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OD6 Metals Ltd.
(Sydney:OD6)
OD6 Metals Ltd. (OD6) vs. iShares MSCI Australia ETF (EWA)
OD6 Metals Ltd. Business Overview & Revenue Model
OD6 Metals Ltd. Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | ― | 0.00 |
| EBITDA | -1.25M | -1.57M | -1.42M | -1.24M | 0.00 |
| Net Income | -2.62M | -440.85K | -1.36M | -1.34M | -117.10K |
Balance Sheet | |||||
| Total Assets | 8.32M | 9.70M | 8.61M | 9.39M | 144.90K |
| Cash, Cash Equivalents and Short-Term Investments | 1.09M | 2.33M | 3.52M | 8.36M | 0.00 |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 143.34K |
| Total Liabilities | 297.10K | 472.19K | 945.59K | 670.20K | 174.17K |
| Stockholders Equity | 8.02M | 9.23M | 7.67M | 8.72M | -29.27K |
Cash Flow | |||||
| Free Cash Flow | -2.23M | -2.81M | -3.52M | -659.40K | 0.00 |
| Operating Cash Flow | -603.36K | 23.87K | -972.00 | -490.00 | 0.00 |
| Investing Cash Flow | -1.62M | -2.84M | -3.52M | -658.91K | 0.00 |
| Financing Cash Flow | 989.41K | 1.62M | -347.00K | 9.51M | 0.00 |
OD6 Metals Ltd. Technical Analysis
OD6 Metals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$14.79M | -6.99 | -23.12% | ― | ― | 83.93% | |
49 Neutral | AU$31.87M | -7.10 | -99.27% | ― | ― | -36.36% | |
44 Neutral | AU$22.67M | -1.34 | -34.59% | ― | ― | ― | |
43 Neutral | AU$6.44M | -0.93 | -120.84% | ― | ― | -349.06% | |
42 Neutral | AU$5.56M | -5.50 | -166.86% | ― | ― | 47.88% | |
38 Underperform | AU$4.73M | -5.50 | -26.98% | ― | ― | 4.35% |
OD6 Metals Ltd. Corporate Events
OD6 Metals has materially strengthened its balance sheet, reporting cash of $3.47 million after Tranche 1 of a recent capital raising, with a further $870,000 expected subject to shareholder approval, which would lift cash to $4.34 million and allow accelerated exploration across its portfolio. Additional funding of $789,000 from exercised options and a proposed ASX quotation of 10 cent options are aimed at improving liquidity, aligning its capital structure with growth plans and providing flexibility for future funding.
On the project front, OD6 is advancing due diligence at the Quinn Fluorspar Project in Nevada, where early field work, pending assays and expanded landholding support its view of strong fluorspar prospectivity and potential exposure to the U.S. critical minerals supply chain. At Splinter Rock in Western Australia, Phase 5 metallurgical test work is optimising a heap-leach based flowsheet for high-quality rare earth products to underpin economics and offtake discussions, while at Gulf Creek in New South Wales, drilling has confirmed VMS-style stratigraphy and a strong off-hole conductor that may represent a new high-grade copper target, positioning the company for multiple near-term exploration and technical catalysts.
The most recent analyst rating on (AU:OD6) stock is a Sell 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.
OD6 Metals has issued 6,834,932 fully paid ordinary shares following the conversion of unlisted options and has confirmed that this equity issuance was conducted without a prospectus under the Corporations Act disclosure exemptions. The company stated it remains compliant with ongoing reporting and continuous disclosure obligations and that there is no undisclosed price-sensitive information, signalling a routine capital structure adjustment rather than a shift in strategic direction.
