CAPITAL MARKETS

OD6 attracted to Esperance magnet potential

WHILE the southern extent of Western Australia’s Albany Fraser Orogen is probably best known for its gold or lateritic nickel potential, start-up OD6 Metals is hoping that the clays beneath farmland less than 150km north of the Esperance port proves to be rich with high-value rare earth elements.

 OD6's Splinter Rock project contains known REEs

OD6's Splinter Rock project contains known REEs

Buoyed by the resurgent interest in REEs, particularly the emerging potential for shallow clay-hosted deposits outside China, OD6 is seeking A$6-8 million at 20c per share to fund a search of some 4828sq.km...

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