Odyssey Gold (ODY) H1 2025 earnings summary

Executive summary

• Focused on the Tuckanarra and Stakewell Gold Projects in Western Australia, holding 80% interest in both projects, with a combined mineral resource estimate of 5.14Mt at 2.5g/t Au for 407,000 ounces of gold, including a high-grade subset of 2.25Mt at 3.9g/t for 283koz above a 2g/t cut-off.

• Significant exploration activity at Bollard and Highway Zones, with diamond drilling intersecting high-grade gold mineralisation and confirming geological models for further resource definition.

• No significant events or changes have occurred after the balance date that would affect operations, results, or state of affairs.

Financial highlights

• Net loss for the half year ended 31 December 2024 was $1,209,944, compared to $1,158,504 for the same period in 2023.

• Exploration and evaluation expenditure totaled $933,115, up slightly from $916,304 year-over-year.

• Cash reserves at 31 December 2024 were $1,758,160, down from $2,942,793 at 30 June 2024.

• No revenue from operations; interest income was $53,757 for the half year.

Outlook and guidance

• Ongoing exploration and resource definition at Tuckanarra and Stakewell, with plans for airborne EM surveys to identify additional mineralisation.

• Directors consider the group a going concern, but acknowledge material uncertainty regarding future funding and the need for additional capital raising.