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GODOLPHIN RESOURCES LIMITED Capital/Financing Update 2022

Dec 12, 2022

65013_rns_2022-12-12_52cd2ca2-8177-4833-8642-5e16a3ca6e6e.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

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13 December 2022

Diamond Drilling Highlights Narraburra REE Outside Existing Mineralisation

  • Assay results are received for five diamond cored drill holes - four of five holes intersected significant Rare Earth Elements (“REE”), suggesting a larger REE system occurs at the Project

  • All REE intercepts are located outside the extent of previously identified REE mineralisation

  • Significant intercepts include:

  • GNBDD005 - 7.1m @ 1218 ppm Total Rare Earth Oxides (“TREO”) from 38.9m

  • GNBDD006 - 1m @ 668 ppm TREO from 3m, and 2m @ 727 ppm TREO from 22m, and 21m @ 695 ppm TREO from 51m

  • GNBDD007 - 1.25m @ 582 ppm TREO from 3m, and 2.2 m @ 907 ppm TREO from 36m, and 22m @ 524 ppm TREO from 54m

  • GNBDD009 - 2m @ 1238 ppm TREO from 15m

  • Higher levels of TREO in shallower weathered rock zones provide potential for low mining cost near-term extraction opportunities

  • Recent results from diamond drilling suggest a larger REE system occurs at Narraburra in both weathered surficial regolith material and in the underlying fresh rock protolith

  • Planning is underway for mineralogical and metallurgical test work, to determine optimum extraction pathways for both the weathered surficial mineralisation and the weathered rock material

  • Results from a further 22 diamond core drillholes will be reported soon – the majority of pending results are from drilling undertaken within the historical Mineral Resource Estimate (“MRE”), with the objective of upgrading the Mineral Resource Estimate to JORC (2012)

Godolphin Resources Limited (ASX: GRL) (“ Godolphin ” or the “ Company ”) is pleased to advise it has received assay results for five diamond drill holes (GNBDD005, GNBDD006, GNBDD007, GNBDD008 and GNBDD009) from the Company’s 27-hole diamond core inaugural MRE drill program at the Narraburra Rare Earth Element (“REE”) and Rare Metals (“RM”) Project (“Narraburra” or “the Project”), located 12km northeast of Temora in central west New South Wales (refer GRL’s ASX announcement: 24 October 2022).

Management commentary:

Managing Director Ms Jeneta Owens said:

“These further five diamond drill holes are highly encouraging, given that all holes reported were drilled outside the extent of mineralisation as defined by previous explorers. These results show there is substantial weathered surficial REE mineralisation, and there is scope to extend the historically defined mineral resource. Further, the higher levels of TREO evident in the shallower weathered rock zones provide the potential for a low mining cost and near-term extraction opportunities, highlighting the considerable development potential at Narraburra.

Since the initial farm-in agreement, the Company has drilled a total of 31 diamond drill holes at the Project, which can be used to update the existing Mineral Resource Estimate to JORC (2012) standards. An additional 22 of these holes, including drill holes completed within the known mineral resource, will be reported soon. Concurrently, the Company will also commence metallurgical test work to start defining the optimum process flowsheet for the Narraburra REE mineralisation.”

Godolphin Resources

ASX Code: GRL ABN: 13 633 779 950

E: [email protected] www.godolphinresources.com.au

A: Unit 13, 11-19 William Street, Orange NSW 2800 P: +61 2 6318 8144

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ASX ANNOUNCEMENT

The Narraburra area was first explored for REE associated with the Devonian-aged Narraburra Granite. Significantly, it is listed as a Critical Minerals Project by the Critical Minerals Facilitation Office of the Australian Government’s Department of Industry, Science, Energy and Resources and Australian Trade and Investment Commission[1] and highlights a major low-carbon metal opportunity in an established mining region.

To date, the Company’s diamond drilling at Narraburra has intersected broad zones of REE mineralisation in both weathered surficial regolith material and in underlying fresh rock protolith material (refer GRL’s ASX announcement: 11 November 2022). Most recent results from the additional five diamond drill holes have intersected further zones of REE outside the extent of previously identified REE mineralisation.

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Figure 1: Location of the reported five diamond drillholes at the Narraburra Project.

Program overview and results:

All five drill holes (GNBDD005, GNBDD006, GNBDD007, GNBDD008 and GNBDD009) are located outside the extent of previously identified REE mineralisation. All holes have similar down-hole profiles, with thick weathered regolith above fresh rock protolith. Hole GNBDD005 intersected 46.35m of weathered material,

1 https://www.austrade.gov.au/ArticleDocuments/5572/Critical_Minerals_Projects_in_Australia.pdf.aspx

Godolphin Resources

pg. 2

ASX ANNOUNCEMENT

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GNBDD006 70.4m, GNBDD007 77.3m, GNBDD008 1.34m, and hole GNBDD009 13.9 m of weathered material. Pleasingly, four of the five drillholes intercepted rare earth mineralisation.

Total rare earth oxide (“TREO”) values for all sample intervals have been calculated from assay results by summing the rare earth elements Cerium (Ce), Dysprosium (Dy), Erbium (Er), Europium (Eu), Gadolinium (Gd), Holmium (Ho), Lanthanum (La), Lutetium (Lu), Neodymium (Nd), Praseodymium (Pr), Samarium (Sm), Terbium (Tb), Thulium (Tm), Yttrium (Y) and Ytterbium (Yb). Oxide conversion factors have been applied to all results reported in this announcement (refer Table 1).

Drillhole GNBDD006 reported 21m averaging 695 ppm TREO from 51m downhole. Further REE mineralisation was intersected in this drill hole at shallow levels, including 1m averaging 668 ppm TREO from 3m and 2m averaging 727 ppm TREO from 22m. Drillhole GNBDD007 reported 22m averaging 524 ppm TREO from 54m downhole. Further REE mineralisation was intersected in this drill hole at shallow levels, including 1.25m averaging 582 ppm TREO from 3m and 2.2m averaging 907 ppm TREO from 36m. Further, drillhole GNBDD005 reported an intersection of 7.1m averaging 1218 ppm TREO from 38.9m downhole. Four of the five holes intersected REE mineralisation, with additional information and significant intersections tabulated below.


TREO includes TREO includes
Hole ID Type
Intercept
(m)		 Interval
(m)
EOH
(m)		 TREO
ppm		 TLREO
**ppm **		 THREO
**ppm **
GNBDD005 Weathered
7.1		 38.9 - 46
54.8		 1218 1050 168
GNBDD006 Weathered
1		 3 - 4
92.7		 668 423 245
GNBDD006 Weathered
2		 22 - 24
92.7		 727 628 99
GNBDD006 Weathered
21		 51 - 72
92.7		 695 430 265
GNBDD007 Weathered
1.25		 3 - 4.25
81.1		 582 371 211
GNBDD007 Weathered
2.2		 36 - 38.2
81.1		 907 530 377
GNBDD007 Weathered
22		 54 - 76
81.1		 524 287 237
GNBDD009 Fresh
2		 15 - 17
25.1		 1238 845 393

Table 1: Significant Rare Earth Element assay results[2] for drill holes GNBDD005, GNBDD006, GNBDD007 and GNBDD009, September-October 2022 diamond drill program

2 All REE mineralisation has been sampled and assayed in these holes. “TREO” is Total Rare Earth Oxide. “TLREO” is the proportion of TREO comprising light rare earth oxides. “THREO” is the proportion of TREO comprising heavy rare earth oxides. The composited drill intercepts above contain narrow discrete intervals of weakly mineralised material. A 500 ppm TREO lower cut-off grade has been adopted for mineralisation. No top cut has been applied. The stated intercepts are based on drill metres. Intervals may include small areas of core loss. See attached JORC Table 1 regarding drilling and analytical details, as well as calculations for conversions of REE assay results (ppm) to TREO, TLREO and THREO.

Godolphin Resources

pg. 3

ASX ANNOUNCEMENT

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Figure 2: Cross sections of drillholes GNBDD005, GNBDD006, GNBDD007 and GNBDD009 showing TREO

Godolphin Resources

pg. 4

ASX ANNOUNCEMENT

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Image: Core from GNBDD006 (between 59-64m) containing TREO of up to 695 ppm (weathered clay material zone)

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Image: Core from GNBDD005 (between 39-43m) containing TREO of up to 1218 ppm (weathered zone)

Godolphin Resources

pg. 5

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ASX ANNOUNCEMENT

A total of thirty-one diamond cored drill holes has been drilled to date by Godolphin Resources at the Narraburra Project. Assays from a further twenty-two holes drilled during September 2022 and October 2022 remain outstanding, with assay results expected before the end of December 2022.

The results from these drill holes will support the re-estimation of the previously identified mineralisation Resources to JORC 2012 standards, which is expected to be provided in Q1 2023.

The mineralised zones with significant rare earth element mineralisation are found in both weathered material and fresh rock below the surficial weathered material. Further mineralogical and metallurgical test work is required to determine the extraction pathways for the various styles of mineralisation. Further test work will be undertaken to determine whether rare earth elements and rare metals can be extracted from the fresh rock zone.

<>

This market announcement has been authorised for release to the market by the Board of Godolphin Resources Limited.

For further information regarding Godolphin, please visit https://godolphinresources.com.au/ or contact:

Jeneta Owens

Managing Director +61 417 344 658 [email protected]

Released through: Henry Jordan, Six Degrees Investor Relations, +61 431 271 538

Godolphin Resources

pg. 6

ASX ANNOUNCEMENT

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About Godolphin Resources

Godolphin Resources (ASX: GRL) is an ASX listed resources company, with 100% controlled Australian-based projects in the Lachlan Fold Belt ( “LFB” ) NSW, a world-class gold-copper province. A strategic focus on critical minerals and green metals through ongoing exploration and development in central west NSW. Currently the Company’s tenements cover 3,400km[2] of highly prospective ground focussed on the Lachlan Fold Belt, a highly regarded providence for the discovery of REE, copper and gold deposits. Additional prospectivity attributes of GRL tenure include the McPhillamy’s gold hosting Godolphin Fault and the Boda gold-copper hosting Molong Volcanic Belt.

Godolphin is exploring for REE, structurally hosted, epithermal gold and base-metal deposits and large, goldcopper Cadia style porphyry deposits and is pleased to announce a re-focus of exploration efforts for unlocking the potential of its East Lachlan tenement holdings, including increasing the mineral resource of its advanced Lewis Ponds Project. Reinvigoration of exploration efforts across the tenement package is the key to discovery and represents a transformational stage for the Company and its shareholders.

COMPLIANCE STATEMENTS: The information in this report that relates to reporting of Exploration Results, Mineral Resources or Ore Reserves is based on REE exploration information (excluding the RM information) reviewed by Mr Robin Rankin, a Competent Person who is a Member (#110551) of the Australasian Institute of Mining and Metallurgy (MAusIMM) and accredited since 2000 as a Chartered Professional (CP) by the AusIMM in the Geology discipline The exploration information was compiled by Goldolphin Resources Limited (GRL, see secondary CP Statement below). Mr Robin Rankin is an independent consultant to GR and provided this service to his Client GRL as paid consulting work in his capacity as Principal Consulting Geologist and operator of independent geological consultancy GeoRes. He and GeoRes are professionally and financially independent in the general sense and specifically of their Client and of the Client’s project. This consulting was provided on a paid basis, governed by a (in this case an on-going engagement) scope of work and a fee and expenses schedule, and the results or conclusions reported were not contingent on payments. Mr Rankin has sufficient experience that is relevant to the REE style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person (CP) as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Rankin consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr Rankin’s CP Statement is given on the basis that GRL takes responsibility to a Competent Persons level (as given below) for the collection and integrity of the source data.

The actual REE exploration information in this report that relates to Exploration data, Sampling Techniques or Geochemical Assay Methodology is based on information compiled by Ms Jeneta Owens, Competent Person who is a Member of the Australian Institute of Geoscientists. Ms Owens is the Managing Director and full-time employee of Godolphin Resources Limited. Ms Owens has sufficient experience to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Ms Owens consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

Information in this announcement is extracted from reports lodged as market announcements referred to above and available on the Company’s website www.godolphinresources.com.au.

