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Godolphin Resources Limited (ASX:GRL)

ALERT: Price-sensitive ASX Announcement for GRL
Current share price for GRL : $0.019 0.002 (11.76%)+
Announcement
Release
9 Jul 2026 8:48AM
Price at Release
$0.017
Full Release
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Summary
Godolphin Resources Limited (ASX: GRL) is progressing towards the Initial Public Offering (IPO) of Matrix Critical Minerals Limited, intended to highlight the Narraburra Rare Earths Project. The IPO aims to raise between AUD 8 million to 12 million at AUD 0.20 per share. Godolphin will distribute 50 million of the 62.5 million consideration shares to existing shareholders on a pro-rata in-specie basis. The Narraburra Project, valued at AUD 12.5 million, is rich in yttrium and heavy rare earths, aligning with the increased global demand for non-Chinese rare earth supplies. The listing is anticipated for the second half of the calendar year 2026, following necessary approvals and market conditions.
Key Points
  • Godolphin Resources Limited is advancing the IPO of Matrix Critical Minerals Limited.
  • The IPO aims to raise a minimum of AUD 8 million and a maximum of AUD 12 million.
  • Narraburra Rare Earths Project valued at AUD 12.5 million.
  • Godolphin to distribute 50 million Matrix shares to shareholders.
  • Listing anticipated for H2 CY2026, subject to approvals.
  • Narraburra Project offers non-Chinese rare earth supply, rich in yttrium.
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.