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Odyssey Gold Advances Tuckanarra with Key Clearing Permit and Ongoing Drilling

Story Highlights
  • Odyssey Gold has applied for a key vegetation clearing permit at Tuckanarra, with surveys showing no significant ecological impacts.
  • Reverse circulation drilling has commenced at Tuckanarra and is continuing broadly as planned despite minor weather and fuel-supply risks.
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Odyssey Gold Advances Tuckanarra with Key Clearing Permit and Ongoing Drilling

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

Odyssey Gold has lodged an application for a Native Vegetation Clearing Permit for its Tuckanarra Gold Project in Western Australia, covering the key Cable, Bollard, Maybelle, Lucknow and Anchor deposits, as well as historical pits and prior underground and processing areas. Environmental surveys underpinning the application indicate no significant species or ecological communities will be affected, clearing a key regulatory hurdle for potential mining activities under the existing Mining Proposal.

The company has also mobilised a reverse circulation drill rig to Tuckanarra, with drilling underway despite minor weather-related interruptions linked to Cyclone Narelle. With about 30 days of diesel on site and ongoing fuel deliveries, Odyssey expects drilling to continue as planned, while remaining alert to any changes in fuel supply that could impact field operations and project timelines.

The most recent analyst rating on (AU:ODY) stock is a Hold with a A$0.04 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 focused on advancing its Tuckanarra Gold Project in Western Australia. The company is progressing multiple deposits and historical pits within its mining lease, aiming to transition from exploration toward potential mining under an existing approved Mining Proposal.

YTD Price Performance: 2.78%

Average Trading Volume: 6,756,547

Technical Sentiment Signal: Buy

Current Market Cap: A$52.27M

Find detailed analytics on ODY stock on TipRanks’ Stock Analysis page.

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