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Odyssey Gold Limited ( (AU:ODY) ) has shared an update.
Odyssey Gold Limited has announced a positive Mining Technical Study for its Tuckanarra Gold Project, supporting the development of an open pit mining operation. The study, conducted in collaboration with Monument Mining Ltd, indicates potential for processing at the nearby Burnakura Processing Plant, which may be upgraded to accommodate third-party ore. With a Mineral Resource Estimate of 5.14Mt at 2.5g/t for 407,000 ounces, the project is poised for further advancement, including a Scoping Study and infill drilling to enhance resource estimates. The study’s findings suggest favorable conditions for obtaining necessary permits by 2026, potentially accelerating the project’s timeline and enhancing Odyssey’s position in the gold mining sector.
More about Odyssey Gold Limited
Odyssey Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in developing the Tuckanarra Gold Project, located in the Murchison Goldfields, known for its significant gold endowment and processing capacity.
YTD Price Performance: 111.11%
Average Trading Volume: 4,734,442
Technical Sentiment Signal: Buy
Current Market Cap: A$42.6M
See more insights into ODY stock on TipRanks’ Stock Analysis page.