Odyssey Gold (ODY) H2 2025 earnings summary

Executive summary

• Focused on gold exploration in Western Australia, holding an 80% interest in the Tuckanarra and Stakewell projects, with a flagship resource at Tuckanarra totaling 407,000 ounces at 2.5g/t Au as of June 30, 2025.

• Executed a Memorandum of Understanding with Monument Murchison for potential ore processing at the Burnakura plant, which may be upgraded to 750,000tpa.

• Raised $4 million through a placement to fund ongoing exploration and development, with strong support from new and existing investors.

• Ongoing technical studies and drilling programs aim to upgrade resources and assess near-term production potential.

Financial highlights

• Net loss for the year ended 30 June 2025 was $2,322,397, compared to $2,042,458 in 2024, mainly due to exploration and evaluation expenses.

• Cash reserves at year-end were $4,217,884, up from $2,942,793 in 2024, with no debt.

• Net assets increased 9% year-over-year to $12,861,914, driven by capital raising offset by the annual loss.

• Basic and diluted loss per share was (0.26) cents, compared to (0.24) cents in the prior year.

Outlook and guidance

• Plans to continue systematic exploration and targeted drilling at Tuckanarra to expand resources.

• Technical studies underway to assess mining and processing options, with a focus on fast-tracking production from granted mining leases.

• Ongoing engagement with processing plant owners and potential mining partners to monetize resources.