OD6 Metals (ASX:OD6) exercises option to acquire Quinn Fluorspar Project

OD6 Metals has exercised its option to acquire the Quinn Fluorspar Project in Nevada, USA, marking a significant milestone for the Australian critical minerals explorer.

The acquisition follows a detailed due diligence process covering technical, legal, and strategic aspects, confirming Quinn as one of the most attractive undeveloped high-grade fluorspar opportunities in the United States.

Highlights

• OD6 exercises option to acquire Quinn Fluorspar Project, Nevada, USA
• Multiple high-grade targets confirmed across Horseshoe, Mammoth and Big Jim deposits
• Historical Union Carbide data indicates potential for Acidspar and Metspar production
• Recent exploration validates historical information and identifies new mineralised zones for the first time in approximately 60 years
• Advancing permitting, metallurgical programs, and drill planning activities
• Company well-funded for further exploration initiatives

The Quinn Fluorspar Project comprises 48 State of Nevada Mining Claims, approximately 220km north of Las Vegas, within a historically prospective epithermal fluorite district.

OD6’s field programs, combined with historical Union Carbide information, have confirmed widespread high-grade fluorspar across Horseshoe, Mammoth and Big Jim deposits.

The historical data indicates potential for the production of both Metspar and premium Acidspar products, which are critical to hydrofluoric acid manufacture, AI semiconductor chips, advanced battery technologies, uranium enrichment, defence applications, and refrigerants.

The United States currently imports essentially all of its fluorspar requirements, emphasising the strategic importance of a potential domestic supply source such as Quinn.

Recent preparatory activities by OD6 include verification of historical high-grade drill and channel sample results, identification of an approximately 8km long alteration corridor through satellite interpretation, expansion of the project via additional claim staking, collection of metallurgical samples for optical sorting and flotation testwork, and review of historical metallurgical testwork by Union Carbide and Galigher Company.

Environmental baseline and archaeological studies have commenced to support permitting, and multiple drill-ready targets have been prioritised.

The company has outlined a permitting strategy targeting streamlined US approval pathways, including potential FAST-41 eligibility.

OD6 Managing Director Brett Hazelden stated:

“The exercise of the option represents a major milestone for OD6 and reflects the strong confidence we have developed in the Quinn Fluorspar Project following a broad due diligence process. Over recent months we have systematically validated historical drilling and metallurgical data, expanded the project footprint, identified multiple drill-ready targets and commenced the groundwork required to enable permitting and future development activities,”

Completion of the acquisition remains subject to OD6 shareholder approval for the issue of 700,706 ordinary shares to the sellers of the Quinn Project and 1,500,000 shares to Sapphire Beginnings Capital Pty Ltd for facilitation services.

Subject to approval at an extraordinary general meeting anticipated in mid-July 2026, completion is expected within five business days.

Next steps include finalising shareholder approvals, receiving pending assay results, completing geological modelling and drill targeting, commencing permitting and metallurgical programs, lodging bulk sample permit applications, and preparing a maiden drilling program.

The Quinn Fluorspar Project positions OD6 Metals to provide direct exposure to growing US demand for fluorspar, particularly in AI, defence, and nuclear fuel processing sectors.

The combination of confirmed high-grade mineralisation, historical production data, and strategic positioning in a critical supply gap highlights the potential significance of OD6’s acquisition in the context of domestic critical mineral security in the United States.

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