Odessa Minerals (ASX:ODE)

Quarterly Report – Activities for Quarter Ended 30 June 2024

Odessa Minerals Limited (ASX:ODE) (“Odessa” or the “Company”) is pleased to report on its activities for the quarter ending 30 June 2024 (the “Quarter”).

HIGHLIGHTS:

Relief Well Uranium Project (Lyndon):

  • Relief Well Uranium Prospect immediately adjoins Paladin Energy’s Carley Bore Uranium Project
  • (15.6MLbs U3O8 announced resource)
  • Extensive 8km long palaeochannel confirmed at Relief Well, prospective for roll-front style uranium mineralisation
  • Drill planning underway for testing of roll-front uranium mineralisation at Relief Well
  • Unconformity-Type and fault-related uranium mineralisation potential along the Gneuda Formation- Moorarie Supersuite contact.

Lyndon Uranium/Lithium/REE

  • New Rock chip assay results up to 6,612ppm U3O8 at the Baltic Bore and Jailor Bore prospects
  • 12 rock chips returned assays >1,000ppm U3O8
  • 5 rock chips returned assays >1,000ppm V2O5
  • Uranium anomalism spans strike lengths of 2.6km at Baltic Bore and 2km at Jailor Bore
  • Lyndon Project Immediately adjoins Paladin Energy’s Carley Bore Uranium Project (15.6MLbs U3O8)

Gascoyne East:

  • Completion of lithological and structural interpretation from geophysical datasets
  • PoW approval for Phase 1 aircore drilling to assist bedrock mapping
  • Geophysical interpretation has confirmed drill targets for:
    • Intrusion-related porphyry and Iron Oxide Copper-Gold (IOCG) mineralisation
    • Magmatic Ni-Cu-PGE mineralisation within a distinct layered mafic intrusion
    • Orogenic and intrusion-related gold mineralisation within the Dalgaringa Supersuite and Camel Hills Metamorphics.
    • Intrusion-related gold and base metal deposits within the Edmund Basin
    • Sedimentary-hosted base metal deposits in the Edmund Basin analogous to the Abra deposit
  • At-surface uranium targets identified through airborne radiometric survey data

Odessa’s Executive Director, David Lenigas, commented:

“This has been a Quarter to prepare for drilling in the Gascoyne. We have identified some very significant uranium targets, and we aim to drill this Quarter. We have high grade calcrete uranium targets and substantial roll-front uranium targets set up to drill. Our drill contractor has been chosen and we are finalising some heritage surveys at Lyndon before we mobilise the drill rigs to Gascoyne East and Lyndon. We will advise of the planned metres of the various types of drilling we plan to do, closer to the drill rigs being mobilised. This should be an exciting Quarter for shareholders and the board looks forward to elaborating on the drilling as it moves to proceed shortly.”


Click here for the full ASX Release

This article includes content from Odessa Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

ODE:AU
The Conversation (0)
Company Update - Name Change to 'American Uranium Limited'

Company Update - Name Change to 'American Uranium Limited'

GTI Energy (GTR:AU) has announced Company Update - Name Change to 'American Uranium Limited'

Download the PDF here.

Terra Clean Energy President and CEO Greg Cameron.

Terra Clean Energy Ramps Up Summer Drilling Plans, Eyes Resource Update

Terra Clean Energy (CSE:TCEC,OTCQB:TCEFF,FWB:C9O0) President and CEO Greg Cameron outlines the company's upcoming summer drill program at the South Falcon East uranium project, building on strong results from a winter campaign at the Fraser Lakes B deposit.

“The plan is to get up to 2,500 meters back into this new area of interest. Hopefully drill into what we're defining as an unconformity basement-hosted uranium deposit with significantly higher grade than we currently have,” he said.

“We would have the ability to update that resource report in some fashion, maybe early 2026 or mid-2026, so those are the two key catalysts. But it's all about drilling and adding pounds to the current resource and, more importantly, significantly enhancing that grade which we think we have," Cameron added.

Keep reading...Show less
Placement Shares Issued & Drilling Approval Expected August

Placement Shares Issued & Drilling Approval Expected August

GTI Energy (GTR:AU) has announced Placement Shares Issued & Drilling Approval Expected August

Download the PDF here.

Yellow uranium rock on dark stones with ASX logo in the corner.

Top 3 ASX Uranium Stocks of 2025

Uranium broke out in 2024, with the spot price rising to a 17 year high of US$106 per pound early in the year. Despite a pullback to about US$78, uranium is still more than 40 percent higher than it was two years ago.

Although the market is dealing with ample supply and uncertain demand in 2025, experts are predicting a bright future as countries around the world pursue energy security goals.

Against that backdrop, ASX-listed uranium companies have been making moves in 2025.

Keep reading...Show less
North Shore Uranium (TSXV:NSU)

North Shore Uranium Engages Investing News Network

North Shore Uranium Ltd. (TSX-V:NSU) ("North Shore" or the "Company") is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the "INN Agreement") with Dig Media Inc. dba Investing News Network ("INN").

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com. On July 4, 2025, the Company entered into the INN Agreement. The INN Agreement will be for a three-month term, with three equal payments of $2,750 that will be paid at the beginning of each month, totaling $8,250 (GST excluded). The INN Agreement will not automatically renew. INN will provide advertising to increase awareness of the Company with the first campaign commenced on July 4, 2025. INN does not provide Investor Relations or Market Making services. INN currently holds no common shares in the Company. INN and the Company are unrelated and unaffiliated entities.

Keep reading...Show less

Latest Press Releases

Related News

×