✦ Brett Hazelden, Managing Director and CEO of OD6 Metals Limited (ASX: OD6) brings the low-down on the highly anticipated Mineral Resource Estimate.
Brett is here to show how the company is moving forward with their REE story. The recent release of the mineral resource by OD6 is a significant milestone, as it provides tangible evidence of their commitment to delivering value to shareholders.
Read their ASX Announcement below on 18 July 2023
Splinter Rock Rare Earth Project Maiden Mineral Resource Estimate - 344MTR @ 1,308ppm TREO at a 1,000ppm cut off.
The recent announcement is a positive step in confirming the existence of the resource and its "good" grade. However, it's important to note that there is still limited factual evidence on the exact grade that will be viable.
Highlights from interview
Brett's emphasis on the technical challenges involved in extraction is a good sign. During the Coffee with Samso interview, Brett highlights the significance of the high grade nature of the Splinter Rock Resource. In our industry, we often say "Grade is King" for a reason. The chosen cut off grade sets a baseline requirement for OD6 to make the project economically viable.
It's worth noting that the current resource of 344MT @1,308ppm TREO represents only 5% of the total potential in the Splinter Rock project. This means that OD6 Metals still has a significant upside and room for growth.
There are lots of nuggets to take away in this conversation, and Mr. Hazelden is not one to shy away from telling the market about the challenges out there. He also goes into the technical side of things to explain why the market needs to understand that there are many factors that go into a leachable product. For serious investors out there who well know Samso's style, this is yet another great opportunity to Do Your Own Research. So put on that DYOR thinking cap and tune in to OD6's REE story now.
Listen to Brett Hazelden here:
01:19 Splinter Rock Mineral Resource
01:55 1000ppm cutoff grade at Splinter Rock
04:40 How should investors look at the Maiden Mineral Resource?
05:55 Is the extraction process the more important discussion?
12:58 The larger the volume, the larger the area?
14:30 How much bigger can the resource get in terms of numbers?
17:49 The challenge of the mining sector
22:22 The geological consistency of the MagREO percentage
23:50 The significance of the hosting base rock in terms of chemistry
24:33 Possibility of grade variability?
26:13 Discussion about the rare earths market
27:19 The cost of mining soft rock and hard rock
29:03 Discussion about the current equity market
31:32 News flow
35:26 Main takeaway about the Maiden Mineral Resource
Learn more about OD6 Metals Limited in our Brilliant Investment stories
About Brett Hazelden
Managing Director & Chief Executive Officer
BSc, MBA, AICD
Mr Hazelden is a Metallurgist who brings over 25 years’ experience serving the Australasian resources industry. His experience includes being a Company Director, Managing Director, CEO, Project Manager, Study Manager and originally a Metallurgist in an operating environment.
Mr Hazelden brings a diverse range of capabilities from exploration, project development studies, research and development, project approvals, offtake agreements, equity raising, debt financing plus mergers and acquisitions. He has worked across multiple commodities including potash, gold, copper, zinc, lead, iron ore, tungsten, salt, diamond and now rare earth sectors. Most recently, Brett was the Co-founder and Managing Director/CEO of Kalium Lakes (ASX:KLL).
Mr Hazelden was appointed as a Director on 1 April 2022.
Mr Hazelden is not considered to be an independent Director as he is engaged in an executive capacity.
About OD6 Metals Limited (ASX: OD6)
OD6 Metals is an Australian public company with a purpose to pursue exploration and development opportunities within the resources sector. The Company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, about 30 to 150km north of the major port and town of Esperance.
The projects are considered prospective for clay rare earth elements (REEs), with the Company’s aim of delineating and defining economic resources and reserves to develop into a future revenue generating operational mine. Clay REE deposits are currently economically extracted in China who is the dominant world producer.
Rare earth elements (in particular, Nd and Pr), are becoming increasingly important in the global economy, with uses including advanced electronics, permanent magnets in electric motors and electricity generators (such as wind turbines) and consumer electronics.
Contact OD6 Metals Limited
Level 1, 50 Kings Park Road, West Perth, Western Australia 6005
Phone: +61 8 6189 8515
This article is sponsored content.
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The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. - Samso
About the Author
Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.
Samso helps executives tell ASX stories that pique interest.
t/ +61 490 092 814
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