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The latest announcement is out from Godolphin Resources Limited ( (AU:GRL) ).
Godolphin Resources Limited announced the completion of a placement of 89,774,662 fully paid ordinary shares at A$0.011 per share, raising A$987,521 before costs. This capital raising supports the company’s ongoing exploration efforts in the Lachlan Fold Belt, marking a significant step in its strategic focus on critical minerals and green metals. The placement was conducted without disclosure to investors under the Corporations Act, and the company has complied with relevant regulatory provisions.
More about Godolphin Resources Limited
Godolphin Resources Limited is an ASX-listed resources company focused on exploration and development of critical minerals and green metals in the Lachlan Fold Belt, New South Wales. The company controls 3,400 square kilometers of prospective ground in this region, known for its potential in discovering rare earth elements, copper, and gold deposits. Godolphin is actively exploring for REE, epithermal gold, base-metal deposits, and large gold-copper porphyry deposits.
YTD Price Performance: 20.0%
Average Trading Volume: 2,719,440
Technical Sentiment Signal: Buy
Current Market Cap: A$4.31M
See more insights into GRL stock on TipRanks’ Stock Analysis page.