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OD6 Metals Ltd. ( (AU:OD6) ) has shared an update.
OD6 Metals Ltd has issued 1,000,000 fully paid ordinary shares following the conversion of unlisted options and has notified the ASX that these new shares were issued without a prospectus under the relevant sections of the Corporations Act. The company advised that it remains compliant with its financial reporting and continuous disclosure obligations and that there is no undisclosed price-sensitive information, signalling that the capital structure change is routine in nature while supporting ongoing work on its rare earths and copper portfolio.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.08 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 Australian public company focused on exploration and development in the critical minerals sector, primarily clay-hosted rare earth elements and copper. Its flagship asset is the 100%-owned Splinter Rock project in Western Australia, which hosts what the company describes as the largest and highest-grade clay-hosted rare earths deposit in Australia, with substantial indicated and inferred resources and a high proportion of magnetic rare earths. OD6 is also progressing the proposed acquisition of the historic Gulf Creek Copper-Zinc VMS Project in New South Wales, aiming to apply modern exploration techniques across largely untested strike to revitalise a once high-grade copper operation.
Average Trading Volume: 2,171,357
Technical Sentiment Signal: Buy
Current Market Cap: A$16.69M
Find detailed analytics on OD6 stock on TipRanks’ Stock Analysis page.