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Godolphin lists on ASX after Lachlan Fold Belt spinout

Godolphin Resources Ltd. said Dec. 19 that it successfully listed on the ASX following a successful spinout of Ardea Resources Ltd.'s Lachlan Fold Belt gold and base metal tenements in New South Wales, Australia.

The explorer, which raised A$6.5 million in cash from its IPO after costs, will start drilling at its Mount Aubrey gold project in January 2020.

Within the first two years of its listing, Godolphin will focus on developing resource estimates for the Lewis Ponds, Mount Aubrey, Yeoval and Lachlan gold-zinc-copper projects.