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- Odin Metals (ODM) enters a trading halt pending the release of an upcoming announcement of a capital raise
- The company will remain in the halt until Friday, October 21, or until the announcement has been released — whichever occurs first
- On October 17, Odin announced it had identified significant soil geochemistry anomalies at its Koonenberry project in New South Wales
- Odin identified six geochemical targets anomalous for copper via a geochemical survey, with all also returning elevated concentrations of bismuth, copper and zinc, among other elements
- Shares in Odin last traded at 2.2 cents on October 18
Odin Metals (ODM) has entered a trading halt pending the release of an upcoming announcement of a capital raise.
The company will remain in the trading halt until Friday, October 21, or until the announcement has been released, whichever occurs first.
Odin is yet to disclose how much it intends to raise or for what it will use the funds once received.
On October 17, Odin announced it had identified significant soil geochemistry anomalies at its Koonenberry project in New South Wales.
Six new geochemical targets anomalous for copper were identified via a geochemical survey, with all returning elevated concentrations of bismuth, copper, zinc and molybdenum, among other elements.
The survey is continuing, with work underway close to the anomalies identified at Cymbric Vale.
Infill and soil geochemistry is now underway between Rawlins Tank and Cymbric Vale to refine the extent of the anomalism in these areas.
Shares in Odin last traded at 2.2 cents on October 18. The company has a $12.81 million market cap.
