Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Investor Presentation (September 2023)
31 slides from Orbit Resources's investor presentation, September 2023
Slide 1: New World Metals Investment Series
New World Metals Investment Series September 2023 | ASX:GRL A strategic focus on critical minerals and green metals through ongoing exploration and development in central west NSW Rare Earth Elements | A Rare Opportunity
Slide 2: Disclaimer and competent persons statement
Disclaimer and competent persons statement COMPETENT PERSONS STATEMENT DISCLAIMER JORC INFORMATION CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION The Presentation has been prepared with reference to public reports made by Ardea Resources Limited (Ardea) (ASX:ARL) and This Australian Securitie
Slide 3: Investment highlights
Investment highlights Focused on the development of projects containing Maiden JORC 2012 MRE at Narraburra Rare Earth project critical minerals and green metals across an established to 94.9Mt @ 739 ppm including high grade core of 20Mt tenement suite in central west NSW @ 1,079 TREO using a 600 ppm
Slide 4: Corporate snapshot
Corporate snapshot Snapshot Board of Directors Shares on issue 169.24m Non-Executive Chairman Mr Jeremy Read Market capitalisation $5.75m (at $0.034 per share - 31 August 2023) Managing Director Ms Jeneta Owens Options on issue 31.44m Non-Executive Director Dr Christopher Hartley 52 week low-high $0
Slide 5: Dominant foothold in the Lachlan Fold Belt
Dominant foothold in the Lachlan Fold Belt • GRL has one of the largest exploration landholdings in the LFB with over 3,400km2 of highly prospective tenure • Historic mining precinct and new discoveries highlight the LFB’s potential as elephant country • Four JORC 2012 resources across current portf
Slide 6: Strong progress in recent months
Strong progress in recent months Multiple value catalysts delivered to date: • Completion of 31-hole drill programs at Narraburra and delivery of JORC 2012 resource • Initial metallurgical testing delivered highlighting Narraburra deposit potential • Mineralogical testing for Narraburra development
Slide 7: A defined focus on in-demand Rare Earth Elements
A defined focus on in-demand Rare Earth Elements • Leach testing from Narraburra drilling highlights Rare Earth Multiple potential applications in high demand sectors: Elements with initial results showing exceptional recoveries • 92% recovery of key magnet REEs including Pr, Nd, Tb and Dy with indi
Slide 8: Narraburra Rare Earth Project
Narraburra Rare Earth Project Identified by the Australian Government Department of Industry, Science and Resources in the Australia’s 2022 Critical Minerals Strategy*, as a major deposit of REE Narraburra is listed as a critical minerals project by the Australian Government’s Australia Trade and In
Slide 9: Narraburra Rare Earth Element (REE) Project
Narraburra Rare Earth Element (REE) Project • Agreement to earn up to a 75% interest in the project via a farm-in with private exploration company, EX9 Pty Ltd • Project sits in a well known mining region with access to extensive infrastructure - roads, rail, power • Significant discovery potential
Slide 10: Narraburra: Maiden JORC 2012
Narraburra: Maiden JORC 2012 Maiden JORC 2012 Resource delivered consisting of: 94.9Mt @ 739ppm TREO High grade core of 20Mt @ 1,079ppm TREO using a 600ppm cutoff within the Indicated Resource Significant improvements include: • 126% uplift to TREO grade • Indicated Resource now at 50% - previously
Slide 11: Narraburra: Follow up drilling and development
Narraburra: Follow up drilling and development • Multiple additional targets defined allowing for additional increases in size and grade • High grade drill holes remain open in several directions • Historic aircore holes drilled prior to 2010 (refer orange circle) did not hit bedrock • Did not test
Slide 12: Application to extend Narraburra landholding
Application to extend Narraburra landholding • Application made for a 112 km2 exploration licence adjacent Narraburra – Project to be named ‘Cambrai’ upon grant (expected shortly) • ELA6637 adjoins Narraburra to the west and has the potential to host the NW extents of mineralisation • New ground to
Slide 13: Defined exploration timeline
Defined exploration timeline Narraburra REE Project: MRE upgrade at Narraburra alongside mining study Hylogger results Diamond Drilling at Assay Results from Commencement of received and Narraburra diamond drilling mining studies at announced Narraburra Narraburra Sep 23 Oct 23 Nov 23 Dec 23 Jan 24
Slide 14: Yeoval copper gold project
Yeoval copper gold project Existing JORC 2012 Mineral Resource Estimate of *12.8 Mt at 0.38% copper, 0.14 g/t gold, 2.2 g/t silver & 120 ppm molybdenum Yeoval Project (EL8538) covers ~290km2 , with over 60 historic copper-gold mine workings along 20km strike length 2022 diamond at Yeoval and Cyclops
Slide 15: Yeoval – Cyclops copper prospect
