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Godolphin Resources Limited (ASX:GRL)

ALERT: Price-sensitive ASX Announcement for GRL
Current share price for GRL : $0.019 0.003 (18.75%)+
Announcement
Release
28 Aug 2025 9:41AM
Price at Release
$0.016
Full Release
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Summary
Godolphin Resources Limited (GRL) announced the successful completion of a capital raising of $2.4 million, enabling the company to fast-track exploration activities at its Lewis Ponds polymetallic project in New South Wales. The funding comprises a placement and a partially underwritten entitlement offer, with a focus on extending high-grade gold, silver, zinc, and base metal mineralisation at Lewis Ponds. The company outlines plans to commence a significant drill campaign targeting resource growth and testing new targets within the project area. The announcement highlights strong support from new and existing shareholders, the strategic importance of the Lewis Ponds project in the Lachlan Fold Belt, and the company’s intent to maximise shareholder value through aggressive exploration and resource expansion.
Key Points
  • Godolphin Resources Limited raised $2.4 million via a placement and entitlement offer.
  • Funding will be used to accelerate exploration at the Lewis Ponds project in New South Wales.
  • Exploration focus on expanding high-grade gold, silver, zinc, and base metal resources.
  • A major drill campaign is planned to test existing resources and new targets.
  • Strong support received from both new and existing shareholders.
  • Lewis Ponds project is a key asset in the highly prospective Lachlan Fold Belt.
  • Goal is to aggressively grow resources and drive shareholder value.
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.