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Odyssey Gold Ltd (ASX:ODY)

ALERT: Price-sensitive ASX Announcement for ODY
Current share price for ODY : $0.032 0.002 (5%)+
Announcement
Release
9 Jul 2026 8:57AM
Price at Release
$0.030
Full Release
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Summary
Odyssey Gold Limited has released the Stage 1 Scoping Study for its Tuckanarra Gold Project in Western Australia, revealing robust potential for economic development. The project is expected to produce approximately 79,000 ounces of gold over 29 months with a low operating cost and high expected cashflows. Initial capital requirements are estimated at A$7 million, with processing facilitated through a toll treatment agreement at the nearby Kirkalocka Processing Plant. Odyssey holds a significant 80% stake in the project, which is strategically positioned within the prolific Murchison gold district, offering substantial opportunities for resource expansion.
Key Points
  • Stage 1 Scoping Study supports the development of the Tuckanarra Gold Project.
  • Approximate Stage 1 production of 79,000 ounces of recovered gold over 29 months.
  • Expected net pre-tax cashflows of about A$180 million at a gold price of A$6,000/oz.
  • Initial capital costs are estimated at approximately A$7 million.
  • The project will use a toll treatment approach at the Kirkalocka Processing Plant.
  • The project has a low operating cost of A$3,400/oz.
  • Odyssey holds an 80% interest in the Tuckanarra Gold Project.
  • Potential for further resource expansion and exploration.
  • The project is located in the Murchison gold district of Western Australia.
  • The study concludes technical and economic viability based on a 29-month mine life.
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.