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Odessa Minerals Limited (ASX:ODE)

ALERT: Price-sensitive ASX Announcement for ODE
Current share price for ODE : $0.022 0.008 (57.14%)+
Announcement
Release
24 Oct 2025 8:24AM
Price at Release
$0.014
Full Release
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Summary
Odessa Minerals Limited provided a quarterly report for the period ending 30 September 2025, highlighting significant exploration activities at the Lyndon Project, where they confirmed base metal mineralisation and promising anomalies. The company also successfully raised $1.15 million through an unbrokered placement to support ongoing exploration and project generation. Key management changes included the appointment of Tim Goldsmith as Non-Executive Chairman. The financial report showed a net cash decrease due to operating and investing activities, with a closing cash position of $1.921 million.
Key Points
  • Odessa is targeting carbonate-hosted base metal mineralisation at the Lyndon Project.
  • The company confirmed anomalous base metals at Ebro Bore Prospect.
  • Odessa completed an unbrokered placement raising $1.15 million.
  • Tim Goldsmith was appointed as Non-Executive Chairman.
  • The company has embarked on expanded sampling to explore additional targets.
  • Cash and cash equivalents at the end of the quarter amounted to $1.921 million.
  • The company is evaluating further project acquisition 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.