Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Noosa Mining Investment Conference 2024
21 slides from Orbit Resources's conference presentation, Nov 13, 2024
Slide 1: Godolphin Resources Limited
Godolphin Resources Limited Gold, copper, base metals and rare earths in Australia’s best mining jurisdiction 1 3 N o v e m b e r 2 0 2 4 | A S X : G R L NO O SA MIN IN G IN VEST MEN T CO N FER EN C E RARE EART H ELEM EN T S | COP P ER -G OLD -BASE M ETALS
Slide 2: Disclaimer and Competent Persons Statement
DISCLAIMER AND COMPETENT PERSONS STATEMENT C O M P E T E N T P E R S O N S S TAT E M E N T JORC INFORMATION The Presentation has been prepared with reference to public reports made by Ardea Resources Limited (Ardea) (ASX:ARL) and Godolphin Resources Limited (Godolphin or Company) (ASX:GRL). Notably,
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT Major shareholders % held American Rare Earths Limited (ASX:ARR) 8.58% Shares on Issue Options on Issue Brian O’Shannassy & Associates 3.42% 316.2m 89.3m Ian Buchhorn & Associates 3.37% Market Capitalisation Share Price Calama Holdings Pty Ltd 3.13% 5.7m $0.018 Saba Nominees Pty L
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Focused on the exploration and development of Maiden JORC 2012 MRE* at Narraburra Rare Earth gold, copper, base metals and critical minerals project to 94.9Mt @ 739 ppm including high grade projects across a large tenement suite in NSW core of 20Mt @ 1,079 TREO using a 600 ppm
Slide 5: Significant Foothold in NSW
SIGNIFICANT FOOTHOLD IN NSW A S TA B L E J U R I S D I C T I O N Project suite: • Lewis Ponds (100%) – Gold, copper and base metals • Narraburra (100%) – Rare earth elements (REE) • Cambrai (100%) – REE, tin and copper • Trungley (100%) – REE • Yeoval (100%) – Copper and gold • Copper Hill East (100
Slide 6: Lewis Ponds Gold, Copper & Base Metals Project
LEWIS PONDS GOLD, COPPER & BASE METALS PROJECT • Project covers ~148km2 and is located 15km east of Orange, NSW • Area was an active historical mining centre – project hosts extensive historic gold and base metals workings • Project has a JORC 2012 Inferred MRE of 6.2Mt @ 2.0 g/t gold, 80 g/t silver
Slide 7: Lewis Ponds Exploration Potential
LEWIS PONDS DISCLAIMER EXPLORATION AND COMPETENT POTENTIAL PERSONS STATEMENT • Spicers & Toms Lodes open to the north, south and at depth – no drilling undertaken to date • Large gaps within the resource – infill drilling can provide upside • Untested Downhole EM off hole conductors – not tested to
Slide 8: Lewis Ponds Exploration Potential
LEWIS PONDS EXPLORATION POTENTIAL INCREASING THE LEWIS PONDS OPPORTUNITY Results from an orientated soil survey north of known mineralisation at Lewis Ponds identified areas of elevated gold in soils, co-incident with VTEM anomalies with a similar signature to the main mineralised lodes at Lewis Pon
Slide 9: Narraburra: Rare Earth Optionality with Scale Potential
NARRABURRA RARE EARTH OPTIONALITY WITH SCALE POTENTIAL Identified by the Australian Government Department of Industry, Science and Resources in 2022 Critical Minerals Strategy as a major REE deposit – also listed as a critical minerals project by the Government’s Trade and Investment Commission. Mai
Slide 10: Narraburra Rare Earth Distribution
NARRABURRA RARE EARTH DISTRIBUTION T OTA L R A R E E A R T H O X I D E S ( T R E O ) V E R S U S T OTA L P E R M A N E N T M AG N E T M I N E R A L O X I D E S (MREO) DISTRIBUTION 2 MREO 24% 1 TREO = 550.45ppm 76% 1 Total Rare Earth Oxides (TREO) = Total REOs (La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3 +
Slide 11: Narraburra: Low Cost Development Potential
