Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Gold Coast Investment Showcase 2024
26 slides from Orbit Resources's conference presentation, Jun 19, 2024
Slide 1: Gold Coast Investment Showcase
Gold Coast Investment Showcase 1 9 - 2 0 J u n e 2 0 2 4 | A S X : G R L F OC U S ED ON B ECO MI N G AN I NT EG R A L PR O D UC ER I N A U S T R AL I A’S C R I TI C A L M I NER AL S A ND F U TU R E M ETA LS S U PPLY C H AI N RA R E E A R T H E LE ME NT S | C O P P ER -G O LD -BA S E M ET A L S
Slide 2: Disclaimer and Competent Persons Statement
DISCLAIMER AND COMPETENT PERSONS STATEMENT COMPETENT PERSONS STATEMENT JORC INFORMATION The Presentation has been prepared with reference to public reports made by Ardea Resources Limited (Ardea) (ASX:ARL) and Godolphin Resources Limited (Godolphin or Company) (ASX:GRL). Notably, the Presentation in
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT Major shareholders % held Shares on Issue Options on Issue American Rare Earths Limited 12.15% 213.5m 83.9m Brian O’Shannassy & Associates 5.06% Market Capitalisation Shares Price Ian Buchhorn & Associates 4.99% 4.1m $0.019 Saba Nominees Pty Ltd 3.12% Cash (as at 31ˢᵗ March 2024)
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Focused on the development of projects Focused on development of Narraburra following containing critical minerals and future metals recent appointment of Ausenco to lead scoping across an established tenement suite in NSW study with ongoing exploration initiatives planned Maid
Slide 5: NdPr Prices Strengthening from 12-Month Lows
NDPR PRICES STRENGTHENING FROM 12-MONTH LOWS • The NdPr price has witnessed a downturn over the last 12 months – however, recent data highlights a ~10% increase in pricing in the last month • Demand continues to increase and further price rises are anticipated for H2 CY2024 • NdPr oxide is likely to
Slide 6: Rare Earths Production
RARE EARTHS PRODUCTION A GLOBAL SHIFT TO AUSTRALIA FORECAST RARE EARTHS OXIDE PRODUCTION OUTSIDE CHINA¹ • Australia continues to build capacity in rare earths mining and refining - in line with other advanced economies which are continuing to prioritise the diversification of supply chains • This sh
Slide 7: Demand for Magnet REE
DEMAND FOR MAGNET REE 74% of the current REE Market Value is from the MREE (Pr, Nd, Tb, Dy). Forecast to grow to 90% by 2033 • Numerous applications such as glass, catalysts, batteries and magnets • Forecast growth of (MREEs) which are used in electric vehicles/ wind turbines/ mobile phones etc • As
Slide 8: Significant Foothold in NSW
SIGNIFICANT FOOTHOLD IN NSW A STABLE JURISDICTION Project suite: • Narraburra (100%) – Rare earth elements (REE) • Cambrai (100%) – REE, tin and copper • Trungley (100%) – REE • Yeoval (100%) – Copper and gold • Copper Hill East (100%) – Copper and gold • Gundagai North & South (100%) – Gold GRL MAI
Slide 9: Narraburra
NARRABURRA FLAGSHIP ASSET WITH SCALE POTENTIAL Identified by the Australian Government Department of Industry, Science and Resources in 2022 Critical Minerals Strategy as a major REE deposit – also listed as a critical minerals project by the Government’s Trade and Investment Commission. Maiden JORC
Slide 10: Rare Earth Distribution
RARE EARTH DISTRIBUTION TOTAL RARE EARTH OXIDES (TREO) VERSUS TOTAL PERMANENT MAGNET MINERAL OXIDES (MREO) DISTRIBUTION 2 MREO 24% 1 TREO = 550.45ppm 76% 1 Total Rare Earth Oxides (TREO) = Total REOs (La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Er2O3 + Tm2
Slide 11: Narraburra: Low Cost Development Potential
NARRABURRA LOW COST DEVELOPMENT POTENTIAL Outstanding metallurgy results point to Narraburra’s low-cost development & processing potential Testing completed with Australian Nuclear Science and Technology Organisation (ANSTO) Phase 1: 2023 delivered 92% recovery of key magnet REEs (Pr, Nd, Tb, Dy) wi
Slide 12: Narraburra: Clay Hosted Rare Earth Mineralisation
