Odessa Minerals: A Diamond Mineral Exploration Company

AUStock_Pedia
2022-10-03

Hey, this is AUStock_Pedia.

I would like to introduce some Australian companies that may be of some help to your investments.

The company I'm going to introduce is $Odessa Minerals Limited(ODE.AU)$. It went public in 1986.

[Company Profile]​

Odessa Minerals (formerly Fargo Enterprises) is an ASX-listed diamond exploration company focused on the discovery of diamonds in the Kimberley region of Western Australia. The Company holds 2,400km2 of tenure, either 100% or in joint venture, that it is exploring.

All of the Company’s projects have identified diamond occurrences in the GSWA Mindex database, with several advanced projects that have been subject to detailed diamond exploration.

[History & Events]

1935: The company was incorporated in NSW as Carpenter Investment Trustee Company Ltd.

2015: The company advised that it has obtained the waivers from ASX in connection with the Company's proposed acquisition of 100% of the issued capital of Global Agenda Technologies Pty Ltd (Agenda) (Acquisition).

2016: The company announced completion of the acquisition of Flamingo Customer Experience Inc

2021: The company entered into a binding Terms Sheet to acquire Odessa Minerals Limited. Odessa has agreed to acquire a 90% interest in the Aries Project, Calwynyardah Project and Aries Extension Project, as well as 11 applications for exploration licences.

2022:  The company changed its name to Odessa Minerals Limited in January.

2022: Odessa Minerals Limited announced Aries Diamond Kimberlite Modelled to 900M below surface.

2022: Odessa Minerals Limited entered into an agreement to acquire Lyndon Project from CRC Minerals Pty Ltd.

[Main Operation Region]

[Net Income & Total Revenue]

[Competitors]

$Strategic Energy Resources(SER.AU)$

$Great Northern Minerals(GNM.AU)$

$Lord Resources Limited(LRD.AU)$

$Balkan Mining And Minerals Limited(BMM.AU)$

$Trigg Mining(TMG.AU)$

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