OD6 Metals (ASX: OD6) confirms high-grade fluorspar continuity at Horseshoe, advancing towards drilling and metallurgical testing

Brett Hazelden, Managing Director of OD6 Metals (ASX: OD6), spoke with MarketOpen to provide further insight into the company’s recent high-grade fluorspar results at the Horseshoe Prospect, part of its Quinn Fluorspar Project in Nevada, USA.

The channel sampling program at Horseshoe has confirmed strong fluorspar continuity, with grades exceeding 70% CaF2, presenting clear potential for Direct Shipping Ore (DSO) and AcidSpar production.

Hazelden elaborated on the company’s next steps, including expanding the sampling program, advancing permitting, and preparing for the forthcoming drilling campaign. He also discussed the planned metallurgical testwork to validate the commercial viability of the project.

How do the high-grade fluorspar results at Horseshoe de-risk the project and open up commercial opportunities for DSO and AcidSpar production?

The high-grade fluorspar results at Horseshoe significantly de-risk the project by confirming the continuity and strength of the mineralisation, a crucial factor for economic viability. The channel sampling, with grades averaging over 70% CaF2, demonstrates the potential for Direct Shipping Ore (DSO), which offers a low-cost, high-return pathway to early production. These results also support a clear route to upgrading the material to AcidSpar quality, which is essential for industries such as battery manufacturing and semiconductor production.

The consistent high grades across the sampled area validate the historic production data and provide confidence in the project’s ability to scale. As we expand sampling and move toward drilling, these results not only enhance the credibility of our resource but also make the project more attractive for permitting and future financing. We are confident that these findings will drive both near-term development and long-term growth as we continue advancing the Horseshoe Prospect.

With confirmed fluorspar continuity at Horseshoe, what are OD6’s next steps to advance the project, and how will exploration and permitting be sequenced?

With confirmed fluorspar continuity at Horseshoe, our next steps focus on expanding our sampling to fully delineate the extent of the mineralisation. This will include systematic sampling across untested areas and conducting detailed geological mapping to refine our understanding of the deposit’s full scale.

Concurrently, we are prioritising the permitting process, starting with necessary approvals for drilling and exploration activities. We plan to initiate drilling to test the depth and strike extensions identified in the sampling results. This will be followed by metallurgical testwork to further assess the potential for DSO and AcidSpar production. Our sequencing ensures that exploration and permitting are aligned to allow for a seamless transition from discovery to development, with each step de-risking the project further and strengthening our position for future financing. We are also monitoring regulatory timelines closely to ensure efficient progression toward commercialisation.

How will OD6 validate the depth and strike extensions at Horseshoe, and what uncertainties remain?

To validate the depth and strike extensions at Horseshoe, we will conduct targeted drilling in areas where our channel sampling results indicate significant potential. This drilling will test the continuity of the high-grade mineralisation both down-dip and along strike, providing the data needed to assess the full scale of the system.

Additionally, we will continue geological mapping and refine our structural models to better understand the mineralisation’s extent. While our initial sampling confirms a strong, continuous fluorspar system, uncertainties remain around the full depth and lateral continuity, particularly in untested sections of the deposit. The upcoming drilling will be critical in addressing these uncertainties and ensuring that the mineralisation remains consistent beyond the sampled outcrops.

As we progress, we will also focus on permitting and metallurgical testing to complement these geological efforts and further de-risk the project.

Given the positive results at Horseshoe, how does OD6 plan to manage exploration upside and mitigate risks moving into drilling and metallurgical testing?

Given the positive results at Horseshoe, we are focused on systematically advancing the project while managing both exploration upside and associated risks. Our immediate priority is expanding the sampling program to ensure we fully define the extent of the mineralisation, particularly in areas that remain untested. We will also refine our geological models to enhance the accuracy of our drilling targets.

As we move into drilling, our strategy is to employ a phased approach, initially targeting the highest-potential areas identified through sampling, which will help mitigate the risk of unexpected outcomes. Concurrently, we are planning metallurgical testing to confirm the scalability and commercial viability of both DSO and AcidSpar production.

To further manage risks, we are closely coordinating with permitting authorities to ensure a smooth regulatory process, while also evaluating financing options to support ongoing exploration and development activities. This disciplined, step-by-step approach ensures that we capitalise on exploration upside while reducing potential risks at each stage.

OD6 Metals path to commercialisation

As OD6 Metals continues to advance its exploration and development efforts at the Quinn Fluorspar Project, the company is committed to refining its geological models, expanding its sampling efforts, and preparing for drilling and metallurgical testing. The results from Horseshoe mark a significant step forward, and the company remains focused on progressing the project toward potential early production, de-risking key exploration areas, and addressing permitting requirements.

With the fluorspar market’s critical importance in high-tech industries, OD6 is poised to capitalise on this strategic asset while managing risks through disciplined exploration and operational planning.

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