Stage 1 Scoping Study Supports Development at Tuckanarra
| Stock | Odyssey Gold Ltd (ODY.ASX) |
|---|---|
| Release Time | 9 Jul 2026, 8:57 a.m. |
| Price Sensitive | Yes |
Odyssey Gold Announces Positive Stage 1 Scoping Study for Tuckanarra
- Stage 1 net pre-tax cashflows of ~A$180 million
- Stage 1 production target of ~79,000oz of gold
- Initial 29 months of mine production with average operating costs of ~A$3,400/oz
- Binding Toll Milling Agreement with Gylden Resources
- Substantial potential for extending operations and mine life
Odyssey Gold Limited has announced the results of the Stage 1 Scoping Study for its Tuckanarra Gold Project in Western Australia. The study confirms the technical and economic viability of mining the Stage 1 Cable Pit over approximately 29 months, producing approximately 79,000oz of recovered gold with operating cash costs of A$3,400/oz (pre-tax). The study also indicates initial capital costs of approximately A$7 million and net pre-tax cashflows of approximately A$180 million, assuming a gold price of A$6,000/oz. The Company plans to proceed with a Stage 1 Feasibility Study, aiming to transition into project delivery.
Net pre-tax cashflows of approximately A$180 million, 79,000oz gold production, operating costs of A$3,400/oz
Odyssey Gold plans to proceed with a Stage 1 Feasibility Study to transition into project delivery, aiming to capitalize on the positive results of the Scoping Study.