Aldoro’s maiden Kameelburg resource highlights Tier-1 potential

• Aldoro defines maiden rare earth-niobium resource at Kameelburg
• Maiden MRE based on just 45% of drilling completed to date
• Resource update encompassing entire ~9,500m phase I diamond drilling will be reported in coming weeks
• Metallurgical testwork is ongoing and expected to be completed in late August

Special Report: A maiden rare earths-niobium resource of almost 280Mt at 2.45% total rare earth oxide (TREO) equivalent has shone a light on the enormous potential being proved by Aldoro at the 85%-owned Kameelburg asset in Namibia. 

The inferred resource comprises 1.16% TREO, 0.18% niobium and 177ppm molybdenum, and includes a high-grade zone of 136.5Mt at 2.93% TREO equivalent as well as 143.3Mt at 0.23% niobium pentoxide within the lower unit. 

At this stage, the resource only incorporates about half of the first phase drilling, represented by 12 diamond drill holes across 5543m, suggesting strong potential for resource growth as more results are integrated. 

Beyond the resource, the REE-niobium-molybdenum mineralisation remains open along strike and down dip, with additional holes to be included in an updated and expanded resource in August.

A favoured jurisdiction 

Kameelburg is about 300km north of Namibia’s capital Windhoek and 60km southwest of Otiwarongo along well-maintained bitumen roads. 

The industrial Port of Walvis Bay is 355km southwest of Kameelburg, which is connected by the TransNamib heavy haul freight railway. 

Namibia is considered a leading mining jurisdiction in Africa, with a stable government that has been in place since it gained independence from South Africa in the 1990s. 

The country is well known for its mineral endowment, which provides 25% of the country’s revenue, and particularly for uranium and diamonds, although critical minerals like rare earths are increasingly becoming a drawcard. 

Resource in just 11 months 

Aldoro Resources (ASX:ARN) chairperson Quinn Li said the delivery of the maiden inferred resource in just 11 months was a significant achievement. 

“Of note is that this maiden resource only encompasses the initial 12 diamond holes from the phase I drilling program where we intend to provide our shareholders with a further resource update encompassing the entire ~9,500 metre phase I diamond holes in the coming weeks,” she said. 

“That is where we expect the Kameelburg deposit to be undeniably of Tier-1 scale.

“It is rare to discover a deposit as large as Kameelburg that commences at surface with little overburden, is domiciled in the pre-eminent mining jurisdiction in Africa being Namibia and critically is supported by extensive commercialisation infrastructure already in place,” she added. 

“We continue to push aggressively with a proven commercialisation framework – metallurgical and recovery studies are to be completed in early September and maiden drilling at our adjacent tenement Omurango Carbonatite in the same month following completion of the Omurango magnetic survey which will commence in August.

“These critical upcoming milestones have the potential to confirm the presence of heavy rare earth elements and higher-grade niobium, consistent with our current supergene carbonatite mineralisation model.” 

This article was developed in collaboration with Aldoro Resources, a Stockhead advertiser at the time of publishing. 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.