Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Shareholder Meeting (November 2020)
21 slides from Orbit Resources's shareholder meeting presentation, November 2020
Slide 1: Annual General Meeting Corporate Presentation
ANNUAL GENERAL MEETING Corporate Presentation November 2020
Slide 2: Corporate Snapshot (ASX:GRL)
CORPORATE SNAPSHOT (ASX:GRL) CAPITAL STRUCTURE TRADE DATA SHARE PRICE SINCE LISTING 69,159,597 $0.30 Shares on issue (11 Nov 20) Share Price $20.75 Million $0.41 / 0.10 Market Capitalisation 12 Month High / Low BALANCE SHEET MAJOR SHAREHOLDERS Ian Buchhorn & Associates 9.8% $4.4 Million Brian O Shan
Slide 3: Board and Management
BOARD AND MANAGEMENT HIGHLY EXPERIENCED AND SUCCESSFUL TEAM WITH LOCAL KNOWLEDGE Jeremy Read – Non‐Executive Chairman David Greenwood – Chief Executive Officer Jeremy Read is a seasoned minerals resource industry executive, having worked on a Geologist with over 30 years’ experience in the resources
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Godolphin is located in in the Lachlan Fold Belt Multiple near‐term discovery catalysts as key (LFB), Australia’s premier address for porphyry assets are drill tested over next 3 months gold‐copper and epithermal gold projects Godolphin has the dominant footprint with Strong ba
Slide 5: A Dominant Footprint in the Lachlan Fold Belt
A DOMINANT FOOTPRINT IN THE LACHLAN FOLD BELT • Lachlan Fold Belt (LFB) in NSW is a world class gold precinct • Godolphin 100% controls >3,000km2 of highly prospective LFB tenure • Sandwiched between Cadia’s Ridgeway copper‐gold mine ‐ one of Australia’s largest and lowest cost gold mines ‐ to the s
Slide 6: Surrounded by World Class Mines & Infrastructure
SURROUNDED BY WORLD CLASS MINES & INFRASTRUCTURE • Multiple million‐ounce neighbours¹ Newcrest (Cadia/Ridgeway – 3.2Bt @ 0.26% Cu and 0.37g/t Au) Evolution (Lake Cowal 265Mt @ 1.06g/t Au) Alkane (Boda discovery) Regis (McPhillamys 69.8Mt @ 1.02 g/t Au) North Parkes (482Mt @ 0.56% Cu and 0.
Slide 7: Drilling Timeline for Advanced Projects
DRILLING TIMELINE FOR ADVANCED PROJECTS NOVEMBER 2020 DECEMBER 2020 JANUARY 2021 FEBRUARY 2021 LEWIS PONDS Resource calculation of high grade shoots and external verification Economic modelling of resource Commence drill programme Q1 2021 MOUNT AUBREY Receive assay results from Phase 2 drill program
Slide 8: Lewis Ponds (Gold-Silver-Zinc)
LEWIS PONDS (GOLD‐SILVER‐ZINC) • JORC 2012 Resource*: 20.24 Mt at 0.5g/t gold, 33g/t silver, 1.5% zinc, 0.7% lead and 0.1% copper • Resource part of a larger mineral system extending over 9 km to the SE with extensive gold, copper and base metal workings • Historical focus on base metals – little ex
Slide 9: Redefining the Lewis Ponds Opportunity
REDEFINING THE LEWIS PONDS OPPORTUNITY • Lewis Ponds actually a gold/silver resource with base metal credits • Recent soil survey identified significant precious and base metal anomalies with exploration targets away from known resource e.g. Limestone Quarry • Currently carrying out a comprehensive
Slide 10: Redefining the Lewis Ponds Opportunity
REDEFINING THE LEWIS PONDS OPPORTUNITY • Remodelling the mineral resource at Lewis Ponds by focussing on higher grade gold and silver areas • Once completed resource will be verified and signed off by an independent consultant • Godolphin to design an exploration programme to include resource defini
