Initial metallurgical results will be used to advance Narraburra...

Initial metallurgical results will be used to advance Narraburra Rare Earth Project Mineral Resource Estimate – now being finalised to JORC 2012 standards and expected to be released in coming weeks


These first results also indicate Narraburra as an Ionic Clay-hosted source of Rare Earths, which are very amenable to relatively low cost processing, as opposed to hard rock sources, which require substantially more complex and expensive, processing methods. This will play very well for Godolphin, particularly as discussions with offtake partners commence.

These preliminary results, received earlier than scheduled, will inform the pending upgrade to JORC 2012 of the Narraburra Mineral Resource and will be utilised for a larger, metallurgical and bulk sampling program to determine the ideal extraction pathway at Narraburra. These initiatives are scheduled to commence later this calendar year and reiterate Godolphin’s commitment to accelerate the ongoing development of Narraburra, to generate shareholder value.”

This type of mineralisation is amenable to lower cost processing methods and requires significantly lower capital expenditure to get into production, as compared to hard rock sources of REE’s.