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An announcement from Odyssey Gold Limited ( (AU:ODY) ) is now available.
Odyssey Gold has launched its 2026 work programs at the Tuckanarra Gold Project, funded by a recent A$9 million placement, with reverse circulation and diamond drilling set to finalise resource definition at key deposits, test shallow exploration targets, and collect geotechnical and metallurgical data. In parallel, a Scoping Study incorporating an updated Mineral Resource Estimate is under way, aiming to convert more resources to the Indicated category and leverage existing mining licences, historic mining approvals and fast-track permitting, while the company negotiates potential third-party processing options in a region where high-grade oxide feed is increasingly scarce, positioning Tuckanarra as a potentially attractive near-term development opportunity for stakeholders.
The most recent analyst rating on (AU:ODY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Odyssey Gold Limited stock, see the AU:ODY Stock Forecast page.
More about Odyssey Gold Limited
Odyssey Gold Limited is an Australian gold exploration and development company listed on the ASX, focused on advancing its flagship Tuckanarra Gold Project in the Murchison region. The project hosts a JORC-compliant mineral resource of 5.14 million tonnes at 2.5 grams per tonne for 407,000 ounces of gold, with most of the resource located on existing mining licences and within gazetted townsites, providing permitting and development advantages.
YTD Price Performance: -8.33%
Average Trading Volume: 2,185,286
Technical Sentiment Signal: Buy
Current Market Cap: A$37M
For a thorough assessment of ODY stock, go to TipRanks’ Stock Analysis page.