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Aldoro Resources Ltd. ( (AU:ARN) ) just unveiled an update.
Aldoro Resources Ltd has commenced its Phase II diamond drilling program at the Kameelburg project, targeting high-grade niobium zones with a new drill rig capable of reaching depths of 750 meters. The company is also initiating exploration at the Omuronga Project in Namibia, where a ground magnetic survey has identified a significant anomaly, and drilling is planned to test for heavy rare earth elements. These initiatives could potentially position Aldoro as a major player in the global REE and niobium markets, with the Kameelburg project potentially becoming one of the largest deposits worldwide.
More about Aldoro Resources Ltd.
Aldoro Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of rare earth elements (REE) and niobium. The company is engaged in projects such as the Kameelburg and Omuronga, targeting high-grade niobium and heavy rare earth elements, respectively.
Average Trading Volume: 319,712
Technical Sentiment Signal: Buy
Current Market Cap: A$108.2M
For a thorough assessment of ARN stock, go to TipRanks’ Stock Analysis page.