Aldoro Resources Ltd (ASX: ARN) Confirms Niobium Mineralisation at Kameelburg
Aldoro Resources Ltd (ASX: ARN) has confirmed niobium mineralisation across a 262-meter sampling line at Kameelburg, averaging 0.52% Nb₂O₅. The assay results reveal exceptional grades, including 94 meters at 0.93% Nb₂O₅ and 30 meters at 1.2% Nb₂O₅.
Exploration Details
The reported assays, part of a pre-drill chip sampling program, showcase the potential of the Kameelburg carbonatite. A diamond drill hole has been scheduled to assess the niobium grade at depth, which aims to enhance understanding of the resource potential.
Market Relevance
Niobium currently trades at US$57,000 per tonne, illustrating the economic significance of the findings. Aldoro’s exploration approach incorporated prior magnetic surveys and increased sample lines to fortify data reliability.
CEO Comments
Full details on the assays will be shared once received. CEO Yuanjian Zhu highlighted the strategic importance of the results, stating, “Understanding the niobium potential at depth will play a vital role in our resource development strategy.”
Future Plans
The current diamond drilling program will inform further resource drilling stages. Aldoro intends to extend the pre-drill trenching to encompass 22 sampling lines for improved geochemical evaluation.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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