Yeoval – Cyclops copper prospect Diamond drillhole GYDD001 from Cyclops Prospect returned multiple zones of high-grade copper mineralisation with coincident gold, silver and molybdenum Copper mineralisation at Cyclops occurs as chalcopyrite ± bornite within chlorite-magnetite-epidote-quartz altered
Slide 16: Investment Summary: Exceptional optionality and potential
Investment Summary: Exceptional optionality and potential Maiden JORC 2012 MRE at Narraburra Rare Earth project to 94.9Mt @ 739 ppm including high grade core of 20Mt @ 1,079 TREO using a 600 ppm cut off 126% uplift to TREO grade 50% Indicated Resource 30% increase to tonnage from previous
Slide 17: godolphinresources.com.au
godolphinresources.com.au Unit 13, 11-19 William Street Orange, NSW, 2800 Australia Jeneta Owens – Managing Director [email protected] +61 417 344 658 17
Slide 18: Strategic focus on critical minerals and green metals
Appendix 1: Strategic focus on critical minerals and green metals The supply of critical green energy minerals is essential for clean energy technologies and needs to rapidly increase over the coming decades in order to meet the world’s climate goals • Net-zero economy transition will be mineral int
Slide 19: Narraburra favourable farm-in and JV terms
Appendix 2: Narraburra favourable farm-in and JV terms GRL has entered into a two-tranche farm-in and joint venture agreement with private exploration company, EX9 Pty Ltd, to earn-up to a 75% interest in the Narraburra project First tranche (51% ownership): • GRL must contribute $1m in expenditure
Slide 20: What are Rare Earths
Appendix 3: What are Rare Earths • Rare earths are 17 elements that share similar properties and are usually found together in geological deposits • They require advanced metallurgical processing to recover and separate • The most abundant are light rare earths, lanthanum, cerium and neodymium, pras
Slide 21: Rare Earth Magnets
Appendix 4: Rare Earth Magnets • The key driver of the rare earths industry in recent decades is their application in permanent magnets, for which neodymium is a key component • The presence of praseodymium improves corrosion resistance with minimal reduction of magnet performance, while terbium and
Slide 22: Lewis Ponds – gold, copper, silver and zinc
Appendix 5: Lewis Ponds – gold, copper, silver and zinc JORC 2012 Resource*: 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, copper and base metal workings Located 20km along a broad str
Slide 23: Increasing the Lewis Ponds opportunity
Appendix 5: Increasing the Lewis Ponds opportunity Spicers Lode open to the north – no drilling Large gaps within the resource – infill drilling Untested Downhole EM off hole conductors – not tested Lewis Ponds Copper rich south – no modern follow-up Re-interpretation of soil geochemical data confir
Slide 24: Increasing the Lewis Ponds opportunity
Appendix 5: 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 Ponds – direct drill targ
Slide 25: Unlocking value at Lewis Ponds
Appendix 5: Unlocking value at Lewis Ponds Class Tonnage Grade Contained metal (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 26: Copper Hill East (CHE) copper and gold project
Appendix 6: 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 st
Slide 27: CHE Turrawonga – copper gold porphyry potential
Appendix 7: 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 Previous results included : • Drill holes intersected: • 32m @ 0.29g/t gold & – Multiple intrusions 0.13% in CHERC012
Slide 28: 'Discover Thinking' exploration strategy
Appendix 8: ‘Discover Thinking’ exploration strategy GRL is undertaking a multi-discovery strategy across its pipeline of gold and gold/copper projects Objective is to maximise drill targets through prospect generation across entire tenement package – provides significant optionality Targets defined
Slide 29: Lachlan Fold Belt deposits
Appendix 9: Lachlan Fold Belt deposits • LFB is Australia’s premier bulk-tonnage gold Project Resource Type Resource Reference and copper metal province 6.20Mt at 2.0g/t Au, 80g/t Ag, 2.7% Zn, 1.6% Pb, & 0.2% • Godolphin’s resources using both gold only Lewis Ponds Inferred 1 Cu and gold-equivalent
Slide 30: Resource Inventory
Appendix 10: Resource Inventory SUMMARY OF MINERAL RESOURCES (JORC 2012) CONTAINED WITHIN GODOLPHIN TENEMENTS Tonnes Contained Contained Contained Contained Contained Project Au (g/t) Ag (g/t) Zn (%) Pb (%) Cu (%) (Mt) Au (koz) Ag (moz) Zn (kt) Pb (kt) Cu (kt) Mt Aubrey 1.21 1.61 - - - - 63 - - Yeov
Slide 31: Recent additional REE tenement acquisitions
Appendix 11: Recent additional REE tenement acquisitions Recently obtained exploration approvals for two projects, one in NSW and another in QLD deemed highly prospective for Rare Earth Elements EL9506 has been granted in northern NSW for a tenement covering areas of radiometric anomalies, with the
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