Odessa Maps New Base Metal and Gold Targets at Lyndon Project, Raises $1.15m for Exploration

Odessa Minerals Limited ( (AU:ODE) ) just unveiled an announcement.

During the December 2025 quarter, Odessa Minerals advanced exploration at its Lyndon Project by completing hyperspectral alteration mapping that outlined extensive dolomite anomalies over roughly 24km of strike, defining multiple new base metal targets at the Ebro Bore, Tower Bore, Tarn Bore and Trinity Bore prospects. Initial reconnaissance at Ebro Bore returned anomalous lead and copper associated with dolomite near major faults, while a 9km kaolinite anomaly at the newly designated Beroi Dam prospect has emerged as a promising structural target for gold, prompting an expanded surface sampling and mapping program; the company also strengthened its board with the appointment of experienced mining executive Tim Goldsmith as non-executive chairman and raised $1.15 million in an unbrokered placement to fund these exploration and project generation initiatives.

The most recent analyst rating on (AU:ODE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Odessa Minerals Limited stock, see the AU:ODE Stock Forecast page.

More about Odessa Minerals Limited

Odessa Minerals Limited is an ASX-listed mineral exploration company focused on base and precious metals, with current exploration centred on the Lyndon Project in Western Australia. The company targets carbonate-hosted base metal systems, particularly lead and copper within dolomitised limestones of the Gneuda Formation, and is also assessing hydrothermal structures for gold potential.

Average Trading Volume: 2,400,990

Technical Sentiment Signal: Buy

Current Market Cap: A$38.8M

See more data about ODE stock on TipRanks’ Stock Analysis page.