Slide 11: Mount Aubrey (Gold)
MOUNT AUBREY (GOLD) • Located 40km NE of Parkes Long section looking north 030° for all drillhole intercepts >3g/t Au • Historical pits mined in 1990/1991 by BHP to a depth of just 40m; extracted approx. 12k oz • JORC 2012 Resource*: 1.21 Mt at 1.61 g/t gold • Epithermal gold system with potential f
Slide 12: Drilling at Mount Aubrey
DRILLING AT MOUNT AUBREY • Phase 1 RC programme completed in Q1 2020, all 14 drill holes intersected epithermal style alteration, most holes hit gold. Drill intersections included: • MAGRC0008: 22m @ 2.15g/t from 22m • MAGRC0011: 28m @ 0.92g/t from 62m • Phase 2 RC commenced in August with first dri
Slide 13: Copper Hill East (Gold-Copper)
COPPER HILL EAST (GOLD‐COPPER) • Copper Hill East (CHE) is located along the same CURRENT 2020 DRILL PROGRAMME structure as Boda (50km south) and WELL PROGRESSED Cadia‐Ridgeway (50km north) • Strong preliminary indications: • Copper and gold in soils anomaly with 7km strike length. • Strong magnetic
Slide 14: Copper Hill East (Gold-Copper)
COPPER HILL EAST (GOLD‐COPPER) • Copper and gold in soils anomaly with 7km strike length • Strong magnetic anomaly with coincident Au/Cu anomaly • Native copper in surface rocks with strong copper in soil anomaly 14
Slide 15: Copper Hill East (Gold-Copper)
COPPER HILL EAST (GOLD‐COPPER) • Drill hole CHER012 intersected 32m @ 0.29g/t gold and 0.13% copper from 210 metres including 12m @ 0.45g/t gold and 0.22% copper from 230m • First two drill holes at the Turrawonga prospect suggest we are on the margins of a gold‐copper porphyry system • Follow up dr
Slide 16: Gundagai North and South (Gold)
GUNDAGAI NORTH AND SOUTH (GOLD) Gundagai is a historical gold Number of walk up drill targets to mining area be tested at Gundagai North & South Old workings, some substantial RC Drilling to commence in Q1 High gold in soils and rock chip 2021 (14 holes for 1885m) sampling results (2019 an
Slide 17: Investment Summary
INVESTMENT SUMMARY Large tenement holding in Lachlan Strategy to drill first order targets Fold Belt – a world class exploration for discovery ‐ maximise in‐ground and mining province. expenditure. Near term drill programmes at Mt 431koz gold in resources. Aubrey, Copper Hill East, Lewis Ponds, Gund
Slide 18: 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 19: Contact
godolphinresources.com.au Suite 2/45 Ord Street West Perth WA 6005 Australia David Greenwood – CEO [email protected] +61 438 948 643 Sampling historic mine workings at Lewis Ponds, identifying previously unrecognised epithermal gold‐silver overprint 19
Slide 20: Appendix A Deposits in the Lachlan Fold Belt
APPENDIX A DEPOSITS IN THE LACHLAN FOLD BELT Project Resource Type Resource Reference LFB is Australia’s premier bulk‐tonnage gold and 20.24Mt at 0.5g/t Au, 33.3g/t Ag, 1.5% Zn, 0.7% Pb, Lewis Ponds Indicated and Inferred & 0.1% Cu 1 copper metal province. Mount Aubrey Inferred 1.21Mt @ 1.61 g/t A
Slide 21: Appendix B Resources Inventory
APPENDIX B RESOURCES INVENTORY SUMMARY OF MINERAL RESOURCES (JORC 2012) CONTAINED WITHIN GODOLPHIN TENEMENTS Tonnes Au Contained Au Contained Project Ag (g/t) Zn (%) Pb (%) Cu (%) AuEq* (g/t) (Mt) (g/t) (Moz) AuEq* (Moz) Mt Aubrey1 1.21 1.61 ‐ ‐ ‐ ‐ 1.61 0.06 0.06 Yeoval2 12.80 0.14 2.20 ‐ ‐ 0.38 0.
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