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Odessa Minerals Limited (ASX:ODE)

ALERT: Price-sensitive ASX Announcement for ODE
Current share price for ODE : $0.020 0.014 (233.33%)+
Announcement
Release
31 Jul 2025 9:17AM
Price at Release
$0.006
Full Release
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Summary
Odessa Minerals Limited released its Quarterly Activities/Appendix 5B Cash Flow Report for the quarter ending 31 March 2024. The report details exploration activities, including progress at the Gascoyne East Lithium Project and the Aries Diamond Project. Odessa completed a maiden drill program at Gascoyne East, with assay results pending, and continued exploration at Aries with plans for further sampling and geophysical surveys. The company ended the quarter with a cash balance of $2.32 million and remains focused on its lithium and diamond projects in Western Australia. The Appendix 5B outlines the company's expenditures, with significant investment in exploration and minimal administrative costs. Odessa intends to continue advancing its projects and seeks further exploration opportunities.
Key Points
  • Quarterly report covers activities for the quarter ending 31 March 2024.
  • Odessa completed a maiden drilling program at the Gascoyne East Lithium Project; assays pending.
  • Continued work at Aries Diamond Project with bulk sampling and geophysical survey planning.
  • Cash balance at quarter end was $2.32 million.
  • Appendix 5B details exploration expenditure as the main outflow.
  • Minimal spending on administration and staff costs.
  • Odessa remains focused on lithium and diamond exploration in Western Australia.
  • The company is evaluating further exploration opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.