The Company confirms that it is not aware of any new information that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

Godolphin Resources

pg. 7

ASX ANNOUNCEMENT

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Appendix 1 – JORC Code, 2012 Edition, Table 1 report

Section 1 Sampling Techniques and Data (Criteria in this section applies to all succeeding sections)

Criteria JORC Code explanation Commentary
Sampling techniques •
Nature and quality of sampling
(eg cut channels, random chips,
or specific specialised industry
standard measurement tools
appropriate to the minerals
under investigation, such as
down hole gamma sondes, or
handheld XRF instruments, etc).
These examples should not be
taken as limiting the broad
meaning of sampling.
•
Include reference to measures
taken
to
ensure
sample
representivity
and
the
appropriate calibration of any
measurement tools or systems
used.
•
Aspects of the determination of
mineralisation that are Material
to the Public Report.		 Diamond Drilling
•
The 27-hole program employed diamond core drilling techniques to obtain representative material for geological logging and assays. All drill holes in this program
were drilled at a vertical angle.
•
Entire drill holes were sampled on a 1 m interval basis. A minor number of samples were sampled on a minimum of 0.5 m intervals and maximum of 3.0 m intervals
where there were areas of core loss, or sampled to geological boundaries
•
Each sample was cut in half, with a total of one half of each designated interval sent for assay analysis and the other half of the interval stored for future use in
mineralogical and metallurgical testwork
•
All intervals were logged and recorded in a GRL Narraburra-specific template and saved in the Company’s database. Data includes: from and to measurements,
colour, weathering, regolith profile, lithology, magnetic susceptibility, specific gravity, rock quality designation, rock strength characterisation including penetrometer
readings, structures, and alteration.
•
Magnetic Susceptibility measurements were taken every 50 cm downhole
•
Penetrometer measurements were taken at observed rock strength boundaries using a Penetrometer ST 315 instrument.
•
The Competent Person ensured all sampling was to industry standard and in-line with previous sampling protocols. All relevant sampling details were continuously
monitored and recorded.
Drilling techniques •
Drill type (eg core, reverse
circulation, open-hole hammer,
rotary air blast, auger, Bangka,
sonic, etc) and details.		 •
Diamond Drilling - diamond drilling (DD) with PQ core size using a triple tube. Multi-shot surveys were taken at the end of the hole whilst pulling the rods. All holes were
drilled vertically. Holes were not orientated.
•
Drill collar locations were pegged by GRL contractors prior to drilling using a hand held GPS. The collars of completed drill holes have been surveyed with a dGPS by a GRL
geologist to an accuracy of less than 0.77m.
Drill sample recovery •
Method
of
recording
and
assessing core and chip sample
recoveries
and
results
assessed.		 Diamond Drilling
•
Drill core recovery was determined by comparing the drilled length of each interval with the physical core in the tray. The drill depth and drill run length data is recorded
on the core blocks by the drilling company and checked by GRL geologists. GRL geologists attributed any core loss to the likely position it came from within a drill run.
•
Diamond core recoveries are recorded in logging sheets and also via a digital photograph of core trays.
•
Overall estimated recoveries were high. GNBDD005 recovered 97%, GNBDD006 recovered 92%, GNBDD007 recovered 96%, GNBDD008 recovered 99% and
GNBDD009 recovered 96% of all drilled material
•
Care was taken to ensure the core was representatively sampled in the broken or friable zones and that sample intervals aligned with core loss

Godolphin Resources

pg. 8

ASX ANNOUNCEMENT ASX ANNOUNCEMENT
Criteria JORC Code explanation Commentary
Logging •
Whether core and chip samples
have been geologically and
geotechnically logged to a level
of detail to support appropriate
Mineral Resource estimation,
mining studies and metallurgical
studies.		 Diamond Drilling
•
The drill core was geologically logged by a GRL geologist and geotechnically logged by a suitably trained technician. The log includes detailed datasets for: lithology,
alteration, mineralisation, veins, structure, geotechnical logs, core recovery and magnetic susceptibility.
•
The data is logged and quality checked by a qualified geologist and is suitable for use in any future geological modelling, resource estimation, mining and/or metallurgical
studies
Sub-sampling
techniques and
sample preparation		 •
For all sample types, the nature,
quality and appropriateness of
the
sample
preparation
technique.		 Diamond Drilling
•
Sample intervals were allocated by a GRL geologist using geological boundaries or material type boundaries as a guide. Sample lengths are not equal, but an
average length of 1.0 m was obtained for this program.
•
The PQ core was split using hand methods for weathered material, which involved using stainless steel tools to split the core in half lengthways. For hard material, a
core saw was used to cut the sample in half. As such, core was sampled for assay as half-core samples.
•
All core samples are treated individual assay samples irrespective of their sample interval. Care was taken to ensure the assigned sampled ID was unique, and that
the corresponding drill hole and sample interval were accurately recorded on the sample log sheet. Routine assay samples employ a sequential 8-digit number.
•
QAQC was employed. A standard and blank was inserted into the sample stream at about every 20thassay sample. Standards were quantified industry standards.
Sample sizes are appropriate for the nature of mineralisation.
Quality of assay data
and laboratory tests		 •
The
nature,
quality
and
appropriateness of the assaying
and laboratory procedures used
and whether the technique is
considered partial or total.
•
Nature
of
quality
control
procedures
adopted
(eg
standards, blanks, duplicates,
external laboratory checks) and
whether acceptable levels of
accuracy (ie lack of bias) and
precision
have
been
established.		 Diamond Drilling
•
All GRL samples were submitted to ALS laboratories in Orange.
•
The assay methods are appropriate for this style of mineralization.
•
The samples were sorted, wet weighed, dried then weighed again. Primary preparation involved crushing and splitting the sample with a riffle splitter where
necessary to obtain a sub-fraction which was pulverised in a vibrating pulveriser.
•
Samples were assayed using both a four-acid digest with ICP-MS analysis (ALS code ME-MS61, 0.25g sample) and with a lithium-borate fusion prior to acid
dissolution and ICP-MS analysis (ALS code ME-MS81, 2g sample). All assay results discussed in this announcement reflect results received by lithium-borate
fusion analysis.
•
The lab routinely inserts analytical blanks, standards and duplicates into the client sample batches for laboratory QAQC performance monitoring.
•
GRL also inserted QAQC samples into the sample stream as mentioned above.
•
All of the QAQC data has been statistically assessed and if required a batch or a portion of the batch may be re-assayed. (no re-assays required for the data in the
release).
•
Verification of sampling and assaying.
Verification of
sampling and
assaying		 •
The verification of significant
intersections
by
either
independent
or
alternative
company personnel.
•
Documentation of primary data,
data entry procedures, data
verification,
data
storage
(physical
and
electronic)		 •
The lab routinely inserts analytical blanks, standards and duplicates into the client sample batches for laboratory QAQC performance monitoring.
•
GRL also inserted QAQC samples as mentioned above
•
All of the QAQC data has been statistically assessed. GRL has undertaken its own further review of QAQC results of the ALS routine standards. The results are considered
to be acceptable and suitable for reporting.
•
All data and logging were recorded directly into field laptops. Visual validation as well as numerical validation were completed by two or more geologists.
•
REE/RM oxides were calculated for all reported ICP-MS results. The oxides were calculated according to the following factors listed below:

Godolphin Resources

pg. 9

ASX ANNOUNCEMENT ASX ANNOUNCEMENT
Criteria JORC Code explanation Commentary
protocols.
•
Discuss any adjustment to assay
data.		 La2O3: 1.173 (i.e. ppm La x 1.1728 = ppm La2O3); CeO2: 1.2284; Pr6O11: 1.2082; Nd2O3: 1.1664; Sm2O3: 1.1596; Eu2O3: 1.1579; Gd2O3: 1.1526; Tb4O7:
1.1762; Dy2O3: 1.1477; Ho2O3: 1.1445; Er2O3: 1.1435; Tm2O3: 1.1421; Yb2O3: 1.1387; Lu2O3: 1.1371; Y2O3: 1.2699; Ga2O3: 1.3442; HfO2: 1.1793; Nb2O5:
1.4305; Rb2O: 1.0936; ZrO2: 1.3508
•
Total rare earth oxide is the industry standard and accepted form of reporting rare earth elements. TREO, TLREO, THREO as calculated as below
•
TREO (total rare earth oxide) = La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3
•
TLREO (total light rare earth oxide) = La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3
•
THREO (total heavy rare earth oxide) = Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3
Location of data
points		 •
Accuracy and quality of surveys
used to locate drill holes (collar
and
down-hole
surveys),
trenches, mine workings and
other locations used in Mineral
Resource estimation.		 •
A handheld GPS was used to locate the drilling, with an averaged waypoint measurement: accuracy of less than 5 m.
•
A DGPS was used after drilling to pick up the final collar location: accuracy of less than 0.77 m
•
Coordinates used are WGS84 and transformed into Map Grid of Australia 1994 Zone 55
•
Hole paths have been systematically surveyed at 6 m intervals by the drill contractor.
Data spacing and
distribution		 •
Data spacing for reporting of
Exploration Results.
•
Whether the data spacing and
distribution
is
sufficient
to
establish
the
degree
of
geological and grade continuity
appropriate for the Mineral
Resource and Ore Reserve
estimation procedure(s) and
classifications applied.
•
Whether sample compositing
has been applied.		 •
Early-stage drilling program for Narraburra. Target is broad disseminated flat lying mineralisation above fresh igneous rock, as a result the drill density for this program is
representative to indicate variability across the project area.
Orientation of data in
relation to geological
structure		 •
Whether the
orientation of
sampling achieves unbiased
sampling of possible structures
and the extent to which this is
known, considering the deposit
type.		 •
Mineralisation is interpreted to be in flat lying layers associated with weathering profiles of the underlying granite. Vertical orientation of the drillholes was deemed suitable
to target mineralisation of this style.
•
No significant bias is likely as a result of the pattern of intersection angles.
Sample security •
The measures taken to ensure
sample security.		 •
For the program, care has been taken to have standard procedures for sample processing. They have been simple and industry standard to avoid sample bias.
•
All samples were collected and accounted for by GRL employees/consultants during drilling. All logging was done by GRL personnel. All samples were bagged into
calico bags by GRL contractors under the instruction of GRL personnel.
•
GRL personnel or contractors were present at the drill rig daily during the drilling
•
Diamond Drill core was geotechnically logged at the drill rig prior to transportation, and collected from the site and taken to the GRL shed in Orange for further processing.
•
The appropriate manifest of sample numbers and a sample submission form containing laboratory instructions were submitted to the laboratory. Any discrepancies between
sample submissions and samples received are routinely followed up and accounted for.

Godolphin Resources

pg. 10

ASX ANNOUNCEMENT ASX ANNOUNCEMENT
Criteria JORC Code explanation Commentary
Audits or reviews •
The results of any audits or
reviews of sampling techniques
and data.		 •
Surveys, Assays, Geology, previous resource estimates were studied internally for factors likely to introduce bias, up or down.
•
No external audits have been done on this data.
•
An external review was conducted on this data by the Competent Person using core photographs and geological logs.

Godolphin Resources

pg. 11

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ASX ANNOUNCEMENT

Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status		 •
Type,
reference
name/number,
location
and
ownership including
agreements
or
material issues with
third parties such as
joint
ventures,
partnerships,
overriding royalties,
native title interests,
historical
sites,
wilderness
or
national park and
environmental
settings.
•
The security of the
tenure held at the
time
of
reporting
along with any known
impediments
to
obtaining a license to
operate in the area.		 Narraburra
•
The Narraburra rare earth and rare metals project is located 12km to the north east of the township of Temora in NSW and has an elevation approximately 315 m above sea-level.
•
The exploration rights to the project are granted via a JV agreement with EX9, a private entity.
•
Earn-in terms – two tranche agreement allows Godolphin to progress to 51% ownership with $1M exploration spend in the first two years of the JV agreement and 75% ownership
through an additional $2M in expenditure over the next two-year period
•
See ASX announcement by Godolphin Resources (ASX: GRL) on 2nd March 2022: “Godolphin Secures Farm-in on Advanced Rare Earth Element Project”
•
The Narraburra rare earth prospect, lies on Exploration License number 8420 and is held 100% by EX9.
•
The land is owned by private land holders northeast of the township of Temora
•
The security deposit paid by EX9 for EL8420 was $10,000.
Exploration
done by other
parties		 •
Acknowledgment
and
appraisal
of
exploration by other
parties.		 Narraburra
See ASX announcements by Godolphin Resources (ASX: GRL) on 2nd March 2022, and Capitol Mining Limited (ASX: CMY) on 9 November 2011
Previous exploration includes airborne magnetic surveys, re-processing of public Aster data, geological mapping, mineralogical studies, preliminary metallurgical test work, with irregular
wide-spaced RAB and RC drilling.
Geology •
Deposit
type,
geological
setting
and
style
of
mineralization.		 Narraburra
Geology
EL8420 is situated over part of the Narraburra Complex, comprising three suites of alkaline granite at the triple junction of the Tumut, Girilambone‐Goonumbla and Wagga Zones, central
southern New South Wales. EL8420 straddles the northern edge of the junction between the Gilmore Fault and the Parkes Thrust, both structures known for their relationship to precious
and base metal mineralisation.
The Narraburra rare earth element (REE) and rare metal (RM) mineralisation is hosted within the saprolite cap of highly fractionated Devonian alkaline and peralkaline granites.
Mineralisation occurs within these alkaline units as concentric bands, wrapping around the southern and western side of the largest sub-unit in the Narraburra complex, the Bodingerra
Granite.

