Companies:

 

Articles:

 
Mining

Aldoro Resources Reveals Promising Niobium Findings at Kameelburg Project in Namibia

Go to Colin Hay author's page
By Colin Hay - 
Aldoro Resources ASX ARN Niobium Findings Kameelburg Namibia
Copied

Aldoro Resources (ASX: ARN) has received further strong rare earth element (REE) and niobium results as it prepares to release an updated mineral resource estimate (MRE) for its Kameelburg project in Namibia.

The company’s latest drilling at the 85%-owned Kameelburg has further confirmed continuity and scale, with results from two new holes returning high-grade niobium up to 4.14%.

Notably, a new hole targeting the westerly extent of the carbonatite zone at Kameelburg encountered around 140 metres of high-grade niobium, taking the extent of the discovery to approximately 1,100m.

Improved Tonnage and Grade

Aldoro unveiled a maiden inferred MRE earlier this month for Kameelburg project of 279.9 million tonnes at 2.45% total rare earth oxides (TREO) equivalent at a 0.5% TREO cut-off.

Chair Quinn Li said the results from the two newest holes would add significant tonnage and grade to the updated MRE, with the high-grade niobium mineralisation intersected adding further support of the company’s internal models.

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

Kameelburg is located approximately 300km north of Namibia’s capital Windhoek, while the TransNamib heavy haul freight railway passes within 2km of the project.

Significant Development Upside

The maiden inferred MRE for Kameelburg only incorporated around half the Phase 1 drilling program results, and Aldoro believes the project still offers significant development upside.

Aldoro’s work at Kameelburg has also suggested that large tonnage and the thick zone of mineralisation in the project area may be conducive to bulk mining methods, including open-pit mining.

Aldoro is now preparing to investigate the presence of heavy rare earth elements and higher-grade niobium as it commences activities at the Omuronga carbonatite area.

“The occurrence of a deeper high-grade zone of mineralisation to the west of the carbonatite represents an exciting area that warrants further exploration when our larger diamond rigs arrive in September,” Mr Li added.