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Godolphin Resources Limited - Strategic Update Unlocking Value at the Lewis Ponds GoldSilver-Base Metals Project
Godolphin Resources Limited - Strategic Update Unlocking Value at the Lewis Ponds GoldSilver-Base Metals
About this update from Godolphin Resources Limited
[{"type":"text","content":"Godolphin Resources Limited (ASX: GRL) ('Godolphin' or the 'Company') is pleased to provide a detailed strategic plan for the second half of CY2025 for the Lewis Ponds Project, with the objective of unlocking significant value from the gold, silver and base metals Project.\nSeveral initiatives are currently in progress at Lewis Ponds, which is 100% owned by Godolphin Resources and spans 148 km-2 in a historically rich mining district, located 15 km east of Orange, NSW (EL5583). The area has a long history of gold and base metal production and Lewis Ponds is considered a high-priority asset due to its geological potential and proximity to major deposits. The Company's exploration plan is budgeted, fully funded from existing cash reserves and focuses on progressing Lewis Ponds to deliver a comprehensive Project financial model and Scoping Study.\nManagement commentary: Managing Director Ms. Jeneta Owens stated: 'Godolphin is currently well-progressed with several work packages at Lewis Ponds. The core samples from the diamond drilling conducted earlier this year are now at Core Resources in Brisbane, marking the initiation of our metallurgical test work program. 'We have also finalized the update of the geological model and associated wireframes. This data has been delivered to our resource consultants, who have commenced updating our Mineral Resource Estimate (MRE) for Lewis Ponds\n'Additionally, we have engaged Optimal Mining, who will utilise this new data together with the assays from our recent resource definition drill program to develop a scoping-level mining study for Lewis Ponds, which we anticipate will demonstrate outstanding Project economics. 'While the Scoping Study will assess the potential for a stand-alone development at Lewis Ponds, Godolphin is actively exploring regional toll treatment options. These discussions are aimed at identifying alternative pathways to reduce capital and lower operational costs, which may bring the Project into commercial production more quickly, subject to positive study outcomes and necessary approvals. 'Over the coming months, our technical team will collaborate closely with our consultants to deliver on the next round of milestones at Lewis Ponds. We look forward to sharing the results of these important work programs as they are completed.'\nThe extensive dataset compiled by Godolp...