New Cable Resource Increased to 60% Indicated

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Stock Odyssey Gold Ltd (ODY.ASX)
Release Time 7 Jul 2026, 9 a.m.
Price Sensitive Yes
 Odyssey Gold Ltd Announces Updated Cable Resource Estimate
Key Points
  • Cable Indicated Mineral Resource increased by 24% to 2.75Mt @ 1.8g/t Au
  • 60% of the new Cable resource is now classified as Indicated
  • Total Tuckanarra Project Mineral Resource now stands at 6.3Mt @ 2.2g/t Au
  • Updated MRE supports Stage 1 Scoping Study
  • Future drilling and exploration expected to further expand resources
Full Summary

Odyssey Gold Limited (ASX:ODY) has announced an updated Mineral Resource Estimate (MRE) for its Cable deposit within the Tuckanarra Project in Western Australia. The new MRE totals 2.75 million tonnes (Mt) at 1.8 grams per tonne (g/t) gold (Au) for 158,000 ounces of gold, marking a 24% increase in the Cable resource. Notably, 60% of this resource has been upgraded to the Indicated category, providing a solid foundation for the upcoming Stage 1 Scoping Study. The total Tuckanarra Project MRE now stands at 6.3Mt at 2.2g/t Au for 451,000 ounces of gold, with 5.4Mt at 2.1g/t Au for 354,000 ounces of gold located on granted mining leases. The updated MRE is based on additional drilling completed in 2025 and is reported in accordance with the JORC Code (2012 Edition). The Company is also progressing with geotechnical, metallurgical, hydrological, environmental, and permitting studies to support future development decisions. Further exploration and drilling are planned to expand the resource base and enhance future development outcomes.

Outlook

Odyssey Gold Ltd anticipates further growth in its mineral resources through ongoing exploration and drilling programs, aiming to expand the current resource base and enhance future development outcomes.