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Godolphin Resources Limited (ASX:GRL)

ALERT: Price-sensitive ASX Announcement for GRL
Current share price for GRL : $0.021 0.01 (90.91%)+
Announcement
Release
12 Aug 2025 9:05AM
Price at Release
$0.011
Full Release
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Summary
Godolphin Resources Limited (Godolphin) has announced a significant resource upgrade for its Lewis Ponds Project in New South Wales, Australia, delivering a total JORC 2012 Mineral Resource Estimate of 470,000 ounces of gold and 21 million ounces of silver. This new estimate represents a 29% increase in contained gold and a 28% increase in contained silver compared to the previous estimate, reflecting the company’s successful drilling and resource extension activities. The resource now stands at 21.8 million tonnes at 0.67g/t gold, 30g/t silver, 1.6% zinc, 0.7% lead, and 0.2% copper. The upgrade is based on recent drilling and remodelling, which has improved confidence in both the Main and Tom’s Lode deposits, and includes a significant portion in the Indicated category. Godolphin highlights the potential for further growth through ongoing exploration and notes that metallurgical studies are underway to support project development. The company’s Lewis Ponds asset is positioned as a high-potential, advanced-stage project within a well-established mining district.
Key Points
  • Godolphin Resources Limited announces a major resource upgrade at the Lewis Ponds Project in NSW, Australia.
  • The updated JORC 2012 Mineral Resource Estimate totals 470,000oz gold and 21Moz silver.
  • Represents a 29% increase in gold and a 28% increase in silver compared to the previous estimate.
  • Resource now stands at 21.8Mt at 0.67g/t Au, 30g/t Ag, 1.6% Zn, 0.7% Pb, and 0.2% Cu.
  • Upgraded resource includes Main and Tom’s Lode deposits with improved geological confidence.
  • A significant portion of the resource is now in the Indicated category.
  • Upgrade is driven by successful recent drilling and resource remodelling.
  • Ongoing exploration and metallurgical studies may further increase resources and advance project development.
  • Lewis Ponds is positioned as an advanced-stage, high-potential project in a respected mining region.
  • The announcement reinforces Godolphin’s commitment to expanding its resource base and accelerating project development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.