Kalkine: Godolphin Expands Canadian Ties Through NSW Copper-Gold Joint Venture

Highlights:

• Godolphin Resources (ASX:GRL) partners with Great Plains Metals Corp (TSX-V:GPS) in a joint venture on NSW copper-gold assets

• Great Plains to fund exploration on Yeoval and Goodrich Projects in staged earn-in arrangement

• Godolphin to focus on its Lewis Ponds Project while retaining exposure to Yeoval development

Godolphin Resources (ASX:GRL), listed on the Australian Securities Exchange and part of the materials sector on the ASX 200, has formally entered a joint venture agreement with Canada-based Great Plains Metals Corp (TSX-V:GPS). The agreement grants Great Plains the right to earn a majority stake in the Yeoval and Goodrich copper-gold projects located in New South Wales.

Both projects lie within the well-known Lachlan Fold Belt, an area recognised for its base and precious metal prospectivity. This new collaboration allows Great Plains to earn an initial interest in the projects by funding exploration activities, with the option to increase its stake through further expenditure.

Structured earn-in terms outline staged commitment

Under the terms of the earn-in agreement, Great Plains will begin funding exploration programs over the course of the next year at the Yeoval and Goodrich projects. Should the initial program progress as outlined, an additional phase will permit Great Plains to increase its ownership through continued investment over a subsequent period.

Godolphin Resources has stated that the agreement enables it to maintain involvement in the exploration progress at both projects while preserving its cash position. The structure is designed to provide project momentum without affecting Godolphin’s existing operations or capital requirements.

Yeoval and Goodrich positioned in a prolific exploration zone

The Yeoval and Goodrich assets are located in Central West New South Wales. The Goodrich Project sits within the broader Yeoval Project boundary, which spans an extensive area northwest of the regional city of Orange. This zone is historically recognised for its geological potential, making it an active location for base and precious metal explorers.

The projects are being prioritised by Great Plains, which is shifting focus toward discovery efforts in Australia. Great Plains, which formerly operated as Norrland Gold Corp, is concentrating on advancing copper and gold targets within the region.

Godolphin to continue advancement at Lewis Ponds

While the joint venture moves ahead, Godolphin will concentrate on its wholly owned Lewis Ponds Project. This project remains a core focus for the company, which is currently undertaking metallurgical testwork and deploying a modern deep-penetration induced polarisation survey across key target zones.

These technical programs are designed to enhance the understanding of subsurface mineralisation and support future exploration decisions. The project is also situated within the Lachlan Fold Belt, underlining the company’s commitment to exploration in one of New South Wales’ most prominent mineral districts.

Exploration-driven strategy aligns with regional resource development

This joint venture aligns with Godolphin’s broader strategy of advancing resource assets in New South Wales through collaboration and sustained fieldwork. By leveraging external partnerships for early-stage project progression, the company can allocate internal resources to its priority programs without reducing its strategic footprint across copper-gold prospects.

The move also contributes to the ongoing development of the Yeoval area, reinforcing its profile within Australia’s mineral exploration landscape. Through the earn-in structure, Godolphin retains a position in the projects while Great Plains assumes operational responsibility for initial and expanded exploration phases.