Slide 1: Valuable High-Grade Resources and Exciting Exploration in Murchison Gold Country
Valuable High-Grade Resources and Exciting Exploration in Murchison Gold Country For personal use only Investor Presentation November 2024 | ASX: ODY 1
Slide 2: Very compelling value opportunity
Very compelling value opportunity Shallow high-grade resource in the heart of the Murchison Indicated and Inferred Resource of 5.14Mt @ 2.5g/t Au for 407koz1 For personal use only ODY’s 80% share - 325,000oz - trading at A$47/oz. Resources on granted Mining Leases in a district with over 7.5Mtpa of
Slide 3: Accessible resources on granted Mining Leases
Accessible resources on granted Mining Leases Reliable development path in a demanding regulatory environment 4.2Mt @ 2.3g/t Au for 311koz of the resource on granted Mining Leases For personal use only Mining proposal completed and approved with grant of Mining Lease M20/527 in 2014 including • Wast
Slide 4: Multiple development options for high-grade ore
Multiple development options for high-grade ore ✓ The last mining on the Tuckanarra Project was in the mid 1990’s when the gold price was A$500/oz ✓ Several Murchison gold producers are challenged by increasing costs and declining grade in projected ore reserves For personal use only ✓ Accelerating
Slide 5: Clear and compelling exploration upside
Clear and compelling exploration upside Foundations Set to Add Further High-Grade Ounces ✓ Odyssey’s initial focus was to understand and quantify the shallow potential around the numerous historical open pit and small scale For personal use only operations at Tuckanarra and Stakewell ✓ Enhanced unde
Slide 6: Portfolio of underexplored open pit & underground targets
Portfolio of underexplored open pit & underground targets For personal use only A portfolio advanced targets of shallow quality oxide mineralisation and high-grade shoots. 6
Slide 7: Regional fold hinge
Regional fold hinge Large scale gold deposits are commonly proximal to the hinges of regional anticlines. This was a major input into targeting that led to the discovery of the Highway Zone. For personal use only 7
Slide 8: Deeper shoots emerging
Deeper shoots emerging Cable-Bollard-Highway with conceptual pit model (green), underground targets (yellow), For personal use only EM anomaly 200m west of the Cable-Bollard Trend (purple ellipse) and 2024 diamond drill holes in blue and white. Intersections of over 5g/t are highlighted in red. The
Slide 9: EM to identify and refine deeper targets
EM to identify and refine deeper targets • Sulphide replacement of BIF consistently seen in footwall of gold mineralisation at Cable Bollard, Highway and Bottle Dump For personal use only • Downhole EM and moving loop EM anomalies and modelled conductors have correlated very well with alteration min
Slide 10: Sulphide association with gold
Sulphide association with gold • Excellent correlation between pyrrhotite and gold. For personal use only • Pyrrhotite is highly conductive • Technique can be used to target high-grade shoots under laterite cover across the project Drilling Sulphide % 3.6m @ 10g/t Au1 associated with semi-massive su
Slide 11: Bottle Dump EM
Bottle Dump EM • Existing drilling confirms the correlation between conductors and gold mineralisation1 • Drill ready and untested conductors down plunge from Bottle Dump resource For personal use only 11
Slide 12: Highway Zone Underground Target
Highway Zone Underground Target ✓ Four holes recently completed along strike and below current resource ✓ Mineralised intervals of >5g/t are consistently intersected in the Highway For personal use only Zone structure ✓ RC drilling at the Highway Zone intersected over 20 intervals of over 5g/t Au in
Slide 13: Emerging High Grade Shoot at Bollard
Emerging High Grade Shoot at Bollard ✓ Recent diamond tail targeted interpreted extension down plunge from 11m @ 4.6g/t ✓ Previous RC hole was drilled from foot wall and did not reach target For personal use only ✓ Outstanding high grade results: ✓ 7.65m @ 11.8g/t from 354.5m, and ✓ 3.7m @ 8.3g/t fr
Slide 14: Board & management with a proven track record
Board & management with a proven track record CAPITAL STRUCTURE BOARD OF DIRECTORS ODY SHARES ON ISSUE 898.9m Ian Middlemas – Chairman Highly regarded Chairman and resources executive. Mr Middlemas is currently the Chairman of a PRICE (as at 19/11/2024) A$0.02 number of publicly listed companies. Fo
Slide 15: JORC Gold Resource Estimate (80% ODY)
JORC Gold Resource Estimate (80% ODY) Resource Resource Category Tonnes Grade Metal (Mt) (g/t Au) (koz Au) Open Pit Inferred 3.97 2.1 271 Including: For personal use only • 2.25Mt @ 3.9g/t for 283koz above a Indicated 0.79 2.4 62 2g/t cut-off • 4.2Mt @ 2.3g/t for 311koz on granted mining leases Tota
Slide 16: Disclosures & disclaimers
Disclosures & disclaimers IMPORTANT INFORMATION This presentation has been prepared by Odyssey Gold Ltd (“Odyssey Gold” or the “Company”). This presentation is for information purposes only and should not be considered as an offer or invitation to subscribe for or purchase any securities in the Comp
Slide 17: For personal use only
For personal use only ASX: ODY Level 9, 28 The Esplanade, Perth WA 6000 For further information, please contact: T: +61 8 9322 6322 E: info@odysseygold.com.au Matt Syme, Executive Director +61 8 9322 6322 www.odysseygold.com.au