✦ Brett Hazelden, Managing Director and CEO of OD6 Metals Limited (ASX: OD6) brings proof of the pudding.
The REE Story is not an easy one for investors to get their heads around, so having Mr. Hazelden explain what Rare Earth Elements is all about is helping investors get a head start on how to gain some perspective on this sector.
The recent results are showing the market that OD6 Metals has the asset to make the company a future REE producer.
OD6 Metals Limited's recent announcement on 10 November 2022 entitled "Outstanding High-Grade Clay Rare Earths with Extensive Areas Confirmed at Splinter Rock" needs a bit of analysis and Mr. Hazelden breaks down the story and explains what all the numbers mean.
Investors who are keen on this sector and who are looking for a literally rock solid message that is not about 'selling dreams', this is a good conversation to tune in to.
"These initial rare earth assay results are outstanding and represent some of the highest grades and thickest clay-hosted rare earth intersections seen in Australia. The extent and consistency of these shallow, high-grade clays have resulted in four significant prospects being identified that are between four and seven kilometers in width which are open in length, on our 2,579km2 Splinter Rock project.
More importantly, these drill results validate historic assays, plus they extend the discovery of clay-hosted rare earths across a new drill line perpendicular to the original line. This bodes well for future drilling, which we anticipate will significantly grow the known mineralised area.
The Splinter Rock Project, with its proximity to port and renewable energy generation potential, now has the very real potential to be a globally significant, world class group of mineral systems that could be a multigenerational asset as the world transitions to the decarbonised economy.
The scale of these clays is hard to comprehend when you start talking multiple kilometers in one direction at a thickness of between 10 to 30m. The potential is massive."
Comments by Brett Hazelden 10th November 2022
The REE business is a fast moving one, so it warrants doing some proper research on your own so you can get some merit in putting your money into the best option. From what can be seen, OD6 appears to have great management, and their projects look bulky and substantial.
More are revealed in the video, so get curious and dig deep into the REE story with Brett Hazelden.
Chapters
00:00 Start
00:20 Introduction
01:07 Brett updates on the announcement.
01:54 What do your grades mean?
02:56 How does the basement topography affect your project?
03:55 All about the reservoir.
04:18 Has the strike of the project recently been confirmed?
05:19 30km strike is a large prospect.
05:43 Magnetic REO and Critical REO.
07:42 What has OD6 learnt from the recent drilling?
09:19 Is there research on the other REE members?
10:21 Have any "Spanners' or Hurdles" come out of the recent drilling?
11:26 News Flow.
14:05 Is OD6 more attractive now?
14:56 Volume is Important in REE.
15:38 Conclusion
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 to150km 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.
Why OD6 Metals?
Emerging REE major new clay province in WA, potentially competitive with China’s deposits.
Dominant land position with over 4,800 km2.
Located close to Esperance port, sealed roads and renewable energy infrastructure.
Extensive Clay REE in 10 to 37m thick blanket over very large areas.
Wide intersections of TREO with excellent Nd-Pr concentrations of 20%.
Multiple targets for potentially globally significant REE resources.
Excellent regional metallurgy.
Clay REEs are typically low capital intensity and high margin product.
Significant supply shortage forecast due to rapid demand increase for renewable power, electric vehicles and electronics.
Critical metals being prioritised by Governments around the world (need for diversity of supply away from China).
Contact OD6 Metals Limited
Level 1, 50 Kings Park Road, West Perth, Western Australia 6005
Phone: +61 8 6189 8515
Website: https://www.od6metals.com.au/
Twitter: https://twitter.com/Od6Metals
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About the Author
Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.
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