The miner’s operations are anchored by the Splinter Rock rare earths project in Western Australia, where it has defined a large, high-grade clay-hosted resource and developed a flowsheet delivering strong recoveries and high-purity rare earth products. OD6 is also positioning for growth through its Quinn Fluorspar option in Nevada, a strategic U.S. critical mineral, and by advancing the Gulf Creek copper-zinc project in New South Wales, giving it diversified exposure across key energy transition and technology metals.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals Ltd. has applied to the Australian Securities Exchange for quotation of 6,834,932 ordinary fully paid shares, with an issue date of March 20, 2026. The new securities arise from the exercise or conversion of existing options or other convertible securities, modestly increasing the company’s listed share base and potentially enhancing liquidity for shareholders without altering its disclosed operational profile.
The application, lodged as an Appendix 2A, confirms OD6’s compliance with ASX listing rules in relation to the new securities. While the announcement is administrative in nature, the additional quoted shares may support improved trading volumes and broaden investor participation, but it does not itself signal any change in strategic direction, assets, or underlying business activities.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has called a general meeting of shareholders for 10:00 a.m. AWST on 22 April 2026 at its Subiaco, Western Australia office, with the notice of meeting available online via the company’s website, ASX platform, or emailed links for investors who have opted for electronic communications. The company is encouraging shareholders to lodge proxy votes electronically or by post ahead of the meeting deadline on 20 April 2026 and notes it will monitor government guidance for any required changes to the meeting arrangements, which will be communicated via ASX announcements and its website.
Shareholders who have not elected to receive hard-copy notices will access meeting documentation digitally, reflecting OD6 Metals’ move towards electronic communication in line with Corporations Act provisions. The company has emphasized the importance of shareholders reading the notice in full and seeking professional advice if uncertain about their voting decisions, reinforcing governance and engagement ahead of the April 2026 meeting.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has appointed former Australian foreign minister Julie Bishop and her advisory firm, Julie Bishop & Partners, as strategic advisor to support advancement of its Splinter Rock rare earth and Quinn Fluorspar projects across Australia and the United States. The engagement brings high-level geopolitical, government and regulatory expertise aimed at aligning the projects with growing trans-Pacific government initiatives to secure critical mineral supply chains and enhance the strategic importance of OD6’s assets for industrial and defence stakeholders.
Management highlighted that Splinter Rock is emerging as a leading clay-hosted rare earth opportunity in Australia, while the Quinn Fluorspar Project significantly increases OD6’s exposure to US critical minerals policy settings. By leveraging Bishop’s extensive diplomatic experience and JBP’s depth in government processes and international funding, OD6 expects to strengthen access to support mechanisms, streamline permitting and build strategic partnerships with governments, financiers and downstream customers as the projects move toward development and potential production.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has issued 49.5 million new fully paid ordinary shares under the first tranche of a placement and a further 1.85 million shares from the conversion of unlisted options, expanding its share capital base. The company confirmed the securities were issued without a prospectus under relevant Corporations Act provisions and stated it is compliant with continuous disclosure and financial reporting obligations, with no undisclosed price-sensitive information, providing regulatory clarity for investors.
These share issues bolster OD6 Metals’ funding capacity as it progresses exploration and development across its rare earths, fluorspar and copper assets in Australia and the U.S. By affirming compliance with Australian corporate law and the absence of excluded information, the company aims to underpin market confidence and facilitate secondary trading of the new securities for existing and new shareholders.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals Ltd. has applied for quotation on the ASX of 49,500,000 new ordinary fully paid shares, following the issue of these securities as part of previously announced transactions. The application, lodged via an Appendix 2A on 9 March 2026, will expand the number of OD6 shares available for trading, potentially enhancing liquidity and broadening the company’s investor base.
The move formalises the transition of these previously flagged securities into quoted stock on the exchange, aligning OD6’s capital structure with earlier market disclosures. Increased quoted equity may support future corporate activity and funding flexibility, with implications for existing shareholders as the enlarged register is reflected in market trading.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has applied for quotation of 1,850,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of March 9, 2026. The new securities arise from the exercise or conversion of options or other convertible instruments, slightly increasing the company’s listed share base and potentially affecting liquidity and existing shareholders’ ownership percentages.
