OD6 Metals Limited Secures Option Over High-Grade District-Scale Fluorspar Project in Nevada
OD6 Metals Limited (ASX: OD6) has entered into an exclusive option agreement to acquire 48 mining claims comprising the Quinn Fluorspar Project in Nevada, a district-scale system hosting exceptional historic grades of up to 94% CaF₂. Historic production at the Horseshoe deposit totalled 26,000 tonnes at an estimated average grade of 44.9% CaF₂, while surface and channel sampling at Mammoth and Spar returned high-grade intervals including 6.1 metres at 78.86% CaF₂ and 1.5 metres at 94.41% CaF₂. Fluorspar is designated a critical mineral in the United States, which remains fully import reliant, reinforcing the project’s strategic significance within domestic supply chains.
The acquisition structure incorporates milestone-based deferred payments and a 2% net smelter royalty on fluorspar, aligning vendor consideration with exploration and development success. OD6 plans to undertake systematic verification, detailed surface sampling and targeted drilling to support a future JORC-compliant Mineral Resource estimate.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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OD6 Metals Limited Secures Option Over High-Grade District-Scale Fluorspar Project in Nevada
OD6 Metals Limited (ASX: OD6) has entered into an exclusive option agreement to acquire 48 mining claims comprising the Quinn Fluorspar Project in Nevada, a district-scale system hosting exceptional historic grades of up to 94% CaF₂. Historic production at the Horseshoe deposit totalled 26,000 tonnes at an estimated average grade of 44.9% CaF₂, while surface and channel sampling at Mammoth and Spar returned high-grade intervals including 6.1 metres at 78.86% CaF₂ and 1.5 metres at 94.41% CaF₂. Fluorspar is designated a critical mineral in the United States, which remains fully import reliant, reinforcing the project’s strategic significance within domestic supply chains.
The acquisition structure incorporates milestone-based deferred payments and a 2% net smelter royalty on fluorspar, aligning vendor consideration with exploration and development success. OD6 plans to undertake systematic verification, detailed surface sampling and targeted drilling to support a future JORC-compliant Mineral Resource estimate.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au