Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — Brisbane Mining Conference 2024
20 slides from Orbit Resources's conference presentation, Mar 13, 2024
Slide 1: Investor Presentation
Investor Presentation Brisbane Mining Conference| 13 March 2024 | 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: Corporate snapshot
Corporate snapshot Snapshot Board of Directors Shares on issue 169.24m Non-Executive Chairman Mr Jeremy Read Market capitalisation $6.8m (at $0.04 per share - 26 February 2024) Managing Director Ms Jeneta Owens Options on issue 40.44m Non-Executive Director Dr Christopher Hartley 52 week low-high $0
Slide 4: Investment highlights
Investment highlights Focused on the development of projects containing Copper and gold projects in the highly critical minerals and green metals across an prospective Lachlan Fold Belt ready for drilling - Current resources inventory of 519koz gold established tenement suite in central west NSW Mai
Slide 5: Significant foothold in the Lachlan Fold Belt
Significant foothold in the Lachlan Fold Belt GRL maintains one of the largest exploration landholdings in the LFB with over 3,500km2 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
Slide 6: Narraburra: Flagship asset with scale potential
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 7: 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) w
Slide 8: 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 hi
Slide 9: A best-in-class REE portfolio in NSW
A best-in-class REE portfolio in NSW GRL has built an exceptionally 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 targets alre
Slide 10: 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 molybdenum • Typical porphyry Cu-Au style mineralisation at Yeoval. • Large skarn alteration system identified – Vaughn’s Ridge
Slide 11: Yeoval copper gold project
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 drilling at Goodri
Slide 12: Strategic sale of Lewis Ponds provides new funding
Strategic sale of Lewis Ponds provides new funding Term sheet signed with battery metals focused explorer Minerals Pty Ltd for the sale of the Lewis Ponds Project for $11m cash Total consideration reflects the significant market value of GRL’s Lewis Ponds and Mt Bulga Projects All-cash payment provi
Slide 13: 2024 exploration timeline – February to July
2024 exploration timeline – February to July REE Projects: Commencement of mining study Mineralogical and Diamond Drilling Mining study & Diamond drilling Cambrai & Trungley metallurgical test Cambrai & Trungley mineralogy, results & MRE update geochemical work results metallurgy results started pro
Slide 14: godolphinresources.com.au
godolphinresources.com.au Unit 13, 11-19 William Street Orange, NSW, 2800 Australia Jeneta Owens – Managing Director jowens@godolphinresources.com.au +61 417 344 658 14
Slide 15: 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 16: Appendix 1: Increasing the Lewis Ponds opportunity
Appendix 1: 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 17: Appendix 1: Increasing the Lewis Ponds opportunity
Appendix 1: 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 18: Appendix 1: Unlocking value at Lewis Ponds
Appendix 1: 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 19: Appendix 2: Copper Hill East (CHE) copper and gold project
Appendix 2: 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 20: Appendix 2: CHE Turrawonga – copper gold porphyry potential
Appendix 2: 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 & 0.13% Cu – Multiple intrusions in CHERC0
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