Odyssey Gold Ltd (ODY) has updated the mineral resource estimate for the Cable deposit at its Tuckanarra project in Western Australia. The deposit now hosts 2.75 million tonnes at 1.8g/t gold for a total of 158,000 ounces. Critically, 60% of this resource has been upgraded to the Indicated category, a significant shift in classification confidence derived from 4,763 metres of drilling completed in 2025. This updated estimate provides a technical foundation as the company moves toward finalizing its development plans.

The total resource base across the broader Tuckanarra project now stands at 6.3 million tonnes at 2.2g/t gold, containing 451,000 ounces. While the Cable deposit is currently the primary focus for near-term study, it represents only a small portion of the company’s extensive 160-square-kilometre tenement package. Management indicated that the remaining tenure remains largely underexplored, offering substantial potential for future resource growth through ongoing regional and near-mine exploration efforts.

"Drilling has successfully upgraded and expanded the resource at Cable in advance of the Stage 1 Scoping Study on this pit. Drilling continues on the other resources to convert them to Indicated resources for inclusion in a broader Scoping Study on the project."

— Matt Syme, Director

The company is currently prioritizing the completion of a Stage 1 Scoping Study for the Cable pit. To support this objective, Odyssey is advancing several workstreams in parallel, including geotechnical, metallurgical, and hydrological assessments. Additionally, the company has submitted an updated native vegetation permit application as part of the broader regulatory and environmental process.

Despite the focus on Cable, the technical team continues to process assay results from ongoing drilling programs targeting high-grade shoot extensions at several other prospects, including Bollard, Maybelle, and Kohinoor. These activities form part of a wider strategy to convert current Inferred resources into higher-confidence categories, ultimately aiming to support a more comprehensive project-wide scoping study. The results of these ongoing programs are expected to be incorporated into future resource updates as the development pathway for the project continues to take shape.

Read the full announcement: New Cable Resource Increased to 60% Indicated