en.Wedoany.com Reported - Godolphin Resources (ASX:GRL) has joined the U.S. Defense Industrial Base Consortium (DIBC), a move that provides its Narraburra rare earth project with direct access to decision-makers in U.S. defense, industry, and R&D sectors, positioning it to become a vital link in the Western supply chain. The company is currently considering spinning off the project into a standalone rare earth and critical minerals entity to fully capitalize on the growing demand for these commodities from the U.S. and Europe.
As a new member of the DIBC, Godolphin can collaborate with the U.S. Pentagon under a flexible, non-dilutive funding framework to accelerate R&D and commercialization. Managing Director Jeneta Owens stated: "Godolphin's acceptance into the DIBC represents a significant strategic step. Membership provides the company with structured access to U.S. defense programs, technology partners, and end-users." She noted that the Narraburra project has already produced high-purity mixed rare earth carbonate (MREC) products rich in high-value heavy rare earths such as yttrium, terbium, and dysprosium.
The Narraburra project is located in central-western New South Wales, covering an area of 504 square kilometers. The company has produced two high-quality MREC products to date, with magnet rare earth oxide content exceeding 14% and total rare earth oxide content consistently above 57%. The proportion of terbium and dysprosium in the product is significantly higher than in other clay-hosted rare earth projects, enhancing future commercial payment capabilities. Furthermore, yttrium oxide accounts for 18.7% of the MREC weight and 32.5% of the total contained rare earth oxides. Yttrium is a critical raw material for jet engines, semiconductors, and medical technology, for which the U.S. is entirely import-dependent. Chinese export controls have caused global yttrium prices to surge—European prices skyrocketed from $6/kg a year ago to $850/kg in February 2026, an increase of over 5,000%.
To further advance commercialization, Godolphin has approved the production of a third batch of MREC by the Australian Nuclear Science and Technology Organisation for delivery to potential U.S. offtake partners. As part of a strategic review, the company is evaluating the feasibility of spinning off its rare earth and critical mineral assets for a separate ASX listing, including structure, market positioning, and regulatory matters. Jeneta Owens added: "Narraburra presents a genuine value opportunity for Godolphin shareholders. The Board is advancing the strategic review and is in discussions with corporate advisors, lead managers, and brokers, with updates to be provided in due course." Meanwhile, the company continues to advance the Lewis Ponds gold-silver polymetallic project in New South Wales, which has a 12-year mine life and is expected to produce 244,000 ounces of gold, over 12 million ounces of silver, and various by-products.
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