Odyssey Gold (ASX:ODY) said a mining technical study of options for processing from the Tuckanarra gold project in Western Australia supported the potential to receive all necessary permits for the project next year, according to a Tuesday filing with the Australian bourse.

The study also supports processing at an expanded Burnakura processing plant, and the company has shared the study with Monument Mining, the owner of the plant, the filing said.

The company will now start a scoping study for the project, the filing said.

Shares of the company fell 5% at market close.