Highlights

  • OD6 Metals has launched the first systematic exploration program at the Quinn Fluorspar Project in Nevada in approximately 60 years.
  • The program includes ~320 soil samples and regional stream sediment sampling across 40 sites.
  • Exploration targets include the 70,000m² Lithocap and the 700,000m² “Dress Circle” alteration zone.
  • Initial works focus on extending high-grade historical results, including the Mammoth Deposit which previously returned 10m @ 44.7% CaF₂.
  • Mapping and channel sampling campaigns are scheduled to begin in April 2026.

OD6 Metals Limited (ASX:OD6) shares climbed 9.52% to AUD 0.12 during the afternoon session on 1 April 2026. The price movement coincided with the company’s announcement that on-ground field activities have officially commenced at its high-grade Quinn Fluorspar Project in Nevada, USA. The stock continues its aggressive upward trajectory, remaining up 283.33% over the past year as the market reacts to the company's strategic expansion into critical minerals within the United States.

Breaking a 60-Year Exploration Hiatus

The commencement of this program marks the first modern, concerted exploration effort at the Quinn project since the 1960s. OD6, through its subsidiary US Fluorspar LLC, has mobilized Rangefront Mining Services to establish a geochemical and geological framework over known high-grade deposits and newly identified alteration systems.

The United States currently maintains a 100% import reliance on fluorspar, a mineral essential for semiconductor chip etching, EV battery technologies, and nuclear fuel processing. Located just 300km from the US Strategic Minerals Reserve, the Quinn project is positioned as a potential domestic source for this critical material.

Target Areas and Historical High-Grades

The current field program is designed to test major extensions of historical high-grade mineralisation, characterized by CaF₂ (calcium fluoride) concentrations exceeding 40%.

Key focus areas include:

  • Mammoth Deposit: Following up on historic channel sampling of 10m @ 44.7% CaF₂ within a 9,000m² ore body.
  • Horseshoe Deposit: Investigating a replacement-style ore body mapped over 3,000m² with historical grades of >40% CaF₂.
  • New Alteration Zones: The first-ever exploration of the 70,000m² Lithocap and the massive 700,000m² "Dress Circle" target, which is believed to be related to sub-surface intrusive activity.

Strategic Roadmap and Due Diligence

Managing Director Brett Hazelden noted that the scale of the identified alteration systems suggests strong potential for new discoveries beyond the historical footprints. The data gathered from the current soil and stream sediment sampling will directly inform a major drill targeting program and ongoing due diligence.

Following the geochemical phase, the company has secured geologists for a detailed mapping and channel sampling campaign in April 2026. These results will assist in finalizing drill hole planning as the company moves toward a potential acquisition of the asset.

What This Means for Investors?

The rapid mobilization at Quinn demonstrates OD6’s commitment to fast-tracking its US critical minerals strategy. By targeting areas with proven high-grade historical results like 44.7% CaF₂ using modern techniques, the company is looking to validate a significant resource in a Tier-1 jurisdiction. With the US government prioritizing domestic supply chains for AI and defense tech, investor interest remains high, as evidenced by the stock’s nearly 285% gain over the last twelve months.