The application, lodged as an Appendix 2A under ASX Listing Rules, confirms OD6 Metals’ compliance with standard listing requirements for new security quotations. While financial or strategic details are not disclosed, the move signals continued capital market activity that may support the company’s funding flexibility and engagement with investors.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals Ltd has released its interim financial report for the six months ended 31 December 2025, outlining the company’s governance and corporate structure during the period. The report notes board changes, including the resignation of former non-executive chairman Dr Darren Holden and the appointment of Piers Lewis as non-executive chairman, alongside confirmation of key advisers such as its auditor, share registry, legal counsel and bankers.
These disclosures signal an ongoing refinement of OD6 Metals’ leadership and corporate infrastructure as it progresses its activities as an ASX-listed resource company. The clarified roles of directors, joint company secretaries and external service providers provide investors with greater transparency on the company’s oversight and operational support framework.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has outlined details of its Quinn Fluorspar Project acquisition in the U.S., framing it as a strategic opportunity within the critical minerals sector. The company highlights that all exploration results for the project are historic, with data reviewed but not independently verified by its geological advisor, and emphasises that no assurances can be made about future resource development.
The release is heavily caveated, stressing that the information is informational only, not financial advice, and that any potential future performance of the project or OD6’s securities is uncertain and speculative. OD6 underscores the risks and uncertainties surrounding forward-looking statements, noting that estimates depend on volatile technical, economic, and political factors and that investors should not rely on these statements as guarantees of future outcomes.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals Ltd., an ASX-listed minerals explorer, has moved to strengthen its capital structure by proposing the issue of up to 9.5 million options. The options, carrying an exercise price of A$0.10 and expiring on 30 April 2028, are to be listed under the code OD6AP, reflecting the company’s ongoing use of equity-linked instruments to support project development and corporate funding.
The securities will be issued via a placement or similar structure, with the proposed issue date set for 6 March 2026, subject to ASX processes. While no use-of-proceeds detail is provided, the additional options expand OD6 Metals’ potential future equity base, offering flexibility for capital raising and potentially diluting existing holders if exercised, which is typical in early-stage resource companies.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 49,500,000 new ordinary fully paid shares. The new securities are scheduled for issue on 6 March 2026, indicating a significant capital raising that will expand the company’s share base and provide additional funding flexibility for its exploration and development plans.
The proposed share issue underscores OD6 Metals’ reliance on equity markets to finance its growth strategy and may dilute existing shareholders while potentially strengthening the company’s balance sheet. The placement structure positions OD6 to secure fresh capital that could support project advancement and enhance its competitiveness in the Australian metals and mining sector.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has lodged an Appendix 3B with the ASX detailing a proposed capital raising via a placement or similar issue structure. The company plans to issue up to 27,550,000 new fully paid ordinary shares and 10,000,000 options exercisable at A$0.10 and expiring on 30 April 2028, with the proposed issue date set for 6 March 2026.
The securities will be quoted on ASX subject to standard listing rule processes, signalling an expansion of OD6 Metals’ capital base to support its ongoing operations and growth plans. This move will increase the company’s share and option count, potentially diluting existing holders but providing additional funding flexibility as it advances its projects in the competitive Australian metals sector.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has secured an exclusive option to acquire the Quinn Fluorspar Project in Nevada, a district-scale cluster of historic, ultra high‑grade fluorspar deposits across 48 state mining claims about 220 kilometres north of Las Vegas. Historic sampling at multiple prospects, including Mammoth, Spar Mine, Big Jim and Horseshoe, has returned exceptionally high CaF₂ grades, with significant mapped mineralised zones that have seen little to no modern drilling.
Fluorspar is listed as a critical mineral in major economies, and the U.S. is currently fully reliant on imports, giving the proposed acquisition strategic significance as Washington seeks to boost domestic supply. OD6 has structured a low‑risk, milestone‑based deal totalling up to A$3.8 million plus royalties, and has raised A$3.4 million in a two‑tranche placement to fund due diligence and early work, positioning the company to rapidly test and potentially define resources if it proceeds with the transaction.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has requested and been granted a trading halt on its ordinary shares by the ASX, effective 2 March 2026, while it prepares a market announcement. The halt is expected to remain in place until no later than the start of trading on Wednesday, 4 March 2026, or until the company releases its announcement.
