by –News Direct–
OD6 Metals Ltd (ASX:OD6) MD Brett Hazelden gives Proactive a recap on the companys September quarter highlights and its recent phase 3 drilling. This included a maiden inferred mineral resource estimate of 344 million tonnes at 1,308ppm total rare earth oxides (TREO) for its Splinter Rock rare earth project, which is emerging as one of the largest and highest-grade clay-hosted rare earth resources in Australia. OD6 recently released "outstanding" results with grades up to 4,159 ppm TREO from phase 3 drilling with further assays and metallurgical results due in November.
Hazelden said, Im pleased to report on what has been another exciting quarter of exploration and project advancement, culminating in the declaration of a large, high-grade maiden MRE at Splinter Rock. This immediately put us on the map with our Splinter Rock Project emerging as one of the largest and highest-grade clay-hosted rare earth resources in Australia. Our exploration team completed Phase 3 drilling, with a total of 145 total holes drilled for 7,435m. Initial results returned fantastic outcomes, with observed grades in combination with clay length and thickness significantly expanding Props potential. We continue to prudently manage exploration spend, with our treasury position remain strong which is anticipated to be further bolstered by a large R&D tax rebate during the current quarter. The OD6 team is excited for the next phase of project advancement where we delve into the pending results from the ANSTO mineralogy and metallurgical test work.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/od6-metals-awaits-metwork-results-for-australias-best-clay-hosted-rare-earths-project-239012168
OD6 Metals Ltd
COMTEX_442737248/2655/2023-10-31T14:19:47
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.