Godolphin Resources
Financials:
Primary ticker: ASX:GRL
Stage of development: Exploration
Primary minerals: REE, Copper, Gold, Base Metals
Project to promote: Narraburra, Yeoval, Lewis Ponds
Project location: Australia
Website: godolphinresources.com.au
GRL is focused on the development of projects containing critical minerals and green metals through ongoing exploration and development across its established tenement suite in central west NSW. Pursuing a multi-discovery strategy with a pipeline of near-term copper, gold and rare earth projects with low capital entry costs. Recently announced maiden 2012 JORC compliant Minerals Resource Estimate of 94.9Mt @ 739ppm TREO, including a high grade 20Mt t @ 1,079ppm TREO. Ongoing active exploration program in progress and expanded metallurgical test work at the Narraburra REE project, near Temor in Central West NSW, plus numerous copper and gold projects across tenement package provide optionality (512koz of gold in current resources).
Cash: AUD$1.854M
Debt: NIL
Major Shareholders:
O’Shannassy – 9.13%
Buchhorn – 7.2%
Orange Minerals NL – 5.96%
HSBC – 3.74%
Dupuy – 3%
Management Ownership – 7.7%
Management Profile
Jeneta Owens – Managing Director
An experienced geologist with over 16 years of mining and exploration experience, working on a range of deposit styles and commodities within the metals industry. During her career, Ms Owens has undertaken senior exploration management roles with number of companies. For over a decade, her particular focus has been on porphyry copper-gold, epithermal gold and base metals exploration in NSW, leading exploration activities at Northparkes’ Cu-Au mine and Sandfire Resources’ NSW projects, adjacent Godolphin’s assets. Ms Owens also managed her own geological consultancy, conducting strategic planning, exploration management and project evaluation for junior explorers within NSW.
Ms Owens is a qualified geologist and member of both the AusIMM and AIG.
What is your rationale for taking part in 121 Mining Investment?
Provide updates on REE project, specifically the recently announced MRE and the next steps to advance the project towards mining and a general update on GRL’s copper and gold projects in NSW.
What recent news would you like to highlight to investors attending?
19th April 2023 – Major Increase to Mineral Resource Estimate and Resource Upgrade Highlights Narraburra as a Rare Earth Project of National & International Significance
5th April 2023 – Leach Testing Highlights Exceptional Narraburra Recoveries
2nd March 2023, High grade copper in rock chips at Cyclops and Goodrich Prospects, Yeoval Project, NSW
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Results of Mineralogy Study completed for Narraburra
Commence infill and extension drilling at Narraburra REE project
Commence expanded metallurgical study of Narraburra leaching parameters
6 Months:
Complete drilling at key copper projects – Cyclops, Yeoval East and Goodrich
Completion of Narraburra extension drilling and commence update of MRE
12 Months:
Complete project scale metallurgical test work and flow sheet and commence mining feasibility study of Narraburra REE
Drill testing of CHE copper and gold targets
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Looking to expand REE portfolio across Australia to allow optionality
What do you think makes your company such a compelling investment?
What are the top 3 key investor takeaways?
Clay hosted REE deposit with large maiden JORC MRE
Low-cost mining and processing
Geopolitically stable jurisdiction