Godolphin hires MST to lead Matrix Critical Minerals IPO spin-out

Godolphin Resources Limited ( (AU:GRL) ) has shared an announcement.

Godolphin Resources has appointed independent firm MST Financial as lead manager and adviser to fast-track the spin-out and IPO of its Narraburra Rare Earths Project and related rare earth licences into a new ASX-listed vehicle, Matrix Critical Minerals Limited. The transaction, targeted for the second half of 2026, will see Narraburra and other exploration assets transferred to Matrix, with existing Godolphin shareholders expected to receive an in-specie distribution of Matrix shares and a priority allocation in the IPO, subject to approvals.

Matrix has assembled an experienced board and management team, including Christopher Gibbs as executive chairman, Jeneta Owens as non-executive director and Craig McPherson as CFO and company secretary, to steer the listing and development program. The spin-out is designed to give investors pure-play exposure to one of Australia’s most promising clay-hosted rare earth projects, whose high-quality mixed rare earth carbonate product and strong heavy rare earth profile position it to benefit from heightened western supply concerns and price movements following China’s export controls.

More about Godolphin Resources Limited

Godolphin Resources Limited is an ASX-listed exploration company focused on rare earths and critical minerals in New South Wales’ Lachlan Fold Belt. Its key asset is the 100%-owned Narraburra Rare Earths Project, a large-scale clay-hosted deposit with significant heavy rare earth and yttrium content, targeting growing demand from western downstream customers seeking secure, non-Chinese supply chains.

Average Trading Volume: 3,740,212

Technical Sentiment Signal: Sell

Current Market Cap: A$12.71M

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