Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Gold Coast Investment Showcase (June 2022)
26 slides from Orbit Resources's conference presentation, Jun 22, 2022
Slide 1: Gold Coast Investment Showcase
Gold Coast Investment Showcase 22 June 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 4,000m aircore drill program at Narraburra Rare Earth critical minerals and green metals across an established project fully approved for resource definition to upgrade tenement suite in central west NSW resource to 2012 JORC Fa
Slide 4: Corporate snapshot
Corporate snapshot Board of Directors Snapshot Non-Executive Chairman Mr Jeremy Read Shares on issue 84.1m Market capitalisation Managing Director Ms Jeneta Owens $7.99m (at $0.095 per share) Non-Executive Director Mr Ian Buchhorn Options on issue 23.0m Non-Executive Director Mr Doug Menzies 52 week
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: 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 9: Narraburra Rare Earth Element Project
Narraburra Rare Earth Element Project • Narraburra is listed as a critical minerals project by the Australian Government’s Australia Trade and Investment Commission* • Significant historical exploration includes: airborne magnetic surveys, geological mapping, mineralogical studies, preliminary metal
Slide 10: Narraburra – near term exploration program
Narraburra – near term exploration program Assay results from Results from initial 4,000m air core drilling metallurgical test First assays from received and work Define multiple targets diamond drill program announced for 6-hole diamond drill received program Commencement of 4,000m air core program
Slide 11: 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 assessment of data hi
Slide 12: Yeoval copper gold exploration initiatives
Yeoval copper gold exploration initiatives • Multiple prospects hosting economic copper mineralisation identified • Drilling targets identified with exploration plan developed • Initial focus on Yeoval and Cyclops prospects, NW of the Yeoval township – both hosted within the north-trending Devonian
Slide 13: Lewis Ponds – gold, silver and zinc
Lewis Ponds – gold, 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 structural zone f
Slide 14: Increasing the Lewis Ponds opportunity
Increasing 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 the MRE, drilling has confirmed mineralisation including gold and has been intersected at
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
Slide 16: Appendix 1: Narraburra favourable farm-in and JV terms
Appendix 1: 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 17: Appendix 2: What are Rare Earths
Appendix 2: What are Rare Earths • The rare earths are 17 elements that share similar properties and are usually found together in geological deposits • Require advanced metallurgical processing to recover and separate • The most abundant are light rare earths, lanthanum, cerium and neodymium, prase
Slide 18: Appendix 3: Rare Earth Magnets
Appendix 3: 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 19: Appendix 4: Gundagai North and South gold project
Appendix 4: 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 20: Appendix 5: Copper Hill East copper and gold project
Appendix 5: 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 21: Appendix 6: CHE Turrawonga – copper gold porphyry potential
Appendix 6: 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 22: Appendix 7: Unlocking value at Lewis Ponds
Appendix 7: 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 23: Appendix 8: '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 24: Appendix 9: Leading technical team to unlock value
Appendix 9: 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
Slide 25: 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 26: 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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