Odessa Minerals Limited
FNGGF
Other OTC0.00
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-0.01
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Odessa Minerals Limited
FNGGF
(Other OTC)
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yld
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ROIC.AI
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- Business
- Odessa Minerals Limited (ASX:ODE) operates as a mineral exploration company focused on diamonds, rare earth elements, lithium, uranium and other critical minerals primarily in Western Australia. The company holds over 3,000 square kilometers of tenements, including the Lockier Range REE/Lithium Project in the Gascoyne Region with high-grade historical rare earth oxide samples up to 14% total rare earth elements in stream sediments and 3.8% in soils; the Lyndon REE/Lithium Project spanning 811 square kilometers featuring seven thorium anomalies prospective for REE/Li mineralisation and high-order lithium soil samples; and legacy Kimberley Diamond Projects such as Aries, Ellandale, Calwynyardah and Noonkanbah targeting diamond deposits. Founded in 1935 and headquartered in Subiaco, Perth, Australia, Odessa Minerals conducts exploration activities including geophysical surveys, soil sampling and stream sediment analysis to delineate resource potential across its portfolio. In recent developments, the company changed its name from Fargo Enterprises Limited in January 2022 to reflect its sharpened focus on minerals exploration; acquired new detailed magnetics data at 50-meter line spacing to enhance project targeting; and reported director interest changes on December 5, 2024, involving the issuance of 37,857,143 ordinary shares and 16,000,000 performance rights alongside board updates effective April 14, 2025, while confirming uranium and vanadium mineralisation at the Lyndon Project as of April 2024.