Odyssey Gold (ASX: ODY) – Meekatharra focused gold explorer
COMPANY SCOREBOARD
| Pro Plus | Pro | Con Plus | Con |
|
ABOUT COMPANY
Odyssey Gold (ODY) (https://odysseygold.com.au/) explores gold in Australia, and it holds an 80% interest in the Stakewell and Tuckanarra gold projects in Meekatharra WA.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| ODY | 0.026 | 898871134 | 23370649.4840 | 4.8/(1) |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 1757 | 54.03% | 54.51% | 10.60% | 7515000 | last raise $3.2m@2.4c; pre raise $2.44m@3c |
4c/7c/10c options all expires on 23 Dec 2023, and 50m performance rights are unlikely to be converted.
FLAGSHIP ASSETS
Stakewell Gold Project Meekathara WA (80%)
Tuckanarra Gold Project Meekathara WA (80%)
Project Data
Stakewell Project
The company still owes the vendor 50m@2c and 25m@4c options expiring in 2023.
The project is unlikely to define 200koz@6.5g/t gold to satisfy the 50m performance right criteria
Tuckanarra Project
The company still owes the vendor $1m cash upon delineation of 100koz@1.55g/t gold.
In Feb 2024, the company announced a resource estimate of 5.14Mt@2.5 g/t for 407koz including high-grade subset of mineralisation of 2.25Mt @ 3.9g/t for 283koz above a 2g/t cut off grade
SUMMARY
WGX will be interested in the resources.