Hi Metalo, - No relation or connection whatsoever to the...

Hi Metalo, - No relation or connection whatsoever to the thoroughbred Godolphin Stables.

The derivation of the Godolphin name is from the Godolphin Fault, a crustal-scale structure that hosts significant mineral deposits along its entire strike length, including the 60km of strike held by GRL.

I know you asked a simple question and I have taken the liberty to explain in particular the latest GRL project which is just one of its several projects, this Narraburra project could be a company maker.

Let's hope that GRL can run as fast as some of the very best Godolphin thoroughbreds when it could well feature at Narraburra and finish 2022 on a high.

I see that you are not a holder of GRL but just maybe it's an omen that this company name "Godolphin" brings you here, and I take this opportunity to bring holders attention to previous resource estimates (in case they have missed it) and importantly the following from the company.

It is of note that a significant number of historic drill holes finished in the highest grades of RM & REE and remarkably none of the drill holes intersected fresh bedrock. The resource potential at depth is completely untested.

For added information on the Narraburra Rare Earth Element Project:

• Narraburra has a previously reported a Mineral Resource Estimate of 73.2M tonnes at 1250g/t ZrO₂, 327g/t REO, 146g/t Y₂O₃, 126g/t Nb₂O₅, 45g/t HfO₂, 54g/t Ga₂O₃ and 118g/t Li₂O, which was classified as Inferred under JORC (2004) by its previous owner Capital Mining Limited (ASX: CMY) not the Company. This previously reported MRE may not conform to the requirements in the JORC Code 2012.
• • Narraburra is located in the central west of NSW, host to Australia’s most advanced Zirconium, Rare Earth Element and Rare Metals project, the Dubbo Project of Australian Strategic Materials
  • • Project is listed as a critical minerals project by the Australian Government’s Australian Trade and Investment Commission
    • • Previous exploration includes airborne magnetic surveys, geological mapping, mineralogical studies, preliminary metallurgical test work, with irregular wide-spaced RAB and RC drilling
      • GRL will obtain a considerable suite of historical data to progress a systematic resource drill-out to JORC 2012 standard, commencing once statutory approvals are secured - expected Q2 2022
        • Earn-in terms – two tranche agreement allows Godolphin to progress to 51% ownership with $1M exploration spend and 75% ownership through an additional $2M in expenditure
        • Issue of success-based Godolphin shares to the counterparty, with A$1M of shares upon the 51% earn-in and A$1M of shares upon the 75% earn-in, subject to 12-month escrow period.
        • OVERVIEW
        • Since 1999, there has been considerable exploration work completed on the Project, including airborne magnetic and radiometric surveying, geological mapping, ground radiometric surveying, bedrock geochemical sampling, whole-rock analysis, petrological and mineralogical studies, preliminary metallurgical testing and RC drilling. The programs confirmed significant occurrences of Rare Earth Elements (REE) (oxide is REO) including neodymium (Nd) and praseodymium (Pr) and Rare Metals (RM) including zirconium (Zr), Yttrium (Y), niobium (Nb), hafnium (Hf), gallium (Ga) and lithium (Li). Thorium (Th) is reasonably low.
          The Project has a previously reported JORC 2004 compliant Inferred resource, by previous owner Capital Mining Limited (ASX: CMY) not the Company, of 73.2M tonnes at 1250g/t ZrO₂, 327g/t REO, 146g/t Y₂O₃, 126g/t Nb₂O₅, 45g/t HfO₂, 54g/t Ga₂O₃ and 118 g/t Li₂O (refer ASX Announcement: Capital Mining Limited, ASX: CMY 09 December 2011) . It should be noted that the estimate may not conform to the requirements in the JORC Code 2012. The methodology utilised in the previous estimate were appropriate at the time of the estimate and due to the reported wide drill spacing an Inferred resource was reported.
        • 
          Godolphin believes there is considerable potential to expand the existing mineralisation with the planned work program, as additional drilling is completed to allow the mineral resource to be classified in compliance with JORC 2012. More importantly, a more detailed close spaced drilling pattern with an expanded analytical suite and systematic Material Type allocation should enable resource estimation at a higher cut-off grade for optimised tonnes at significantly higher head grade and a JORC Code 2012 compliant resource estimate.
          The previous owner noted that mineralisation extends from the surface to a depth of 40-50 metres at end-of-hole, with shallow overburden where present consisting of clay, sand, silt, and marginal grade mineralisation at 0.5-3 metres thick. It is of note that a significant number of the historic drill holes finished in the highest grades of RM and REE and remarkably none of the drill holes intersected fresh bedrock. The resource potential at depth is completely untested.
          Previous metallurgical testing of bulk samples has also been undertaken, with results indicating that there are acceptable recoveries for a range of REO components, including zirconium, niobium and lithium with clean exclusion of thorium. An historical review of this data has been undertaken and outlines that utilising a combination of conventional methods such as spiralling, flotation, hydrometallurgical and pyrometallurgical techniques has the potential to yield favourable returns.
      • THE ABOVE INFORMATION IS FROM GRL's WEBSITE AND CAN BE VIEWED IN FULL AT https://godolphinresources.com.au/narraburra