Hello Dave,
Coordinate transformation in Metashape is possible to the systems based on the same datum or via WGS84 system, providing that ToWGS84 transformation parameters are available both for source and target coordinate systems.
It seems that according to the ESPG registry data there is no ToWGS84 transformation available for IGS08 (EPSG:6934), therefore if your source data is it this system, you need to input the transformation parameters via Datum Transformation Parameters dialog accessible from the Reference pane settings dialog. After that you will be able to select other target coordinate systems in the Convert Reference dialog.