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Godolphin Resources Limited ( (AU:GRL) ) has shared an update.
Godolphin Resources Limited announced positive results from its metallurgical testing at the Lewis Ponds project, indicating that the mineralization is soft and amenable to milling with low energy costs. This development is expected to lower operating and capital expenses, thereby strengthening the economic case for the project and providing a solid foundation for the upcoming Scoping Study. The company is also engaged in further metallurgical testing and exploration initiatives to enhance gold and silver recovery, with additional drilling planned to support further resource growth.
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 metals projects. The company is primarily involved in the Lewis Ponds project located in the Lachlan Fold Belt, NSW, which targets gold, silver, lead, and zinc mineralization.
Average Trading Volume: 2,242,320
Technical Sentiment Signal: Hold
Current Market Cap: A$7.8M
See more data about GRL stock on TipRanks’ Stock Analysis page.