Aldoro Resources (ASX:ARN) has executed a Definitive Joint Venture Agreement over the Kameelburg Rare Earths Project in Namibia.
The $16.82 million market capitalisation company reports that the National Heritage Council of Namibia has also granted consent for exploration activities to occur at the project.
Aldoro says gaining heritage consent was the final step required before issuance of the Environmental Clearance Certificate (ECC) by the Department of Environmental Affairs, and this process is expected to occur within the next 2 weeks.
The company notes that minimal ground disturbing exploration activities, such as reconnaissance fieldwork are permitted while the ECC is pending.
Some 9 sampling locations have been proposed for portable core drilling, subject to ground investigations in determining availability of thick homogenous material as part of targeting the higher rare earth element (REE) phases. Eight of these sites are within the carbonatite outline depicted, with the ninth being located within a thick marginal dyke.
It is estimated that about 120kg of sample material will be collected at each site using a portable core drill with a 100mm diameter and 1m reach. This initiative is on schedule for the first week of September.
Aldoro Resources is an ASX-listed mineral exploration and development company with a portfolio of critical minerals including rare earth, lithium, rubidium, and base metal projects.
The company’s advanced project the Narndee Igneous Complex in Western Australia, which is prospective for Ni-Cu-PGE mineralisation. The company’s other projects are the Kameelburg REE Project in Namibia, the Wyemandoo lithium-rubidium-tungsten project and the Niobe lithium-rubidium-tantalum Project both in Western Australia.
Write to Adam Orlando at Mining.com.au
Aldoro Resources
