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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
31 Jul 2026 8:11AM
Price at Release
$0.017
Full Release
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Summary
Godolphin Resources Limited (ASX: GRL) released its quarterly activities and cash flow report for the period ending 30 June 2026. During this quarter, the company made significant progress in its Lewis Ponds and Narraburra projects. A new discovery at the Cousin Jack prospect revealed substantial sulphide mineralisation, indicating the potential for resource growth beyond the current defined limits. The company also advanced the Matrix Critical Minerals IPO process to list its Narraburra Rare Earths Project separately, valuing it at $12.5 million. Financial activities included a $2.5 million placement and receipt of a $498,000 R&D tax incentive refund. The company divested non-core projects, including Calarie and Gundagai, to strengthen its focus on primary assets. Cash and cash equivalents at the quarter's end amounted to $3.692 million, with an estimated 6.58 quarters of funding available for future operations.
Key Points
  • Cousin Jack discovery at Lewis Ponds suggests significant resource growth.
  • Matrix Critical Minerals IPO for Narraburra Project underway with a $12.5m valuation.
  • $2.5m raised through placement and $498,000 R&D tax refund received.
  • Divestment of non-core assets like Calarie and Gundagai projects.
  • Cash balance at quarter end was $3.692 million.
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.