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An update from Godolphin Resources Limited ( (AU:GRL) ) is now available.
Godolphin Resources Limited has announced a significant upgrade to the Mineral Resource Estimate (MRE) for its Lewis Ponds gold, silver, and base metals deposit, resulting in a 78% increase in tonnage, a 34% increase in gold, and a 44% increase in silver. This upgrade is part of ongoing work towards a scoping study, highlighting improved operating efficiencies and higher commodity prices, which enhance the project’s economic viability. The updated MRE underscores the potential of Lewis Ponds, with a total metal content of 630Koz Gold and 30.1Moz Silver, and supports the production of marketable concentrates through conventional flotation processes.
More about Godolphin Resources Limited
Godolphin Resources Limited is a mining company focused on the exploration and development of gold, silver, and base metal deposits. The company operates primarily within the Lachlan Fold Belt in New South Wales, Australia, and is engaged in projects such as the Lewis Ponds and Narraburra Rare Earth Projects.
Average Trading Volume: 3,972,419
Technical Sentiment Signal: Buy
Current Market Cap: A$11.91M
For detailed information about GRL stock, go to TipRanks’ Stock Analysis page.