The standout hit at Cymbric Vale was 11m at 1.9% copper from 35m was much higher grade than two historical holes.

Cymbric Vale is also located within an area where geophysics is said to have identified targets over in-excess of 12km of strike.

Further, Odin is now modelling a potential IOCG target at the Big Mother prospect.

Scout drilling is continuing at Koonenberry, which covers 2600sq.km.

Odin started the quarter with A$2.2 million cash.

As such a fundraising in the short term is probably likely, albeit the company claimed late last month the $2.2 million was "sufficient to fund corporate costs for the remainder of 2022 and also facilitate further exploration activities".

Shares in Odin were up 25% to 3c in late trade on strong volumes, capitalising the company at $14 million.