Odyssey Gold (ODY) H1 2026 earnings summary

Executive summary

• Holds 80% interest in Tuckanarra and Stakewell gold projects in Western Australia, with a combined Mineral Resource Estimate (MRE) of 5.14Mt @ 2.5g/t for 407,000oz gold as of February 2024.

• Completed nearly 10,000m of RC and diamond drilling at Tuckanarra, focusing on the Cable-Bollard-Highway trend, with significant high-grade intercepts reported.

• Mining Technical Study completed, supporting project development and highlighting advantages such as high-grade open pit resources and proximity to processing capacity.

Financial highlights

• Net loss for the half year ended 31 December 2025 was $2,976,198, compared to $1,209,944 for the same period in 2024.

• Major expense was exploration and evaluation at $2,812,823 (2024: $933,115), reflecting increased drilling and project activity.

• Cash reserves at 31 December 2025 were $1,509,584, down from $4,217,884 at 30 June 2025.

• Loss per share was (0.27) cents, compared to (0.13) cents in the prior period.

Outlook and guidance

• Scoping Study initiated following positive Mining Technical Study results, aiming to advance project development.

• Ongoing engagement with nearby processing plant owners to secure low-cost processing options.

• Further drilling and MRE updates planned to upgrade resource categories and extend mineralisation.