OD6 is positioned to take advantage of critical, high value magnet Rare Earths

Company name: OD6 METALS LIMITED

Code: OD6.ASX

?Capital proceeds will place OD6 in a strong position to capitalise on?Splinter Rock Project has the potential to be a truly world class project.?OD6’s Managing Director, Brett Hazelden commented on the capital raise?‘ensures OD6 is well funded to advance the Splinter Rock Project with a significant focus on the Inside Centre Prospect. Metallurgical work to be undertaken at ANSTO, will look to optimise our already impressive leach recoveries and low reagent usage, with the next step of producing a high-quality Mixed Rare Earth Carbonate, that will enable discussions to be held with various potential strategic partners and off-takers. These works will then form the basis and the delivery of a Scoping Study scheduled for completion by calendar year end.’ ?

factual information provided by the company:

• OD6 is positioned to take advantage?of critical, high value magnet Rare Earths?which are becoming increasingly important in the global economy, with uses including advanced electronics, electric vehicles, wind turbines and permanent magnets

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• Significant Global Demand Expected –? NdPr Rare Earths market growth? projects require supply levels to grow by ~80% by 2035 to meet forecast demand. This is equivalent to 10-20 new mines.

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• Prime Location for future development –?OD6 is located in the Teir 1 jurisdiction of Western Australia, with the town of Esperance only ~100km away providing an operating multicommodity port, sealed roads, airport and large population to support mining in place

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• The premier Australian Clay Hosted Rare Earth deposit?– OD6 has already amassed Australia’s largest and highest grade Mineral Resource Estimate (MRE) at its flagship Splinter Rock with 344MT @1308 ppm TREO with substantial upside for a near term increase in MRE

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• Sound Metallurgical Results?have been achieved to date using a simple hydrochloric acid to leach with optimisation ongoing and ANSTO. These results are comparable or better with industry leading peers

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• No Private Royalties?are payable providing an economic advantage over some South American peers.

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• Splinter rock is not located on farming land?which minimises impacts on the local community

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• Sustainably Creating Value?Rare earth resources are key to a low carbon future. With the Esperance region known for its abundance of wind and solar energy potential

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• A clean and simple corporate structure?with only 124M shares on issue.

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• Near Term Price Catalysts?including Mineral Resource Estimate Update, New drilling Results, Metallurgical Leaching and Impurity removal Results, first MREC product and a Scoping study planned for 2024, providing OD6 with significant leverage to a turnaround in rare earth prices

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• Managing Director & Chief Executive Officer – Mr Brett Hazelden?is a Metallurgist who brings over 25 years’ experience serving the Australasian resources industry. His experience includes being a Company Director, Managing Director, CEO, Project Manager, Study Manager and originally a Metallurgist in an operating environment. Mr Hazelden brings a diverse range of capabilities from exploration, project development studies, research and development, project approvals, offtake agreements, equity raising, debt financing plus mergers and acquisitions. He has worked across multiple commodities including potash, gold, copper, zinc, lead, iron ore, tungsten, salt, diamond and now rare earth sectors. Most recently, Brett was the Co-founder and Managing Director/CEO of Kalium Lakes (ASX:KLL).

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? About the company

OD6 METALS LIMITED?(OD6)?is an ASX-listed exploration company, pursuing exploration and development opportunities within the critical mineral sector. The Company has successfully identified clay hosted rare earths at its 100% owned Splinter Rock and Grass Patch Projects, which are located in the Esperance-Goldfields region of Western Australia - about 30 to 150km northeast of the major port and town of Esperance. ? ? Drilling and geological analysis at its flagship Splinter Rock has shown widespread, thick, high-grade clay hosted REE deposits that extend over hundreds of square kilometres. Metallurgical testing using hydrochloric acid to leach the rare earths have resulted in positive REE recoveries with optimisation ongoing.

DISCLAIMER: ‘The information does not constitute personal financial advice. Consult your adviser or broker prior to making any investment decision.

For further information about this company, email – [email protected]