Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Corporate Update (November 2021)
20 slides from Orbit Resources's corporate update, Nov 12, 2021
Slide 1: Company Update
Company Update 12 November 2021 The premier land package for Gold and Copper-Gold Deposits in Australia’s World Class Lachlan Fold Belt
Slide 2: Investment overview
Investment overview Located in the Lachlan Fold Belt (LFB), Australia’s Multiple near-term discovery catalysts with key assets to premier address for porphyry gold-copper and be drill tested over next 8 – 12 weeks epithermal gold projects A dominant footprint with 100% control of more than Well fund
Slide 3: Corporate snapshot
Corporate snapshot Snapshot Board of Directors Shares on issue 84.1m Non-Executive Chairman Mr Jeremy Read Market capitalisation $12.2m Managing Director Ms Jeneta Owens (at $0.145 per share) Options on issue 50.7m Non-Executive Director Mr Ian Buchhorn 52 week high – low $0.14 - $0.325 Non-Executiv
Slide 4: Significant foothold in the Lachlan Fold Belt
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 3,200km2 discoveries highlight LFB is elephant country in elephant Key projects: countr
Slide 5: LFB hosts multiple tier 1 mining projects
LFB hosts multiple tier 1 mining projects GRL’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: Newcrest (Cadia/Ridg
Slide 6: Significant progress in recent months
Significant progress in recent months Considerable progress has been achieved in during FY2021 • Strengthened Board & management team • Review of asset base and historical data completed • ‘Discovery Thinking’ exploration strategy defined and implemented • Aggressive exploration program scale up com
Slide 7: 'Discovery Thinking' exploration strategy implemented
‘Discover Thinking’ exploration strategy implemented Multi-discovery strategy Maximise drill targets Targets defined through study Test targets with rapid and across its pipeline of through prospect generation of historical workings, multi- cost-effective reverse gold/copper projects across entire t
Slide 8: Leading technical team to unlock value
Leading technical team to unlock value Extensive local knowledge and a proven track record of deposit type discoveries Jeneta Owens – Managing Director Melissa Morgan – Senior Exploration Geologist An experienced senior geologist with extensive experience in the A Cu-Au porphyry systems specialist,
Slide 9: High grade gold intersected at Quarry Lode, Lewis Ponds
High grade gold intersected at Quarry Lode, Lewis Ponds Assay received from RC drilling program – zones of gold, silver and base metal mineralisation intersected Drilling undertaken northwest of existing JORC 2012 resource of 6.2Mt @ 2.0g/t gold, 80g/t silver, 2.7% zinc, 1.6% lead & 0.2% copper* Sig
Slide 10: Exploration progress at Gundagai
Exploration progress at Gundagai 11 hole, 1,825m RC drill program commenced at project in late October Five of 11 holes for a total of 616m drilled to date Follows review of historical data and rock chip sampling – utilised to identify multiple walk up drill targets Historically worked Emu Gold Mine
Slide 11: Historical review of Yeoval data highlights opportunity
Historical review of Yeoval data highlights opportunity Comprehensive assessment of historical exploration data by technical team has provided basis for additional drilling at Yeoval and Cyclops prospects Yeoval project (EL8538) covers circa 290km2 with over 60 historical copper-gold mine workings a
Slide 12: Additional ELA's under application
Additional ELA’s under application Two additional Exploration Licence Applications submitted to Department of Regional NSW – strengthening company’s landholding in the LFB ELA6333 (top image): • Adjacent to highly prospective Lewis Ponds EL • One unit in size with strong gold in soul results and his
Slide 13: Aggressive exploration program is ongoing
Aggressive exploration program is ongoing November 2021 December 2021 January 2021 February 2022 YALLUNDARY GUNDAGAI CUMNOCK Soil Sampling program MT BULGA REGION Soil Sampling program Soil Sampling program Soil Sampling program Soil Sampling program Geological mapping Soil Sampling program Geologic
Slide 14: Investment summary
Investment summary Large tenement holding in Lachlan Strategy to define new targets and Fold Belt – a world class exploration drill them for discovery - maximising and mining province. in-ground expenditure Drill programmes planned at Lewis 519koz gold in resources with significant Ponds, Copper Hil
Slide 15: Disclaimer and competent persons statement
Disclaimer and competent persons statement COMPETENT PERSONS STATEMENT DISCLAIMER JORC INFORMATION CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION This Australian Securities Exchange (ASX) release contains forward-looking statements and forward-looking information within the meaning of This Pr
Slide 16: 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
Slide 17: Appendix 1: Lachlan Fold Belt deposits
Appendix 1: Lachlan Fold Belt deposits • LFB is Australia’s premier bulk- Project Resource Type Reference Resource tonnage gold and copper metal province Lewis Ponds Inferred 6.20Mt at 2.0g/t Au, 80g/t Ag, 2.7% Zn, 1.6% Pb, & 0.2% 1 Cu • Godolphin’s resources using Mount Aubrey Inferred 1.21Mt @ 1.6
Slide 18: Appendix 2: Resource Inventory
Appendix 2: 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 - - Yeova
Slide 19: Yeoval copper gold project
Yeoval copper gold project • Existing JORC 2012 Mineral Resource Estimate of *12.8 Mt at 0.38% copper, 0.14g/t gold, 2.2g/t silver & 120 ppm molybdenum • Yeoval Project (EL8538) covers ~290km2 , with over 60 historic copper-gold mine workings along 20km strike length • Recent assessment of data high
Slide 20: Redefining the Lewis Ponds opportunity
Redefining the Lewis Ponds opportunity • Targeted four hole RC drilling program completed in 2021 at Quarry Lode – all holes intercepted sulphides including chalcopyrite (copper mineral) • Quarry Lode is NW of MRE and has been intersected at depth in previous drilling, upper levels and northern exte
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