Aldoro Resources Ltd (ASX:ARN) is trading higher as it continues to advance a fieldwork program focused on mapping niobium-rich dykes at the Kameelburg Rare Earth Elements (REE) Project in Namibia, extending intermittent strike length to more than 200 metres with multiple narrow dykes identified.
The company previously unearthed results between 5% and 9% niobium oxide in rock chip sampling at the project and is now seeking to determine the extent of this mineralisation.
Mapping efforts are ongoing, investigating additional dykes at the periphery of the REE-rich carbonatite geology with rock chip sampling and costeaning, a method of sinking small pits into solid rock to acquire a horizontal cross-section across dykes.
Shares are 34.31% higher on the ASX this morning to $0.125 after the company released the news.
Maiden drilling and metallurgy
Aldoro is gearing up for a maiden drilling program at the Kameelburg Project’s REE dykes, using the data and modelling gained from fieldwork to target drill collars strategically, offering the best chance of intersecting high-grade REE mineralisation.
The company is advanced in its negotiations with a drilling contractor, which is expected to complete 2,000 metres of diamond drilling.
A backlog at the QEMSCAN facility due to the Christmas period has delayed metallurgical work for REEs and niobium sourced from Kameelburg.
Aldoro is awaiting data on the mineralogy and petrological makeup of the mineral grains observed at the project, which will offer information on the morphology and size of the mineralisation, enabling a fine-tuning of sizing and floatation agents – results are pending.
A new country manager/geologist in Andreas Palfi has also been appointed to oversee the detailed mapping and sampling of the niobium and REE-rich dykes allowing for a maiden drill program to begin.