Odessa Minerals Limited ( (AU:ODE) ) has provided an update.
Odessa Minerals Limited announced its quarterly activities, highlighting significant progress in its Lyndon Project, which is prospective for various types of uranium mineralization, including unconformity-type deposits. The company has received permits for drilling at the Relief Well and Baltic Bore prospects, with additional clearances underway, and is also exploring the potential for base metal mineralization in Devonian carbonates. The strategic location of the Relief Well Uranium Prospect, adjacent to Paladin Energy’s Carley Bore Uranium Project, underscores Odessa’s promising positioning in the uranium exploration sector.
More about Odessa Minerals Limited
Odessa Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company’s primary focus is on uranium mineralization, with projects such as the Lyndon Project in Western Australia, which is known for its potential in unconformity-type and calcrete-type uranium deposits.
Technical Sentiment Signal: Buy
Current Market Cap: A$11.2M
Learn more about ODE stock on TipRanks’ Stock Analysis page.