Odyssey Gold (ODY) Q1 2027 TU earnings summary

Executive summary

• Stage 1 Scoping Study supports a toll-treatment open-pit concept at Cable: ~79koz recovered over 29 months, with estimated pre-tax cashflows of ~A$180m at A$6,000/oz gold.

• Tuckanarra’s July 2026 MRE totals 6.3Mt at 2.2g/t Au for 451koz; Stage 1 covers only 19% of the project resource.

Financial highlights

• Stage 1 estimates: 1.35Mt mill feed at 1.9g/t Au, 95% metallurgical recovery, ~A$7m pre-production capital and ~A$3,400/oz pre-tax operating costs.

• Quarter-end cash was A$3.027m; net operating cash outflow was A$2.744m, including A$2.113m of exploration and evaluation payments.

• Related-party payments were A$199,000, for executive remuneration, director fees and superannuation.

Outlook and guidance

• Stage 2 Scoping Study commenced to assess the full 451koz resource and an on-site treatment scenario; further resource definition and extension drilling is planned as assay results are received and interpreted.

• Drilling is expected to be substantially reduced in the current quarter; future programs depend on receipt and interpretation of pending assays.

• Additional funding is expected to be required through equity, asset realisations or other financing; expenditure is being managed while funding options are assessed.