Godolphin Resources

pg. 12

ASX ANNOUNCEMENT ASX ANNOUNCEMENT ASX ANNOUNCEMENT ASX ANNOUNCEMENT
Criteria JORC Code explanation Commentary
Drill hole
Information		 •
A summary of all
information material
to the understanding
of the exploration
results including a
tabulation
of
the
following information
for all Material drill
holes:		 Total drilling at Narraburra during this campaign was 1111.5 metres, comprising of:
•
27 diamond holes
•
Drill hole information for drill holes currentlyreported from this drillingispresented in the table below
Hole ID
Hole
Type
Lease ID
MGA55 East
MGA55 North
MGA_RL
Dip
MGA Azi
Depth m
GNBDD005
DD
EL8420
551216.205
6201875.116
329.38
-90
360
54.8
GNBDD006
DD
EL8420
551353.271
6202014.722
331.26
-90
360
92.7
GNBDD007
DD
EL8420
551311.818
6202274.288
325.71
-90
360
81.1
GNBDD008
DD
EL8420
550680.968
6202100.43
330.27
-90
360
12.7
GNBDD009
DD
EL8420
550894.971
6201893.96
325.72
-90
360
25.1
Data
aggregation
methods		 •
In
reporting
Exploration Results,
weighting averaging
techniques,
maximum
and/or
minimum
grade
truncations
(eg
cutting
of
high
grades) and cut-off
grades are usually
Material and should
be stated.
•
Where
aggregate
intercepts
incorporate
short
lengths of high grade
results and longer
lengths of low grade
results,
the
procedure used for
such
aggregation
should be stated and
some
typical
examples of such
aggregations should
be shown in detail.		 •
Weighted averages have been used for this announcement.
•
Oxide equivalents have been calculated as discussed above
•
A 500 ppm TREO lower cut-off grade has been applied to all reported grades and considers the geology and material types included in each mineralised interval. Dilution has been
kept to a minimum and only included where the grade carries.
•
A 50 ppm Hf, and Ga oxide lower cut-off grade has been applied to all reported grades. A 100 ppm Nb oxide lower cut-off grade has been applied to all reported grades. A 700 ppm
Zr oxide cut-off grade has been applied to all reported grades.
•
No top-cut has been applied.
Relationship
between
mineralization
widths and		 •
These relationships
are
particularly
important
in
the
reporting
of		 • The holes were drilled at an average of -90˚ declination (i.e. vertical)
• The mineralisation has been interpreted as relatively flat lying

Godolphin Resources

pg. 13

ASX ANNOUNCEMENT ASX ANNOUNCEMENT ASX ANNOUNCEMENT
Criteria JORC Code explanation Commentary
intercept
lengths		 Exploration Results.
•
If the geometry of the
mineralisation
with
respect to the drill
hole angle is known,
its nature should be
reported.
Diagrams •
Appropriate
maps
and sections (with
scales)
and
tabulations
of
intercepts should be
included
for
any
significant discovery
being reported These
should include, but
not be limited to a
plan view of drill hole
collar locations and
appropriate sectional
views.		 Diagrams pertaining to this drilling program can be found in the body of the attached announcement.
Balanced
reporting		 •
Where
comprehensive
reporting
of
all
Exploration Results
is not practicable,
representative
reporting of both low
and
high
grades
and/or widths should
be practiced to avoid
misleading reporting
of Results.		 •
These are results from the second round of drilling completed at Narraburra by GRL
•
All significant drill intercepts of mineralisation in these drill holes have been assayed and reported
Other
substantive
exploration
data		 •
Other
exploration
data, if meaningful
and material, should
be reported including
(but not limited to):
geological
observations;
geophysical survey		 See ASX announcements by Godolphin Resources (ASX: GRL) on 2nd March 2022, and Godolphin Resources (ASX:GRL) on 11thNovember 2022, and Capitol Mining Limited (ASX:
CMY) on 9 November 2011

Godolphin Resources

pg. 14

ASX ANNOUNCEMENT ASX ANNOUNCEMENT ASX ANNOUNCEMENT
Criteria JORC Code explanation Commentary
results; geochemical
survey results; bulk
samples – size and
method of treatment;
metallurgical
test
results; bulk density,
groundwater,
geotechnical
and
rock characteristics;
potential deleterious
or
contaminating
substances.
Further work •
The nature and scale
of planned further
work (eg tests for
lateral extensions or
depth extensions or
large-scale step-out
drilling).		 •
Assays for a further 22 diamond holes from the 27-diamond drill hole program are currently in progress
•
These further assay results are planned to be utilised to complete a JORC-2012 resource calculation
•
Further exploration activities are currently under assessment

Godolphin Resources

pg. 15

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

Appendix 2: Table of Drill sample results discussed in this ASX release. (Note: This is a complete list of samples, but not of all the elements. A complete list can be requested and supplied pending GRL Board approval).

GNBDD005 – Narraburra Prospect

SampleID **Type ** Hole_ID From_m To_m **Ce_ppm ** **Dy_ppm ** **Er_ppm ** **Eu_ppm ** **Gd_ppm ** **Ho_ppm ** **La_ppm ** **Lu_ppm ** **Nd_ppm ** **Pr_ppm **
GRD07846 DDH GNBDD005
0		 1 36.3 5.03 4.01 0.54 3.75 1.21 18.8 0.76 16.5 4.41
GRD07847 DDH GNBDD005
1		 2 31.8 6.12 4.72 0.47 4.25 1.42 17.8 0.86 15 4.14
GRD07848 DDH GNBDD005
3		 4 40.4 7.62 6 0.5 5.18 1.74 21.5 1.02 18.5 5.01
GRD07849 DDH GNBDD005
4		 5 55.2 11.75 7.71 0.65 8.24 2.47 26.9 0.99 26 7.1
GRD07850 DDH GNBDD005
5		 6 64.2 9.78 6.86 0.76 7.95 2.13 34.8 1.09 31.9 8.51
GRD07851 DDH GNBDD005
6		 7.25 15.8 5.39 5.29 0.23 3.45 1.47 12.4 0.94 8.3 2.33
GRD07852 DDH GNBDD005
7.25		 8.3 9.8 3.86 3.75 0.1 1.54 1.02 3 0.74 2.4 0.66
GRD07853 DDH GNBDD005
8.3		 9.2 11.6 4.48 4.07 0.16 1.91 1.09 2.7 0.76 2.8 0.69
GRD07854 DDH GNBDD005
9.2		 10.15 69.7 4.89 3.74 0.64 4.66 1.13 24.2 0.72 28.9 7.3
GRD07855 DDH GNBDD005
10.15		 11.25 18.2 3.45 3.16 0.18 1.88 0.87 3.6 0.65 4.2 1.12
GRD07856 DDH GNBDD005
11.25		 12.5 26.6 3.3 3.06 0.13 1.98 0.83 3.5 0.57 4.4 1.08
GRD07857 DDH GNBDD005
12.5		 13.5 14.2 3.09 3.12 0.09 1.3 0.8 2.3 0.72 2.3 0.53
GRD07858 DDH GNBDD005
13.5		 14.5 8.2 3.38 3.26 0.06 1.43 0.83 1.8 0.67 2 0.46
GRD07859 DDH GNBDD005
14.5		 15.55 10 3.03 2.84 0.06 1.41 0.75 0.9 0.6 1.3 0.31
GRD07860 DDH GNBDD005
15.55		 16.65 6.4 3.74 3.26 0.04 1.7 0.92 0.6 0.6 1 0.21
GRD07861 DDH GNBDD005
16.65		 17.6 4.4 6.48 5.49 0.06 3.16 1.6 0.7 0.89 1.2 0.26
GRD07862 DDH GNBDD005
17.6		 18.8 8.4 4.78 4.04 0.05 2.38 1.16 1.8 0.72 1.7 0.47
GRD07863 DDH GNBDD005
18.8		 19.8 133 9.18 6.42 0.48 7.24 1.94 45 1.08 35.1 10.5
GRD07864 DDH GNBDD005
19.8		 20.9 125 9.55 6.64 0.45 7.91 2 46 1.07 35.8 10.45
GRD07867 DDH GNBDD005
20.9		 21.9 120.5 12.35 8.16 0.53 9.71 2.54 46.6 1.32 37.3 10.45
GRD07868 DDH GNBDD005
21.9		 23 21.5 6.85 5.4 0.13 3.68 1.63 5.5 1.02 4.9 1.3
GRD07869 DDH GNBDD005
23		 24 22.8 6.76 5.59 0.1 3.68 1.62 4 0.99 3.8 0.9
GRD07870 DDH GNBDD005
24		 25 54.6 4.31 3.9 0.06 2.21 1.08 5.9 0.71 4.9 1.36
GRD07871 DDH GNBDD005
25		 26 36.7 5.2 4.13 0.12 2.83 1.2 9.1 0.75 7.1 1.86
GRD07872 DDH GNBDD005
26		 27 36.7 5.36 4.46 0.07 3.13 1.24 7.8 0.84 5.4 1.46
GRD07873 DDH GNBDD005
27		 28 43.8 7.05 5.69 0.15 4.1 1.66 10.2 1 8.4 2.21
GRD07874 DDH GNBDD005
28		 29 49.8 8.88 7.01 0.33 6.99 2.08 26.7 1.12 23.7 6.28
GRD07875 DDH GNBDD005
29		 30 51.6 6.21 5.32 0.16 3.91 1.54 11.8 0.98 9.7 2.6
GRD07876 DDH GNBDD005
30		 31 43.1 6.43 5.28 0.13 3.65 1.6 10.4 0.96 8.7 2.26
GRD07877 DDH GNBDD005
31		 32 46.4 6.3 5.43 0.1 3.75 1.61 9.8 0.86 8.5 2.19
GRD07878 DDH GNBDD005
32		 33 44.4 7.32 6 0.22 5.04 1.76 20.6 0.96 16.9 4.7
GRD07879 DDH GNBDD005
33		 34 29.2 8.5 6.66 0.34 6.2 2.02 29.3 1.06 23.4 6.35
GRD07880 DDH GNBDD005
34		 35 42.2 7.85 5.84 0.4 6.45 1.8 38 0.91 30.8 8.39
GRD07881 DDH GNBDD005
35		 36 21.7 7.18 5.85 0.26 5.34 1.7 31.5 0.98 24.5 6.74
GRD07882 DDH GNBDD005
36		 37 54 7.86 5.85 0.23 5.67 1.88 27.4 0.99 21.1 5.71
GRD07883 DDH GNBDD005
37		 38 54.4 7.61 5.92 0.27 5.67 1.81 28.6 0.98 23 6.08
GRD07884 DDH GNBDD005
38		 38.9 108 8.5 6.73 0.29 6.16 2.03 32 0.96 25 6.92
GRD07887 DDH GNBDD005
38.9		 40 506 9.79 8.06 0.31 6.65 2.33 34.8 1.28 27 7.55
GRD07888 DDH GNBDD005
40		 41 248 8.07 7.56 0.17 4.61 1.98 16 1.24 13 3.63
GRD07889 DDH GNBDD005
41		 42 1360 8.3 7.47 0.24 4.88 2.12 15.4 1.19 13.4 3.52
GRD07890 DDH GNBDD005
42		 43 1040 10.55 8.91 0.42 7.53 2.62 30.1 1.36 24.8 6.77
GRD07891 DDH GNBDD005
43		 44 1125 12.4 10.1 0.43 7.7 2.97 27.6 1.64 24.9 7.06
GRD07892 DDH GNBDD005
44		 45 1125 13.7 10.85 0.46 9 3.26 34.9 1.78 31.6 9.27
GRD07893 DDH GNBDD005
45		 46 284 16.25 11.95 0.74 12.05 3.64 73.4 1.9 60.7 17.35
GRD07894 DDH GNBDD005
46		 46.7 86.9 13.8 9.02 0.95 13.6 2.87 105.5 1.36 88.7 25.6
GRD07895 DDH GNBDD005
46.7		 48 82.3 9.64 6.98 0.53 8.31 2.25 50.1 1.15 40 11.6
GRD07896 DDH GNBDD005
48		 48.85 72.8 9.91 7.24 0.52 8.39 2.09 50.8 1.13 42.6 12.15
GRD07897 DDH GNBDD005
48.85		 49.85 66.4 9.68 7.25 0.51 8.17 2.11 48.2 1.2 39.2 11
GRD07898 DDH GNBDD005
49.85		 51 70.1 11.45 8.08 0.66 10.15 2.55 66.8 1.26 52.4 14.65
GRD07899 DDH GNBDD005
51		 52 70.8 9.22 6.78 0.45 7.78 2.08 44.9 1.14 36 10.1
GRD07900 DDH GNBDD005
52		 53 79.7 8.79 6.88 0.35 7.31 2.11 42.4 1.04 33.8 9.1
GRD07901 DDH GNBDD005
53		 53.85 72.7 8.4 6.02 0.42 6.98 1.79 38.7 0.96 31.3 8.5
GRD07902 DDH GNBDD005
53.85		 54.8 78.6 8.61 6.11 0.3 7.16 1.94 38.7 0.97 29.8 8.64

