Odyssey Gold (ODY) Noosa Mining Conference 2026 summary

Strategic Overview and Project Positioning

• High-margin, low-risk, low CapEx gold project in a leading mining jurisdiction, supported by a recent scoping study for the Cable starter pit and leveraging toll treatment for rapid production.

• Toll treating at Kirkalocka enables accelerated cash flow, with a Toll Milling Agreement ensuring a minimum of 600,000t processed from Q1 2027 and potential extension into 2028.

• Project benefits from significant permitting advantages, including no native title or major heritage issues, and is already on mining leases with all mining approvals in place.

• Market capitalisation is A$42m, with projected pre-tax cash flow of A$180m (A$140–145m attributable), based on 79,000oz production over two years.

• Project is surrounded by established infrastructure, efficient haulage routes, and proximity to other mining operations, with highway access work underway.

Operational and Financial Highlights

• Resource base stands at 451,000oz at 2.2g/t, with most material open-pittable and high metallurgical recoveries (97–98% for oxide/transitional, 96% for fresh rock).

• All-in sustaining costs are projected at A$3,400/oz, with haulage and processing costs around A$110/ton.

• Approved mining proposal is in place; only a new native vegetation clearing permit is pending, expected within months.

• Minimal pre-strip required, with ore accessible in the first month, enabling early cash generation.

• Kirkalocka plant is being restarted with A$50m investment, providing flexibility for third-party ore.

Exploration and Growth Potential

• Historic mining focused on shallow supergene material; current drilling has identified deeper high-grade shoots and broader geological potential, with mineralisation open at depth and along strike.

• Main resource area contains 300,000oz in a 2km zone, with high ounces per vertical meter and significant step-out potential.

• Over 70 untested shallow oxide and deeper primary targets prioritized for future drilling.

• Recent drilling has extended known resources and identified new high-grade shoots, supporting both underground and open pit potential.

• Absence of native title and historic townsite status accelerate development and exploration timelines.