OD6 Metals has found a large number of high-grade rare earths in a wide area of the Splinter Rock project

MDBrett Hazeldan said that the project is likely to become "a world-class mineral system group with global significance. With the transition of the world to a decarbonized economy, it may become the asset of many generations".

OD6 Metals Ltd (ASX: OD6) has conducted a high grade rare earth element (REE) analysis of the first 65 boreholes drilled in the Splinter Rock project in Western Australia, revealing a wide range of clay mineralization on a large area of land.

The results were rated as high as 6729 parts per million (ppm), and in four identified prospects - Scrum, Centre, Flanker, and Proper - each extended a strike of 4 to 7 kilometers.

Magnet rare earth and heavy rare earth

The company identified high value neodymium and praseodymium oxides, accounting for 20.7% of the total rare earth oxides (TREO) on average, and the popular magnet related REE, with an average TREO rating of 22.3%.

Heavy rare earth oxide (HREO) also exists, and the grading is as high as 11.2% TREO, while 49% of the test samples are graded higher than 750ppm.

In general, the width of REE intersection in the future is between 10m and 30m, and the widest part can reach 80m.

Brett Hazeldan, managing director of OD6 etals, said: "These initial rare earth analysis results are very excellent, representing some of the highest grade and thickest clay matrix rare earth intersections in Australia."

"Importantly, these drilling results verified the historical analysis, and they extended the discovery of clay matrix rare earth to a new drilling line perpendicular to the original line.

Potential to become a world-class rare earth deposit

"This bodes well for future drilling, which we expect will significantly expand the known mineralized areas.

"As it is close to the port and renewable energy power generation potential, the Splinter Rock project now has the real potential to become an important world-class mineral system group in the world. With the transition of the world to a decarbonized economy, it may become a multi generation asset.

"When you start talking about several kilometers in one direction with a thickness of 10 to 30 meters, it is difficult to understand the scale of these clays. The potential is huge."

OD6 is expected to gradually receive more tests in the next few weeks, and it is expected that the target area of 40x60km will become one of the largest REE deposits in Australia.