• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Odyssey Gold Ltd

Odyssey Gold Ltd

ASX : ODY

  • Corporate
    • Directors and Management
    • Corporate Directory
    • Corporate Governance
  • Projects
  • Investors
    • ASX Announcements
    • Company Reports
    • Company Presentations
    • Right to Receive Documents
    • Gallery
  • Contact

Murchison Gold Projects

Odyssey controls a highly prospective footprint in the Meekatharra-Cue belt, with over 30km of strike of highly fertile BIF and greenstones, with extensive gold mining history and outstanding exploration potential. Both the Tuckanarra and Stakewell projects have a number of strong drill targets based on previous shallow mining and drilling, which demonstrate high-grade mineralisation continuing at depth and/or along strike.

The Company is utilising modern exploration techniques and deeper drilling to target mineralisation along trend, and down plunge of known deposits. These techniques are similar to what was adopted and assisted in the recent successes of Musgrave Minerals Limited, Bellevue Gold Limited and Spectrum Metals Limited.

The Tuckanarra Project area has four open pits, extensive minor gold workings, and prospecting pits principally associated with quartz veins and the mafic and BIF units. Where mineralised veins intersect major competency contrasts such as high magnesium basalt or BIF, veining becomes layer parallel to lithology, resulting in larger deposits such as the Bottle Dump, Bollard and Cable deposits. A number of styles of gold mineralisation have been identified in the area including mineralised BIFs ± quartz veining, quartz veins ± altered basalts, and gold mineralisation within laterite.

Gold mineralisation at the Stakewell Project is hosted within quartz veins, quartz reef and porphyry. It is structurally and metasomatically controlled and is associated with a series of plunging shoots contained within a BIF host, enclosed within the mafic sequence. The lode system is dominated by fine to medium grained quartz-pyrite-pyrrhotite schist. Accessory minerals include chlorite, hornblende, biotite, epidote, chalcopyrite and haematite. Supergene enrichment is a pronounced feature of the gold camp.

Odyssey successfully completed its maiden drill program in Q2 2021, which was comprised of 10,970m reverse circulation and 2,030m of diamond core drilling. The maiden drill program targeted a mix of near-mine and brownfields targets at both the Tuckanarra and Stakewell projects.

Odyssey has commenced its Phase 2 exploration program, with Phase 2a comprising approximately 25,000m of drilling as well as a range of geophysical, geochemical, and geological surveys. The Phase 2a drill program includes approximately 20,500m of reverse circulation and 4,500m of diamond core drilling.

Footer

Subscribe to Announcements

Copyright © 2023 Odyssey Gold Ltd. ABN 73 116 151 636. Site by White Noise Communications

IMPORTANT NOTICE


BEFORE DOWNLOADING, PRINTING OR VIEWING THE PROSPECTUS, PLEASE CAREFULLY READ THIS INFORMATION.


PROSPECTUS


The Prospectus dated 18 November 2020 (Prospectus) is an important document that should be read in its entirety before deciding whether to participate in the Offer (as referred to below and set out in the Prospectus). If after reading the Prospectus, you have questions about the Offer, you should contact your stockbroker, accountant or other professional adviser.


The Offer


The Prospectus contains details of an offer by Odyssey Energy Limited (proposed to be renamed Odyssey Gold Limited) (Company) of 125,000,000 fully paid ordinary shares for A$0.025 per Share to raise up to A$3,125,000 before costs (Offer). No shares will be issued or transferred on the basis of the Prospectus after the expiry date, being 13 months after the date of the Prospectus. The Company will apply to ASX Limited (ASX) for readmission and quotation of the shares on ASX within 7 days of the date of the Prospectus.


IMPORTANT INFORMATION


The paper form of the Prospectus (including the Application Forms) are available electronically through this website. A free paper copy of the Prospectus is available from the Company upon request by an investor.


Neither ASIC nor ASX take any responsibility for the contents of the Prospectus or the investment to which it relates.


The information contained in the Prospectus is not financial product advice and does not take into account your investment objectives, financial situation or particular needs. The Prospectus should not be construed as financial, taxation, legal or other advice. The Company is not licensed to provide financial product advice in respect of its securities or any other financial products.


