Godolphin Resources Secures Funding for Exploration

Godolphin Resources Limited (AU:GRL) has released an update.

Godolphin Resources Limited has secured firm commitments to raise A$1.2 million through the issuance of new shares, with significant investment from cornerstone shareholder American Rare Earths Limited, to fund exploration at the promising Lewis Ponds Project. To enable shareholder participation, the company also announced a Share Purchase Plan aiming to raise an additional A$300,000. The funding will be directed towards diamond drilling and metallurgical testing to further explore and define the mineral resources at Lewis Ponds, which is part of a larger mineral system in the mineral-rich Lachlan Fold Belt.

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