NARRABURRA CLAY HOSTED RARE EARTH MINERALISATION Hylogger³ Spectroscopic logging of all diamond drill core was undertaken by the Geological Survey of NSW at its WB Clarke Geoscience Centre at Londonderry • Known association of REE mineralisation with Kaolin (Clay) worldwide • REE distribution is hig
Slide 13: Additional Upside Through 100%-Owned REE Projects
ADDITIONAL UPSIDE THROUGH 100%-OWNED REE PROJECTS GRL HAS BUILT A SIGNIFICANTLY LARGE LANDHOLDING OF REE PROJECTS IN THE LFB Trungley, New South Wales – EL9628 • Surrounds Narraburra to the north, east and south • Contains Boginderra granite, an A-type granite of the Narraburra suite containing REE
Slide 14: Narraburra: Multiple New Rare Earth Exploration Targets
NARRABURRA MULTIPLE NEW RARE EARTH EXPLORATION TARGETS IDENTIFIED AT NARRABURRA WITH POTENTIAL TO SIGNIFICANTLY UP SCALE THE PROJECT • Exploration targets with potential to expand the existing JORC 2012 Mineral Resource Estimate, have been identified at Godolphin’s 100% owned Narraburra Rare Earth E
Slide 15: 2024 Exploration Timeline – A Distinct Focus on REE
2024 EXPLORATION TIMELINE – A DISTINCT FOCUS ON REE NARRABURRA NARRABURRA UPDATE TO MINERALOGICAL NURRABURRA MINERALOGY MRE COMMENCEMENT AND DRILLING – AND metallurgy COMMENCES OF NARRABURRA NURRABURRA METALLURGICAL EXPAND results MINING MINING STUDY TEST WORK RESOURCE SIZE SCOPING STUDY RESULTS CAM
Slide 16: New Gold-Copper Soil Anomaly Defined at Spring Creek Prospect
New Gold-Copper Soil Anomaly Defined At Spring Creek Prospect • A new gold - copper – arsenic in soil anomaly has been defined along a splay of the Narangal Thrust fault, on the Copper Hill East Project • Anomaly was defined from assay results obtained from a soil orientation line, conducted to dete
Slide 17: Investment Summary
INVESTMENT SUMMARY EXCEPTIONAL OPTIONALITY AND POTENTIAL • Maiden JORC 2012 MRE* at Narraburra Rare Earth project to 94.9Mt @ 739 ppm ⚬ including high grade core of 20Mt @ 1,079 TREO using a 600 ppm cut off • 126% uplift to TREO grade • 50% Indicated Resource • 30% increase to tonnage from previous
Slide 18: Appendix
| -S Godolphin APPENDIX
Slide 19: Copper, Gold and Base Metals Projects
APPENDIX 1 COPPER, GOLD AND BASE METALS PROJECTS Lewis Ponds: • JORC 2012 Minera Resource Estimate of 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 • Y
Slide 20: Increasing the Lewis Ponds Opportunity
APPENDIX 2 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 21: Increasing the Lewis Ponds Opportunity
APPENDIX 2 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 targe
Slide 22: Unlocking Value at Lewis Ponds
APPENDIX 2: UNLOCKING VALUE AT LEWIS PONDS Grade Contained metal Tonnage Class (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: Yeoval Copper Gold Project
APPENDIX 3 YEOVAL COPPER GOLD PROJECT Yeoval Project (EL8538) covers ~290km2 , with over 60 historic copper- gold mine workings along 20km strike length Typical porphyry Cu-Au style mineralisation at Yeoval with disseminated and vein-hosted chalcopyrite, molybdenite and bornite Recent diamond drilli
Slide 24: Copper Hill East Copper and Gold Project
APPENDIX 4 COPPER HILL EAST (CHE) COPPER AND GOLD PROJECT • Project located in the same volcanic sequence as Boda (50km north) and Cadia- Ridgeway (50km south) • Two drilling phases completed in 2020 • Preliminary indications from work include: ⚬ Copper and gold in soils anomaly ⚬ Minimum of 7km str
Slide 25: CHE Turrawonga – Copper Gold Porphyry Potential
APPENDIX 4 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 • Drill holes intersected: ⚬ Multiple intrusions ⚬ Zones of strong magnetite and pyrite ⚬ Chlorite-epidote-albite alter
Slide 26: Contact
CONTACT G O D O L PHI NRE SO U R C ES.CO M.AU Jeneta Owens – Managing Director [email protected] Unit 13, 11-19 William Street Orange, NSW, 2800 Australia +61 417 344 658
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