Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — ShareCafe Webinar (February 2023)
28 slides from Orbit Resources's conference presentation, Feb 3, 2023
Slide 1: ShareCafe Webinar
SHARECAFE WEBINAR 3 February 2023 | 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 27-hole diamond drill core program completed at critical minerals and green metals across an established Narraburra Rare Earth project for resource definition to tenement suite in central west NSW upgrade resource to 2012 JORC F
Slide 4: Corporate snapshot
Corporate snapshot Snapshot Board of Directors Shares on issue 118,37m Non-Executive Chairman Mr Jeremy Read Market capitalisation $11.84m Managing Director Ms Jeneta Owens (at $0.10 per share - 27 Jan 2023) Options on issue 2.25m Non-Executive Director Mr Ian Buchhorn 52 week high low-high $0.07 -
Slide 5: 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 6: New REE tenement acquisitions
New REE tenement acquisitions Recently obtained exploration approvals for two projects, one in NSW and another in QLD deemed highly prospective for Rare Earth Elements EL9506 has been granted in northern NSW for a tenement covering areas of radiometric anomalies, with the potential to host Toongi-st
Slide 7: Significant progress in recent months
Significant progress in recent months Considerable progress has been achieved in during 2022: • Farm-in agreement secured for highly prospective rare-earth project with additional gold tenement secured • Multiple work programs completed across project suite underpinning ‘multi- discovery strategy’ •
Slide 8: 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 9: Narraburra Rare Earth Project
Narraburra Rare Earth 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 as a critica
Slide 10: Narraburra: Diamond drilling Program
Narraburra: Diamond drilling Program 4 hole diamond drill (DD) program completed in August 2022 27 hole diamond drill (DD) program completed in October 2022, 1111.5m in total - All assays now received and reported Broad intersections of REE and RM mineralisation intersected in twenty eight diamond d
Slide 11: Narraburra: Diamond Drilling Program
Narraburra: Diamond Drilling Program Significant REE intercepts >1000ppm Total Rare Earth Oxides (“TREO”) TREO from the Phase 2 diamond drilling include: o GNBDD011 – 11m @ 1,686ppm TREO from 11m & 27.4m @ 1,426ppm TREO from 26m, inc. 3m @ 3,481ppm TREO from 31m o GNBDD012 – 21m @ 1,163ppm TREO fr
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 Cyclo
Slide 13: Yeoval – Cyclops copper prospect
Yeoval – Cyclops copper prospect 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
Slide 14: Lewis Ponds – gold, copper, silver and zinc
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 broad structural zone
Slide 15: 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 confirms significa
Slide 16: 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 downho
Slide 17: Q1 2023 value catalysts
Q1 2023 value catalysts Caledonian geochemistry Planning for follow up program to commence drilling at Yeoval prospect Cyclops mapping program commences Yeoval and Goodrich Commencement of Calula ground magnetic survey geochemistry program Ground magnetic survey results commences at Yeoval and Goodr
Slide 18: 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 18
Slide 19: Appendix 1: Strategic focus on critical minerals and green metals
Appendix 1: 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 int
Slide 20: 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 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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 27: Appendix 9: Lachlan Fold Belt deposits
Appendix 9: 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 10: Resource Inventory
Appendix 10: 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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