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Odyssey Gold Limited ( (AU:ODY) ) has shared an announcement.
Odyssey Gold has reported highly positive metallurgical testwork results from a composite sample representing weathered ore from a proposed shallow starter pit at the Cable deposit within its Tuckanarra Gold Project in Western Australia. The program, conducted by ALS under specialist supervision, aimed to refine understanding of gold recoveries and comminution characteristics for early-stage mining.
Testwork delivered peak gold leach recovery of 95.9 percent in eight hours, with low cyanide and lime consumption and gravity recovery of 18.8 percent, while deleterious elements were found to be within acceptable limits. These results support the potential for fast-tracked production from shallow pits at Cable and other deposits, though a higher-than-expected Bond Work Index has prompted further testwork to confirm processing energy requirements and inform the ongoing Tuckanarra scoping study.
More about Odyssey Gold Limited
Odyssey Gold Limited is an Australian gold exploration and development company focused on advancing its Tuckanarra Gold Project in the Murchison region of Western Australia. The flagship Cable deposit at Tuckanarra currently hosts a resource of 1.69 million tonnes at 2.3 grams per tonne for 123,000 ounces of gold, with potential for shallow starter pits under an existing approved mining proposal.
YTD Price Performance: 2.78%
Average Trading Volume: 6,393,344
Technical Sentiment Signal: Buy
Current Market Cap: A$52.27M
For an in-depth examination of ODY stock, go to TipRanks’ Overview page.