The third phase program at OD6 Metals’ Splinter Rock project in Western Australia aims to expand the length of the main prospects in line with the company’s strategy of pursuing the ‘best of the best’ zones.

 Using the successful Airborne Electromagnetic (AEM) Survey that has facilitated the mapping of clay basin locations and potential thickness during the earlier two phases of drilling, OD6 Metals’ (ASX:OD6) says its main focus now is to test the length (up to 20km) of the main prospects, plus determine the continuity of grade and thickness of the extensions.

The 188 hole, 10,000m drill program, partly funded through the Western Australian Governments Exploration Incentive Scheme (EIS), is anticipated to be a 6–8-week drill campaign subject to the seasonal conditions with assays expected in late Q3.

Splinter Rock, located in WA’s Goldfields-Esperance region, contains widespread-thick high-grade clay hosted rare earth element (REE) mineralisation which are becoming increasingly important in the global economy with its use in permanent magnets for electric vehicles.

Metallurgical samples will also be selected for further work at ANSTO once assays have been received.

Drilling to double

“Since listing on the ASX a year ago, the success of our drilling programs at our flagship Splinter Rock project has exceeded our expectations,” OD6 MD Brett Hazelden says.

“This new drill program is set to nearly double the amount of drilling conducted up until now, is targeted using our highly effective AEM data, and we anticipate expanding our clay hosted rare earths discovery even further.”

The Phase 3 drill program is also partly funded through the Western Australian Governments Exploration Incentive Scheme (EIS) Co-funded drilling program.

OD6 is currently targeting a Maiden Mineral Resource Estimate with all the key elements being present in terms of grade, magnet rare content, thickness, size and good leach recoveries.

 

 

 

This article was developed in collaboration with OD6 Metals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Read MoreRare Earths

Featured Companies

You might be interested in