# OD6: Quarterly Activities/Appendix 5B Cash Flow Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155561 Publisher: asx Original announcement: 2026-10-21T22:04:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-21T22:20:09.720Z Atlas analysis updated: 2026-10-21T22:20:09.720Z - Company: OD6 Metals Limited - Ticker: OD6 - Exchange: ASX - Region: Nevada, USA - Primary commodity: Fluorspar - Secondary commodities: Rare earths, Gold, Copper - Document categories: Other, Drill results, Capital raise, Metallurgy - Extracted: 2026-10-21 22:20:10 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary OD6 Metals announced exceptional high-grade fluorspar channel and rock chip sampling results from its Quinn Fluorspar Project in Nevada, including 50m at 79.3% CaF₂ and rock chips up to 99.9% CaF₂, significantly expanding the mineralized footprint. The company also reported encouraging preliminary ore sorting and mineralogy results for fluorspar, ongoing rare earth metallurgical testwork, and completed a A$6.92 million capital raising to fund ongoing exploration and development activities. Reasoning: OD6 Metals reported exceptional high-grade fluorspar channel and rock chip sampling results, significantly expanding the mineralized footprint at multiple prospects within the Quinn Fluorspar Project. Encouraging metallurgical testwork results and the identification of new gold potential further de-risk the project, all supported by a successful capital raise that strengthens the company's financial position. - Positive factor: high\_grade\_fluorspar\_results - Positive factor: expanded\_mineralized\_footprint - Positive factor: positive\_ore\_sorting\_and\_mineralogy - Positive factor: significant\_capital\_raise - Positive factor: permitting\_progress - Positive factor: new\_gold\_potential Facts used in scoring: 64 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The company significantly expanded the high-grade exploration footprint through new discoveries and geological interpretation linking Horseshoe, North Horseshoe Canyon and the Rocket–Big Jim–Spar Corridor, and identified new high-grade mineralisation at Blue Bell–Shannon Queen. Evidence · text > Significantly expanded the high-grade exploration footprint through new discoveries and geological interpretation linking Horseshoe, North Horseshoe Canyon and the Rocket–Big Jim–Spar Corridor **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Multiple channel samples and rock chip assays returned exceptionally high fluorspar grades, including 50m @ 79.3% CaF₂, 15m @ 85.8% CaF₂, and rock chips up to 99.9% CaF₂. Evidence · text > Exceptional high-grade fluorspar mineralisation confirmed at Horseshoe, with revised channel sampling results including 50m @ 79.3% CaF₂, 22m @ 78.8% CaF₂ and 15m @ 85.8% CaF₂ **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions re-assaying by ALS Global laboratories, indicating QA/QC procedures were followed and a certified lab was used. Evidence · text > Re-assaying by ALS confirms a material uplift in CaF₂ grades compared with the original. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Channel sampling results are reported as downhole lengths without explicit disclosure of true width or drill orientation. Evidence · text > 50m @ 79.3% CaF2 **Free Milling** Polarity: positive Story-specific tag Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: Independent QXRD mineralogy confirmed exceptionally high fluorite content with low levels of deleterious impurities, providing encouraging characteristics for product development. Evidence · text > Independent QXRD mineralogy confirmed exceptionally high fluorite content, with low levels of deleterious impurities providing encouraging characteristics for potential Metspar and higher-value Acidspar product development. **Bench Scale Only** Polarity: negative Story-specific tag Definition: Only preliminary bench tests completed — no locked-cycle or pilot work. Why it applies: The ore sorting results are described as 'preliminary' and the mineralogy as 'independent QXRD', indicating early-stage testwork. Evidence · text > Highly encouraging preliminary TOMRA ore-sorting results **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: The channel sampling results are reported without stating the cut-off grade used for compositing. Evidence · text > 50m @ 79.3% CaF2 **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leach"\) **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: 4 distinct composites were tested ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Metallurgical Results (12) ### ore sorting [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-48) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Program Status: preliminary - Test Type: ore sorting - Processing Route: ore sorting #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Encouraging preliminary ore sorting results demonstrate ability to separate high-grade fluorspar, supporting potential for coarse-particle beneficiation and lower processing costs. - Positive factor: positive\_ore\_sorting\_results - Positive factor: potential\_for\_reduced\_processing\_costs - Negative factor: bench\_scale\_only Evidence · text > Highly encouraging preliminary TOMRA ore-sorting results, demonstrating the ability to distinguish high-grade fluorspar mineralisation from lower-grade material and waste ### mineralogy [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-49) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Program Status: preliminary - Test Type: mineralogy #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Independent mineralogy confirms exceptionally high fluorite content and low deleterious impurities, indicating suitability for high-value fluorspar products. - Positive factor: high\_fluorite\_content - Positive factor: low\_deleterious\_elements - Negative factor: bench\_scale\_only Evidence · text > Independent QXRD mineralogy confirmed exceptionally high fluorite content, with low levels of deleterious