ODE.ASX: Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Stock	Odessa Minerals Ltd (ODE.ASX)
Release Time	30 Jul 2026, 9:13 a.m.
Price Sensitive	Yes

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Odessa Minerals Reports Quarterly Activities and Cash Flow

Key Points

Odessa Minerals reported activities for the quarter ending 30 June 2026.
Collected rock chip samples at Mt Yaragner and Lyndon Project.
Planning for a 10,000m air-core drilling program across priority prospects.
Successfully completed a $2.65 million placement.
Appointed Sam Brooks as Non-Executive Director.

Full Summary

Odessa Minerals Limited (ASX: ODE) reported its activities for the quarter ending 30 June 2026. The company collected 93 rock chip samples at the Mt Yaragner REE-in-soil target and 200 samples at the Lyndon Project, identifying new base metal anomalism. A maiden 10,000m air-core drilling program is planned for September 2026. The company completed a successful $2.65 million placement, raising funds for project acquisitions and working capital. Sam Brooks was appointed as a Non-Executive Director. The company ended the quarter with a cash balance of $3.6 million.

Guidance

Odessa Minerals ended the quarter with a cash balance of $3.6 million.

Outlook

Odessa Minerals plans to conduct a 10,000m air-core drilling program in September 2026 and continues to evaluate value-accretive acquisition opportunities.