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The latest announcement is out from Godolphin Resources Limited ( (AU:GRL) ).
Godolphin Resources has reported new metallurgical results from its 100%-owned Lewis Ponds project indicating that incorporating gravity-recoverable gold can significantly boost processing performance. Testwork showed that about one-third of the gold occurs in a coarse fraction and that a gravity circuit ahead of lead flotation can capture up to 65% of total gold and lift overall recovery in the semi-massive ore domain to roughly 83%.
The 21% improvement in gold recovery versus flotation alone is expected to enhance the already strong project economics outlined in the recent scoping study, which envisages a 12-year mine life and robust returns under both base and upside metal price scenarios. Management says the results increase confidence in the processing flowsheet, improve project optionality and underscore Lewis Ponds’ credentials as a robust multi-metal development, with a 2,500m drilling campaign about to start to expand resources and support further optimisation studies.
The most recent analyst rating on (AU:GRL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Godolphin Resources Limited stock, see the AU:GRL Stock Forecast page.
More about Godolphin Resources Limited
Godolphin Resources Limited is an Australian exploration and development company focused on gold, silver and base metals projects in New South Wales, particularly within the Lachlan Fold Belt. Its flagship Lewis Ponds project targets multi-metal mineralisation, with planned open pit and underground operations aimed at long-life production supported by relatively low pre-production capital costs.
Average Trading Volume: 9,619,585
Technical Sentiment Signal: Sell
Current Market Cap: A$13.31M
Find detailed analytics on GRL stock on TipRanks’ Stock Analysis page.