ODE 16.7% 0.3¢ odessa minerals limited

Hutch, why not all three!Lucapa is the most advanced with two...

  1. 1,004 Posts.
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    Hutch, why not all three!
    Lucapa is the most advanced with two mines, Angola kimberlite exploration that could be huge, Merlin mine coming on in 2023 and other exploration including Botwsana and Kimberley WA.

    BDM have bought into Ellendale/Blina WA, Blina alluvials likely to be mined this year, Nunavat Canada and other exploration in Botswana. They have also promoted going further downstream into retail.

    Odessa currently all exploration Kimberley WA, Aires is a known diamond source and they have significant ground around the Ellendale area. The advantage is getting in early/cheaper, the disadvantage is it's less advanced.

    Diamond exploration is not the quickest process, Kimberlite and Lamproite pipes (volcanic pipes that may contain diamonds) can be difficult to trace and more often than not don't contain diamonds or uneconomic. The interesting thing (not sure on %) is if you locate diamonds within a Kimbo/Lamp field you are more likely to have others with diamonds. Diamonds have been recovered in and around all the Odessa ground.

 
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