Proactive Investors
Published Mar 24, 2023 14:48
Updated Mar 24, 2023 15:00
OD6 Metals hits high-grade clay-hosted rare earths in maiden drilling at Grass Patch Project
OD6 Metals Ltd (ASX:OD6) has received assay results from the maiden drill program at its Grass Patch Project near Esperance in Western Australia, confirming the presence of clay-hosted rare earth element (REE) mineralisation.
Grades up to 3,340 ppm total rare earth oxides (TREO) have been identified along with significantly high magnet rare earth oxides (Mag REO) up to 38.5% of TREO grade.
Heavy rare earth oxides (HREO) and critical rare earth oxides (CREO) were also observed at elevated levels.
Rare earth oxides significant intercepts >750ppm cut-off grade TREO (ordered by TREO grade).
OD6 Metals managing director Brett Hazelden said: “These are excellent and highly encouraging results for a first pass reconnaissance drilling program of 93 holes, across our wide ranging tenure at Grass Patch.
“There have been some significant TREO grades, but of particular note is the remarkably high Magnet Rare Earth Oxides grades encountered in a number of areas, which in some cases exceed 35% of the intercepted TREO grade.”
Grass Patch Project drill locations showing significant intersections >750ppm TREO.
Hazelden added: “The three main identified prospect areas of Belgian, Circle Valley and Scaddan will now undergo metallurgical testing to determine potential rare earth recoveries, with a new drill program being planned to focus on the high grade clay hosted rare earth intercepts already encountered.
“The Grass Patch Project is OD6’s second project to have identified clay hosted rare earths, after the flagship Splinter Rock project confirmed the existence of extensive clay hosted rare earth basins late last year.”
OD6 program timeline
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