impurities providing encouraging characteristics for potential Metspar and higher-value Acidspar product development. ### heap leach optimisation [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-50) Splinter Rock REE Project · rare\_earths #### Identity - Project: Splinter Rock REE Project - Commodity: rare\_earths - Region: australia\_wa - Reported Region: Western Australia - Ticker: OD6 #### Test Work - Program Status: advanced - Test Type: heap leach optimisation #### Lab - Laboratory: ANSTO #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Advanced metallurgical testwork continues to optimize the heap leach flowsheet for rare earths, aiming for a high-quality product. - Positive factor: ongoing\_optimization\_of\_flowsheet Evidence · text > Advanced metallurgical testwork continued with ANSTO, focused on heap leach optimisation and impurity removal to support development of an integrated processing flowsheet targeting a high-quality mixed rare earth product. #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-55) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Sample: Big Jim main vein #### Recovery - Head Grade: 98.3 - Head Grade Unit: % CaF₂ #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Exceptional head grade for fluorspar from Big Jim main vein confirms high-quality feed material for processing. - Positive factor: high\_head\_grade Evidence · text > 98.3% CaF₂ Big Jim main vein ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-56) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Sample: Horseshoe high-grade mineralisation #### Recovery - Head Grade: 90 - Head Grade Unit: % CaF₂ #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Exceptional head grade for fluorspar from Horseshoe high-grade mineralization confirms high-quality feed material for processing. - Positive factor: high\_head\_grade Evidence · text > 90.0% CaF₂ Horseshoe high-grade mineralisation ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-57) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Sample: Blue Bell main vein #### Recovery - Head Grade: 86.7 - Head Grade Unit: % CaF₂ #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Exceptional head grade for fluorspar from Blue Bell main vein confirms high-quality feed material for processing. - Positive factor: high\_head\_grade Evidence · text > 86.7% CaF₂ Blue Bell main vein ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-58) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Sample: Horseshoe breccia mineralisation #### Recovery - Head Grade: 76.2 - Head Grade Unit: % CaF₂ #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: High head grade for fluorspar from Horseshoe breccia mineralization confirms good quality feed material for processing. - Positive factor: high\_head\_grade Evidence · text > 76.2% CaF₂ Horseshoe breccia mineralisation ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-59) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Sample: Mammoth breccia mineralisation #### Recovery - Head Grade: 40.4 - Head Grade Unit: % CaF₂ #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Moderate head grade for fluorspar from Mammoth breccia mineralization indicates potential for processing, though lower than other domains. - Positive factor: moderate\_head\_grade Evidence · text > 40.4% CaF₂ Mammoth breccia mineralisation ### mineralogy [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-60) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Test Type: mineralogy - Sample: Big Jim #### Recovery - Head Grade: 98.6 - Head Grade Unit: % fluorite #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Independent QXRD mineralogy confirms exceptionally high fluorite content at Big Jim, supporting the interpretation of high-grade fluorspar. - Positive factor: high\_fluorite\_content - Positive factor: low\_deleterious\_elements - Negative factor: bench\_scale\_only Evidence · text > 98.6% fluorite Big Jim ### mineralogy [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-61) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Test Type: mineralogy - Sample: Horseshoe #### Recovery - Head Grade: 90.4 - Head Grade Unit: % fluorite #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Independent QXRD mineralogy confirms exceptionally high fluorite content at Horseshoe, supporting the interpretation of high-grade fluorspar. - Positive factor: high\_fluorite\_content - Positive factor: low\_deleterious\_elements - Negative factor: bench\_scale\_only Evidence · text > 90.4% fluorite Horseshoe ### mineralogy [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-62) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Test Type: mineralogy - Sample: Blue Bell #### Recovery - Head Grade: 91.6 - Head Grade Unit: % fluorite #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Independent QXRD mineralogy confirms exceptionally high fluorite content at Blue Bell, supporting the interpretation of high-grade fluorspar. - Positive factor: high\_fluorite\_content - Positive factor: low\_deleterious\_elements - Negative factor: bench\_scale\_only Evidence · text > 91.6% fluorite Blue Bell ### mineralogy [Link to this fact](https://atlas-staging.minestarters.com/news/od6-quarterly-activities-appendix-5b-cash-flow-report--8c1658ad-feb1-45c6-87d8-79dcf2b69fd0#fact-metallurgical-facts-63) Quinn Fluorspar Project · fluorspar #### Identity - Project: Quinn Fluorspar Project - Commodity: fluorspar - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OD6 #### Test Work - Test Type: mineralogy - Sample: Mammoth #### Recovery - Head Grade: 48.5 - Head Grade Unit: % fluorite #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Independent QXRD mineralogy confirms moderate fluorite content at Mammoth, supporting the interpretation of fluorspar mineralization. - Positive factor: moderate\_fluorite\_content - Positive factor: low\_deleterious\_elements - Negative factor: bench\_scale\_only Evidence · text > 48.5% fluorite Mammoth ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.