What happens with the code that you show depends on what type objOriginal is:
- If it is a reference type, objClonewill reference the same instance asobjOriginal
- If it is a value type, objClonewill be a new instance, with the same content asobjOriginal
Note though, if it is a value type having any members being reference types, those members will reference the same instances as the original object (this is known as a shallow copy).
Examples:
Public Class Test
    Public Number As Integer
End Class
Dim objOriginal As New Test()
objOriginal.Number = 42
Dim objClone As Test
objClone = objOriginal
In this case, objClone and objOriginal will both reference the same instance of Test.
Public Structure Test
    Public Number As Integer
End Class
Dim objOriginal As New Test()
objOriginal.Number = 42
Dim objClone As Test
objClone = objOriginal
In this case, objClone and objOriginal will be different instances of Test, each with their own Integer instance in the Number field.
Public Class SomeValue
    Public Number As Integer
End Class
Public Structure Test
    Public Value As SomeValue
End Class
Dim objOriginal As New Test()
objOriginal.Value = New SomeValue()
objOriginal.Value.Number = 42
Dim objClone As Test
objClone = objOriginal
In this case, objClone and objOriginal will be two different instances of k, but both will reference the same instance of SomeValue through their Value member.