Kameelburg Project Boasts 520Mt Inferred Resource at 2.49% TREO Eq, Phase II Drilling Starts
Aldoro Resources has confirmed a substantial inferred mineral resource at its Kameelburg Rare Earth Element and Niobium project in Namibia, with Phase II drilling underway targeting high-grade zones. The company also moves to streamline its portfolio by divesting non-core assets.
- Phase I drilling confirms 520Mt inferred resource with significant TREO, Nb2O5, and Mo grades
- Resource remains open at depth and along strike, with Phase II drilling targeting high-grade niobium
- Divestment agreements signed for non-core Western Australian and Namibian projects
- Exploration commenced at Omuronga project focusing on heavy rare earth elements
- Financial position supported by option exercises and $1 million loan facility
Kameelburg Emerges as a Strategic Rare Earth and Niobium Asset
Aldoro Resources Ltd (ASX, ARN) has delivered a landmark update on its flagship Kameelburg Rare Earth Element (REE) and Niobium project in Namibia, confirming a maiden inferred mineral resource estimate of over 520 million tonnes. The resource boasts a total rare earth oxide equivalent grade of 2.49%, with notable concentrations of niobium and molybdenum, positioning Kameelburg as a globally significant polymetallic deposit.
The Phase I drilling program, completed during the quarter, encompassed 24 diamond drill holes totaling 9,525 meters. Assay results revealed a dual-layer carbonatite system with a REE-rich upper zone and a niobium-dominant lower zone. Importantly, mineralisation remains open at depth and along strike, suggesting substantial upside potential.
Targeting High-Grade Zones with Phase II Drilling
Building on these promising results, Aldoro has mobilised new diamond drilling rigs capable of reaching depths of up to 750 meters to commence Phase II drilling. This program specifically targets high-grade niobium zones along the western margin and at depth within the Kameelburg carbonatite. Early indications from recent drill holes show increasing grades of niobium and rare earth elements, underscoring the potential for resource expansion and grade enhancement.
Alongside drilling, metallurgical testwork is ongoing to better understand the processing characteristics of the ore, a critical step toward project development.
Strategic Portfolio Streamlining and New Exploration Frontiers
In a move to sharpen its focus on Kameelburg, Aldoro has entered into sale agreements to divest its non-core assets, including the Niobe, Narndee, and Wyemandoo projects in Western Australia, as well as EPL 7895 in Namibia. These divestments, subject to shareholder and regulatory approvals, will allow Aldoro to concentrate resources and capital on advancing its flagship project.
Meanwhile, exploration activities have commenced at the Omuronga project in Namibia, targeting heavy rare earth elements. Initial geophysical surveys have identified a magnetic anomaly comparable in scale to Kameelburg, and maiden drilling is scheduled to begin shortly. This exploration could unlock additional strategic resources in a region already proving highly prospective for critical minerals.
Financial Position and Corporate Developments
Financially, Aldoro reported a cash balance of $540,000 at quarter-end, supported by approximately $750,000 raised through option exercises during the period. The company retains access to a $1 million unsecured loan facility from a director, providing additional liquidity. The board has also seen the vesting of performance rights into shares, reflecting milestone achievements.
Shareholder approval will be sought at the upcoming Annual General Meeting for the in-specie distribution of shares related to the divestment agreements, a key step in executing the company’s strategic portfolio realignment.
Bottom Line?
With Phase II drilling underway and a sharpened focus on its world-class Kameelburg deposit, Aldoro is poised to redefine its role in the global rare earth and niobium supply chain.
Questions in the middle?
- How will Phase II drilling results impact the size and grade of the Kameelburg resource?
- What are the expected timelines and outcomes for metallurgical testwork at Kameelburg?
- How will the divestment of non-core assets affect Aldoro’s financial flexibility and project focus?
