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Godolphin Resources Limited (ASX:GRL)

ALERT: Price-sensitive ASX Announcement for GRL
Current share price for GRL : $0.017 -0.023 (-57.50%)+
Announcement
Release
28 Jan 2026 1:59PM
Price at Release
$0.040
Full Release
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Summary
Godolphin Resources Limited (ASX: GRL) has reported significant progress in its projects, notably at the Lewis Ponds where an upgraded MRE is being integrated into a mining assessment. The company has completed metallurgical flotation trials yielding high-quality concentrates and has confirmed mineral system extensions with a high-resolution IP survey. In its Narraburra REE Project, a substantial resource has been defined, and a Mixed Rare Earth Carbonate product has been successfully produced. Financially, the company raised $1.68 million through a non-renounceable entitlement offer to support ongoing projects, while no new tenements were acquired or disposed during the quarter.
Key Points
  • Godolphin Resources Limited (GRL) is continuing development at its Lewis Ponds project with upgraded Mineral Resource Estimate (MRE) and successful metallurgical flotation results.
  • A high-resolution Induced Polarisation (IP) survey has confirmed significant mineral system extensions at Lewis Ponds.
  • The Narraburra Rare Earth Elements (REE) Project is advancing with significant resource estimates and successful production of a Mixed Rare Earth Carbonate (MREC) product.
  • A non-renounceable entitlement offer raised $1.68 million to support Lewis Ponds project activities.
  • No acquisitions or disposals of tenements occurred during the quarter.
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.