Odessa Minerals' response to ASX price and volume query

Odessa Minerals Limited (ASX: $ODE) has responded to the ASX price and volume query dated 23 February 2024. The company confirmed that the recent trading in its securities was influenced by the recent MagSpec Airborne survey data at the Gascoyne East Project, for which ODE has now processed and conducted an initial interpretation on all data and prepared all necessary disclosures in accordance with the ASX Listing Rules and the JORC Code.

Executive Commentary on ASX price and volume query response

The recent trading in Odessa Minerals' securities was primarily driven by the completion of the QAQC and interpretation of the MagSpec Airborne Survey data. The company believes that the increase in price and volume prompted them to contact ASX and request a trading halt in order to finalize the necessary disclosures. The Board subsequently approved the Announcement, which was lodged on the ASX market announcement platform prior to the commencement of trading on 27 February 2024.

Summary of Odessa Minerals' response and outlook

Odessa Minerals' response to the ASX price and volume query indicates that the recent trading in its securities was influenced by the completion of the QAQC and interpretation of the MagSpec Airborne Survey data at the Gascoyne East Project. The company has affirmed its compliance with the Listing Rules and confirmed that the responses have been authorized and approved by its board. Looking ahead, Odessa Minerals aims to continue adhering to the ASX Listing Rules and the JORC Code while maintaining transparency and timely disclosures to the market.