Funding and Resource Risks Loom as Aldoro Pushes Kameelburg Expansion
Aldoro Resources has confirmed a major expansion of its Kameelburg polymetallic deposit in Namibia, doubling the mineralisation footprint and enhancing drilling capabilities to deepen resource definition.
- Kameelburg discovery footprint doubles to 1.35km by 1.1km and remains open at depth
- Significant Rare Earth Elements, Niobium, and Molybdenum mineralisation confirmed across multiple drill holes
- Phase I drilling program expanded with new diamond rigs increasing maximum drilling depth by 40%
- Metallurgical testing shows promising recovery rates for Niobium and Molybdenum
- Strategic review underway for non-core assets while maintaining focus on flagship Kameelburg project
Expanding the Kameelburg Polymetallic Discovery
Aldoro Resources Ltd (ASX – ARN) has delivered a substantial update on its flagship Kameelburg Rare Earth Elements (REE), Niobium (Nb), and Molybdenum (Mo) carbonatite project in Namibia. The company announced that recent assay results from multiple diamond drill holes have confirmed a significant expansion of the mineralised footprint, now extending approximately 1.35 kilometres long by 1.1 kilometres wide and 510 metres deep. Importantly, mineralisation remains open at depth, suggesting further potential for resource growth.
The discovery exhibits a clear zonation pattern, with an upper layer enriched in rare earths forming a REE-Niobium-Molybdenum deposit, and a lower layer richer in niobium. This polymetallic assemblage is comparable in character to the world-class Niobec Saint Honore deposit in Quebec, Canada, underscoring the strategic value of Kameelburg.
Accelerating Drilling and Resource Definition
To capitalise on this momentum, Aldoro has expanded its Phase I drilling program, increasing the planned diamond holes and acquiring two new Nock diamond drilling rigs. These rigs will enable drilling depths to extend from the current 510 metres to approximately 740 metres, a 40% increase, allowing the company to test deeper mineralisation zones and adjacent carbonatite bodies. The rigs and associated equipment are expected to arrive on site by September, positioning Aldoro to expedite its Mineral Resource Estimate (MRE) targeted for completion by the end of the quarter.
Drilling results to date have been encouraging, with all reported holes ending in mineralisation and some intersecting the highest grades recorded at Kameelburg. The company’s metallurgical testing has demonstrated a niobium recovery rate of 62.4%, while molybdenum recovery is estimated at around 80%, aligning with industry benchmarks. These recovery rates support the commercial viability of the deposit.
Strategic Asset Review and Corporate Developments
Alongside its focus on Kameelburg, Aldoro is conducting a strategic review of its non-core exploration assets, including lithium-rubidium-tantalum and nickel-gold projects in Western Australia. While no decisions have been made regarding divestments, the review reflects management’s intent to optimise the company’s portfolio and capital allocation.
Financially, Aldoro strengthened its position through the exercise of listed options, raising over $1 million post-quarter, and retains an undrawn $1 million unsecured loan facility. The company reported a cash balance of $936,000 at quarter-end, with funding sufficient to support operations for just over one quarter. Corporate changes include the appointment of Mr Mauro Piccini as a non-executive director, bringing expertise in ASX reporting and governance, and the resignation of Mr Edwin Bulseco post-quarter.
Positioning for a Tier 1 Critical Minerals Discovery
With its extensive and high-grade polymetallic mineralisation, strategic location near infrastructure such as the Walvis Bay port and power supply, and ongoing drilling progress, Aldoro is positioning Kameelburg as a potential Tier 1 critical minerals resource. The project’s rare earth elements, particularly neodymium and praseodymium, alongside niobium and molybdenum, are in strong demand globally, driven by supply chain constraints and geopolitical factors.
As Aldoro advances towards its maiden resource estimate and continues to expand the discovery footprint, the market will be watching closely for further assay results and strategic developments that could shape the company’s trajectory in the critical minerals sector.
Bottom Line?
Aldoro’s expanding Kameelburg discovery and enhanced drilling capacity set the stage for a defining resource estimate and strategic growth.
Questions in the middle?
- How will pending assay results from southeast step-out holes influence the overall resource size and grade?
- What are the potential outcomes and timelines for the strategic review of Aldoro’s non-core assets?
- How will Aldoro manage funding beyond the current cash runway to sustain its expanded drilling and development plans?