OD6 Metals (ASX:OD6) - Finding Relative Value in a Local Rare Earths Play - Desk Note

BPC provides in-depth market research and expert insights to keep you informed and ahead in the world of investing.

OD6 Metals (ASX:OD6) is a rare-earths and copper explorer with projects in Western Australia and New South Wales. We hold a view that the company is trading at a discount to the relative valuation of its flagship ‘Splinter Rock’ Rare Earths project.

Given the current uncertainty in supply, geopolitical context, forecast increases in demand and the new Critical Minerals deal as a fuse for the sector - we believe this company could benefit with a re-rate in share price to reflect its true value.

With this in mind, we’re pleased to share our latest desk note on OD6 Metals (ASX:OD6).

Investor Highlights

• One of the largest and most high-grade Rare Earth Projects in Australia (Splinter Rock) - 682Mt @ 1,388ppm TREO.
  
  
• Trading at a heavily discounted valuation (~$10m EV) with relative strength in grade and tonnage at Splinter Rock, compared with other clay-hosted peers.
  
  
• Continued advancement of the project with further metallurgical testwork to support current discussions regarding offtake agreements and government support.
  
  
• Continued drilling campaign to uncover further high-grade targets at Gulf Creek, originally the highest-grade copper mine in NSW (2%-6.5%).
  
  
• Further Electromagnetic work to support target identification and anomalies in Gulf Creek.
  
  
• Strong Management with Tier-1 Rare Earths Experience – Non-Executive Director of OD6, Mitch Loan, is also a Vice President at Alcoa (ASX: AAI) – one of the immediate large-cap benefactors from the new Critical Minerals deal between the U.S and Australia.

Want the Full Picture?

Australia’s Rare Earths sector is gaining momentum, and OD6 Metals (ASX:OD6) is positioned to benefit from the global shift toward critical minerals. Our latest desk note provides:

✅ A deep dive into OD6’s flagship Splinter Rock project
✅ Analysis of its undervalued market position (~$10m EV)
✅ Insights on catalysts that could drive a share price re-rate

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