Niobium Grades Average 0.45% Nb2O5 Over 436m at Aldoro’s Kameelburg Project

Niobium Mineralisation Confirmed Across Extensive Zones

Aldoro Resources Ltd (ASX: ARN) has delivered encouraging assay results from its Kameelburg Rare Earth Elements (REE) and Niobium Project in Namibia. Recent sampling along Lines 6 and 4 has confirmed continuous niobium mineralisation over significant lengths, 436 meters on Line 6 and 126 meters on Line 4, with average niobium oxide (Nb2O5) grades of 0.45% and 0.42% respectively. Notably, a highlighted intercept of 186 meters on Line 6 averaged 0.81% Nb2O5, underscoring the potential scale and grade of the deposit.

Diamond Drilling Program Accelerates

Building on these promising surface assay results, Aldoro has progressed its diamond drilling campaign at Kameelburg, completing six holes totaling 2,518 meters. Encouraged by early outcomes, the company has expanded the program to approximately 4,500 meters, adding six more holes. This expansion is facilitated by Aldoro’s ownership of two diamond rigs and cost-effective drilling operations, reportedly at less than half the market rate. The initial assays from the first four diamond holes are anticipated in February 2025, with cores already processed and pulps dispatched for expedited analysis.

Towards a Maiden Mineral Resource Estimate

Aldoro is meticulously logging all drilling data to meet JORC Code standards, aiming to underpin a maiden Mineral Resource Estimate (MRE) for Kameelburg by the second quarter of 2025. This milestone will be critical for validating the project’s commercial potential and attracting further investment. The company’s strategic approach integrates extensive geophysical, soil, rock chip, and trenching surveys conducted over recent years, providing a robust geological framework for resource estimation.

Financial and Operational Readiness

Financially, Aldoro reports a comfortable funding position to support the expanded drilling program and associated operational activities through the next quarter. The company has already expensed all rig, consumables, and earthmoving track work costs in the fourth quarter of 2024, reflecting prudent capital management. This financial stability allows Aldoro to consider further increases in drilling scope, underscoring confidence in the project’s prospects.

Strategic Positioning in Critical Minerals

The Kameelburg project is part of Aldoro’s broader portfolio targeting critical minerals including rare earth elements, lithium, rubidium, and tantalum. Situated in the northern Central Damara Orogenic Belt, the project features a carbonatite plug known to host fractionated mineralisation styles consistent with niobium and REE deposits. Aldoro’s ongoing exploration efforts align with growing global demand for these strategic materials, essential for advanced technologies and clean energy applications.