Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Aldoro Resources Ltd. ( (AU:ARN) ) has shared an update.
Aldoro Resources has launched and expanded its Phase II diamond drilling program at the Kameelburg REE-Niobium Project in Namibia, adding 11,000 metres of appraisal and metallurgical drilling aimed at resource expansion, metallurgical sampling, beneficiation test work and preparation for a JORC resource upgrade. The company is acquiring a Diamec Smart 8 drill rig via share issuance and has secured discounted drilling services under a drill-for-equity arrangement, moves that are expected to significantly cut costs, accelerate collection of metallurgical core, streamline permitting and support feasibility and development pathways, while ongoing exploration at the Omurango Heavy REE Project underscores its broader push to build a globally significant rare earths and niobium resource base.
The most recent analyst rating on (AU:ARN) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Aldoro Resources Ltd. stock, see the AU:ARN Stock Forecast page.
More about Aldoro Resources Ltd.
Aldoro Resources Ltd is an ASX-listed mineral exploration company focused on rare earth elements (REE) and niobium, with its flagship Kameelburg REE-Niobium Carbonatite Project in Namibia. The company is also advancing the Omurango/Omuronga Heavy REE Project, targeting high-value critical minerals such as heavy rare earths, niobium, gold and copper within an emerging African critical minerals district.
Average Trading Volume: 173,890
Technical Sentiment Signal: Buy
Current Market Cap: A$108.7M
Learn more about ARN stock on TipRanks’ Stock Analysis page.