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Godolphin Resources Limited ( (AU:GRL) ) has provided an update.
Godolphin Resources Limited announced the successful completion of its non-renounceable entitlement offer, which closed 86% oversubscribed, raising $3.124 million against a target of $1.68 million. This strong investor confidence underscores the potential of the company’s Lewis Ponds Gold and Silver Project and its near-term exploration and development strategy. The new funding will be used for various initiatives, including resource expansion drilling and metallurgical testing, to enhance the project’s value and advance its scoping study.
More about Godolphin Resources Limited
Godolphin Resources Limited is an ASX-listed resources company with 100% controlled projects in Australia, primarily located within the Lachlan Fold Belt in New South Wales. The company focuses on exploring and developing critical minerals and metals, including gold, silver, base metals, and rare earth elements. Godolphin is committed to sustainability and aims to contribute to the clean energy transition.
Average Trading Volume: 2,637,648
Technical Sentiment Signal: Buy
Current Market Cap: A$11.14M
See more data about GRL stock on TipRanks’ Stock Analysis page.