Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Virtual Gold Conference (February 2021)
22 slides from Orbit Resources's conference presentation, February 2021
Slide 1: Virtual Gold Conference Corporate Presentation
VIRTUAL GOLD CONFERENCE Corporate Presentation February 2021
Slide 2: Corporate Snapshot (ASX:GRL)
CORPORATE SNAPSHOT (ASX:GRL) CAPITAL STRUCTURE TRADE DATA 12‐MONTH SHARE PRICE 84,086,201 $0.24 Shares on issue (28 Jan 2021) Share Price $19.8 Million $0.41 / 0.10 Market Capitalisation 12 Month High / Low BALANCE SHEET MAJOR SHAREHOLDERS Ian Buchhorn & Associates 8.0% $6.9 Million Brian O Shannass
Slide 3: Board and Management
BOARD AND MANAGEMENT HIGHLY EXPERIENCED AND SUCCESSFUL TEAM WITH LOCAL KNOWLEDGE Jeremy Read – Non‐Executive Chairman David Greenwood – Chief Executive Officer Jeremy Read is a seasoned minerals resource industry executive, having worked on a Geologist with over 30 years’ experience in the resources
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Godolphin is located in in the Lachlan Fold Belt Multiple near‐term discovery catalysts as key (LFB), Australia’s premier address for porphyry assets are drill tested over next 3 months gold‐copper and epithermal gold projects Godolphin has the dominant footprint with Strong ba
Slide 5: A Dominant Footprint in the Lachlan Fold Belt
A DOMINANT FOOTPRINT IN THE LACHLAN FOLD BELT • Lachlan Fold Belt (LFB) in NSW is a world class gold precinct • Godolphin 100% controls >3,000km2 of highly prospective LFB tenure • Sandwiched between Cadia’s Ridgeway copper‐gold mine ‐ one of Australia’s largest and lowest cost gold mines ‐ to the s
Slide 6: Surrounded by World Class Mines & Infrastructure
SURROUNDED BY WORLD CLASS MINES & INFRASTRUCTURE • Multiple million‐ounce neighbours¹ Newcrest (Cadia/Ridgeway – 3.2Bt @ 0.26% Cu and 0.37g/t Au) Evolution (Lake Cowal 265Mt @ 1.06g/t Au) Alkane (Boda discovery) Regis (McPhillamys 69.8Mt @ 1.02 g/t Au) North Parkes (482Mt @ 0.56% Cu and 0.
Slide 7: Drilling Timeline for Advanced Projects
DRILLING TIMELINE FOR ADVANCED PROJECTS JANUARY 2021 FEBRUARY 2021 MARCH 2021 APRIL 2021 LEWIS PONDS Revised Resource announced ASX 2 February 2021 1,000m RC drilling programme 3,300m DD programme Q1 2021 COPPER HILL EAST Diamond tails to CHERC012 & CHERC013 completed, assays awaited IP Survey, exte
Slide 8: Lewis Ponds (Gold-Silver-Zinc)
LEWIS PONDS (GOLD‐SILVER‐ZINC) • Godolphin’s most advanced project • 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 part of a larger mineral system extending over 9 km to the SE with extensive gold, copper and base metal workings • Historic
Slide 9: Redefining the Lewis Ponds Opportunity
REDEFINING THE LEWIS PONDS OPPORTUNITY • During 2020 carried out a comprehensive review of historical data to assess the economic potential of high‐grade gold and silver shoots within the Mineral Resource • Lewis Ponds actually a gold/silver resource with base metal credits 9 9
Slide 10: Redefining the Lewis Ponds Opportunity
REDEFINING THE LEWIS PONDS OPPORTUNITY Grade Contained Metal Tonnage Class Au Ag Zn Pb Cu AuEq Au Ag Zn Pb Cu (Mt) (g/t) (g/t) (%) (%) (%) (g/t) (koz) (moz (kt) (kt) (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 Resour
Slide 11: Redefining the Lewis Ponds Opportunity
REDEFINING THE LEWIS PONDS OPPORTUNITY • Soil survey identified significant untested precious and base metal anomalies with exploration targets away from known resource e.g. Limestone Quarry • Potential for McPhillamys’ style gold mineralisation • Now examining the potential for a higher grade under
