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Odyssey Gold Advances Tuckanarra Project with New Initiatives and Funding

Story Highlights
  • Odyssey Gold focuses on advancing its Tuckanarra Gold Project in Western Australia.
  • The company initiated new drilling and secured $4 million for exploration and development.
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Odyssey Gold Advances Tuckanarra Project with New Initiatives and Funding

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Odyssey Gold Limited ( (AU:ODY) ) has shared an update.

Odyssey Gold Limited has made significant strides in advancing its Tuckanarra Gold Project in Western Australia. The company executed a Memorandum of Understanding with Monument Murchison Pty Ltd for access to a nearby gold processing plant, commenced a technical study for mining and processing options, and identified multiple priority targets through an airborne electromagnetic survey. Additionally, Odyssey initiated drilling on new targets and announced a $4 million share placement to support ongoing exploration and development efforts.

More about Odyssey Gold Limited

Odyssey Gold Limited operates in the mining industry, focusing on gold exploration and development. The company’s primary project is the Tuckanarra Gold Project located in the Murchison Goldfields of Western Australia, an area known for its significant gold endowment. Odyssey holds an 80% interest in this project, which includes both the Tuckanarra and Stakewell gold projects.

YTD Price Performance: 66.67%

Average Trading Volume: 3,243,587

Technical Sentiment Signal: Hold

Current Market Cap: A$33.13M

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

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