Godolphin Resources Limited announce a revised Mineral Resource Estimate for the Lewis Ponds resource focussing on higher grade precious and base metal areas. Historically Lewis Ponds has been modelled through the lens of being a base metals project, however an extensive review of historical data in 2020 highlighted the substantial gold and silver potential of the project. Historical drill hole assays included a number of high-grade gold and silver intercepts, such as 91m @ 2.3g/t gold, 79g/t silver, 3.3% zinc & 2.2% lead (drill hole TLPD-12). Lewis Ponds is located on a splay of the Godolphin Fault, the same crustal geological structure hosting Regis' 2Moz McPhillamys gold project, approximately 20km south along the same structure. Following the review, Godolphin has re-modelled the Mineral Resource at Lewis Ponds focusing on the higher grade lenses identified by surface mapping and underground drill data. These geological units include the higher-grade gold and silver areas (which have accompanying high zinc and lead values). The re-modelled geological units have been used to calculate the MRE. The MRE for Lewis Ponds is estimated to be 5.8 million tonnes at 2.1 g/t gold, 83 g/t silver, 2.7% zinc, 1.6% lead & 0.2% copper, containing 384koz gold,15.3 million oz silver, 158kt zinc and 93kt lead and has been classified as Inferred in accordance with JORC (2012). The resource estimate used a AUD 140/t NSR cut off. A 3,300 metre diamond drilling (DD) program, as well as a 1,000m RC program commenced at Lewis Ponds on 14th January 2021. Both drill programmes have been esigned for; (1) resource definition drilling in and around the new Mineral Resource, (2) assessing the potential to increase the newly estimated Mineral Resource through drilling in areas which have been highlighted as exceptional targets outside the currently defined MRE and (3) to provide mineralisation composites with high precious metals content for bench-scale metallurgical test work. The Lewis Ponds Project consists of one tenement (EL5583) which runs in a north-westerly direction 15 km east of Orange and covers an area of approximately 148 km2. Access to the tenement is via mainly the sealed White Rocks-Dry Creek-Lower Lewis Ponds road. The Lewis Ponds deposit lies on the east limb of the Mullions Range Anticline and is hosted within the Late Silurian Mumbil Shelf sequence, part of the Mumbil Group. The actual mineralisation is hosted within the Anson Formation, a fining upward sequence from a conglomeritic base to siltstones at the top. The most prominent regional structure is the Lewis Ponds Fault, located less than one kilometre to the west of Lewis Ponds, which is interpreted as a splay off the regional Godolphin Fault. Drilling has been conducted at the Lewis Ponds Project since 1971, with various minor programs carried out in 1973 (Amax), 1986 (Homestake), 1989 (Sabminco), before more intensive drilling was carried out from 1991 through to the present by Tri OriginTriAusMin. Over 200 hundred holes have been drilled in and around Lewis Ponds with around 75% of the holes being diamond-cored. The latest program, drilled in February-March 2017 by Ardea Resources, consisted of four diamond-cored holes, mainly drilled to obtain samples for metallurgical testwork based on dense media separation and conventional flotation. The new Mineral Resource was estimated using a dataset of 213 drillholes for a total of 63,335 m. This dataset consisted of 58,425 m of DD and 4,909 m of RC drilling. These holes were drilled in various exploration programmes between 1971 and 2017. Mineralised intersections for the two main lodes were manually coded in each drill hole using a nominal $NSR 100 cut-off. The boundaries between the two zones are low grade breaks that are parallel with the orientation of mineralisation. The coded mineralised intersections were loaded into Leapfrog software and vein geological models were generated from the coded intervals for the two main lodes. Wireframes were generated from the Leapfrog model and these were exported into Surpac to constrain the resource modelling.