The Prospectus is important and should be read in its entirety prior to deciding whether to invest in the Company. There are risks associated with an investment in the Company and some of the key risks are set out in Section 8. You should carefully consider these risks in light of your personal circumstances (including financial and tax issues) and seek professional guidance from your stockbroker, solicitor, accountant, financial adviser or other independent professional adviser before deciding whether to invest in the Company. There may also be risks in addition to these that should be considered in light of your personal circumstances.


If you do not fully understand the Prospectus or are in doubt as to how to deal with it, you should seek professional guidance from your stockbroker, solicitor, accountant, financial adviser or other independent professional adviser before deciding whether to invest in the Company.


No person named in the Prospectus warrants or guarantees the Company’s performance, the repayment of capital by the Company or any return on investment made pursuant to the Prospectus.


WARNING


The distribution of the Prospectus outside of Australia may be restricted by law. The Prospectus is not intended to, and does not, constitute an offer of securities in any place which, or to any person to whom, the making of such offer would not be lawful under the laws of any jurisdiction outside Australia. It is the responsibility of any applicant outside Australia to ensure compliance with all laws of any country relevant to their application and any applicant should consult their professional advisers as to whether any governmental or other consents are required, or other formalities need to be observed to enable them to apply for securities under the Prospectus. The failure to comply with any applicable restrictions may constitute a violation of securities law in those jurisdictions.


No action has been taken to register or qualify the securities or the Offer under the Prospectus or otherwise to permit a public offering of the securities in any jurisdiction outside Australia. The Offer is not being extended to any investor outside Australia. The distribution of the Prospectus (including in electronic form) outside Australia may be restricted by law and the may be restricted by law and persons who come into possession of the Prospectus outside Australia should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.


The Prospectus does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to any US person (as defined in regulations under the US Securities Act of 1933, as amended (US Securities Act), and is not available to persons in the United States or to US persons. The securities in the offering have not been and will not be registered under the US Securities Act or the securities laws of any state of the United States and may not be offered or sold in the United States or to US persons, except under an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable state securities laws.


The Prospectus accessible on this website is available to persons accessing the site from in Australia only. If you are accessing this site from anywhere outside Australia, do not download, print or view the Prospectus. By accessing the Prospectus, you acknowledge and confirm, among other things, that you are an Australian resident and are accessing the site from within Australia.


EXPOSURE PERIOD


The Corporations Act 2001 (Cth) (Corporations Act) prohibits the Company from processing applications for securities under this Prospectus (Applications) in the seven day period after the Prospectus Date (Exposure Period). This period may be extended by ASIC for a further period of up to seven days. The purpose of the Exposure Period is to enable this Prospectus to be examined by ASIC and market participants prior to the raising of funds under the offer. The examination may result in the identification of deficiencies in this Prospectus, in which case any Application may need to be dealt with in accordance with section 724 of the Corporations Act. Applications received during the Exposure Period will not be processed until after the expiry of the Exposure Period. No preference will be conferred on any Applications received during the Exposure Period.


ACKNOWLEDGEMENT


The information on this website is provided for information purposes only and is subject to change without notice. Nothing contained on this website or in the Prospectus constitutes investment, legal, business, taxation or other advice. The information on this website and in the Prospectus does not take into account your investment objectives, financial situation or particular needs.


By clicking the ‘I CONFIRM’ button below and accessing the Prospectus on this website, you acknowledge that you have read and accept the terms set out in this notice and represent, warrant and agree that:


  1. you are a resident of Australia accessing this website from within Australia;
  2. you are 18 years of age or over;
  3. you are not a resident of the United States nor currently located in the United States;
  4. you are not acting for the account nor benefit of a person in the United States or any other foreign person;
  5. you will not make a copy of the Prospectus available to, or release or distribute a copy of the Prospectus to, or for the account or benefit of, any person in the United States or in any other place in which, or to any other person to whom, it would be unlawful to do so (Ineligible Persons); and
  6. you are not acting as a nominee for, or otherwise for the account or benefit of, any Ineligible Persons.
  • Corporate
      Back
    • Directors and Management
    • Corporate Directory
    • Corporate Governance
  • Projects
  • Investors
      Back
    • ASX Announcements
    • Company Reports
    • Company Presentations
    • Right to Receive Documents
    • Gallery
  • Contact