Kirkalocka Toll Milling Agreement for Tuckanarra Project

Open PDF
Stock Odyssey Gold Ltd (ODY.ASX)
Release Time 20 May 2026, 9:46 a.m.
Price Sensitive Yes
 Odyssey Gold Announces Toll Milling Agreement for Tuckanarra Project
Key Points
  • Toll Milling Agreement with Gylden Resources for up to 750,000 tonnes of ore
  • Processing to commence in Q1 2027 at Kirkalocka Plant
  • Agreement provides potential for accelerated revenue and cash flow
Full Summary

Odyssey Gold Limited has entered into a Toll Milling Agreement (TMA) with Gylden Resources Pty Ltd to process up to 750,000 tonnes of ore from the Tuckanarra Gold Project at the Kirkalocka Plant in Western Australia. The TMA specifies a minimum of 600,000 tonnes to be milled in 2027 at a fixed toll treatment price, with deliveries to commence in Q1 2027. The agreement also allows for an additional 150,000 tonnes to be milled if capacity allows. The TMA is conditional upon several precedent conditions, including the commencement of commercial operations at the Kirkalocka Plant and Odyssey making a positive decision to mine its Tuckanarra Gold Project by 30 September 2026. The Tuckanarra Project has a current Mineral Resource of 5.14Mt @ 2.5g/t for 407koz of gold, with ongoing exploration and drilling programs planned to further define the resource.