GNBDD005 continued – Narraburra Prospect

SampleID **Type ** Hole_ID From_m To_m **Y_ppm ** **Yb_ppm ** **Ga_ppm ** **Hf_ppm ** **Nb_ppm ** **Rb_ppm ** **Zr_ppm **
GRD07846
DDH		 GNBDD005
0		 1 33.7 5.26 12.3 18.95 19 118 665
GRD07847
DDH		 GNBDD005
1		 2 37.2 5.39 14.2 18.6 24.9 129.5 627
GRD07848
DDH		 GNBDD005
3		 4 46.9 6.79 17.8 20.2 32.6 146.5 664
GRD07849
DDH		 GNBDD005
4		 5 64.4 7.25 16.6 15.15 38.9 104 495
GRD07850
DDH		 GNBDD005
5		 6 62.4 7.14 16.6 17.05 27.4 58.2 519
GRD07851
DDH		 GNBDD005
6		 7.25 43.1 6.55 30 19.5 46.9 28.5 557
GRD07852
DDH		 GNBDD005
7.25		 8.3 28.8 5.1 29.2 18.7 49.4 9.7 504
GRD07853
DDH		 GNBDD005
8.3		 9.2 28.5 5.24 31.3 20.8 55.3 6.1 567
GRD07854
DDH		 GNBDD005
9.2		 10.15 30.1 4.38 24 14.4 35.2 4.8 416
GRD07855
DDH		 GNBDD005
10.15		 11.25 23.1 3.91 25.1 13.15 33.9 5.3 395
GRD07856
DDH		 GNBDD005
11.25		 12.5 25.3 4.13 24.9 15.75 33.1 8.8 453
GRD07857
DDH		 GNBDD005
12.5		 13.5 21.2 4.33 25 17.8 33.2 3.6 509
GRD07858
DDH		 GNBDD005
13.5		 14.5 23.1 4.56 32.5 14.85 41.6 3.6 434
GRD07859
DDH		 GNBDD005
14.5		 15.55 21.7 3.62 29.7 11.35 29.8 2.9 304
GRD07860
DDH		 GNBDD005
15.55		 16.65 26.9 4.23 28.3 8.03 20.4 3 211
GRD07861
DDH		 GNBDD005
16.65		 17.6 47.3 6.51 29.3 7.33 22 4.9 191
GRD07862
DDH		 GNBDD005
17.6		 18.8 34.2 4.77 27.1 6.81 21.3 4.1 180

Godolphin Resources

pg. 16

==> picture [21 x 21] intentionally omitted <==

ASX ANNOUNCEMENT

GRD07863
DDH
GNBDD005
18.8		 19.8 56.6 7.04 29.1 8.67 25.2 6.4 228
GRD07864
DDH
GNBDD005
19.8		 20.9 60.3 7.14 26.1 7.54 23.7 5.7 195
GRD07867
DDH
GNBDD005
20.9		 21.9 77.3 9.01 28.8 8.16 27.1 6.2 211
GRD07868
DDH
GNBDD005
21.9		 23 47.9 6.71 23.8 6.73 20.8 4.7 180
GRD07869
DDH
GNBDD005
23		 24 48.3 6.59 23 6.27 20.4 4.7 165
GRD07870
DDH
GNBDD005
24		 25 31.2 4.59 22.7 6.39 19.75 5 163
GRD07871
DDH
GNBDD005
25		 26 37.1 5.19 24.9 7.69 24.5 5.5 189
GRD07872
DDH
GNBDD005
26		 27 38.5 5.19 24.7 6.72 24 4.7 174
GRD07873
DDH
GNBDD005
27		 28 51.9 6.9 28 7.82 27.5 5.2 209
GRD07874
DDH
GNBDD005
28		 29 64.4 7.76 30.2 8.12 29.6 6.6 218
GRD07875
DDH
GNBDD005
29		 30 49.8 6.08 26 6.94 25 7.1 188
GRD07876
DDH
GNBDD005
30		 31 50.7 6.09 26 6.86 25 6.1 181
GRD07877
DDH
GNBDD005
31		 32 52.3 6.04 26.1 7.05 24.8 5.4 196
GRD07878
DDH
GNBDD005
32		 33 57.2 6.58 25.6 6.86 23.4 4.4 186
GRD07879
DDH
GNBDD005
33		 34 64.8 6.77 25.6 6.61 21.5 4.5 174
GRD07880
DDH
GNBDD005
34		 35 59.2 6.24 24.4 6.74 21.6 4.7 184
GRD07881
DDH
GNBDD005
35		 36 56.1 6.5 24.4 7.19 21.9 7.5 192
GRD07882
DDH
GNBDD005
36		 37 59.9 6.7 24.1 7.17 22.4 9.4 184
GRD07883
DDH
GNBDD005
37		 38 59 6.49 23.2 6.41 19.3 12.5 174
GRD07884
DDH
GNBDD005
38		 38.9 66.2 6.91 24.5 6.67 20.6 22.2 178
GRD07887
DDH
GNBDD005
38.9		 40 80.3 8.71 23.9 7.07 21.7 20.8 180
GRD07888
DDH
GNBDD005
40		 41 72.2 8.58 24.4 6.64 21.5 76.4 160
GRD07889
DDH
GNBDD005
41		 42 72 8.47 22.2 6.79 21.8 205 163
GRD07890
DDH
GNBDD005
42		 43 89.1 9.43 21.3 5.81 19.85 222 159
GRD07891
DDH
GNBDD005
43		 44 98.9 11.15 20.6 6.09 18.35 217 156
GRD07892
DDH
GNBDD005
44		 45 106 12.5 21.5 6.25 20.1 240 160
GRD07893
DDH
GNBDD005
45		 46 116.5 13.35 20.9 6.18 19.4 220 158
GRD07894
DDH
GNBDD005
46		 46.7 85.7 9.45 19 5.44 17.7 202 142
GRD07895
DDH
GNBDD005
46.7		 48 65.1 7.99 18.2 5.26 16.2 202 137
GRD07896
DDH
GNBDD005
48		 48.85 61.7 7.86 17.6 4.52 15.15 185.5 119
GRD07897
DDH
GNBDD005
48.85		 49.85 64.9 8.11 18.3 5.14 16 199.5 127
GRD07898
DDH
GNBDD005
49.85		 51 72.3 9.02 19.4 5.72 18.3 209 145
GRD07899
DDH
GNBDD005
51		 52 61.5 7.68 17.9 4.96 16.3 203 132
GRD07900
DDH
GNBDD005
52		 53 64.9 7.17 17.8 5.67 15.6 199 139
GRD07901
DDH
GNBDD005
53		 53.85 59 6.52 18.3 5.65 16.35 200 140
GRD07902
DDH
GNBDD005
53.85		 54.8 61.3 6.99 18.3 5.68 18.6 196 136

Godolphin Resources

pg. 17

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

==> picture [457 x 676] intentionally omitted <==

----- Start of picture text -----

GNBDD006 – Narraburra Prospect
SampleID Type Hole_ID From_m To_m Ce_ppm Dy_ppm Er_ppm Eu_ppm Gd_ppm Ho_ppm La_ppm Lu_ppm Nd_ppm Pr_ppm
GRD07904 DDH GNBDD006 0 1 33.8 4.85 4.41 0.4 3.04 1.18 17 0.85 13.6 3.83
GRD07905 DDH GNBDD006 1 2 33.7 4.76 3.8 0.54 3.57 1.1 19.5 0.58 16 4.11
GRD07906 DDH GNBDD006 2 3 128.5 10.25 6.25 1.3 7.99 2.1 37.4 1.06 36 9.61
GRD07907 DDH GNBDD006 3 4 148.5 20.7 13.15 2.76 21.1 4.36 81.1 1.67 86.4 21.6
GRD07908 DDH GNBDD006 4 5 88.8 10.55 7.63 1.15 8.64 2.44 37.2 1.28 38.3 10
GRD07909 DDH GNBDD006 5 6 75.6 13.25 10.15 1.14 9.22 3.01 28.9 1.64 33.8 8.75
GRD07910B DDH GNBDD006 6 7 49.8 9.26 7.45 0.54 5.51 2.16 13.7 1.22 16.7 4.08
GRD07911 DDH GNBDD006 7 8 9.4 4.7 4.64 0.08 1.65 1.25 2.8 0.84 2.7 0.64
GRD07912 DDH GNBDD006 8 9 23.6 5.04 4.89 0.1 1.79 1.28 3 0.89 2.3 0.61
GRD07913 DDH GNBDD006 9 10 7.5 5.51 5.14 0.14 1.86 1.44 2.1 0.96 2.2 0.51
GRD07914 DDH GNBDD006 10 11 6.4 5.01 4.77 0.12 1.8 1.34 1.7 0.89 1.6 0.44
GRD07915 DDH GNBDD006 11 13 7.9 5.15 5.02 0.12 1.48 1.3 2.5 0.94 2.1 0.51
GRD07916 DDH GNBDD006 13 15 15.2 4.58 4.63 0.06 1.38 1.21 1.8 0.95 1.3 0.39
GRD07917 DDH GNBDD006 15 16 15.5 4.68 4.93 0.06 1.46 1.3 1.3 1 1.3 0.36
GRD07918 DDH GNBDD006 16 17 10.9 5.08 4.83 0.06 1.46 1.3 1.7 1.02 1.3 0.36
GRD07919 DDH GNBDD006 17 18 20.7 5.54 5.62 0.09 1.5 1.46 1.7 1.22 1.4 0.41
GRD07920 DDH GNBDD006 18 19 22.8 7.14 7.5 0.08 2.01 1.94 2.6 1.53 2 0.53
GRD07921 DDH GNBDD006 19 20 29.3 7.46 7.73 0.07 2.19 2.02 2.6 1.57 2 0.58
GRD07922 DDH GNBDD006 20 21 20.2 5.91 5.72 0.05 1.86 1.56 1.1 0.95 1.6 0.37
GRD07925 DDH GNBDD006 21 22 138.5 5.49 5.63 0.05 1.59 1.46 1.1 1.07 1.6 0.33
GRD07926 DDH GNBDD006 22 23 689 6.74 6.27 0.09 1.87 1.76 1 1.06 2.1 0.54
GRD07927 DDH GNBDD006 23 24 375 5.91 5.8 0.08 1.84 1.58 1.1 0.91 1.5 0.38
GRD07928 DDH GNBDD006 24 25 28.6 6.77 6.09 0.11 3.3 1.7 8.2 0.89 6.4 1.81
GRD07929 DDH GNBDD006 25 26 30.3 6.84 6.48 0.1 2.78 1.89 8.6 0.76 6.7 1.82
GRD07930 DDH GNBDD006 26 27 97 7.88 6.09 0.31 5.15 1.82 28.5 0.85 23.5 6.56
GRD07931 DDH GNBDD006 27 28 65.9 7.55 5.64 0.28 5.3 1.76 29 0.86 21.9 6.33
GRD07932 DDH GNBDD006 28 29 52.2 7.77 6.1 0.23 5.14 1.78 23.9 0.95 19.4 5.4
GRD07933 DDH GNBDD006 29 30 91.5 13.3 8.87 0.51 11.05 2.87 48.1 1.23 42.1 11.1
GRD07934 DDH GNBDD006 30 31 99.2 10.15 7.92 0.28 6.51 2.34 24.9 1.25 21.4 5.57
GRD07935 DDH GNBDD006 31 32 53.6 9.05 7.99 0.19 5.22 2.29 18.6 1.38 14.4 3.82
GRD07936 DDH GNBDD006 32 33 67.7 8.91 7.97 0.21 5.52 2.24 23.7 1.49 17.4 4.67
GRD07937 DDH GNBDD006 33 34 41 8.87 7.84 0.15 4.81 2.27 17.9 1.46 12.9 3.38
GRD07938 DDH GNBDD006 34 35 58.2 8.77 8.36 0.15 4.39 2.28 11 1.58 9.5 2.28
GRD07939 DDH GNBDD006 35 36 32.2 8.61 8.32 0.1 3.72 2.25 8.4 1.59 7 1.68
GRD07940 DDH GNBDD006 36 37 25.8 12.9 10.5 0.29 8.52 3.18 25.9 1.88 23.4 5.84
GRD07941 DDH GNBDD006 37 38 24.1 20.1 14.45 0.55 14.9 4.49 46.2 2.43 43.7 11
GRD07942 DDH GNBDD006 38 40 19.3 10.45 8.74 0.23 6.28 2.58 18 1.76 15.6 4.16
GRD07945 DDH GNBDD006 40 41 22.9 7.95 7.96 0.11 3.23 2.13 8 1.68 7.4 1.76
GRD07946 DDH GNBDD006 41 42 28.9 7.13 7.93 0.1 2.4 2.07 4.7 1.74 4 1.01
GRD07947 DDH GNBDD006 42 42.8 24.4 9.15 9.85 0.15 3.97 2.46 8.9 2.12 7.8 1.98
GRD07948 DDH GNBDD006 42.8 43.8 10.9 10.4 10.85 0.17 5.05 2.83 13.9 2.16 12.7 3.3
GRD07949 DDH GNBDD006 43.8 44.7 33 9.41 8.84 0.12 4.36 2.36 6.7 1.7 6.3 1.41
GRD07950 DDH GNBDD006 44.7 45.8 25.5 15.25 10.9 0.29 10.55 3.45 21.2 1.66 19.4 4.72
GRD07951 DDH GNBDD006 45.8 46.9 25.3 9.69 9.09 0.18 5.29 2.43 19.3 1.68 16.5 4.4
GRD07952 DDH GNBDD006 46.9 48.2 18.8 10.65 9.37 0.27 6.2 2.57 29.9 1.66 25 6.69
GRD07953 DDH GNBDD006 48.2 49 65.8 15.95 11.95 0.68 13.15 3.49 71.3 1.74 63.3 17.6
GRD07954 DDH GNBDD006 49 50 52.9 10.1 9.36 0.3 5.83 2.48 26 1.64 22.3 6.15
GRD07955 DDH GNBDD006 50 51 206 10.9 10.8 0.24 5.19 2.86 17.3 1.92 15 3.82
GRD07956 DDH GNBDD006 51 52 457 15.95 14.05 0.47 9.57 3.97 45.2 2.25 39.8 11.05
GRD07957 DDH GNBDD006 52 53 539 24.3 17.6 0.94 17.65 5.4 91 2.35 77.9 22.3
GRD07958 DDH GNBDD006 53 54 183 23.2 16.05 0.93 17.45 5.08 90 2.19 76.9 21.4
GRD07959 DDH GNBDD006 54 55 201 17.15 13.45 0.76 12.2 3.92 72.6 1.92 60.6 16.9
GRD07960 DDH GNBDD006 55 56 144 21.6 16.05 1.07 17.3 4.93 105 2.2 87.3 24.8
GRD07961 DDH GNBDD006 56 57 110 19.1 14.05 0.96 15.25 4.11 98.5 1.84 76.9 22.2
GRD07962 DDH GNBDD006 57 58 92.3 22 14.45 1.08 18.9 4.67 117 1.9 93.3 26
GRD07965 DDH GNBDD006 58 59 95.2 18 13.2 0.88 13.9 4 94.5 1.88 72.9 21
GRD07966 DDH GNBDD006 59 60 69.6 19.3 14.45 0.94 15.05 4.28 95.7 2.03 77.9 21.3
GRD07967 DDH GNBDD006 60 61 88.2 27.7 16.25 1.72 26.8 5.46 176.5 2.08 139 39.5
GRD07968 DDH GNBDD006 61 62 85.2 19.25 14.05 0.94 15.45 4.26 99.2 2.01 76.2 21.9
GRD07969 DDH GNBDD006 62 63 90.2 17.35 13.1 0.9 13.65 3.84 94.5 1.88 71.6 20.3
GRD07970 DDH GNBDD006 63 64 82.4 18.85 12.9 1.03 15.65 4.02 101.5 1.86 79 22.5
GRD07971 DDH GNBDD006 64 65 95.1 17.65 13.9 0.93 14.05 4 90.5 2.02 70.2 19.4
GRD07972 DDH GNBDD006 65 66 78.6 19.3 13.9 1.12 15.85 4.25 111.5 1.91 86.5 24.4
GRD07973 DDH GNBDD006 66 67 101.5 22.6 16.25 1.23 19.45 4.98 121.5 2.13 91.2 25.5
GRD07974 DDH GNBDD006 67 68 67.9 24.3 16.3 1.54 21.5 5.16 146.5 2.07 115.5 32.3
GRD07975 DDH GNBDD006 68 69 92.4 22.2 16.65 1.12 17.2 4.97 111 2.21 85.3 24.1
GRD07976 DDH GNBDD006 69 70 70.3 20.4 13.1 1.26 17.8 4.31 113 1.65 86.8 23.8
GRD07977 DDH GNBDD006 70 71 63.7 21.2 13.2 1.33 19.55 4.46 119.5 1.54 92.9 25.2
GRD07978 DDH GNBDD006 71 72 73 19.5 13.25 1.19 17.75 4.31 106.5 1.68 81.9 22.7
GRD07979 DDH GNBDD006 72 73 66.1 15.25 11.35 0.8 12.3 3.31 76.7 1.46 58.6 16.6
GRD07980 DDH GNBDD006 73 74 49.3 13.9 10.15 0.84 11.4 3.1 68.5 1.24 52.8 15
GRD07981 DDH GNBDD006 74 75 45.1 11.6 8.53 0.65 9 2.61 56.6 1.17 43.1 12.15
GRD07982 DDH GNBDD006 75 76 58.5 13.3 10.2 0.69 10.35 3.1 65.1 1.37 49.4 14.25
GRD07985 DDH GNBDD006 76 77 46.8 11.15 8.3 0.61 8.61 2.59 54 1.14 39.3 11.5
GRD07986 DDH GNBDD006 77 78 50.4 10.9 8.64 0.63 9 2.59 56.4 1.12 42.7 12
GRD07987 DDH GNBDD006 78 79 62.7 9.51 7.57 0.53 7.01 2.24 43.7 1 32.5 9.26
GRD07988 DDH GNBDD006 79 80 62.4 9.71 7.69 0.57 6.59 2.31 40.2 1 29.5 8.62
GRD07989 DDH GNBDD006 80 81 59.9 9.66 7.31 0.54 6.39 2.14 39.9 0.98 29.9 8.36
GRD07990 DDH GNBDD006 81 82 41.3 7.85 6.2 0.49 5.75 1.76 42.2 0.77 30.4 8.66
----- End of picture text -----

