NRX has acquired a high-grade fluorspar Quinn project in Nevada which has an 8km fertile mineralised corridor and over 20 significant fluorspar occurrences in what could be a gigantic epithermal system. There are 4 key prospects at Quinn – the Horseshoe prospect has historic intercepts such as 14.3m at 70.9% CaF2 from surface including 1.5m at 84% CaF2, along with 26,000t of prior production. It recently recorded channel samples of 50m at 63.9% CaF₂ with peak values up to 82% CaF₂, and is connected by a 1.5km long high-intensity alteration zone to Big Jim, which has 230m of historical workings that are open to the north and south, with prolific mineralisation throughout including a massive vein with grades above 98% CaF₂. Mammoth adds a broad 9,000m² mineralised footprint with channel results including 15.2m at 48% CaF₂, while Blue Bell returned 86.7% CaF₂ from its main vein and produced the clearest preliminary ore-sorting response.
Despite fluorspar being essential for semiconductor manufacturing, lithium-ion battery production, uranium enrichment and a litany of defence applications. The US is 100% net import reliant on it, and 94% of global production is concentrated amongst China, Mongolia, Mexico and South Africa. Fluorspar mining in China is highly fragmented, with 683 mines across the country, 450 of which produce between 10-50ktpa – while the US still has none.
A key peer comparison is ARS, which currently has an EV of C$132 million after attaining over C$34 million in state and federal loans and a US$250 million Department of War supply agreement to start mining its Utah fluorspar resource. It is pre-resource and pre-feasibility study, but is a historically producing asset that has relatively solid metallurgical testwork and will supply around 13% of the USA’s demand – leaving a gigantic gap that OD6 is perfectly suited to fill. ARS has begun the process of ramping up to a 50ktpa production rate, and OD6 could at the very least consider a near term 20ktpa metspar operation that would add acidspar into the mix not long after.
Read our latest coverage on OD6
- Geophysics Reveal a Major Depth Target Beyond 500m as OD6 Gears Up for DrillingHigh priority targets have been refined and the potential scale of mineralised system has been expanded by the recent geophysics at OD6 Metals’ (ASX OD6) Quinn Fluorspar Project in Nevada, ahead of the upcoming maiden drilling campaign that will drill 10,000m across as many as 139 drill pads at the project’s most exciting prospects. The… Read more: Geophysics Reveal a Major Depth Target Beyond 500m as OD6 Gears Up for Drilling
- 139 Drill Pads in Maiden Campaign as OD6 Expands High Grade Fluorspar Targets at QuinnThe maiden drilling campaign at OD6 Metals’ (ASX: OD6) flagship Quinn Fluorspar Project is one step closer, with permit applications submitted for up to 139 drill pads and a bulk sampling program following a substantial increase in the grades and mapped extent of its priority Nevada targets. The campaign is a major catalyst with significant… Read more: 139 Drill Pads in Maiden Campaign as OD6 Expands High Grade Fluorspar Targets at Quinn
- Initiation: High-Grade District Scale American Fluorspar Project Derisked as OD6 Advances Towards DrillingThree advanced and drill-to-resource prospects are set to be aggressively tested as OD6 Metals (ASX: OD6) gears up to drill the highest priority targets at its 4,670 acre Quinn Fluorspar project in Nevada – the world’s best mining jurisdiction – which has an 8km fertile mineralised corridor with over 20 significant fluorspar occurrences in what… Read more: Initiation: High-Grade District Scale American Fluorspar Project Derisked as OD6 Advances Towards Drilling
