{"id":10045,"date":"2024-05-23T05:29:45","date_gmt":"2024-05-23T05:29:45","guid":{"rendered":"https:\/\/economicherald.net\/?p=10045"},"modified":"2024-05-23T05:29:45","modified_gmt":"2024-05-23T05:29:45","slug":"godolphins-94-9mt-narraburra-project-could-get-bigger-with-four-new-target-areas-outlined","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=10045","title":{"rendered":"Godolphin\u2019s 94.9Mt Narraburra project could get bigger with four new target areas outlined"},"content":{"rendered":"<p>\u00a0<\/p>\n<p><strong>Four high priority target areas have been identified for immediate follow up at Godolphin Resources\u2019 Narraburra project <\/strong><br \/>\n<strong>New target areas demonstrate the potential to expand the existing resource <\/strong><br \/>\n<strong>On-ground exploration will begin immediately to systematically assess these targets <\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Special report: Newly defined exploration targets demonstrate potential to expand the existing 94.9Mt at 739ppm TREO resource at Godolphin Resources\u2019 Narraburra rare earths project in NSW. <\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/godolphin-resources-grl\/\" target=\"_blank\" rel=\"noopener\">Godolphin Resources\u2019 (ASX:GRL)<\/a> Narraburra asset is a highly prospective rare earths (REE) project with a 94.9Mt @ 739 parts per million (ppm) total rare earths oxides (TREO), including a high-grade 20Mt component of 20Mt at 1,079ppm TREO.<\/p>\n<p>The explorer recently expanded its footprint a further 110km2 adjacent the flagship Narraburra project and has received Phase 2 metallurgy results through ANSTO, achieving\u00a0<a href=\"https:\/\/stockhead.com.au\/resources\/godolphin-nabs-strategic-land-parcel-enveloping-flagship-narraburra-ree-project-and-continues-to-unlock-project-development-potential\/\" target=\"_blank\" rel=\"noopener\"><strong>huge 80-95% magnet REE recoveries<\/strong><\/a>, the high-value rare earths such as neodymium and praseodymium (NdPr).<\/p>\n<p>Some of the recent funds from a $550,000 raising are earmarked for additional drilling with the aim of increasing resources as well as finalising the company\u2019s scoping study, being undertaken by Ausenco.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Novel target areas to provide increase in MREOs <\/strong><\/h2>\n<p>Four new target areas have now been outlined by reprocessing and interpretation of regional aeromagnetic data covering Narrraburra.<\/p>\n<p>The work comprised a review of the drill program that underpinned the maiden resource.<\/p>\n<p>Magnet rare earth element oxides (MREOS) thicknesses were calculated with the data from the weathered portion of the deposit only \u2013 the calculation \u00a0does not include any fresh rock.<\/p>\n<p>The majority of the MREOs report to the west of the Narraburra Fault Zone and overlap with a distinct magnetic body, and indicate that that this magnetic body is not likely a result of the Narraburra Granite, which hosts the eastern sector of the resource.<\/p>\n\n<p><em>Reprocessed regional magnetic image showing the four key target areas. Pic: Godolphin Resources <\/em><\/p>\n<p>\u00a0<\/p>\n<p>This interpreted intrusion has been labelled as Target 1 and will form the basis for ongoing drilling and resource expansion, targeting an increase in MREO grades with increased thicknesses.<\/p>\n<p>GRL says the information will form the immediate exploration focus and seek to define regional drill targets to discover new rare earth element deposits in these previously under explored areas.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Clear pathway to higher grades and tonnes <\/strong><\/h2>\n<p>\u201cThis new information provides Godolphin with a greater understanding of the geological conditions that may be influencing the location of the rare earth mineralisation,\u201d GRL managing director Jeneta Owens says.<\/p>\n<p>\u201cThese new target areas provide a clear pathway to enable a potentially significant increase in the grade and tonnes of the Narraburra REE resource.<\/p>\n<p>\u201cIt also provides significant scope for exploration upside to substantially increase the overall project size given the potential to make new clay hosted REE discoveries close to the existing Narraburra deposit,\u201d she says.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span><span class=\"mce_SELRES_start\">\ufeff<\/span><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Godolphin Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/godolphins-94-9mt-narraburra-project-could-get-bigger-with-four-new-target-areas-outlined\/\">Godolphin\u2019s 94.9Mt Narraburra project could get bigger with four new target areas outlined<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>\u00a0 Four high priority target areas have been identified for immediate follow up at Godolphin Resources\u2019 Narraburra project New target areas demonstrate the potential to <a href=\"https:\/\/economicherald.net\/?p=10045\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":10046,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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