Godolphin Resources

pg. 18

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

GNBDD006 continued – Narraburra Prospect

SampleID **Type ** Hole_ID From_m To_m **Ce_ppm ** **Dy_ppm ** **Er_ppm ** **Eu_ppm ** **Gd_ppm ** **Ho_ppm ** **La_ppm ** **Lu_ppm ** **Nd_ppm ** **Pr_ppm **
GRD07991 DDH GNBDD006 82 83 56.7 8.6 6.4 0.44 6.13 1.92 37.6 0.85 27.4 8.33
GRD07992 DDH GNBDD006 83 84 58.3 8.12 6.32 0.42 5.84 1.88 35.1 0.88 26.9 7.53
GRD07993 DDH GNBDD006 84 85 58.2 8 6.12 0.37 5.36 1.78 30.7 0.82 22.6 6.56
GRD07994 DDH GNBDD006 85 86 61.9 6.44 4.68 0.33 4.58 1.4 29.8 0.65 23 6.54
GRD07995 DDH GNBDD006 86 87 59.1 7.24 5.57 0.42 5.15 1.7 33.2 0.82 24.8 7.17
GRD07996 DDH GNBDD006 87 88 61.4 7.39 5.56 0.45 5.21 1.64 32 0.77 23.3 6.91
GRD07997 DDH GNBDD006 88 89 47.9 6.5 4.84 0.48 5.12 1.48 35.5 0.68 25.4 7.51
GRD07998 DDH GNBDD006 89 90 65.9 7.72 5.3 0.46 6.23 1.61 41.6 0.79 30.8 8.85
GRD07999 DDH GNBDD006 90 91 71.6 8.35 5.72 0.4 6.57 1.83 40.2 0.87 31.1 8.75
GRD08000 DDH GNBDD006 91 92 65.5 6.1 4.5 0.43 4.93 1.36 34.2 0.68 23.8 7.12
GRD08001 DDH GNBDD006 92 92.7 80.3 6.72 4.75 0.41 5.3 1.44 37.3 0.72 27.1 7.85

Godolphin Resources

pg. 19

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

GNBDD006 GNBDD006 GNBDD006 continued– Narraburra Prospect continued– Narraburra Prospect continued– Narraburra Prospect continued– Narraburra Prospect continued– Narraburra Prospect
SampleID **Type ** Hole_ID From_m To_m **Y_ppm ** **Yb_ppm ** **Ga_ppm ** **Hf_ppm ** **Nb_ppm ** **Rb_ppm ** **Zr_ppm **
GRD07904 DDH GNBDD006 0 1 33.1 5.74 9.8 24.3 20.6 115.5 824
GRD07905 DDH GNBDD006 1 2 29.9 4.12 24.2 13.3 23.9 129 410
GRD07906 DDH GNBDD006 2 3 55.1 7.65 27.7 12.3 26.3 138 395
GRD07907 DDH GNBDD006 3 4 121 12.05 18.7 17 24.3 108.5 525
GRD07908 DDH GNBDD006 4 5 64.2 8.84 15.8 21 26.4 112.5 675
GRD07909 DDH GNBDD006 5 6 82.8 11.3 22.1 30.5 39.2 162.5 928
GRD07910B DDH GNBDD006 6 7 57 8.78 28.9 28.1 51.4 84.7 793
GRD07911 DDH GNBDD006 7 8 32 5.75 36.3 26.7 65.7 5.3 717
GRD07912 DDH GNBDD006 8 9 34.7 6.25 39.4 29.3 72 6 742
GRD07913 DDH GNBDD006 9 10 38.9 6.3 40.4 27.4 80.4 8.6 783
GRD07914 DDH GNBDD006 10 11 35.4 6.21 40 25.1 74.6 6.1 704
GRD07915 DDH GNBDD006 11 13 35.8 6.62 39 26.2 74 5.4 740
GRD07916 DDH GNBDD006 13 15 32.6 6.38 29.8 28.1 63.1 3.1 798
GRD07917 DDH GNBDD006 15 16 33 6.84 30 29.1 65.7 2.9 804
GRD07918 DDH GNBDD006 16 17 36.4 6.97 32 28.2 71.9 3 782
GRD07919 DDH GNBDD006 17 18 41.6 7.63 29.7 32.7 66.8 3.4 881
GRD07920 DDH GNBDD006 18 19 58.9 10.65 32.3 46.2 83.1 3.3 1275
GRD07921 DDH GNBDD006 19 20 66 10.25 40.1 46.5 89.4 3 1200
GRD07922 DDH GNBDD006 20 21 57.5 6.19 36.1 25 70.5 2.1 709
GRD07925 DDH GNBDD006 21 22 54.6 6.63 31.2 23 56.2 2.5 645
GRD07926 DDH GNBDD006 22 23 57.3 7.12 29.1 18.55 50.4 2.5 538
GRD07927 DDH GNBDD006 23 24 54.2 6.04 32.1 14.25 41 3.3 412
GRD07928 DDH GNBDD006 24 25 62.3 6.18 33 8.16 29 3.3 222
GRD07929 DDH GNBDD006 25 26 63.4 5.32 24.8 7.56 24.4 1.9 217
GRD07930 DDH GNBDD006 26 27 61 5.67 21.4 7.1 20 3.3 197
GRD07931 DDH GNBDD006 27 28 58.4 5.88 24.2 7.1 21.8 6.5 192
GRD07932 DDH GNBDD006 28 29 60.3 6.43 21.5 7.11 20.9 6.7 202
GRD07933 DDH GNBDD006 29 30 92.7 8.7 21.9 6.53 23.2 9.6 177
GRD07934 DDH GNBDD006 30 31 76.5 8.64 26.2 6.77 23 7.6 179
GRD07935 DDH GNBDD006 31 32 75.8 9.29 26 6.19 22.5 6.4 173
GRD07936 DDH GNBDD006 32 33 74.5 9.7 25.5 7 22.7 7 195
GRD07937 DDH GNBDD006 33 34 72.1 9.39 26.3 6.46 22.5 7.3 181
GRD07938 DDH GNBDD006 34 35 74.8 10.65 24.4 6.77 22.7 7 191
GRD07939 DDH GNBDD006 35 36 75.4 10.8 24.7 5.99 20.5 6.4 180
GRD07940 DDH GNBDD006 36 37 99.4 12 24.8 7.01 22.6 7.4 202
GRD07941 DDH GNBDD006 37 38 136 16 29.4 8.57 27.6 10.4 239
GRD07942 DDH GNBDD006 38 40 81.1 11.15 23.9 6.51 22 9.3 179
GRD07945 DDH GNBDD006 40 41 69.1 10.85 24.5 6.59 21.4 7.8 180
GRD07946 DDH GNBDD006 41 42 68 10.95 23 6.23 19.55 6.8 168
GRD07947 DDH GNBDD006 42 42.8 82.1 13.65 24 6.59 19.35 7.7 181
GRD07948 DDH GNBDD006 42.8 43.8 88.9 13.65 24.9 6.55 20.1 7.1 167
GRD07949 DDH GNBDD006 43.8 44.7 76.6 11.2 23.5 6.45 19.4 8.7 184
GRD07950 DDH GNBDD006 44.7 45.8 104 11.45 22.5 6.61 18.8 10 180
GRD07951 DDH GNBDD006 45.8 46.9 79.5 11.3 22.7 6.42 18.95 11.4 176
GRD07952 DDH GNBDD006 46.9 48.2 83.2 11.7 23.4 6.52 18.45 12.2 178
GRD07953 DDH GNBDD006 48.2 49 104 12.9 22.6 6.86 19.05 8.2 192
GRD07954 DDH GNBDD006 49 50 79 11.55 21.1 5.57 15.85 10.2 164
GRD07955 DDH GNBDD006 50 51 90 13.6 22.5 6.12 18 12.2 168
GRD07956 DDH GNBDD006 51 52 119.5 16.35 21.8 6.06 17.25 22.6 170
GRD07957 DDH GNBDD006 52 53 162 18.45 22.1 6.62 19.9 66.4 176
GRD07958 DDH GNBDD006 53 54 154 16.35 21.6 6.16 17.35 78.8 176
GRD07959 DDH GNBDD006 54 55 121 14.05 20.4 5.69 16.95 90.4 168
GRD07960 DDH GNBDD006 55 56 146.5 16.5 20 5.84 15.55 122.5 171
GRD07961 DDH GNBDD006 56 57 128 13.95 19.6 5.6 14.25 139 158
GRD07962 DDH GNBDD006 57 58 143 14.5 20.6 6.02 15.45 177 162
GRD07965 DDH GNBDD006 58 59 125 13.8 19.2 5.15 15.3 160 146
GRD07966 DDH GNBDD006 59 60 141 14.7 18.6 5.09 14.95 178.5 142
GRD07967 DDH GNBDD006 60 61 158.5 15.25 19.8 5.72 15.55 248 158
GRD07968 DDH GNBDD006 61 62 128.5 14.6 19.4 5.75 17.25 199 158
GRD07969 DDH GNBDD006 62 63 120.5 14.25 18.6 5.9 16.25 187 160
GRD07970 DDH GNBDD006 63 64 121.5 13.25 18.2 5.21 14.7 184.5 143
GRD07971 DDH GNBDD006 64 65 127.5 14.85 19 5.39 14.7 190.5 153
GRD07972 DDH GNBDD006 65 66 132.5 13.75 19.2 5.63 15.75 191 158
GRD07973 DDH GNBDD006 66 67 162.5 15.35 18.5 5.44 14.3 187 147
GRD07974 DDH GNBDD006 67 68 161 15.4 19.4 5.11 15.5 212 146
GRD07975 DDH GNBDD006 68 69 164 16.25 18.2 5.08 14.4 193.5 145
GRD07976 DDH GNBDD006 69 70 132 12.3 17.6 5.03 14.45 197 138
GRD07977 DDH GNBDD006 70 71 138.5 12 17.3 4.93 13.65 190.5 137
GRD07978 DDH GNBDD006 71 72 135.5 11.85 18 5.15 14.65 185 142
GRD07979 DDH GNBDD006 72 73 113.5 10.8 16.7 5.01 14.5 173.5 138
GRD07980 DDH GNBDD006 73 74 106 9.52 15.8 4.29 12.15 178.5 123
GRD07981 DDH GNBDD006 74 75 91 7.96 17 5.32 15.35 183.5 143
GRD07982 DDH GNBDD006 75 76 106.5 9.45 16.1 4.64 14 178.5 136
GRD07985 DDH GNBDD006 76 77 87.3 7.62 16.2 4.19 13.25 178 118
GRD07986 DDH GNBDD006 77 78 92.4 7.91 16.7 4.49 13.8 172.5 125
GRD07987 DDH GNBDD006 78 79 83.2 6.93 16.6 4.45 12.55 175.5 132
GRD07988 DDH GNBDD006 79 80 82.4 7.38 16.4 4.55 12.85 167.5 133
GRD07989 DDH GNBDD006 80 81 81.2 6.57 15.8 4.49 11.75 158 134
GRD07990 DDH GNBDD006 81 82 68.5 5.67 15.4 4.51 11.95 157.5 138

