In the June 25, 2019 ASX announcement, it says "Ardea Resources Limited (Ardea) is pleased to provide this update on the proposed spin out of its wholly owned subsidiary, Godolphin Resources Limited (Godolphin or GRL) through an Initial Public Offering (the Proposed Transaction)."
Also in another paragraph "Godolphin Resources Limited has been registered as a wholly-owned subsidiary of Ardea, with title to the
NSW assets in the process of being transferred to GRL."
Ann: Withdrawal of AGM Resolution for Consideration Share Issue, page-4
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