Australia's OD6 Metals soars on "very high" magnet REE recoveries

OD6 Metals

03/04/2023 05:33

** Shares of OD6 Metals  OD6.AX  jump as much as 82.9% to
A$0.375, their best intraday gain since Nov. 10, 2022
    ** Says it had "very high" metallurgical recoveries of
magnet rare earth elements (REE) at its Splinter Rock project
    ** Adds the results "provide considerable confidence to
proceed with further optimisation test work"
    ** Stock hits highest level since Feb. 1
    ** Trading volumes highest since Nov. 14, 2022, with about
7.1 mln shares traded so far
    ** OD6 down 37.9% YTD as of last close

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))