Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Shareholder Meeting (October 2023)
31 slides from Orbit Resources's shareholder meeting presentation, Oct 30, 2023
Slide 1: Annual General Meeting
Annual General Meeting October 30, 2023 | ASX:GRL A strategic focus on critical minerals and green metals through ongoing exploration and development in central west NSW Rare Earth Elements | Copper-Gold-Base 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 Maiden JORC 2012 MRE* at Narraburra Rare Earth critical minerals and green metals across an established project to 94.9Mt @ 739 ppm including high grade core tenement suite in central west NSW of 20Mt @ 1,079 TREO using a 600 pp
Slide 4: 'Discover Thinking' exploration strategy
‘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 through stu
Slide 5: Significant foothold in the Lachlan Fold Belt
Significant foothold in the Lachlan Fold Belt • GRL has one of the largest exploration landholdings in the LFB with over 3,400km2 of highly prospective tenure • Historic mining precinct and new discoveries highlight the LFB’s potential as Australia’s only world-class porphyry terrane • Four JORC 201
Slide 6: Strong progress in recent months
Strong progress in recent months Multiple value catalysts delivered to date: • Completion of 31-hole drill programs at Narraburra and delivery of JORC 2012 resource • Initial metallurgical testing delivered highlighting Narraburra deposit potential • Ongoing works across gold and copper tenements •
Slide 7: A defined focus on in-demand Rare Earth Elements
A defined focus on in-demand Rare Earth Elements • Leach testing from Narraburra drilling highlights Rare Earth Multiple potential applications in high demand sectors: Elements with initial results showing exceptional recoveries1 • 92% recovery of key magnet REEs including Pr, Nd, Tb and Dy with ind
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 • Project sits in a well known mining region with access to extensive infrastructure - roads, rail, power • Significant discovery potential
Slide 9: Narraburra: Maiden JORC 2012
Narraburra: Maiden JORC 2012 Maiden JORC 2012 Resource* delivered consisting of: 94.9Mt @ 739ppm TREO High grade core of 20Mt @ 1,079ppm TREO using a 600ppm cutoff within the Indicated Resource Significant improvements include: • 126% uplift to TREO grade • Indicated Resource now at 50% - previously
Slide 10: Building a Rare Earth Portfolio
Building a Rare Earth Portfolio Bingara, New South Wales - EL9506 • Located in the New England region of northern NSW, • Key indicators included the potential for similar Jurassic peralkaline rock units, host to the Toongi deposit • High radiometric responses associated with peralkaline rocks. Eidsv
Slide 11: EL9601 Cambrai
EL9601 Cambrai • Application made for a 112 km2 exploration licence adjacent to Narraburra – Fully Granted • EL9601 adjoins Narraburra to the west and has the potential to host the NW extentions of mineralisation • New ground to provide surplus land for potential infrastructure through Narraburra RE
Slide 12: Copper, Gold and Base Metals Projects
Copper, Gold and Base Metals Projects: Yeoval & Goodrich - 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 molybdenum1 • Typical porphyry Cu-Au style mineralisation at Yeoval Lewis Ponds - Contains a JORC (2012) compliant Inferred Mine
Slide 13: 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 2022 diamond drilling at Yeoval an
Slide 14: Goodrich Prospect
Goodrich Prospect Diamond drilling at the Goodrich Prospect has intersected two styles of mineralisation - broad zones of disseminated Cu-Au mineralisation and narrow high-grade vein-hosted Cu +/- Au-Ag-Mo Best intersections in GDD001 include: • 91m @ 0.18% Cu and 0.15g/t Au from 152m, including: •
Slide 15: Cyclops & Yeoval East Prospect RC drilling - commenced
Cyclops & Yeoval East Prospect RC drilling - commenced Cyclops Drilling: • 2000m Reverse circulation (RC) drilling • Targeting mineralisation associated with historical workings, mapped QMC (quartz magnetite & chalcopyrite) veins or pods Yeoval East: • 400m RC drilling • targeting geochemical soil a
Slide 16: Defined exploration timeline
Defined exploration timeline REE Projects: Phase two Hylogger & Initial Phase two Metallurgical Commencement of Diamond Drilling at Metallurgical program Mineralogy results program Results received mining studies at Narraburra commenced received and announced and announced Narraburra Eidsvold field
Slide 17: Investment Summary: Exceptional optionality and potential
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: godolphinresources.com.au
godolphinresources.com.au Unit 13, 11-19 William Street Orange, NSW, 2800 Australia Jeneta Owens – Managing Director [email protected] +61 417 344 658 18
Slide 19: Appendix 1: Corporate snapshot
Appendix 1: Corporate snapshot Snapshot Board of Directors Shares on issue 169.24m Non-Executive Chairman Mr Jeremy Read Market capitalisation $6.09m (at $0.036 per share - 24 October 2023) Managing Director Ms Jeneta Owens Options on issue 31.44m Non-Executive Director Dr Christopher Hartley 52 wee
Slide 20: Appendix 2: Strategic focus on critical minerals and green metals
Appendix 2: 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 21: Appendix 3: Narraburra favourable farm-in and JV terms
Appendix 3: 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 22: Appendix 4: What are Rare Earths
Appendix 4: 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 23: 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 24: Appendix 5: Lewis Ponds – gold, copper, silver and zinc
Appendix 5: 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 str
Slide 25: Appendix 5: Increasing the Lewis Ponds opportunity
Appendix 5: 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 confir
Slide 26: Appendix 5: Increasing the Lewis Ponds opportunity
Appendix 5: 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 targ
Slide 27: Appendix 5: Unlocking value at Lewis Ponds
Appendix 5: 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 28: Appendix 6: Copper Hill East (CHE) copper and gold project
Appendix 6: 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 st
Slide 29: 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 30: Appendix 7: Lachlan Fold Belt deposits
Appendix 7: 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 31: Appendix 8: Resource Inventory
Appendix 8: 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
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