkable milestone has been achieved within our first year of listed life.
"With less than 5% of our clay basin area tested and phase three drilling underway, over the next 6 to 18 months there is significant potential to grow the resource base and by applying our geometallurgical exploration techniques, prioritise the ‘best of the best’ in terms of grade, MagREO content, thickness and metallurgical recovery is the backbone of the company’s focus and we look forward to both expanding the current resource and zeroing in on our high-priority areas.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
