Overview of Godolphin Resources' recent RC drilling and mapping results

Godolphin Resources Limited (ASX:GRL) has successfully completed a Reverse Circulation (RC) drill program at the Cyclops and Yeoval East Prospects, part of the Yeoval Project in Central West NSW. The program targeted multiple structural zones with the potential to host high-grade copper mineralisation, resulting in the identification of new targets for follow-up exploration at Vaughans Ridge Prospect. The Company's Managing Director, Ms Jeneta Owens, expressed satisfaction with the results, highlighting the intersections of over 1% copper at the Cyclops prospect and the identification of highly prospective geology at the Vaughans Ridge Prospect.

Executive commentary on recent RC drilling and mapping initiatives

Managing Director Ms Jeneta Owens stated, 'We are pleased to report the results of our recent RC drill program. The results highlight further intersections of over 1% copper at the Cyclops prospect and has increased our overall understanding of the mineralisation style, informing future plans for ongoing exploration. We are also highly encouraged by our recent mapping initiatives at the Vaughans Ridge Prospect, which has identified highly prospective geology and a vast area of typical skarn style alteration, with a large strike extent of gossanous silica, iron oxide, and pyrite. Skarn deposits can be very high grade and lucrative, making for an excellent exploration target. We anticipate receiving rock chip sampling results early in the 2024 New Year and look forward to sharing the results and the next steps for this exciting prospect area and other prospects within the Yeoval tenement.'

Summary of recent RC drilling and mapping results and future outlook

Godolphin Resources (ASX:GRL) has successfully completed a Reverse Circulation (RC) drill program at the Cyclops and Yeoval East Prospects, yielding intersections of over 1% copper at the Cyclops prospect and identifying new targets for follow-up exploration at Vaughans Ridge Prospect. The Company's Managing Director, Ms Jeneta Owens, expressed satisfaction with the results and highlighted the potential for skarn style gold and base metal mineralisation at Vaughans Ridge. The Company anticipates receiving rock chip sampling results early in 2024 and looks forward to sharing the results and the next steps for this exciting prospect area and other prospects within the Yeoval tenement. The drilling results from the Cyclops Prospect suggest that the QMC veins are not laterally continuous, being steeply plunging and pod like in nature, informing further exploration plans for the Cyclops prospect in 2024. Additionally, the Company plans to evaluate the drilling results at both the Cyclops and Yeoval East Prospects and appraise the geochemical assays resulting from the recently collected rock chips from Vaughans Ridge Prospect, which are expected early next year. The results will form the basis for any additional exploration activities, and key areas for follow-up will be those in which historical elevated gold values have been identified, or similar results from the most recent campaign of rock chips.