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Godolphin Resources Limited ( (AU:GRL) ) has shared an update.
Godolphin Resources Limited has announced a significant upgrade to its Mineral Resource Estimate (MRE) for the Lewis Ponds project, revealing a 58% increase in tonnes, an 18% rise in gold, and a 31% boost in silver content. The updated MRE now includes 470,000 ounces of gold and 21 million ounces of silver, marking a substantial step towards development. The company has also completed a Pit Optimisation study, enhancing resource confidence levels and indicating potential for near-term development. This development positions Godolphin strongly within the industry, promising further growth and opportunities for stakeholders.
More about Godolphin Resources Limited
Godolphin Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold, silver, and base metal deposits. The company is primarily engaged in projects within the Lachlan Fold Belt in New South Wales, Australia, with a significant interest in the Lewis Ponds project.
Average Trading Volume: 1,109,400
Technical Sentiment Signal: Sell
Current Market Cap: A$4.94M
For a thorough assessment of GRL stock, go to TipRanks’ Stock Analysis page.