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An update from Aldoro Resources Ltd. ( (AU:ARN) ) is now available.
Aldoro Resources Limited has announced a significant increase in the mineral resource estimate for its Kameelburg project in Namibia, with an 85% growth to 520.61 million tonnes at 2.49% TREO equivalent. This positions Kameelburg as a world-class project, comparable to the renowned Niobec/Saint-Honoré complex in Canada, and highlights its potential as a strategic supplier of neodymium-praseodymium. The project remains open for further exploration, with a Phase II drilling program set to commence, aiming to expand the resource and enhance its grade, which could have significant implications for the company’s market position and stakeholder interests.
More about Aldoro Resources Ltd.
Aldoro Resources Limited (ASX: ARN) is a company engaged in the exploration and development of mineral resources, focusing primarily on rare earth elements and niobium projects. The company operates the Kameelburg Rare Earth Element-Niobium project in Namibia, which is positioned in a favorable mining jurisdiction with access to quality infrastructure.
Average Trading Volume: 209,198
Technical Sentiment Signal: Buy
Current Market Cap: A$104.4M
For an in-depth examination of ARN stock, go to TipRanks’ Overview page.