News Articles for OD6 Metals

Bulls N' Bears ASX Runner of the Week is… OD6 Metals, after it unveiled a low capex, lower-cost product from its mammoth Splinter Rock rare earth project near Esperance. Mount Ridley Mines rode the rare earths coattails based on its nearology to OD6 in the rare earths region, ActivePort Group launched an Australian first private cloud superhighway and Energy Transition Minerals shot up on a 60 Minutes story on its monster Greenland rare earths project.

Aruma Resources appears to have landed a decent fish after nailing higher-grade rare earths drill hits and samples at its Salmon Gums project, about 200km south of the regional town of Kalgoorlie in Western Australia's Eastern Goldfields. The company says one surface sample produced the highest recorded rare earths grade to date in the emerging Esperance ionic clay region.

Aruma Resources is putting its shoulder to the wheel to expand the gold and rare earths footprint at its Salmon Gums project in Western Australia's Eastern Goldfields region after completing a 63-hole air-core drilling program. The campaign included 39 holes targeting rare earths, with the other 24 drillholes following up previous drilling to assess gold-bearing lodes at the company's Thistle gold discovery.

A calculated punt by Allup Silica to test for rare earths at its Pink Bark project, 90km north-east of Esperance in Western Australia, has seen it hit clay-hosted mineralisation beneath the sand in its maiden drilling program. The campaign returned intriguing intercepts of 1m at 1169ppm TREO from 20m, 1m at 1985ppm from 21m and 1m at 798ppm from 8m.

Emu NL expects an October assay return after completing a maiden drilling program on time and on budget at its Condingup clay-hosted rare earths project near Esperance on Western Australia's south coast. The company says 34 holes for 2762m targeted clay traps adjacent to and overlying the Booanya granite outcrops that produced rock chips testing as high as 2124ppm TREO.

Perth-based explorer Emu NL has kicked off its maiden drilling campaign at its 100 per cent-owned Condingup clay-hosted rare earths project, near Esperance on Western Australia's scenic south coast. The 3000m air-core program will test rare earths enrichment within clay traps imaged by passive seismic, adjacent to and overlying the fertile Booanya granite, which the company says may have leached its pay into the clays.

Terrain Minerals has joined the frenetic exploration and drilling fray in Western Australia's up-and-coming, clay-hosted rare earths province near Esperance. The company has joined the ever-growing rare earths search party in the area by launching a maiden proof-of-concept drilling program after securing heritage approval at its 100 per cent-owned, 320-square-kilometre Lort River project, just 50km north-west of the town.

Venture Minerals' maiden drilling probe at its recently-acquired Greater Brothers project in WA's Mid West region has landed a swag of high-grade rare earths that included an impressive 45m averaging 1455ppm TREO. The reconnaissance program has tested just a fifth of its 1165-square=kilometre tenure, with plenty of blue sky to scale up the mineralised horizon over the remainder of the company's prospective patch.

Perth-based explorer Emu NL is poised to drill a network of clay-filled, rare earths-prospective channels up to 6km wide and down to 100m in depth at its wholly-owned Condingup project near Esperance on Western Australia's picturesque south coast. Outcropping source rocks proved fertile and the company plans to drill its clays in September, with assays due in October.

Emu NL has enlarged its mineralised footprint in the heart of Esperance's rare earths region after rock chips returned results of up to 1242 parts per million total rare earth oxides (TREO) from its latest reconnaissance survey. Management says fieldwork from outcropping Booanya suite granites has revealed high-value magnet rare earth oxides averaging about 22 per cent of TREO grade from 28 rock-chip samples.

West Perth-based and WA-focused explorer Terrain Minerals has started what the company expects to be a very busy year with boots on the ground at its Smokebush gold project in WA's Yalgoo minerals field. Two programs at Smokebush spearhead a major exploration and drilling campaign across its portfolio of projects with the ultimate objective a maiden mineral resource within 12 months.

With an ever-increasing spotlight shining on rare earths, a former sleepy tourist town on the WA south coast could be on the cusp of becoming the next epicentre of a rare earths mineral boom. One of the major attractions of the area is the discovery of “clay-hosted” rare earths which, unlike their hard rock counterparts, can be considerably easier to mine – and they can exist in vast quantities.

Shares in ASX-listed mineral explorer Emu surged 60 per cent during intraday trading after it lodged applications to extend its prospective Condingup project to an overall tenement area of 734 square kilometres. The company has also applied for another three new tenement packages in the broader area totalling a further 304 square kilometres. The latest land grab will substantially increase Emu's exposure to rare earths by capturing more of the prospective Booanya granites.

Rare earths newcomer OD6 Metals has had a subdued start to its first trading session on the ASX, with shares changing hands around 4 cents lower than its initial public offer price.