Odyssey Gold (ODY) Q3 2026 TU earnings summary

Executive summary

• Commenced 2026 field work and studies to accelerate production at the flagship Tuckanarra Gold Project, including resource definition drilling and a Scoping Study.

• Lodged application for the final major permit (Native Vegetation Clearing Permit) required to recommence mining at Tuckanarra.

• Completed a $9 million share placement to institutional and sophisticated investors to fund ongoing exploration and development.

Financial highlights

• Cash reserves stood at $8.8 million as of 31 March 2026.

• Net cash used in operating activities for the quarter was $1.165 million, with $787,000 spent on exploration and evaluation.

• Raised $9.0 million gross proceeds from share placement at $0.031 per share.

• Estimated quarters of funding available: 7.5, based on current cash and outgoings.

Outlook and guidance

• Scoping Study underway, aiming to update the Mineral Resource Estimate and support near-term development.

• Proceeds from the placement will accelerate drilling, resource updates, and pre-development site works.