The company says the pause in trading is necessary as it finalises details of a material acquisition of a U.S. critical minerals project alongside a capital raising. The pending deal signals a strategic push into the U.S. critical minerals space and suggests forthcoming funding that could reshape OD6’s asset base and growth trajectory, with potential implications for shareholders and sector peers.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
OD6 Metals has received A$216,400 under Australia’s R&D Tax Incentive scheme for eligible research and development work undertaken in the 2024/25 financial year at its Splinter Rock clay-hosted rare earths project near Esperance in Western Australia. The funds will support ongoing technology development for discovering and extracting rare earth elements, underpinned by collaborations with CSIRO, ANSTO and private research providers, reinforcing the company’s commitment to advancing critical minerals processing and bolstering the long-term development prospects of the Splinter Rock rare earths operation and the emerging rare earths industry in the region.
The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.
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.
OD6 Metals has completed processing and interpretation of a downhole electromagnetic (DHEM) survey at its Gulf Creek Copper Project in northern New South Wales, identifying a strong off-hole conductor about 75 metres beyond the end of drill hole GDD010 near historic high-grade copper workings. The company says this newly modelled conductor, combined with geological reinterpretation suggesting a fault-offset of historic lodes and confirmation of conductors associated with known mineralisation, provides a compelling high-priority drill target and reinforces the project’s prospectivity, with assay results from recent diamond drilling pending and approvals already in place for up to 25 follow-up holes.
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.
OD6 Metals has commenced advanced metallurgical testwork at the Australian Nuclear Science and Technology Organisation to optimise and scale up the processing flowsheet for its 682Mt Splinter Rock Rare Earth Project in Western Australia. Backed by a commitment of more than A$1 million, the program focuses on heap leach optimisation, impurity removal, and bulk production of mixed rare earth carbonate and hydroxide product samples to support offtake, financing, and future development studies, while also assessing recovery of other elements of interest and leveraging research and development tax incentives to further de-risk the project and strengthen its role in Australia’s emerging critical minerals strategy.
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.
OD6 Metals Ltd has issued 300,000 fully paid ordinary shares following the conversion of unlisted options, and has confirmed that these shares were issued without a prospectus under applicable Corporations Act provisions. The company states it remains compliant with its continuous disclosure and financial reporting obligations and that there is no undisclosed price-sensitive information, signalling to investors that the capital structure adjustment is routine and does not reflect any hidden changes in its operational or strategic outlook.
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.
OD6 Metals Ltd has applied to the ASX for quotation of 300,000 new ordinary fully paid shares, to be issued on 14 January 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly increase the company’s quoted capital base, potentially enhancing liquidity for shareholders without materially altering its overall capital structure.
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.
OD6 Metals has joined a consortium of rare earth and critical minerals developers led by the Association of Mining and Exploration Companies to help shape an industry-driven framework for Australia’s new $1.2 billion Critical Minerals Strategic Reserve, which is designed to support long-term offtake pathways, supply chain resilience and market certainty for producers such as its Splinter Rock Rare Earth Project. By actively participating in the CMSR policy development and welcoming enabling legislation and expanded financing powers for Export Finance Australia, OD6 is seeking to embed its Western Australian projects within the nation’s emerging critical minerals strategy and strengthen its positioning as a reliable supplier to international partners amid growing global competition for rare earths and other critical commodities.
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.
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.
OD6 Metals Limited has applied to the ASX for quotation of 1,000,000 new ordinary fully paid shares, to be issued on 6 January 2026 following the exercise or conversion of existing options or other convertible securities. The additional share quotation modestly expands the company’s listed capital base, reflecting the utilisation of previously issued convertible instruments and potentially improving liquidity for shareholders without altering the company’s core operations.
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.