Godolphin Resources Secures $1 Million for Lewis Ponds Project Advancement

Godolphin Resources Limited ( (AU:GRL) ) has issued an announcement.

Godolphin Resources Limited has successfully raised approximately $1.0 million through a strategic placement with sophisticated and professional investors. The funds will be used to advance metallurgical studies and exploration target development at the Lewis Ponds project, following a successful drill program that delivered high-grade gold results. The capital will also support the update of the existing Mineral Resource Estimate and the re-processing of geophysical data to define new exploration 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 the Lewis Ponds project.

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 engaged in advancing its 100%-owned Lewis Ponds project located in the Lachlan Fold Belt, NSW, Australia.

YTD Price Performance: 30.0%

Average Trading Volume: 2,698,622

Technical Sentiment Signal: Buy

Current Market Cap: A$4.67M

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