Godolphin Resources

pg. 20

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

GNBDD006 continued – Narraburra Prospect

SampleID **Type ** Hole_ID From_m To_m **Y_ppm ** **Yb_ppm ** **Ga_ppm ** **Hf_ppm ** **Nb_ppm ** **Rb_ppm ** **Zr_ppm **
GRD07991 DDH GNBDD006 82 83 72.5 6.06 15.6 4.58 13.05 156.5 135
GRD07992 DDH GNBDD006 83 84 71.7 6.24 15.2 4.58 11.65 154 143
GRD07993 DDH GNBDD006 84 85 65.8 5.73 15.2 4.45 12.65 163.5 133
GRD07994 DDH GNBDD006 85 86 51.2 4.75 15.3 3.9 11.6 169 111
GRD07995 DDH GNBDD006 86 87 60.6 5.4 15.2 4.24 12.55 159.5 126
GRD07996 DDH GNBDD006 87 88 59.9 5.49 15.2 4.41 11.75 163 127
GRD07997 DDH GNBDD006 88 89 50.8 4.8 16.2 4.64 12.05 165.5 140
GRD07998 DDH GNBDD006 89 90 54.3 5.21 16.7 4.48 11.45 168 141
GRD07999 DDH GNBDD006 90 91 57.6 5.8 15.2 4.75 13 145.5 131
GRD08000 DDH GNBDD006 91 92 46.3 4.45 14.7 4.27 11.2 139.5 127
GRD08001 DDH GNBDD006 92 92.7 48.6 4.61 16.7 4.49 11.55 150 133

Godolphin Resources

pg. 21

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

==> picture [453 x 692] intentionally omitted <==

----- Start of picture text -----

GNBDD007 – Narraburra Prospect
SampleID Type Hole_ID From_m To_m Ce_ppm Dy_ppm Er_ppm Eu_ppm Gd_ppm Ho_ppm La_ppm Lu_ppm Nd_ppm Pr_ppm
GRD08003 DDH GNBDD007 0 1 29.4 5.06 4.32 0.38 3.01 1.25 14.2 0.86 12.4 3.34
GRD08004 DDH GNBDD007 1 2 30.2 5.22 4.46 0.38 3.26 1.28 15.6 0.82 13.3 3.5
GRD08005 DDH GNBDD007 2 3 83.7 10.1 7.08 0.91 8.33 2.19 40.9 1.32 37.9 10.5
GRD08006 DDH GNBDD007 3 4.25 118.5 14 10.05 1.21 12.35 3.06 53.6 1.76 53.7 13.9
GRD08007 DDH GNBDD007 4.25 5.3 24.5 7.64 6.91 0.35 4.45 1.99 10.7 1.24 11.1 2.9
GRD08008 DDH GNBDD007 5.3 6.1 10.6 5.28 5.07 0.11 1.97 1.4 4 1.05 3.5 0.81
GRD08009 DDH GNBDD007 6.1 7.2 9.7 5.36 4.82 0.1 1.8 1.37 2.8 0.84 2.7 0.7
GRD08010 DDH GNBDD007 7.2 8.2 8.2 5.57 5.29 0.16 1.9 1.46 2.9 0.93 2.6 0.73
GRD08011 DDH GNBDD007 8.2 9.05 9.2 5.79 5.95 0.12 1.96 1.6 3 1.12 2.3 0.66
GRD08012 DDH GNBDD007 9.05 10 8.3 5.63 5.64 0.06 1.89 1.58 2.2 1.18 2.2 0.54
GRD08013 DDH GNBDD007 10 11 8.7 5.34 5.15 0.09 1.9 1.44 1.9 0.98 2 0.55
GRD08014 DDH GNBDD007 11 12 12.4 4.99 4.93 0.07 1.7 1.36 2.5 1.09 2.2 0.59
GRD08015 DDH GNBDD007 12 13 14.4 5.12 5.13 0.09 1.56 1.31 1.6 1.01 1.8 0.44
GRD08016 DDH GNBDD007 13 14 13 4.05 4.23 0.06 1.32 1.08 1.5 0.79 1.3 0.36
GRD08017 DDH GNBDD007 14 15 13.9 4.87 4.83 0.08 1.78 1.3 1.9 0.83 1.9 0.54
GRD08018 DDH GNBDD007 15 16 11.8 5.16 4.92 0.06 1.66 1.35 2.2 1.01 1.9 0.47
GRD08019 DDH GNBDD007 16 17 10 5.36 5.26 0.07 1.91 1.43 1.7 1.12 1.7 0.45
GRD08020 DDH GNBDD007 17 18.4 8.2 4.97 5.06 0.08 1.5 1.38 2 1.06 1.6 0.45
GRD08021 DDH GNBDD007 18.4 19 32.5 5.35 5.09 0.08 1.94 1.43 3.1 1.03 3 0.87
GRD08024 DDH GNBDD007 19 20 14.2 4.79 4.88 0.07 1.7 1.28 2.4 0.94 2.4 0.59
GRD08025 DDH GNBDD007 20 21 17.4 5.74 6.06 0.07 1.96 1.61 2.6 1.22 2.4 0.67
GRD08026 DDH GNBDD007 21 22 13.2 6.17 5.98 0.08 2.02 1.64 2.8 1.15 2.4 0.6
GRD08027 DDH GNBDD007 22 23 12.8 6.51 6.31 0.08 2.15 1.72 2.8 1.1 2.8 0.67
GRD08028 DDH GNBDD007 23 24 11.5 5.82 6.07 0.06 1.82 1.62 2.6 1.22 2 0.56
GRD08029 DDH GNBDD007 24 25 16.4 5.45 6.37 0.07 1.68 1.55 3.2 1.37 2.1 0.72
GRD08030 DDH GNBDD007 25 26 15 6.62 6.94 0.07 2.25 1.88 3 1.28 2.5 0.7
GRD08031 DDH GNBDD007 26 27 20.3 6.81 7.48 0.07 2.03 1.97 2.9 1.44 2.4 0.68
GRD08032 DDH GNBDD007 27 28 18.2 9.67 10 0.1 3.64 2.84 3.1 1.66 4.2 1.04
GRD08033 DDH GNBDD007 28 29 19.5 9.87 10.7 0.1 3.44 2.92 3.1 1.86 3.5 0.89
GRD08034 DDH GNBDD007 29 30 23.4 7.45 7.96 0.07 2.37 2.23 3 1.28 2.6 0.69
GRD08035 DDH GNBDD007 30 31 17.7 7.22 8.6 0.07 2.05 2.17 2.4 1.67 2 0.49
GRD08036 DDH GNBDD007 31 32 123 15.75 19.6 0.12 4.54 4.74 3.5 3.12 3.6 0.97
GRD08037 DDH GNBDD007 32 33 16.9 8.4 10.7 0.06 2.42 2.5 3.1 2.01 2.3 0.65
GRD08038 DDH GNBDD007 33 34 11.2 6.41 8.32 0.07 1.72 1.86 3.1 1.86 1.7 0.58
GRD08039 DDH GNBDD007 34 35 11.2 6.63 8.47 0.05 1.83 1.96 1.6 2.04 1.6 0.42
GRD08040 DDH GNBDD007 35 36 30.1 11.35 12.15 0.16 4.71 3.07 11.2 2.06 10 2.55
GRD08041 DDH GNBDD007 36 37.05 208 29.1 20.1 1.07 19.55 6.36 82.2 2.07 69.9 19.1
GRD08044 DDH GNBDD007 37.05 38.15 218 28.6 19.05 1.22 21.4 5.82 95.7 1.98 84 22.4
GRD08045 DDH GNBDD007 38.15 39.3 32.5 14.7 15.4 0.26 5.11 3.91 11.6 2.11 10.3 2.68
GRD08046 DDH GNBDD007 39.3 40.4 25.7 11.25 14.1 0.13 3.38 3.25 5 2.79 4.6 1.2
GRD08047 DDH GNBDD007 40.4 41.45 12.4 6.01 7.14 0.05 1.83 1.8 0.9 1.18 1.1 0.24
GRD08048 DDH GNBDD007 41.45 42.3 17.8 6.95 7.64 0.08 2.27 1.99 2.3 1.14 2.3 0.54
GRD08049 DDH GNBDD007 42.3 43.3 9.5 10.05 11.1 0.09 2.88 2.7 1.4 1.62 1.9 0.34
GRD08050 DDH GNBDD007 43.3 44.3 25.1 20.9 19.55 0.49 9.79 5.3 27.1 2.87 21 5.25
GRD08051 DDH GNBDD007 44.3 45.4 50.2 21.4 19.35 0.53 9.02 5.31 32.6 2.57 23.6 6.46
GRD08052 DDH GNBDD007 45.4 46.25 94.9 17.1 16.2 0.35 7.2 4.35 18.6 2.05 14.4 3.62
GRD08053 DDH GNBDD007 46.25 47.3 62.1 15.85 14.7 0.45 7.96 4.06 27.3 1.9 19.3 4.93
GRD08054 DDH GNBDD007 47.3 48.2 25.7 15.3 14.45 0.43 7.29 3.94 22.2 1.74 16.1 3.89
GRD08055 DDH GNBDD007 48.2 49 31 15.4 14.95 0.4 7.26 4.24 26.6 1.66 20.6 5.7
GRD08056 DDH GNBDD007 49 50 99.5 16.15 15.5 0.45 7.88 4.27 29.4 1.78 20.3 5.22
GRD08057 DDH GNBDD007 50 51 104.5 14.9 14.35 0.37 6 3.99 15.8 1.71 11.2 2.81
GRD08058 DDH GNBDD007 51 52 39.6 16.35 15.15 0.49 7.47 4.19 27.1 1.6 18.2 4.47
GRD08059 DDH GNBDD007 52 53 68.8 13.35 12.3 0.51 7.91 3.44 42.3 1.33 32 9.21
GRD08060 DDH GNBDD007 53 54 47.2 12.45 11.2 0.55 6.43 3.06 36 1.3 26.3 7.04
GRD08061 DDH GNBDD007 54 55 77.6 19.45 15.45 1.02 15.35 4.56 104 1.62 72.3 19.5
GRD08064 DDH GNBDD007 55 56 127 12.95 11.95 0.49 7.66 3.27 43 1.23 32.8 9.12
GRD08065 DDH GNBDD007 56 57 239 14.25 12.95 0.55 7.67 3.58 47.6 1.49 35.9 10.3
GRD08066 DDH GNBDD007 57 58 161.5 16.4 12.75 0.85 11.45 3.78 78.9 1.42 54.9 15
GRD08067 DDH GNBDD007 58 59 202 15.2 14.05 0.64 7.82 3.83 39.1 1.58 32.2 9.41
GRD08068 DDH GNBDD007 59 60 271 15.95 14.1 0.64 9.58 4.07 54.6 1.6 42.5 11.85
GRD08069 DDH GNBDD007 60 61 168.5 17.55 15.6 0.67 9.01 4.38 45.7 2.14 36.2 10.35
GRD08070 DDH GNBDD007 61 61.9 109 11.05 9.74 0.37 6.01 2.69 28.8 1.02 25.3 7.14
GRD08071 DDH GNBDD007 61.9 62.85 103 10.25 9.2 0.4 5.78 2.56 25.6 1.02 23.3 6.68
GRD08072 DDH GNBDD007 62.85 63.8 112.5 17.4 12.8 0.81 12.6 4.01 79.4 1.38 52.5 15.05
GRD08073 DDH GNBDD007 63.8 64.8 77.5 16.65 13.15 0.8 11.95 4.08 73.5 1.58 48.8 13.9
GRD08074 DDH GNBDD007 64.8 65.9 169 17.7 12.75 0.91 14.75 3.94 97.3 1.42 64.9 17.75
GRD08075 DDH GNBDD007 65.9 66.85 84.3 14.55 11.5 0.69 10.45 3.43 62.9 1.33 45.8 12.7
GRD08076 DDH GNBDD007 66.85 67.7 82 12.7 10.2 0.48 8.31 3.03 47.6 1.24 37.6 10.55
GRD08077 DDH GNBDD007 67.7 69.1 73.2 13.4 11.1 0.64 9.38 3.23 58.1 1.26 41.2 11.5
GRD08078 DDH GNBDD007 69.1 70 88.2 14 11.85 0.75 10.3 3.41 69.1 1.33 48.7 13.15
GRD08079 DDH GNBDD007 70 70.9 94.8 13.9 11.35 0.58 9.5 3.36 56.5 1.32 40.2 10.95
GRD08080 DDH GNBDD007 70.9 71.85 92 12.2 10.7 0.52 7.51 3.09 37.2 1.16 31.3 8.83
GRD08081 DDH GNBDD007 71.85 73 76 15.85 13.1 0.67 10.05 3.93 55.4 1.38 40.5 11.15
GRD08084 DDH GNBDD007 73 74 93.5 22.3 16.9 1.1 16.6 5.28 85.5 1.82 65.9 18
GRD08085 DDH GNBDD007 74 75 77 14.35 10.65 0.67 10.4 3.42 49.7 1.31 36.8 10.2
GRD08086 DDH GNBDD007 75 76 77.8 17.9 14.1 0.77 12.75 4.4 51.3 1.4 39.6 10.5
GRD08087 DDH GNBDD007 76 77 64.7 15.3 11.7 0.8 11.45 3.8 56.6 1.48 43.1 11.4
GRD08088 DDH GNBDD007 77 78 73.3 11.85 9.59 0.55 8.57 2.89 44.6 1.24 35.5 9.63
GRD08089 DDH GNBDD007 78 79 78.9 14.25 11.4 0.72 10.2 3.5 45.7 1.38 36.5 9.63
GRD08090 DDH GNBDD007 79 80 67 13.05 10.1 0.6 9.51 3.02 40.5 1.2 33.5 9.05
GRD08091 DDH GNBDD007 80 81.1 76.9 7.8 5.39 0.51 6.81 1.65 37.8 0.76 30.5 8.16
----- End of picture text -----

