GODOLPHIN RESOURCES LIMITED r personal use only
Company Update
12 November 2021
The premier land package for Gold and Copper-Gold Deposits in Australia's World Class Lachlan Fold Belt
r personal use only
Investment overview
Located in the Lachlan Fold Belt (LFB), Australia's premier address for porphyry gold-copper and epithermal gold projects
A dominant footprint with 100% control of more than 3,200km2 in a premier location - two additional exploration licences under application
Surrounded by multiple million-ounce mines and excellent infrastructure
Current resources of 519koz gold with active program underway to expand resource inventory
Gold bearing quartz vein at Gundagai
Multiple near-term discovery catalysts with key assets to be drill tested over next 8 - 12 weeks
Well funded with $4.17m at bank to progress a strategic and targeted exploration program
Multi-discovery strategy in place with a pipeline of near- term gold and/or copper producing projects with low capital entry costs
Recently appointed experienced technical team with intimate area knowledge and a track record of VMS and porphyry discoveries
Native copper in epidote altered volcanic rock at Copper Hill East.
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Corporate snapshot
Snapshot
Shares on issue | 84.1m |
Market capitalisation | $12.2m |
(at $0.145 per share) | |
Options on issue | 50.7m |
52 week high - low | $0.14 - $0.325 |
Debt | Nil |
Cash at bank | $4.17m |
(as at 30 Sep 2021) | |
Major shareholders | % held |
Ian Buchhorn & Associates | 8.0% |
Brian O Shannassy & Associates | 5.9% |
Citicorp Nominees Pty Limited | 2.4% |
Mr Olivier Dupuy & Ms Julie Dupuy | 2.2% |
Top 20 | 38.6% |
Board of Directors
Non-Executive Chairman | Mr Jeremy Read |
Managing Director | Ms Jeneta Owens |
Non-Executive Director | Mr Ian Buchhorn |
Non-Executive Director | Mr Doug Menzies |
Price and volume (Nov 2020 to Nov 2021)
0.35 | 1000 |
0.30 | 900 |
800 | |
0.25 | |
700 | |
0.20 | 600 |
500 | |
0.15 | |
400 | |
0.10 | 300 |
0.05 | 200 |
100 | |
0.00 | 0 |
Volume (A$'000) | Price ($) |
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Significant foothold in the Lachlan Fold Belt
Lachlan Fold Belt (LFB) in NSW is a world class mining precinct
- 100% control of >3,200km2 of highly prospective LFB tenure
- Historic mining precinct - multiple new discoveries highlight LFB is elephant country
Key projects:
- Lewis Ponds - gold, copper, zinc
- Copper Hill East - gold, copper
- Yeoval - gold, copper
- Gundagai North & South - gold
Two additional ELA's lodged to bolster company's footprint in region
All projects have clear drill targets and
active exploration programs
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onlyGRL's ELs are sandwiched between Cadia's Ridgeway copper- gold mine - one of Australia's largest and lowest cost gold mines - to the south and Alkane's Boda copper-gold porphyry discovery to the north
Multiple million-ounce neighbours:
use | Newcrest (Cadia/Ridgeway - | |
3.2Bt @ 0.26% Cu and 0.37g/t Au) | ||
Evolution (Lake Cowal | ||
265Mt @ 1.06g/t Au) | ||
personalr | Alkane (Boda discovery) | |
Regis (McPhillamys 69.8Mt @ 1.02g/t Au) | ||
| North Parkes | |
(482Mt @ 0.56% Cu and 0.18g/t Au) Tomingley (9.4Mt @ 1.9g/t Au)
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Disclaimer
Godolphin Resources Ltd. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 03:46:03 UTC.
