Confirmation of further mineralisation drove this mining stock rocketing high. Now considered among growing companies to invest in, the stock is
Aldoro Resources Limited (ASX: ARN)
Aldoro Resources Limited (ASX: ARN) has announced significant progress in its exploration efforts at the Kameelburg Niobium & Rare Earth Element (REE) Project. On 12 December 2024, the company confirmed that assay results for Line 3 have shown 190 meters of niobium mineralisation, with the entire 220-meter line being mineralised. The average niobium oxide (Nb₂O₅) grade for the line is 0.70%, with certain sections showing even higher grades, including 128 meters at 0.96% Nb₂O₅ and 90 meters at 1.12% Nb₂O₅. This confirms the presence of significant niobium mineralisation across the line, and further assays for an additional 168 meters are pending. The Line 3 mineralisation remains open in both directions, and diamond drilling has begun to explore the mineralisation at depth, aligned with the line locations.
Prior to this, on 4 December 2024, Aldoro had reported assay results from Line 4, which confirmed 262 meters of niobium mineralisation, with an average grade of 0.52% Nb₂O₅. Notable highlights from Line 4 assays included 94 meters at 0.93% Nb₂O₅ and a peak grade of 1.2% Nb₂O₅ over 30 meters. These results were all from surface assays, and the company is now drilling a diamond hole to explore the potential of niobium mineralisation at depth in this area. The current diamond drilling program is expected to improve understanding of the resource potential at Kameelburg, with plans to assess both the grade at depth and the broader resource for future development.
On 29 November 2024, Aldoro announced the commencement of diamond drilling at the Kameelburg project. Using its own diamond rigs and drilling team, the company is aiming to minimise drilling costs while maximising operational efficiency. The initial phase of drilling involves seven holes, ranging from 200 to 400 meters in depth, targeting areas that have shown positive signs of mineralisation through previous magnetic surveys and geochemical sampling. The drilling will help to define the project's resource potential, supporting the next phase of resource drilling as Aldoro works towards building a comprehensive understanding of Kameelburg's mineral wealth.
Earlier, Aldoro had made significant strides with its Kameelburg project in September 2024, including the renewal of its Exclusive Prospecting Licenses (EPLs) 7372, 7373, and 7895, which together cover an area of 1,017 km². During the quarter, successful metallurgical test work was completed, showing a 62.4% niobium recovery rate from a sample. This result is in line with industry standards for developing niobium producers. The company also made significant progress on infrastructure, including track access and water supply, to facilitate the upcoming drilling program. One of the best growth stocks to buy now, Aldoro strengthened its financial position through a successful fundraising, securing $673,119 from a shareholder option offer and a further $1.5 million from the sale of listed securities.
Source: Company’s Report
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