NARRABURRA LOW COST DEVELOPMENT POTENTIAL Outstanding metallurgy results point to low-cost development & processing potential Testing completed with Australian Nuclear Science and Technology Organisation (ANSTO) Phase 1: 2023 delivered 92% recovery of key magnet REEs (Pr, Nd, Tb, Dy) with best resul
Slide 12: MREC (Mixed Rare Earth Carbonate)
MREC (Mixed Rare Earth Carbonate) MREC composition indicate a high value product due to high concentrations of Tb and Dy and low impurities Slurry leach results indicate MREO extraction rates up to 90% with limited deleterious element (impurity) extraction and low (1.2kg/t) acid consumption Phase 3
Slide 13: MREC Composition
Godol " of MR of TREO R R of TREO LazOe 0.58 8.13 $0.05 $0.08 0.2% | 21.6 $0.12 0.8% | 33.00 $0.18 $0.32 1.49 ce. 1.01 9.09 $0.09 $0.16 05% | 0.73 $0.01 0.0% | 0.79 $0.01 $0.01 0.1% PreOrs 60.30 2.46 $1.48 $2.59 7.3% | 4.21 $2.54 17.0% | 4.90 $2.96 $5.16 22.1% NdzO3 60.30 8.65 $5.22 $9.05 25.7% | 14
Slide 14: Investment Summary
INVESTMENT SUMMARY EXCEPTIONAL OPTIONALITY & MULTICOMMODITY EXPOSURE • Extensive foothold in the Lachlan Fold Belt, NSW’s premier mining and exploration jurisdiction • Four JORC 2012 MREs across project suite with a current resource inventory of 519koz gold • JORC 2012 Inferred MRE at Lewis Ponds of
Slide 15: 6 Month Exploration Timeline October 24 - March 25
6 MONTH EXPLORATION TIMELINE – October 24 –March 25 LEWIS PONDS LEWIS PONDS ONGOING COMMENCEMENT LEWIS PONDS M E TA L L U R G I C A L LEWIS PONDS M E TA L L U R G I C A L DRILLING OF LEWIS PONDS STUDY M R E U P DAT E STUDY U P DAT E S A S S AY R E S U LT S DIAMOND COMMENCES RESULTS DRILLING FIRST MR
Slide 16: Contact
CONTACT GODOLPHINRESOURCES.COM.AU Jeneta Owens – Managing Director [email protected] 10/259 Clergate Rd Orange, NSW, 2800 Australia +61 417 344 658
Slide 17: Appendix: Copper, Gold and Base Metals Projects Overview
APPENDIX 1 CO P P E R , G O L D A N D BA S E M E TA L S PROJECTS OVERVIEW Lewis Ponds: • JORC 2012 Inferred Mineral Resource Estimate of 6.20 Mt at 2.0g/t gold, 80g/t silver, 2.7% zinc, 1.6% lead and 0.2% copper • Resource is part of a larger mineral system extending over 9km SE with extensive gold,
Slide 18: Appendix 2: Unlocking Value at Lewis Ponds
APPENDIX 2: UNLOCKING VALUE AT LEWIS PONDS Grade Contained metal Tonnage Class (Mt) Au (g/t) Ag (g/t) Zn ((%) Pb (%) Cu (%) AuEq (g/t) Au (koz) Ag (moz) Zn (kt) Pb (kt) Cu (kt) Inferred 6.2 2.0 80 2.7 1.6 0.2 6.0 398 15.9 170 99 11 Total 6.2 2.0 80 2.7 1.6 0.2 6.0 398 15.9 170 99 11 *Lewis Ponds Res
Slide 19: Appendix: Yeoval Copper Gold Project
APPENDIX 3 YEOVAL COPPER GOLD PROJECT Yeoval Project (EL8538) covers ~290km2 , with over 60 historic copper- gold mine workings along 20km strike length Typical porphyry Cu-Au style mineralisation at Yeoval with disseminated and vein-hosted chalcopyrite, molybdenite and bornite Recent diamond drilli
Slide 20: Appendix: Copper Hill East Copper and Gold Project
APPENDIX 4 COPPER HILL EAST (CHE) COPPER AND GOLD PROJECT • Project located in the same volcanic sequence as Boda (50km north) and Cadia- Ridgeway (50km south) • Two drilling phases completed in 2020 • Preliminary indications from work include: ⚬ Copper and gold in soils anomaly ⚬ Minimum of 7km str
Slide 21: Appendix: CHE Turrawonga Copper Gold Porphyry Potential
APPENDIX 4 CHE TURRAWONGA – COPPER GOLD PORPHYRY POTENTIAL • Prospect hosts a magnetic anomaly with coincident Au/Cu anomaly-tested with four RC drill holes, two with diamond tails • Drill holes intersected: ⚬ Multiple intrusions ⚬ Zones of strong magnetite and pyrite ⚬ Chlorite-epidote-albite alter
Godolphin Resources — Noosa Mining Investment Conference 2024 on 6ix