Join our daily newsletter At The Bell to receive exclusive market insights
- OD6 Metals (OD6) reports “outstanding” initial assay results from its Splinter Rock project in Western Australia
- The company received assays for 65 out of 179 holes with 47 returning significant total rare earth oxide (TREO) values
- Drilling intersected up to 4139 parts per million (ppm) TREO with results for the remaining holes expected over the coming weeks
- Further, four new prospects were identified with each spanning a strike of between four to seven kilometres and intersecting up to 2287 ppm TREO
- OD6 is up 41.3 per cent on the market with shares trading at 32.5 cents at 12:51 pm AEDT
OD6 Metals (OD6) has reported “outstanding” initial assay results from its Splinter Rock project in Western Australia.
Of the 179 holes drilled, the company received results for 65 of the 179 completed hole. Forty seven of the holes returned significant total rare earth oxide (TREO) values
Significant results include 27 metres at 1400 parts per million (ppm) TREO from 18 metres including six metres at 4139 ppm TREO from 27 metres.
Results for the remaining holes are expected to be progressively received over the coming weeks.
Further, four new prospects were identified with each spanning a strike length of between four to seven kilometres.
The prospects are named Scrum, Centre, Flanker and Prop, and have grades ranging up to 2287 ppm TREO. Additionally, all four prospects contain a variable amount of transported cover and saprolitic clays.
Managing Director Brett Hazelden said these initial assays are outstanding for the company.
“The extent and consistency of these shallow, high-grade clays have resulted in four significant prospects being identified that are between four and seven kilometres in width which are open in length, on our 2579 square kilometre Splinter Rock project,” he said.
“Importantly, these drill results validate historic assays, plus they extend the discovery of clay-hosted rare earths across a new drill line perpendicular to the original line. This bodes well for future drilling, which we anticipate will significantly grow the known mineralised area.”
OD6 was up 41.3 per cent on the market with shares trading at 32.5 cents at 12:51 pm AEDT.
