Kameelburg among world’s best with Aldoro lifting REE resource 85% to 520Mt

• Aldoro increases Kambeelburg’s resource to 520.61Mt at 2.49% TREO Eq
• Scope remains for a further increase in the resource and grade with second phase drilling to kick off in October 
• Phase II aims to enhance the scale of the Kameelburg further by drilling down to 750m 

Special Report: Aldoro Resources has lifted the resource at its Kameelburg project by 85% to 520.61Mt at 2.49% TREO Eq, cementing its status as a world-class rare earths deposit in one of Africa’s premier mining jurisdictions, Namibia. 

The inferred resource includes a high-grade zone of 271Mt at 2.90% TREO Eq at a 1% TREO cut-off, as well as 231.59Mt at 0.24% niobium within the lower unit at a 0.1% Nb205 cut-off. 

Kameelburg’s scale is now undeniable, with inferred resources topping 1Mt of NdPr and niobium. 

Its standout 21% NdPr ratio sits at the top end of global averages and in the top quartile of hard-rock peers, making it ideal for magnet feedstock.

Scale, grades and near-surface advantage 

Aldoro (ASX:ARN) believes Kameelburg now stands shoulder-to-shoulder with Canada’s famed Niobec Saint-Honoré carbonatite, but with higher grades, favourable geology and clear development advantages that highlight its strong value potential.

Niobec Saint-Honoré holds a resource of 640Mt at 0.41% niobium and 1.63% TREO but where Kameelburg really shines is in scale and mineability, with its carbonatite body stretching over 160 hectares. 

On top of that, it’s largely near-surface, unlike Saint-Honoré which sits on a much smaller 40-hectare footprint buried under 100m of limestone and overburden.

Evidence of the value of these large REE deposits comes from the recently improved and successful offer by China’s Shenghe Resources for Peak Rare Earths (ASX:PEK) from $158m to $195m. 

PEK holds the Ngualla REE project in Tanzania with a resource of 214.4Mt grading 2.15% REO for 4.61Mt of REO and an ore reserve of 18.5Mt grading 4.80% REO for 887,000t.  

With second phase drilling set to kick off at Kameelburg in October using rigs capable of reaching 750m, Aldoro aims to extend the resource further along strike and at depth, while also chasing the newly discovered high-grade niobium zone.

Among world’s top three REE-niobium assets 

ARN chairperson Quinn Li said the resource confirmed Kameelburg as the largest, rare earth-niobium project in Africa and firmly positioned it among the top three assets of its kind globally. 

“I would like to take this opportunity to extend my deepest appreciation to our Technical Director, Dr. Fu, whose outstanding leadership has guided the team in the right direction in this huge discovery,” she said. 

“This achievement not only rewards our shareholders with significant value but also lays a strong foundation for the next phase of growth. 

“With the implementation of Phase 2, we will focus on unlocking the Heavy REE potential at EPL 7372 (Omurango), upgrading the Kameelburg resource at EPL 7373, and further enhancing the high-grade Nb resources.

“Together, these initiatives are expected to drive substantial additional value growth for the company and position Aldoro at the forefront of global REE and Nb development.” 

Upcoming exploration work 

Geophysical and geochemical surveys are set to kick off in October at the nearby Omurango tenement (EPL 7372), where the focus will be on zeroing in on high-grade rare earth targets.

At the same time, metallurgical testwork is underway and expected to wrap up soon.

With new rigs now on site capable of drilling down to 750m, the phase II drilling program is set to get underway in October.

This next phase will not only test deeper parts of the Kameelburg deposit but also extend drilling to the west, targeting the newly discovered high-grade niobium zone.

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.