Godolphin Resources: non-renounceable entitlement offer booklet

Godolphin Resources: non-renounceable entitlement offer booklet

Godolphin Resources (ASX: GRL) has launched a non-renounceable entitlement offer as part of its ongoing strategic capital raising efforts. The offer, which provides existing shareholders with the opportunity to participate in the company's capital raising, follows a recent share placement that secured $1.35 million in firm commitments. The combined funding package of $3.03 million will fast-track exploration and development of the company's flagship Lewis Ponds Gold, Silver, and Base Metals Project in New South Wales [1].

The non-renounceable entitlement offer will issue one new share for every four shares held by eligible shareholders at the record date of September 4, 2025. The issue price is set at $0.012 per share, representing a 25% discount to the last closing price of $0.016 on August 25, 2025. The offer is open from September 9, 2025, to October 2, 2025, and includes a top-up facility allowing shareholders to apply for additional shares beyond their entitlement [1].

The offer provides existing shareholders with a unique opportunity to participate in Godolphin's growth plans and supports the company's strategic direction. The Lewis Ponds Project, with a substantial resource of 9.83 million tonnes at 1.49g/t gold, 66.15g/t silver, 2.46% zinc, 1.38% lead, and 0.15% copper, is a significant asset for Godolphin. The project's polymetallic nature provides exposure to both precious metals (gold and silver) and base metals (zinc, lead, copper), creating a natural hedge against commodity price fluctuations [1].

The recent resource upgrade at Lewis Ponds has established a global resource of 9.83 million tonnes, with 51% classified in the higher-confidence Indicated category. This provides a solid foundation for upcoming development studies and enhances the project's attractiveness to investors [1].

The new funding will enable Godolphin to advance several key initiatives simultaneously, including a scoping mining study, metallurgical test work, resource expansion drilling, and a deep penetrating IP survey. These initiatives aim to accelerate the exploration and development program and deliver multiple value catalysts [1].

Godolphin Resources represents a compelling investment case for investors seeking exposure to precious and base metals in a tier-one mining jurisdiction. With the Lewis Ponds project now demonstrating substantial scale through its 9.83Mt resource, the company is rapidly advancing toward development decision points. The recently secured funding enables the company to maintain strong momentum across multiple work streams, potentially creating a series of value-enhancing catalysts over the coming months [1].

References:
[1] https://discoveryalert.com.au/news/strategic-capital-raising-positions-grl-2025/