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Godolphin Resources Limited ( (AU:GRL) ) has provided an update.
Godolphin Resources Limited has entered into an option agreement with Gilmore Minerals Pty Ltd, granting Gilmore the option to acquire the Gundagai Project. This agreement allows Godolphin to focus on its advanced projects, Lewis Ponds and Narraburra, while securing non-dilutive funding. The arrangement reduces Godolphin’s exploration expenditure and provides flexibility to allocate resources to its key projects, potentially enhancing shareholder value.
More about Godolphin Resources Limited
Godolphin Resources Limited is a mineral exploration company focused on the development of gold, silver, base metals, and rare earth projects. The company is primarily engaged in advancing its flagship projects, Lewis Ponds and Narraburra, located in New South Wales, Australia.
Average Trading Volume: 3,603,527
Technical Sentiment Signal: Buy
Current Market Cap: A$13.92M
For detailed information about GRL stock, go to TipRanks’ Stock Analysis page.