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Odessa Minerals Limited (ASX:ODE)

ALERT: Price-sensitive ASX Announcement for ODE
Current share price for ODE : $0.022 0 (0%)+
Announcement
Release
27 Jan 2026 8:21AM
Price at Release
$0.022
Full Release
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Summary
Odessa Minerals Limited (ASX: ODE) reported its activities for the quarter ending 31 December 2025. The company completed mapping across the Lyndon Project using hyperspectral data, identifying multiple dolomite anomalies and potential base metal targets. Key prospects include Ebro Bore, Tower Bore, and Tarn Bore, all showing promising mineralization indicators. Odessa raised $1.15 million through an unbrokered placement to fund further exploration. The company also appointed Mr. Tim Goldsmith as Non-Executive Chairman to strengthen the board. The financial report for the quarter indicated a net cash inflow from financing activities, with a closing cash balance of $2,766,000.
Key Points
  • Mapping completed across Lyndon Project with hyperspectral data.
  • Identified dolomite anomalies indicating prospective base metal targets.
  • Raised $1.15 million through unbrokered placement.
  • Appointment of Tim Goldsmith as Non-Executive Chairman.
  • Quarterly financials show net cash inflow from financing activities.
  • Closing cash balance at $2,766,000.
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.