Narraburra REE, NSW Australia

Godolphin Resources Limited (ASX: GRL) has successfully produced a second Mixed Rare Earth Carbonate (MREC-2) product from its Narraburra REE Project. This cleaner product, developed through an advanced metallurgical process incorporating Ion Exchange (IX), contains significantly fewer impurities than its predecessor (MREC-1). The IX process removed 98% of uranium, reducing its content to 7ppm...."

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Project Summary

Narraburra, located in central west NSW, is host to one of Australia’s most advanced critical minerals projects, with substantial zirconium, rare earth elements (REE) and rare metals potential. Owned entirely by Godolphin, the project includes several recently granted exploration licenses and is recognized as a critical minerals project by Austrade.

Following a 31-hole diamond drilling campaign, Maiden (JORC 2012) Mineral Resource Estimate (MRE) completed for Narraburra Rare Earth Element Project of 94.9Mt @ 739ppm TREO, including a high grade core of:

  • 20Mt @ 1,079ppm TREO using a 600ppm cutoff within the Indicated Resource

This marks a significant uplift in grade, tonnage, and classification compared to the previous estimate. Mineralization remains open in multiple directions, offering considerable exploration upside.