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OD6 Metals Limited (ASX:OD6)

ALERT: Price-sensitive ASX Announcement for OD6
Current share price for OD6 : $0.115 -0.02 (-14.81%)+
Announcement
Release
25 Aug 2026 8:45AM
Price at Release
$0.135
Full Release
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Summary
OD6 Metals Limited has announced that new assays confirm significantly higher fluorspar grades at their Horseshoe Prospect within the Quinn Fluorspar Project in Nevada, USA. The re-assay results, obtained using the F-XRF24 technique, reveal an average increase of 12.9% in CaF2 grades compared to previous methods which underestimated these values. The highest recorded sample reached 98.8% CaF2, with many exceeding 90%. These results suggest that the Horseshoe Prospect has the potential to become a major high-grade fluorspar deposit. The mineralisation is exposed across a broad zone, with potential for significant expansion. The success of these assays is pivotal as fluorspar is a critical mineral in the US, currently imported entirely. OD6 aims to advance this project rapidly, focusing on producing high-value Metspar and Acidspar products to support strategic mineral supply in the US.
Key Points
  • Re-assays demonstrate a material uplift in CaF2 grades at the Horseshoe Prospect.
  • Highest assay result recorded at 98.8% CaF2.
  • Average grade increase of 12.9% using updated assay method.
  • Horseshoe Prospect shows potential for significant expansion and development.
  • US fluorspar market currently relies entirely on imports, highlighting strategic importance.
  • OD6 focused on developing premium-grade fluorspar products.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.