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Godolphin Resources Limited ( (AU:GRL) ) just unveiled an update.
Godolphin Resources Limited has announced a new funding initiative, securing $1.35 million through a share placement and planning a non-renounceable entitlement offer to raise an additional $1.68 million. The funds will be used to accelerate exploration and development activities at the Lewis Ponds Project, including metallurgical testing, resource expansion drilling, and exploration of high-priority targets. This strategic move is expected to enhance the company’s operational capabilities and strengthen its position in the mining sector, particularly in the development of gold, silver, and base metals in New South Wales.
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. The company is primarily engaged in projects located in the Lachlan Fold Belt, New South Wales, with a significant emphasis on its Lewis Ponds Gold, Silver, and Base Metals Project.
Average Trading Volume: 1,771,093
Technical Sentiment Signal: Hold
Current Market Cap: A$7.18M
For a thorough assessment of GRL stock, go to TipRanks’ Stock Analysis page.