Slide 12: Copper Hill East (CHE) Gold-Copper
COPPER HILL EAST (CHE)‐GOLD‐COPPER • Copper Hill East (CHE) is located in the same TWO PHASES OF DRILLING volcanic sequence as Boda (50km south) and COMPLETED IN 2020 Cadia‐Ridgeway (50km north) • Strong preliminary indications were: • Copper and gold in soils anomaly with 7km strike length. • Stron
Slide 13: CHE Turrawonga & Lyons Prospects (Gold-Copper)
CHE‐TURRAWONGA & LYONS PROSPECTS (GOLD‐COPPER) • Turrawonga Prospect‐ magnetic anomaly with coincident Au/Cu anomaly, so far tested with 4 RC drill holes & 2 diamond tails • Lyons Prospect‐ strong Cu in soil anomaly and native copper on surface tested with 9 shallow RC drill holes 13
Slide 14: CHE: Turrawonga Prospect (Gold-Copper)
CHE: TURRAWONGA PROSPECT (GOLD‐COPPER) • Drill hole CHER012 intersected 32m @ 0.29g/t gold and 0.13% copper from 210 metres • Drill hole CHER013 intersected 30m @ 0.64g/t gold and 0.04% copper from 182 metres • RC assay results suggest we are on the margins of a gold‐copper porphyry system • Assay r
Slide 15: Mount Aubrey (Gold)
MOUNT AUBREY (GOLD) • Located 40km NE of Parkes Long section looking north 030° for all drillhole intercepts >3g/t Au • Historical pits mined in 1990/1991 by BHP to a depth of just 40m; extracted approx. 12k oz • JORC 2012 Resource*: 1.21 Mt at 1.61 g/t gold • Epithermal gold system with potential f
Slide 16: Drilling at Mount Aubrey
DRILLING AT MOUNT AUBREY • Phase 1 RC programme completed in Q1 2020, all 14 drill holes intersected epithermal style alteration, most holes hit gold. Drill intersections included: • MAGRC0008: 22m @ 2.15g/t from 22m • MAGRC0011: 28m @ 0.92g/t from 62m • Phase 2 RC completed October 2020 , significa
Slide 17: Gundagai North and South (Gold)
GUNDAGAI NORTH AND SOUTH (GOLD) Gundagai is a historical gold Number of walk up drill targets to mining area be tested at Gundagai North & South Old workings, some substantial RC Drilling (planned 14 holes for High gold in soils and rock chip 1,885m) deferred to later in 2021 sampling resu
Slide 18: Investment Summary
INVESTMENT SUMMARY Large tenement holding in Lachlan Strategy to drill first order targets Fold Belt – a world class exploration for discovery ‐ maximise in‐ground and mining province. expenditure. Near term drill programmes at Lewis 519koz gold in resources. Ponds, Copper Hill East, Gundagai North
Slide 19: Disclaimer and Competent Persons Statement
DISCLAIMER AND COMPETENT PERSONS STATEMENT COMPETENT PERSONS STATEMENT DISCLAIMER JORC INFORMATION CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION This Australian Securities Exchange (ASX) release contains forward‐looking statements and forward‐looking information within the meaning of This Pr
Slide 20: Contact Details
godolphinresources.com.au Unit 13, 11‐19 Williams Street Orange, NSW, 2800 Australia David Greenwood – CEO dgreenwood@godolphinresources.com.au +61 438 948 643 20
Slide 21: Appendix A Deposits in the Lachlan Fold Belt
APPENDIX A DEPOSITS IN THE LACHLAN FOLD BELT Project Resource Type Resource Reference LFB is Australia’s premier bulk‐tonnage gold and 6.20Mt at 2.0g/t Au, 80g/t Ag, 2.7% Zn, 1.6% Pb, & Lewis Ponds Inferred 0.2% Cu 1 copper metal province. Mount Aubrey Inferred 1.21Mt @ 1.61 g/t Au 2 Godolphin’s
Slide 22: Appendix B Resources Inventory
APPENDIX B RESOURCES 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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