Source: Australian Outback, Adobe Stocl
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • OD6 Metals (ASX:OD6) has announces metallurgical recoveries at Grass Patch in Western Australia validated by testing at the Australian Nuclear Science Organisation (ANSTO)
  • Initial 2023 drill program, 11 samples were selected from Belgian, Circle Valley, and Scaddan prospect areas
  • Grass Patch’s REEs include ionically adsorbed, acid-soluble, and refractory types
  • OD6 last traded at 9.3c, at 12:40pm AEDT

OD6 Metals (ASX:OD6) has announced metallurgical recoveries at Grass Patch in Western Australia validated by testing at the Australian Nuclear Science Organisation (ANSTO).

ANSTO is responsible for all rare earth assaying in Australia given the common coincidence of many REEs with thorium, a radioactive element.

Samples were selected from three identified areas, showcasing diverse material behaviours in three prospective target areas: Belgian, Circle Valley, and Scaddan.

Belgian showed a notable multi-channel feature on AEM, with magnetic rare earth (MagRE) recoveries ranged from 47% to 87%.

At Circle Valley, characterised by a large clay basin, MagRE recoveries averaged between 66% and 82%, with carbonaceous shales below the basin.

Scaddan, the third target and another boasting a large clay basin, had MagRE recoveries between 40% and 50%.

Leaching involved 25g/L hydrochloric acid maintained at 30C over a 24-hour period. Recoveries were then calculated based on the discrepancy between assayed solid head and solid residue.

According to the company, the Lithium Borate Fusion Digest method boosts head grade by up to 30%, the extra grade is suggested to be unlikely to be recoverable in a clay-hosted rare earth processing plan.

OD6 plans to continue the Grass Patch works program, through additional Phase 2 reconnaissance drilling and sighter bottle roll tests on selected Phase 2 drill samples.

OD6 last traded at 9.3c, at 12:40pm AEDT.

OD6 by the numbers
More From The Market Online
The Market Online Video

ASX Market Open: Fall certain on RBA halt; let’s see what Bullock clues we get | Dec 9

ASX today – With the Reserve Bank expected to make a 'hold' call today, Australian shares…
The Market Online Video

Market Close: It’s Week 50 of the year!; Fed cut likely (RBA not so much) & rare earths jitters?

Good Afternoon and welcome to Market Close for Monday of Week 50, I’m Jon Davidson.
The Market Online Video

Rent-vesting in Australia: The smart path to property ownership

This week on Money and Investing, Mitch Olarenshaw and I break down the growing trend of “rent-vesting” in Australia, explaining how it works
Radioisotope concept

Low liquidity, apparent disinterest see slump for Anson lithium offtake deal

Anson Resources has seen its shares fall -6% on the back of a fresh lithium chloride…