Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Investor Presentation (September 2022)
28 slides from Orbit Resources's investor presentation, Sep 20, 2022
Slide 1: New World Metals
New World Metals 20th September 2022 | ASX:GRL A strategic focus on critical minerals and green metals through ongoing exploration and development in central west NSW Rare Earths | Rare Metals | 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 1,500m diamond drill core program at Narraburra Rare critical minerals and green metals across an established Earth project for resource definition to upgrade resource tenement suite in central west NSW to 2012 JORC Farm-in agre
Slide 4: Corporate snapshot
Corporate snapshot Snapshot Board of Directors Shares on issue 118,37m Non-Executive Chairman Mr Jeremy Read Market capitalisation $10.41m (at $0.088 per share- 12th Sept 2022) Managing Director Ms Jeneta Owens Options on issue 23.0m Non-Executive Director Mr Ian Buchhorn 52 week high low-high $0.08
Slide 5: A strategic focus on critical minerals and green metals
A 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 intensive, re
Slide 6: Significant foothold in central west NSW
Significant foothold in central west NSW NSW’s Lachlan Fold Belt is a world-class mining precinct: • GRL has one of the largest exploration landholdings in the LFB with over 3,400km2 of highly prospective tenure • Historic mining precinct - multiple new discoveries highlight LFB is elephant country
Slide 7: 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 • Identified as one of Australia’s largest zirconium, REE and rare metal resources – also prospective for significant amounts of lithium • P
Slide 8: Narraburra Rare Earth (REE) Project
Narraburra Rare Earth (REE) 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 • Previously identified Lithium and Gallium mineralisation at the project • Narraburra is listed
Slide 9: Narraburra: Highly-prospective geology
Narraburra: Highly-prospective geology • EL 8420 and EL 9258 span 349km2. Mineralisation is hosted in a fractionated, peralkaline intrusive complex of Late Devonian age • Mineralisation extends from surface to ~50m at end of hole, with shallow overburden of clay, sand, silt, and marginal grade miner
Slide 10: Narraburra: Recent Diamond Drilling Program
Narraburra: Recent Diamond Drilling Program • 4 hole diamond drill (DD) program completed in August 2022 • pXRF measurements taken at the drill site, indicate REE & RM mineralisation present: using indicator minerals – awaiting assay results • Historical data has been reviewed to progress a systemat
Slide 11: Narraburra – near term exploration program
Narraburra – near term exploration program Assay results from Results from initial 1,500m diamond core mineralogical test Commencement of drilling received and work 1,500m diamond announced program for JORC 2012 resource update First assays from Results from initial diamond drill Complete JORC 2012
Slide 12: 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 • Recent diamond at Yeoval and
Slide 13: Yeoval – Cyclops Copper
Yeoval – Cyclops Copper • 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 lodes
Slide 14: Yeoval copper gold project – Yeoval South
Yeoval copper gold project – Yeoval South • GYDD002 copper intersection – 276m @ 0.12% Cu from 128m, including: 94m @ 0.18% Cu from 208m and 10m @ 0.56% Cu from 260m and 2m @ 1.8% Cu from 264m • GYDD002 was drilled ~350m to the south of existing Mineral Resource Estimate • The drill hole intersected
Slide 15: godolphinresources.com.au
godolphinresources.com.au Unit 13, 11-19 Williams Street Orange, NSW, 2800 Australia Jeneta Owens – Managing Director [email protected] +61 417 344 658 15
Slide 16: Appendix 1: Lewis Ponds – gold, copper, silver and zinc
Appendix 1: 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 bro
Slide 17: Increasing the Lewis Ponds opportunity
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 targets A do
Slide 18: Increasing the Lewis Ponds opportunity
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 confirm
Slide 19: Appendix 2: 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: Appendix 3: 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: Appendix 4: 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: Appendix 5: Gundagai North and South gold project
Appendix 5: Gundagai North and South gold project • Historical gold mining area with substantial historical workings • Extensive soils, rock chip and mapping program taking place on Gundagai Burra Rd. Mapping and North tenement along untested historic workings and favorable geology Soil sampling • 1
Slide 23: Appendix 6: 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 south) and Cadia- Ridgeway (50km north) • Two drilling phases completed in 2020 • Preliminary indications from work include: – Copper and gold in soils anomaly – Minimum of 7km st
Slide 24: Appendix 7: 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 25: Appendix 8: Unlocking value at Lewis Ponds
Appendix 8: 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: Appendix 9: 'Discover Thinking' exploration strategy
Appendix 9: ‘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 27: Appendix 10: Lachlan Fold Belt deposits
Appendix 10: 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 28: Appendix 11: Resource Inventory
Appendix 11: 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
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