OD6 Metals Limited advised that drilling has commenced at its Splinter Rock Project. Splinter Rock hosts widespread clay rare earth element (REE) mineralisation. Highlights: Initial Aircore (AC) drilling program commenced at Splinter Rock - Program targets historic high-grade rare earth intercepts - Planned 192-hole program with spacing varying between 200m, 400m and 800m - Initial drilling program expected to be completed during October 2022 - Assay results anticipated to be progressively available commencing in fourth quarter of 2022.

Historical exploration: The Splinter Rock Project is a 2,579km tenement package located approximately 150km northeast of Esperance, Western Australia. Historically a 30km drill transect of air core drilling traversed the Splinter Rock tenure at between a 2km and 4km spacing. A number of holes intersected an enriched REE saprolitic zone between 5m and 37m in thickness.

Target Mineralisation: The Splinter Rock clay-hosted REE mineralisation is currently inferred to be a mobilised weathering product of the REE enriched Booanya granite suite and is potentially comparable to clay hosted REE deposits currently mined primarily in China. Based on historic work and compilation of target geology (as presented in the Company's prospectus dated 20 June 2022), the target area at Splinter Rock covers over 30 x 60km, making this one of the largest known clay REE target areas in Australia. The project is blessed with excellent infrastructure including proximity to port of Esperance, significant future renewable energy resources and accessible by road.

The Splinter Rock project is <10% private farm-land. The Company respectfully acknowledges the Ngadju and Esperance Tjaltjraak Peoples of the land and waters upon which the company's exploration is focused. Planned 192 hole drill program: The initial 192 hole AC drill program has been designed as infill drilling between the historic holes in the area.

Drill spacing is planned for 200, 400 and 800m intervals and to a depth of between 5 and 50m, dependent on weathering profile. The prospective horizon is the basal saprolite zone where REEs accumulate in clays. A total of 6,500 to 7,000m of drilling is expected.

Program timeline: Completion of the Air Core drilling program is currently scheduled for late October 2022. Subject to laboratory processing times, assays are expected to be progressively received commencing in second quarter of 2022.