OD6 Metals Advances High-Grade Rare Earth Flowsheet and Copper Exploration While Maintaining Solid Cash Position

OD6 Metals Ltd. ( (AU:OD6) ) has provided an update.

OD6 Metals has reported strong quarterly progress across its rare earth and copper portfolios, highlighted by the selection of an innovative, multi-stage processing flowsheet at its Splinter Rock project that delivers about 75% overall recovery of neodymium and praseodymium and produces high-grade mixed rare earth carbonate and hydroxide products with low impurities and extremely low uranium and thorium content. The company has completed a metallurgical diamond core drilling program at Splinter Rock, advanced ANSTO-led testwork to optimise heap leach and impurity removal, begun preparing product samples for offtake discussions, contributed to an industry-led Critical Minerals Strategic Reserve framework, and advanced exploration at the Gulf Creek Copper Project with downhole geophysics, geological reinterpretation and pending assays, all while maintaining a solid cash position of A$2.045 million to support its development trajectory.

The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.

More about OD6 Metals Ltd.

OD6 Metals Ltd is an emerging Australian critical minerals developer focused on rare earth elements and copper, with flagship operations at the Splinter Rock Rare Earth Project in Western Australia and the Gulf Creek Copper Project in New South Wales. The company is targeting production of more than 6,000 tonnes per annum of rare earth oxides, primarily in the form of mixed rare earth carbonate or hydroxide products rich in key magnetic elements such as neodymium, praseodymium, dysprosium and terbium, aimed at supplying secure, high-quality feedstock into global permanent magnet and allied critical minerals supply chains.

Average Trading Volume: 1,933,293

Technical Sentiment Signal: Buy

Current Market Cap: A$16.6M

See more data about OD6 stock on TipRanks’ Stock Analysis page.