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Godolphin Resources Limited (ASX:GRL)

ALERT: Price-sensitive ASX Announcement for GRL
Current share price for GRL : $0.019 0.001 (5.56%)+
Announcement
Release
30 Jul 2026 8:43AM
Price at Release
$0.018
Full Release
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Summary
Godolphin Resources Limited (ASX: GRL) has announced the confirmation of significant copper-gold porphyry mineralisation at the Goodrich Project in New South Wales, Australia. The project, part of a joint venture with Great Plains Metals Corporation, demonstrated substantial mineralisation through drilling results, notably from drill hole GGDD004 which intersected a broad copper-gold zone. This includes various high-grade intervals, affirming the presence of a mineralised porphyry system. Great Plains has fulfilled initial earn-in conditions, securing a 51% interest, with Godolphin retaining a 49% stake, and further exploration will be funded by Great Plains. The findings support Godolphin's exploration model, highlighting the project's potential scale and providing a foundation for future exploration activities.
Key Points
  • Significant copper-gold intersection confirmed at Goodrich Project.
  • Drill hole GGDD004 returned 136.55m at 0.32% Cu, 0.16g/t Au, and 43g/t Mo.
  • High-grade zone of 3.55m at 2.80% Cu, 0.18g/t Au, and 48g/t Mo identified.
  • Great Plains Metals Corporation secures 51% interest in the project.
  • Godolphin retains 49% interest, with Great Plains funding future exploration.
  • Project located 70km northwest of Orange, NSW, targeting large-tonnage porphyry systems.
  • Drilling results support the interpretation of a fertile porphyry environment.
  • Next phase of exploration aims to expand the footprint of the copper-gold discovery.
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.