Godolphin Resources GRL announced a capital raising today ARR...

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bluesamurai

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22/04/24

14:53

Post #: 73458604
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Originally posted by bluesamurai: ↑

Remaining 49% of flagship Narraburra project bought from JV partner EX9 for very favourable terms for GRL Considerably strengthens GRL’s landholding which is now includes 100%-ownership of over 500km2 of highly-prospective rare earth ELsNarraburra has 94.9Mt JORC 2012 rare earths resource with high-grade magnet elementsFlexible development pathways under discussion with interested parties Special Report: Critical minerals explorer Godolphin Resources now owns 100% of the Narraburra rare earths (REE) project in NSW after buying out JV partner EX9.Narraburra is a highly prospective REE project with a 94.9Mt @ 739 parts per million (ppm) total rare earths oxides (TREO) – including a high-grade 20Mt component of 20Mt @ 1,079ppm TREO.Godolphin Resources (ASX:GRL) recently expanded the project a further 110km2 and has received Phase 2 metallurgy results through ANSTO, achieving huge 80-95% magnet REE recoveries – the high-value rare earths such as neodymium and praseodymium (NdPr). QUOTE in * today
Our 15% investment in GRL is looking a little stronger now with heavy rare earth potential in Australia and the US IMO

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Godolphin Resources GRL announced a capital raising today ARR will be in the strong position to assist the company as their major shareholder IMO

ARR Price at posting: 26.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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