Godolphin Resources

Company Profile:

Godolphin Resources (ASX: GRL) is an ASX listed resources company, with 100% controlled Australian-based Projects primarily located within the Lachlan Fold Belt (“LFB”) NSW, a world-class gold-copper and rare earth element province of Australia. Godolphin have strategic focus on exploring for and development of critical minerals and metals, we remain committed to sustainability across the community in which we operate, the environment we undertake exploration and development on and to deliver projects which will assist Australia and the world in the clean energy transition. Currently the Company’s tenements cover 3,300km2 of ground highly prospective for gold, silver, base metals and rare earths and is host to the Company’s advanced Lewis Ponds Gold and Silver Project, the Narraburra REE Project and the Yeoval Cu-Au and Mt Aubrey Au Projects

Management Profile:

Jeneta Owens - Managing Director
Jeneta Owens is an experienced geologist and strategic leader with over 18 years in mineral exploration and project development. As Managing Director of Godolphin Resources, she drives growth across key assets in New South Wales, including the Lewis Ponds gold-silver resource and the Narraburra REE project. Her technical background spans porphyry copper-gold, epithermal gold, sedex and VHMS systems, with leadership roles at major Australian mining companies. Jeneta previously founded a geological consultancy advising junior explorers on project evaluation and strategic planning. She is a member of AusIMM and AIG, and is committed to delivering shareholder value through disciplined exploration, resource expansion, and sustainable development.

What is your rationale for taking part in 121 Mining Investment?

1. Lewis Ponds Gold & Silver Project
Focus: Advance VHMS system toward development readiness
- Resource Expansion: Drill high-priority targets (Torphys Lode, EM & IP conductors)
- Scoping Study: Support technical studies based on 9.83Mt resource
- Capital Allocation: Deploy recent $3M+ funding to metallurgical testing & drilling
- Strategic Options: Seek Project Level Investment/Earn-in JV/sale to progress project
2. Narraburra Rare Earth Project
Focus: Position Narraburra as a scalable REE asset
- Scoping Study: Critically review project assumptions with expert engineering team
- Exploration Growth: Communicate untested regolith targets to expand resource base
- Market Leverage: Engage strategic investors & potential offtake partners
3. On-Market Support
Focus: Strengthen investor confidence & visibility 
- ASX Engagement: Maintain consistent milestone reporting and widely promote key news flow such as metallurgy, scoping study, deep IP survey and drilling


What recent news would you like to highlight to investors attending?

Lewis Ponds Metallurgical Testing update: Results suggests lowering of Operating and Capital costs
25/09/2025
Transformational Lewis Ponds resource upgrade delivers 470,000oz gold & 21Moz silver
12/08/2025
Lewis Ponds Gold, Silver Project Exploration Targets Defined
23/07/2025
Strategic Update: Unlocking Value at the Lewis Ponds Gold-Silver-Base Metals Project
04/07/2025
Down Hole Electromagnetic (DHEM) data indicative of further undrilled mineralisation at Lewis Ponds Gold, Silver and Base Metals Project
27/06/2025
Update - New Lewis Ponds Prospects 5.11gt Au 5.78% Cu in Rock Chips
28/05/2025
Geophysics Reveals Significant, Large-Scale Gold & Silver Targets at Lewis Ponds Gold, Silver and Base Metals Project
05/05/2025
Significant progress on Narraburra REE Project with production of second, cleaner Mixed Rare Earth Carbonate (MREC)
10/12/2024


What are your key goals for the next 3, 6 and 12 months?
3 Months:

Lewis Ponds: Completion of deep penetrating IP survey, metallurgical program, scoping study 
Narraburra REE: Complete MRE Audit and update

6 Months:

Lewis Ponds: Resource Expansion drilling 
Narraburra: Complete scoping level mining study​​​​​​​

12 Months:

Lewis Ponds: Update MRE and commencement of PFS​​​​​​​

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Godolphin Resources faces several key challenges typical of an emerging exploration company. These include:
• Resource Classification Risk: Some mineral estimates require further drilling to meet investor expectations. We are actively addressing this through targeted exploration programs and validation work. 
• Funding and Market Volatility: Exploration is capital-intensive and subject to market sentiment. We’ve secured recent placements and a heavily oversubscribed entitlement offers to support priority programs, while maintaining a disciplined capital strategy
• Regulatory and Permitting Complexity: Navigating approvals for advanced projects like Narraburra REE is a challenge. We’re mitigating this through early engagement with stakeholders and structured study phases leading to feasibility. 
• Technical Uncertainty: Metallurgical and geological variability can impact project economics. We’re overcoming this with rigorous testwork and expert-led scoping studies. 
• Strategic Focus: Balancing multiple assets across gold, copper, and rare earths requires clarity. We’ve refined our strategy to prioritise high-impact assets and explore JV or divestment options for non-core assets.


What do you think makes your company such a compelling investment?

Godolphin Resources Limited offers exposure to a diversified portfolio of precious metals and critical mineral assets in Australia’s premier mining jurisdiction. The company holds the Lewis Ponds gold-silver-copper-zinc VHMS project, which has a robust 2025 Mineral Resource Estimate and is advancing toward completion of a scoping level mining study.

Complementing this, the company holds a nationally significant Rare Earth Element (REE) project at Narraburra, with a current JORC-compliant resource. This positions Godolphin to benefit from growing global demand for REEs in clean energy and technology 

The company’s strategy emphasises optionality, disciplined capital deployment, and alignment with market cycles, making it a compelling vehicle for investors seeking growth in the critical minerals and precious metals sectors.

What are the top 3 key investor takeaways?

1. Advancing Flagship Projects with Near-Term Upside.
Lewis Ponds Project: Hosts 470koz gold and 20.9Moz silver with zinc, lead, and copper credits. Near-term exploration targets and scoping studies are underway to unlock further value. 
Narraburra REE Project: Recently delivered its maiden MREC product. Offtake discussions are in progress, positioning the asset as a strategic REE supply opportunity. 
2. Well-Funded and Actively Engaged in Growth.
Following a $3M capital raising, Godolphin is well-capitalised to pursue exploration and development across its portfolio. The company is actively engaging with strategic partners and investors, and maintains a strong presence at industry events, reinforcing its visibility and commitment to shareholder value.
3. Strategic Exposure to Precious Metals and Critical Minerals in NSW’s Premier Mining Belt.
Godolphin holds a dominant footprint in the Lachlan Fold Belt, one of Australia’s most prospective regions for gold, copper, base metals, and rare earths. The company’s multi-commodity portfolio includes four JORC 2012-compliant Mineral Resource Estimates, offering investors diversified exposure to high-demand metals essential for clean energy and technology in a geopolitically safe location.