Orbit Resources Limited · ASX:OBT
Orbit Resources — Godolphin Resources — IMARC 2023 (International Mining and Resources Conference)
30 slides from Orbit Resources's conference presentation, Nov 8, 2023
Slide 1: IMARC Investor Presentation 31 October 2023 Update
8 November 2023 IMARC Investor Presentation 31 October 2023 Update On 31 October 2023, Godolphin Resources Limited (ASX: GRL) (“Company”) made a market announcement titled “IMARC Investor Presentation 31 October 2023” (“Announcement”). The Announcement has been updated. Page 2 of the Announcement ti
Slide 2: About Godolphin Resources
About Godolphin Resources Godolphin Resources (ASX: GRL) is an ASX listed resources company, with 100% controlled Australian-based projects in the Lachlan Fold Belt (“LFB”) NSW, a world-class gold-copper province. A strategic focus on critical minerals and green metals through ongoing exploration an
Slide 3: Investor Presentation IMARC
Investor Presentation IMARC October 31, 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 4: 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 5: 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 6: Corporate snapshot
Corporate snapshot Snapshot Board of Directors Shares on issue 169.24m Non-Executive Chairman Mr Jeremy Read Market capitalisation $6.09m Managing Director Ms Jeneta Owens (at $0.036 per share - 24 October 2023) Options on issue 31.44m Non-Executive Director Dr Christopher Hartley 52 week low-high $
Slide 7: 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 8: 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 9: 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 REEs1 including Pr, Nd, Tb and Dy with in
Slide 10: Narraburra Rare Earth Project: Maiden JORC 2012
Narraburra Rare Earth Project: Maiden JORC 2012 Maiden JORC 2012 Resource1 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
Slide 11: 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 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: 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 15: 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 16: 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 17: 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 15
Slide 18: Appendix 1: 'Discover Thinking' exploration strategy
Appendix 1: ‘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
Slide 19: 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 20: 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 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: Appendix 7: Lachlan Fold Belt deposits
Appendix 7: Lachlan Fold Belt deposits Project Resources Type Resource Reference • LFB is Australia’s premier bulk- Lewis Ponds Inferred 6.20 Mt at 2.0g/t gold, 80g/t silver, 2.7% zinc, 1.6% lead and 0.2% copper 1 Mt Aubrey Inferred 1.21 Mt at 1.61 g/t Au 2 tonnage gold and copper metal Yeoval Infer
Slide 30: 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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