Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — IMARC 2024
21 slides from Orbit Resources's conference presentation, Oct 30, 2024
Slide 1: Godolphin Resources Limited
Go d o lp h in Re s o u r c e s Lim it e d Go ld , c o p p e r , b a s e m e t a ls a n d r a r e e a r t h s in Au s t r a lia ’s b e s t m in in g ju r is d ic t io n 3 0 O c t o b e r 2 0 2 4 | A S X : G R L F O C U SED O N BECO M IN G AN IN T EG R AL PR O D U C ER IN AU ST R ALIA’S C R IT IC AL
Slide 2: Disclaimer and Competent Persons Statement
D IS C LA IM E R A N D C O M P E TE N T P E R S O N S S TA TE M E N T CO M P ETEN T P ERSO N S STATEM EN 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) (AS
Slide 3: Corporate Snapshot
C O R P O R A TE S N A P S H O T Ma jo r s h a r e h o ld e r s % h e ld Am e r ica n Ra r e Ea r t h s Lim it e d (ASX:ARR) 8.58% Sh a r e s o n Is s u e Op t io n s o n Is s u e Br ia n O’Sh a n n a s s y & As s o cia t e s 3.42% 316.2m 89.3m Ia n Bu ch h o r n & As s o cia t e s 3.37% Ma r k e t
Slide 4: Investment Highlights
IN VE S TM E N T H IGH LIGH TS Focused on t h e e xp lo r a t io n a n d d e ve lo p m e n t o f Ma id e n JORC 2012 MRE* a t Na r r a b u r r a Ra r e Ea r t h go ld , co p p e r , b a s e m e t a ls a n d cr it ica l m in e r a ls p r o je ct t o 94.9Mt @ 739 p p m including h igh gr a d e p r o j
Slide 5: Significant Foothold in NSW
SIGNIFICANT FO O THO LD IN NSW A S TAB LE JU RI S D I CTI 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
LE W IS P O N D S GO LD , C O P P E R & B A S E M E TA LS P R O J E C T • 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.
Slide 7: Lewis Ponds Exploration Potential
LE D ISWCIS LAPIM OENRD S ANED XPCLO OMR PAE TIO TE N N TP P OETE R SNO TIA N SL S TA TE M E N T • Sp ice r s & To m s Lo d e s o p e n t o t h e n o r t h , s o u t h a n d a t d e p t h – no drilling undertaken to date • Large gaps within the resource – infill drilling can provide upside • Unteste
Slide 8: Lewis Ponds Exploration Potential
LE W IS P O N D S E XP LO R A TIO N P O TE N TIA L IN CREASIN G TH E LEW IS P O N D S O P P O RTUN ITY Results from an orientated s o il s u r ve y n o r t h of known mineralisation at Lewis Ponds identified areas of e le va t e d go ld in s o ils , co -in cid e n t w it h VTEM a n o m a lie s with
Slide 9: Narraburra
NARRAB URRA RARE EARTH O P TIO N ALITY W ITH SCALE P O TEN TIAL 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 Commis
Slide 10: Narraburra Rare Earth Distribution
N A R R A B U R R A R A R E E A R TH D IS TR IB U TIO N TO TAL R AR E EAR TH O XI D ES ( TR EO ) VER S U S TO TAL P ER M AN EN T M AG N ET M I N ER AL O XI D ES (M REO ) D ISTRIBU TIO N 2 MREO 24% 1 TREO = 550.45p p m 76% 1 To t a l Ra r e Ea r t h Oxid e s (TREO) = To t a l REOs (La 2O3 + Ce O2 + P
Slide 11: Narraburra Low Cost Development Potential
NARRAB URRA LO W CO S T D EVELO P M EN T P O TEN TI AL 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) wi
Slide 12: MREC (Mixed Rare Earth Carbonate)
MREC (Mix e d Ra r e Ea r t h Ca r b o n a t e ) 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 consu
Slide 13: MREC Composition
M R E C C O M P O S ITIO N Ge n e r a l Me e t in g Ju n e 2024 04
Slide 14: Investment Summary
IN VE S TM E N T S U M M A R Y EXCEP TIO N AL O P TIO N ALITY & M U LTICO M M O D ITY EXP O SU RE • 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 I
Slide 15: 6 Month Exploration Timeline
6 M O N TH E XP LO R A TIO N TIM E LIN E – O c t o b e r 2 4 –M a r c h 2 5 LEW IS P O N D S LEW IS P O N D S ON GOIN G CO M M EN CEM EN T LEW IS P O N D S M ETALLU RGICAL LEW IS P O N D S M ETALU RGICAL D RILLIN G O F LEW IS P O N D S STUDY M RE U P DATE STUDY U P D ATES ASSAY RESU LTS DIAM O N D C
Slide 16: Contact
C O N TA C T GODOLPHINRESOURCES.COM.AU Je n e t a Ow e n s – Ma n a gin g Dir e ct o r [email protected] 10/259 Clergate Rd Orange, NSW, 2800 Australia +61 417 344 658
Slide 17: Copper, Gold and Base Metals Projects Overview
A P P E N D IX 1 CO P P ER, GO LD AN D BASE M ETALS P R O JECTS O VER VI EW Le w is Po n d s : • JORC 2012 Inferred Mineral Resource Estimate of 6.20 Mt a t 2.0g/ t go ld , 80g/ t s ilve r , 2.7% zin c, 1.6% le a d a n d 0.2% co p p e r • Resource is part of a la r ge r m in e r a l s ys t e m exten
Slide 18: Unlocking Value at Lewis Ponds
A P P E N D IX 2 : U N LO C KIN G VA LU E A T LE W IS P O N D S Gr a d e Co n t a in e d m e t a l To n n a ge Cla s s (Mt ) Au (g/ t ) Ag (g/ t ) Zn ((%) Pb (%) Cu (%) Au Eq (g/ t ) Au (k o z) Ag (m o z) Zn (k t ) Pb (k t ) Cu (k t ) Inferred 6.2 2.0 80 2.7 1.6 0.2 6.0 398 15.9 170 99 11 To t a l 6
Slide 19: Yeoval Copper Gold Project
A P P E N D IX 3 YE O VA L C O P P E R G O L D P R O JE C T 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
Slide 20: Copper Hill East Copper and Gold Project
A P P E N D IX 4 CO P P ER H ILL EAST (CH E) CO P P ER AN D G O LD P RO JECT • 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 ⚬
Slide 21: CHE Turrawonga Copper Gold Porphyry Potential
A P P E N D IX 4 CH E TU RRAW O N GA – CO P P ER GO LD P O R P H YR Y P O T E N T I A L • 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 ⚬