Odyssey Gold (ASX: $ODY) Quarterly Report Highlights

Odyssey Gold Limited (ASX: $ODY) has released its quarterly report for the quarter ended 31 March 2024, focusing on the advancement of its flagship Tuckanarra Gold Project in Western Australia. The report highlights a 12% increase in the Mineral Resource estimate (MRE) gold grade, with the updated MRE totaling 5.14 million tonnes at 2.5 g/t Au for a total of 407,000 ounces of gold. The Company remains well-funded with $3.2 million in cash reserves as of 31 March 2024.

Executive Commentary on Tuckanarra Project Progress

The Company's focus on advancing the Tuckanarra Gold Project has yielded positive results, with a significant increase in the Mineral Resource estimate. The updated MRE, including the new MRE for the Highway Zone, demonstrates the clear potential for substantial MRE growth through near-resource and regional drilling. The successful drilling at the T8 oxide target and the planned airborne electromagnetic survey indicate our commitment to exploring new opportunities and expanding our resource base. We are well-positioned to continue our activities and pursue new business development opportunities with our strong cash reserves.

Summary of Odyssey Gold's Quarterly Report

Odyssey Gold's quarterly report highlights the Company's focus on advancing the Tuckanarra Gold Project, resulting in a 12% increase in the Mineral Resource estimate (MRE) gold grade. The updated MRE, totaling 5.14 million tonnes at 2.5 g/t Au for a total of 407,000 ounces of gold, reflects the potential for substantial MRE growth through near-resource and regional drilling. The Company's strong cash reserves of $3.2 million as of 31 March 2024 provide a solid foundation for pursuing new business development opportunities and continuing exploration activities. The planned work programs include diamond and RC drilling at the Highway Zone, expanded airborne electromagnetic surveys, and geological modelling across all shallow advanced targets.