Positive Mining Technical Study Supports Development
| Stock | Odyssey Gold Ltd (ODY.ASX) |
|---|---|
| Release Time | 14 Oct 2025, 8:53 a.m. |
| Price Sensitive | Yes |
Positive Mining Technical Study Supports Open Pit Development
- Tuckanarra Gold Project has 5.14Mt at 2.5g/t for 407,000 contained ounces
- Majority of resources are laterite, oxide or transitional material
- Mining Technical Study supports potential development and processing at expanded Burnakura Processing Plant
Odyssey Gold Limited (ASX:ODY) is pleased to advise the Company's Mining Technical Study of options for processing from the Tuckanarra Gold Project at the nearby Burnakura Processing Plant, provides strong support for development of the Project. The Tuckanarra Gold Project has a current Mineral Resource Estimate of 5.14Mt at 2.5g/t for 407,000 contained ounces, with a significant majority of resources being laterite, oxide or transitional material and 311,000 ounces within current Mining Leases. The Study results support the potential development of Tuckanarra and processing at an expanded Burnakura Processing Plant, based mostly on simple cutbacks of the historical open pits, as well as from the newly discovered Highway deposit. The Study assumes mining from within the current Mining Leases at Tuckanarra for the initial years, while the Great Northern Highway is re-aligned, and a Mining Lease application is submitted to cover the Highway and Bottle Dump deposits. A preliminary civil engineering study indicates the Highway realignment would cost approximately A$5.2 million. A preliminary permitting assessment undertaken as part of the Study supports the potential to receive all necessary permits as soon as 2026, based on an existing approved Mining Proposal. Odyssey will continue infill drilling to upgrade current Inferred Resources at Tuckanarra, to support a Scoping Study on the same basis as the Study.
Odyssey will expedite discussions to find the best processing solution for Tuckanarra, while completing a Scoping Study and continuing to explore the many targets for additional resources.