Odyssey Gold (ODY) Q2 2025 TU earnings summary

Executive summary

• Completed a 5-hole diamond drilling campaign at Bollard and Highway Zone, intersecting high-grade gold mineralisation and extending known mineralised zones at depth and along strike.

• All new drillholes at Highway Zone intersected mineralisation outside the existing Mineral Resource Estimate, confirming geological models and highlighting further exploration potential.

• Planning an extensive airborne electromagnetic (AEM) survey to identify new gold targets, leveraging proven EM techniques that correlate with gold mineralisation.

Financial highlights

• Cash reserves stood at $1.8 million as of 31 December 2024.

• Net cash outflow from operating activities for the quarter was $858,000, primarily due to exploration and evaluation expenses.

• No new financing activities or significant changes in capital structure during the quarter.

Outlook and guidance

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

• Planned work includes expanded AEM surveys, RC drilling of new conductors, and continued geological modelling across advanced targets.