Godolphin Resources

pg. 22

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

GNBDD007 continued– Narraburra Prospect GNBDD007 continued– Narraburra Prospect GNBDD007 continued– Narraburra Prospect GNBDD007 continued– Narraburra Prospect GNBDD007 continued– Narraburra Prospect GNBDD007 continued– Narraburra Prospect
SampleID **Type ** Hole_ID From_m To_m **Y_ppm ** **Yb_ppm ** **Ga_ppm ** **Hf_ppm ** **Nb_ppm ** **Rb_ppm ** **Zr_ppm **
GRD08003
DDH		 GNBDD007 0 1 33.5 5.34 11.2 22.2 22.9 118 684
GRD08004
DDH		 GNBDD007 1 2 33.6 5.13 14 20.2 28 129.5 624
GRD08005
DDH		 GNBDD007 2 3 57.8 8.04 19.6 20.4 29.2 123.5 664
GRD08006
DDH		 GNBDD007 3 4.25 83.1 11.05 19.1 24.4 33.4 127 721
GRD08007
DDH		 GNBDD007 4.25 5.3 53.6 8.06 24.2 28.1 48.6 29 764
GRD08008
DDH		 GNBDD007 5.3 6.1 39 6.75 36.6 28.7 68.9 10 759
GRD08009
DDH		 GNBDD007 6.1 7.2 35.6 6.01 36.5 27.9 69.1 5 691
GRD08010
DDH		 GNBDD007 7.2 8.2 38.3 6.56 32.7 29.7 68.4 7 717
GRD08011
DDH		 GNBDD007 8.2 9.05 40.4 7.6 24 33.2 57.3 4.4 932
GRD08012
DDH		 GNBDD007 9.05 10 40 7.49 31.8 33.8 64.8 5.4 847
GRD08013
DDH		 GNBDD007 10 11 35 6.59 35.6 29.1 69.4 5.1 752
GRD08014
DDH		 GNBDD007 11 12 34.7 6.68 32.8 30.5 65.1 5.4 797
GRD08015
DDH		 GNBDD007 12 13 34.4 6.52 29.4 30.3 62.1 3.3 768
GRD08016
DDH		 GNBDD007 13 14 28.5 5.75 24.2 25.5 47.4 2.8 644
GRD08017
DDH		 GNBDD007 14 15 34.6 6.12 30.5 27.3 62.8 4.4 690
GRD08018
DDH		 GNBDD007 15 16 35.6 6.47 34.1 27.5 69.4 4.8 690
GRD08019
DDH		 GNBDD007 16 17 36.6 6.99 33 30.9 70.3 4.2 735
GRD08020
DDH		 GNBDD007 17 18.4 34.4 6.71 30.4 29.2 67 3.6 742
GRD08021
DDH		 GNBDD007 18.4 19 36.8 6.86 33 35 68.5 4.1 838
GRD08024
DDH		 GNBDD007 19 20 37.5 6.87 30.6 31.3 66.5 3.3 792
GRD08025
DDH		 GNBDD007 20 21 44.8 8.35 33.6 32.9 80.6 3.8 855
GRD08026
DDH		 GNBDD007 21 22 45.2 8.13 39.6 34.7 87.5 4 839
GRD08027
DDH		 GNBDD007 22 23 49.3 7.85 45.6 31.6 97.5 4.6 772
GRD08028
DDH		 GNBDD007 23 24 47.8 8.09 38.4 38.3 88.1 3 929
GRD08029
DDH		 GNBDD007 24 25 44.8 9.15 36.2 40.9 88.7 2.6 959
GRD08030
DDH		 GNBDD007 25 26 56.8 8.95 48.8 38.5 110.5 4.1 924
GRD08031
DDH		 GNBDD007 26 27 57.5 9.86 51.6 46.3 117 3.6 1050
GRD08032
DDH		 GNBDD007 27 28 92.7 11.3 46.8 43.5 111 2.8 1015
GRD08033
DDH		 GNBDD007 28 29 91.3 12.3 44.6 43.2 110.5 2.2 1035
GRD08034
DDH		 GNBDD007 29 30 68.2 8.79 44.9 32.8 105 2.5 782
GRD08035
DDH		 GNBDD007 30 31 68.1 10.7 34.7 38.4 88.1 2.2 914
GRD08036
DDH		 GNBDD007 31 32 154.5 21 46.4 55.4 94.4 2.5 1655
GRD08037
DDH		 GNBDD007 32 33 75.5 13.25 47.3 44.5 122 2.9 1035
GRD08038
DDH		 GNBDD007 33 34 54.4 11.85 45.6 45.1 117 2.1 1075
GRD08039
DDH		 GNBDD007 34 35 58.6 12.6 42.1 44.9 114.5 1.7 1120
GRD08040
DDH		 GNBDD007 35 36 99.6 13.45 32.8 44 91.1 0.9 1080
GRD08041
DDH		 GNBDD007 36 37.05 201 16.4 15.6 31.4 38.2 1.2 850
GRD08044
DDH		 GNBDD007 37.05 38.15 173.5 15.9 17.8 18.3 41.8 1.2 494
GRD08045
DDH		 GNBDD007 38.15 39.3 125 16 13.6 17.1 34 0.9 454
GRD08046
DDH		 GNBDD007 39.3 40.4 95.5 19.25 19.9 33.5 68.7 3.6 908
GRD08047
DDH		 GNBDD007 40.4 41.45 62.8 7.51 29.2 8.82 27 6.9 224
GRD08048
DDH		 GNBDD007 41.45 42.3 69.9 7.48 25.7 8.04 23.7 8 212
GRD08049
DDH		 GNBDD007 42.3 43.3 97.8 11.2 24.1 8.39 24.3 4.5 234
GRD08050
DDH		 GNBDD007 43.3 44.3 188.5 18.9 24.1 7.91 21.6 9.6 230
GRD08051
DDH		 GNBDD007 44.3 45.4 177 18.15 24.3 7.65 19.05 13 222
GRD08052
DDH		 GNBDD007 45.4 46.25 148.5 14.55 24.9 8.7 20.3 13.6 268
GRD08053
DDH		 GNBDD007 46.25 47.3 142.5 13.2 23.4 7.49 20.5 18.6 225
GRD08054
DDH		 GNBDD007 47.3 48.2 139 12.3 24.8 7.22 22.7 31.7 209
GRD08055
DDH		 GNBDD007 48.2 49 151 12.15 22.2 6.94 19.7 38 204
GRD08056
DDH		 GNBDD007 49 50 153.5 12.9 21.3 7.23 20.5 72.8 213
GRD08057
DDH		 GNBDD007 50 51 144.5 11.8 20.3 6.59 20.3 92.5 188
GRD08058
DDH		 GNBDD007 51 52 148.5 12.55 21.3 6.45 19.45 113.5 191
GRD08059
DDH		 GNBDD007 52 53 119.5 10.25 21.6 6.26 19.35 143.5 183
GRD08060
DDH		 GNBDD007 53 54 106 9.6 21.3 6.85 19.55 161.5 186
GRD08061
DDH		 GNBDD007 54 55 156.5 12.65 22.3 6.15 19.15 217 178
GRD08064
DDH		 GNBDD007 55 56 112.5 9.4 21 6.35 19.5 187.5 172
GRD08065
DDH		 GNBDD007 56 57 123.5 10.65 20.7 6.34 20.3 175.5 174
GRD08066
DDH		 GNBDD007 57 58 127.5 10.3 20.9 5.97 19.5 205 174
GRD08067
DDH		 GNBDD007 58 59 133.5 12.8 19.8 6.13 18.3 199.5 179
GRD08068
DDH		 GNBDD007 59 60 135 12.55 21 6.5 19.6 231 186
GRD08069
DDH		 GNBDD007 60 61 151 14.5 20 5.95 18.8 207 171
GRD08070
DDH		 GNBDD007 61 61.9 97.1 8.2 20 6.33 19.15 236 172
GRD08071
DDH		 GNBDD007 61.9 62.85 93.9 8.04 20 6.58 18.7 235 173
GRD08072
DDH		 GNBDD007 62.85 63.8 135.5 11 20.3 6.03 18.5 310 171
GRD08073
DDH		 GNBDD007 63.8 64.8 139 12.15 20.3 5.93 17.9 321 167
GRD08074
DDH		 GNBDD007 64.8 65.9 133 11.1 20.3 6.35 18.95 339 179
GRD08075
DDH		 GNBDD007 65.9 66.85 118 10.15 20.1 6.27 18.7 308 174
GRD08076
DDH		 GNBDD007 66.85 67.7 104 9.36 19.4 5.61 16.45 284 163
GRD08077
DDH		 GNBDD007 67.7 69.1 113 9.79 20.6 6.15 18.75 283 167
GRD08078
DDH		 GNBDD007 69.1 70 126 10.35 19.8 5.33 17.2 296 155
GRD08079
DDH		 GNBDD007 70 70.9 121 9.83 20.1 6.16 18.4 302 174
GRD08080
DDH		 GNBDD007 70.9 71.85 117.5 9.22 20 5.89 18 250 164
GRD08081
DDH		 GNBDD007 71.85 73 158.5 10.55 19.4 5.91 16.85 215 172
GRD08084
DDH		 GNBDD007 73 74 216 13.5 18.1 5.75 14.9 206 156
GRD08085
DDH		 GNBDD007 74 75 139.5 9.5 18 5.56 15.85 196.5 162
GRD08086
DDH		 GNBDD007 75 76 201 10.85 17.6 5.47 16.3 187 143
GRD08087
DDH		 GNBDD007 76 77 136.5 10.8 17.9 5.04 15.2 195 137
GRD08088
DDH		 GNBDD007 77 78 107 8.68 18.2 5.67 15.95 194.5 154
GRD08089
DDH		 GNBDD007 78 79 136.5 10 17.8 5.59 15.7 201 154
GRD08090
DDH		 GNBDD007 79 80 122.5 9.2 17.6 5.13 16.55 206 143
GRD08091
DDH		 GNBDD007 80 81.1 50.4 5.87 17.4 4.96 14.95 167.5 135

