{"id":6694,"date":"2024-03-04T22:09:09","date_gmt":"2024-03-04T22:09:09","guid":{"rendered":"https:\/\/economicherald.net\/?p=6694"},"modified":"2024-03-04T22:09:09","modified_gmt":"2024-03-04T22:09:09","slug":"od6-metals-recovers-up-to-90-of-magnet-rees-across-multiple-prospects-at-splinter-rock","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6694","title":{"rendered":"OD6 Metals recovers up to 90% of magnet REEs across multiple prospects at Splinter Rock"},"content":{"rendered":"

Up to 90% of magnetic rare earths recovered in latest metallurgical work on Splinter Rock project
\nRecoveries for all magnet rare earth oxides were achieved, indicating a diversified resource base
\nOD6 Metals undertaking further metallurgical leaching and processing optimisation work <\/p>\n

\u00a0<\/p>\n

Special Report<\/em>: High metallurgical recoveries continue to be achieved at OD6 Metals\u2019 Splinter Rock project in Western Australia following the latest round of testing by the Australian Nuclear Science Organisation (ANSTO). <\/strong><\/p>\n

OD6 Metals (ASX:OD6)<\/strong><\/a> is collaborating with the Australian Nuclear Science and Technology Organisation (ANSTO) and CSIRO on techniques to improve exploration and extraction of clay deposits at Splinter Rock, near Esperance in WA.<\/p>\n

Splinter Rock covers some 4,828km2 of ground and is close to an existing port, sealed roads, and essential infrastructure.<\/p>\n

Through ongoing collaboration with various agencies, the explorer has made substantial progress in comprehending basin composition, regolith characteristics, rare earth element (REE) mineralogy and metallurgical recovery potential.<\/p>\n

\u00a0<\/p>\n

Splinter Rock Scrum and Centre metallurgical sample drill hole locations on AEM model clay thickness. Pic via OD6<\/p>\n

\u00a0<\/p>\n

Metallurgical recovery results <\/strong><\/h2>\n

So far, this metallurgical test work has resulted in positive rare earth element (REE) recoveries of up to 90% in around 60 samples from four large prospects including Prop, Centre, Scrum and Flanker.<\/p>\n

Samples were chosen based on differing geographic locations, REE grades, colours, chemical compositions, AEM conductivity, proximity to granite, basin position (including paleo valley\/channel positions) and inferred geological genesis.<\/p>\n

According to OD6, samples averaged 62% magREE for all rare earth oxides inclusive of neodymium, praseodymium, dysprosium and terbium \u2013 providing the company with an enhanced understanding of specific areas that offer the best recovery.<\/p>\n

This will also enable the prioritisation of the best clay basins for economic studies.<\/p>\n

\u00a0<\/p>\n

Splinter Rock Prop and Flanker metallurgical sample drill hole locations on AEM model clay thickness. Pic via OD6<\/p>\n

\u00a0<\/p>\n

Australia\u2019s premier clay-hosted REE deposit <\/strong><\/h2>\n

OD6 managing director Brett Hazelden says when combined with high grades, low stripping ratios, low acid consumption and substantial tonnages, the recoveries provide considerable confidence in the key economic drivers.<\/p>\n

\u201cThe outstanding results from our metallurgical leaching studies continue to affirm the Splinter Rock project as Australia\u2019s premier clay-hosted rare earth deposit,\u201d he says.<\/p>\n

\u201cThe Inside Centre area within the Centre prospect continues to shine, boasting dimensions of approximately 2km in length by 1km in width and thicknesses of up to 69m.<\/p>\n

\u201cGrades ranging between 1,400ppm to 2,200ppm TREO further underscore the project\u2019s value proposition, complemented by leach recoveries averaging 64%.<\/p>\n

\u201cThese metrics align closely with the essential value drivers we believe are crucial for the economic viability of clay-hosted rare earth projects.\u201d<\/p>\n

\u00a0<\/p>\n

\u2018Diversification sets Splinter Rock apart\u2019 <\/strong><\/h2>\n

Of particular importance is the \u2018remarkable\u2019 performance across all four magnetic REEs, Hazelden says.<\/p>\n

\u201cThis indicates a diversified resource base that is not reliant on just one or two elements \u2013 diversification is a key factor for ensuring the economic sustainability of the project and sets Splinter Rock apart as a highly promising venture in the rare earth sector,\u201d he says.<\/p>\n

\u00a0<\/p>\n

Where to from here? <\/strong><\/h2>\n

OD6 now plans to incorporate the results into a resource estimate update.<\/p>\n

A review of the leach performance is set to take place along with various other tests including an ion exchange assessment, nanofiltration evaluation, and mini pilot scale testing.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with OD6 Metals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post OD6 Metals recovers up to 90% of magnet REEs across multiple prospects at Splinter Rock<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Up to 90% of magnetic rare earths recovered in latest metallurgical work on Splinter Rock project Recoveries for all magnet rare earth oxides were achieved, [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6695,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nOD6 Metals recovers up to 90% of magnet REEs across multiple prospects at Splinter Rock - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=6694\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OD6 Metals recovers up to 90% of magnet REEs across multiple prospects at Splinter Rock - 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