Aldoro spots niobium in Namibia

Junior explorer Aldoro Resources (ASX:ARN) is planning another bout of drilling at its Kameelburg Project in Namibia after reporting fresh niobium assays from the area. 

The $11.03 million market capitalisation company says it’s already in discussions with local drilling contractors for this upcoming work, and it’s also planning to further investigate additional dykes along peripheral zones of the Kameelburg carbonatite.

This comes after the company posted assay results of between 5.8% and 9.03% Nb2O5 from 6 rock chip samples taken from the project area. 

Aldoro says the results highlight the potential of the area around the periphery of the Kameelburg rare earth element (REE)-rich carbonatite, which the company claims is known to contain niobium-rich dykes. Historical samples from the area include results of up to 4.75% Nb2O2. 

Aldoro’s own investigation at this peripheral dyke revealed an outcrop striking 315 degrees over 15m, up to 0.5m wide and dipping to the east at 62 degrees.

According to the company, this dyke lies in a nepheline syenite host of the Kameelburg carbonatite and is obscured by colluvium, soil development, and vegetation. 

Shares in Aldoro Resources closed 58.54% higher at $0.13 on 27 December 2023. 

Alongside Kameelburg, Aldoro owns the Narndess Igneous Complex, the Niobe Project, and the Wyemandoo Project, all in Western Australia. 

Aldoro Resources had $1.7 million cash and cash equivalents at hand as of 30 September, according to its latest quarterly report. 

Write to Joshua Smith at Mining.com.au

Images: Aldoro Resources
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Written By Joshua Smith
Joshua Smith has years of experience in the media sector, having worked as a markets reporter, features writer, and editor since completing a Communications and Journalism degree and a Creative Writing degree. Josh is an avid board game fan and a self-professed coffee snob.