Godolphin Resources

pg. 23

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

GNBDD008 – Narraburra Prospect

SampleID **Type ** Hole_ID From_m To_m **Ce_ppm ** **Dy_ppm ** **Er_ppm ** **Eu_ppm ** **Gd_ppm ** **Ho_ppm ** **La_ppm ** **Lu_ppm ** **Nd_ppm ** **Pr_ppm **
GRD08093 DDH GNBDD008 0 1 53.8 5.44 3.91 0.51 4.3 1.26 29.7 0.73 21.8 6.14
GRD08094 DDH GNBDD008 1 2 54.6 7.14 5.47 0.45 5.81 1.7 39.4 0.88 30.9 9.15
GRD08095 DDH GNBDD008 2 3 62.9 7.56 5.75 0.5 6.37 1.68 40.6 0.85 32 9.1
GRD08096 DDH GNBDD008 3 4 60.8 10.7 7.41 0.53 9.66 2.37 49.2 1.12 41.7 11.4
GRD08097 DDH GNBDD008 4 5 84.7 7.38 5.32 0.41 6.43 1.69 35.1 0.84 29.1 7.98
GRD08098 DDH GNBDD008 5 6 71.2 10.2 7.2 0.49 9.6 2.35 49.4 1.07 38.1 9.94
GRD08099 DDH GNBDD008 6 7 58.5 8.6 6.29 0.4 7.07 1.87 36.5 0.97 28.8 7.49
GRD08100 DDH GNBDD008 7 8 67.2 7.33 5.51 0.39 6.36 1.68 34.2 0.9 28 7.65
GRD08101 DDH GNBDD008 8 9 67.7 7.92 5.59 0.36 6.82 1.71 39 0.94 30.8 8.54
GRD08102 DDH GNBDD008 9 10 55.6 7.04 5.12 0.37 5.84 1.59 33.6 0.88 26.5 7.26
GRD08103 DDH GNBDD008 10 11 83.1 7.49 4.9 0.28 5.86 1.57 32.2 0.75 26 7.26
GRD08104 DDH GNBDD008 11 12 61.9 7.22 5.22 0.36 5.51 1.56 31.2 0.84 24.9 7.02
GRD08105 DDH GNBDD008 12 12.7 61.5 7.63 5.7 0.35 5.93 1.78 32.9 0.92 27.4 7.23

Godolphin Resources

pg. 24

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

GNBDD008 continued – Narraburra Prospect

SampleID **Type ** Hole_ID From_m To_m **Y_ppm ** **Yb_ppm ** **Ga_ppm ** **Hf_ppm ** **Nb_ppm ** **Rb_ppm ** **Zr_ppm **
GRD08093 DDH GNBDD008 0 1 38.5 4.8 18.4 6.85 15.45 176.5 215
GRD08094 DDH GNBDD008 1 2 49.1 6.13 17.6 4.84 16 197 123
GRD08095 DDH GNBDD008 2 3 50.1 6.26 17.6 5.27 16.45 191 137
GRD08096 DDH GNBDD008 3 4 73.4 7.89 17.6 4.81 14.2 184.5 130
GRD08097 DDH GNBDD008 4 5 47.9 6.21 17.9 5.14 16.3 189.5 133
GRD08098 DDH GNBDD008 5 6 76.1 7.31 17.6 5.36 16.85 189.5 138
GRD08099 DDH GNBDD008 6 7 59.6 6.7 18.2 5.39 16.8 201 139
GRD08100 DDH GNBDD008 7 8 50.1 6.05 17.6 5.1 15.75 191 133
GRD08101 DDH GNBDD008 8 9 51.9 6.15 17.2 5.09 15.65 188 124
GRD08102 DDH GNBDD008 9 10 49.4 5.92 16.8 4.7 14.8 193 124
GRD08103 DDH GNBDD008 10 11 49.2 5.74 17.2 4.98 15.85 196 130
GRD08104 DDH GNBDD008 11 12 46.9 5.43 17.2 4.84 15.45 176 127
GRD08105 DDH GNBDD008 12 12.7 56.5 6.34 17.4 5.12 15.6 180.5 127

Godolphin Resources

pg. 25

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

GNBDD009 – Narraburra Prospect

SampleID **Type ** Hole_ID From_m To_m **Ce_ppm ** **Dy_ppm ** **Er_ppm ** **Eu_ppm ** **Gd_ppm ** **Ho_ppm ** **La_ppm ** **Lu_ppm ** **Nd_ppm ** **Pr_ppm **
GRD08107 DDH GNBDD009 0 1 35.7 4.02 2.88 0.46 3.1 0.86 18.3 0.5 15.1 4.1
GRD08108 DDH GNBDD009 1 2 22.6 3.4 2.78 0.3 2.31 0.77 12.5 0.45 9.9 2.55
GRD08109 DDH GNBDD009 2 3 24.1 3.63 2.81 0.25 2.41 0.8 12.8 0.49 10.2 2.73
GRD08112 DDH GNBDD009 3 4 24.3 2.78 2.4 0.16 1.73 0.71 7 0.52 6.2 1.52
GRD08113 DDH GNBDD009 4 5 25.7 2.81 2.42 0.16 1.94 0.73 9.1 0.49 7.5 2.18
GRD08114 DDH GNBDD009 5 6 23.5 3.42 2.89 0.1 1.93 0.82 4.9 0.58 5.1 1.33
GRD08115 DDH GNBDD009 6 7 25 3.27 2.89 0.16 1.96 0.89 5.5 0.62 5.7 1.52
GRD08116 DDH GNBDD009 7 8 23.8 4.43 3.32 0.19 2.6 0.98 7.2 0.66 6.8 1.78
GRD08117 DDH GNBDD009 8 9 33.7 4.13 3.18 0.19 3 0.98 16.9 0.59 14.4 4.1
GRD08118 DDH GNBDD009 9 10 48.8 4.52 3.55 0.25 3.57 0.99 21 0.7 18.2 4.96
GRD08119 DDH GNBDD009 10 11 42.6 4.9 3.72 0.24 3.77 1.13 18.6 0.68 15.6 4.56
GRD08120 DDH GNBDD009 11 12 53.8 6.42 4.98 0.25 4.68 1.44 23.7 0.88 22.2 6.16
GRD08121 DDH GNBDD009 12 13 56.2 7.63 5.11 0.51 6.56 1.59 33.2 0.88 31.9 9.27
GRD08122 DDH GNBDD009 13 14 78.4 8.57 5.57 0.57 8.04 1.79 47.5 0.9 42.3 11.95
GRD08123 DDH GNBDD009 14 15 192 9.7 6.17 0.61 7.58 2.03 41.3 1.05 38.5 10.7
GRD08124 DDH GNBDD009 15 16 278 22.2 13.75 1.6 21.5 4.56 166 2.2 144.5 41.6
GRD08125 DDH GNBDD009 16 17 174.5 46.6 26 3.3 53.6 9.07 256 3.58 234 60.4
GRD08126 DDH GNBDD009 17 18 73.5 12.4 9.9 0.46 9.66 3 37.3 1.61 31.1 8.32
GRD08127 DDH GNBDD009 18 19 72.5 7.58 5.42 0.36 6.37 1.75 35.5 0.78 29.4 8.3
GRD08128 DDH GNBDD009 19 20 75.9 8.15 5.33 0.39 6.84 1.62 38.5 0.86 31.3 8.59
GRD08129 DDH GNBDD009 20 21 59.2 7.43 5.13 0.44 6.3 1.62 37.7 0.8 31.3 8.55
GRD08132 DDH GNBDD009 21 22 78.1 8.23 5.72 0.42 7.55 1.82 42.8 0.87 32.7 9.17
GRD08133 DDH GNBDD009 22 23.2 76.4 8.36 5.53 0.54 7.82 1.75 47.7 0.88 41.4 11.8
GRD08134 DDH GNBDD009 23.2 24.2 71.1 7.65 5.42 0.49 6.9 1.67 46.3 0.88 38.7 10.85
GRD08135 DDH GNBDD009 24.2 25.1 70.7 9.96 6.91 0.62 9.72 2.16 61.1 1.09 46.1 12.85

Godolphin Resources

pg. 26

ASX ANNOUNCEMENT

==> picture [21 x 21] intentionally omitted <==

GNBDD009 continued – Narraburra Prospect

SampleID **Type ** Hole_ID From_m To_m **Y_ppm ** **Yb_ppm ** **Ga_ppm ** **Hf_ppm ** **Nb_ppm ** **Rb_ppm ** **Zr_ppm **
GRD08107 DDH GNBDD009 0 1 25.9 3.34 12.2 8.72 13.4 140 298
GRD08108 DDH GNBDD009 1 2 23.1 2.87 12.7 8.38 13.85 124 296
GRD08109 DDH GNBDD009 2 3 23 3.15 14.3 10.1 15.1 57.6 353
GRD08112 DDH GNBDD009 3 4 19.5 2.94 22.9 8.03 20.9 23.5 212
GRD08113 DDH GNBDD009 4 5 19.8 3.23 24.4 7.18 23.5 17.9 181
GRD08114 DDH GNBDD009 5 6 22.1 3.77 24.4 7.06 23.9 14.5 181
GRD08115 DDH GNBDD009 6 7 23.9 3.81 24 6.98 22.3 31 180
GRD08116 DDH GNBDD009 7 8 29.6 4.24 25.4 7.22 23.9 31.1 180
GRD08117 DDH GNBDD009 8 9 25 3.95 25 7.12 23.3 26.4 176
GRD08118 DDH GNBDD009 9 10 29 4.39 24.7 6.87 24.3 34.5 166
GRD08119 DDH GNBDD009 10 11 31.3 4.64 23.2 6.73 22.6 63.3 172
GRD08120 DDH GNBDD009 11 12 42 5.85 22.7 6.82 21 100.5 181
GRD08121 DDH GNBDD009 12 13 43 6.13 20.8 6.04 18.45 204 147
GRD08122 DDH GNBDD009 13 14 49.5 6.34 18.2 5.2 16.55 201 140
GRD08123 DDH GNBDD009 14 15 54.3 7.53 17.6 5.07 15.9 190 135
GRD08124 DDH GNBDD009 15 16 136.5 14.1 17.3 4.61 15.5 192 124
GRD08125 DDH GNBDD009 16 17 249 24.1 17.1 4.7 15 179.5 119
GRD08126 DDH GNBDD009 17 18 96.8 10.1 17.8 5.13 15.2 186 133
GRD08127 DDH GNBDD009 18 19 53.1 5.36 17.4 4.75 15.5 183.5 122
GRD08128 DDH GNBDD009 19 20 51 5.52 17.7 4.95 16.1 184 132
GRD08129 DDH GNBDD009 20 21 50 5.48 17.6 4.86 15.5 186.5 125
GRD08132 DDH GNBDD009 21 22 58.1 5.64 17.8 4.81 16.45 199.5 126
GRD08133 DDH GNBDD009 22 23.2 52 6.13 17.6 4.89 15.85 202 129
GRD08134 DDH GNBDD009 23.2 24.2 46.6 6.21 18.1 5.21 17.15 195 132
GRD08135 DDH GNBDD009 24.2 25.1 70.1 7.3 17.6 5.33 18.8 192.5 136

Godolphin Resources

pg. 27

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