Odyssey Gold (ODY) Q1 2025 TU earnings summary

Executive summary

• Advanced exploration at Tuckanarra Gold Project focused on expanding high-grade resources, particularly at the Highway Zone, with diamond drilling intersecting sulphide mineralisation and assays pending.

• Fixed loop EM survey identified a 350m x 350m conductor at Highway Zone, guiding further drilling to extend the Inferred Mineral Resource.

• Company remains well-funded with $2.6 million in cash as of 30 September 2024, supporting ongoing exploration and business development.

Financial highlights

• Cash reserves at quarter-end were $2.6 million, down from $2.94 million in the previous quarter.

• Net cash outflow from operating activities for the quarter was $323,000, primarily due to exploration, staff, and administrative costs.

• No revenue from production; expenditures focused on exploration and evaluation.

Outlook and guidance

• Assay results from recent drilling at Highway Zone expected in the coming weeks.

• Planned airborne EM survey to target additional regional prospects, including the hinge zone at Tuckanarra.

• Ongoing engagement with processing plant owners and mining partners to monetise resources.