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Aldoro Resources Ltd. ( (AU:ARN) ) has provided an announcement.
Aldoro Resources has reported strong assay results from the Phase II drilling program at its Kameelburg carbonatite project, with diamond hole DD005F intersecting 525 meters of continuous mineralisation containing rare earth elements, strontium, niobium and molybdenum. The hole ended in mineralisation, suggesting the system remains open at depth and confirming the presence of extensive mineralised zones.
DD005F returned an average grade of 1.20% TREO and 3.55% SrCO3 across the entire 525 meters, representing about a 50% improvement in REE and strontium grades over the previously reported step-out hole DD005E. A series of shallow, higher-grade intercepts from surface and near-surface enhances the potential for early mining optionality and may strengthen Aldoro’s positioning in the critical minerals space, pending further drilling and project studies.
The most recent analyst rating on (AU:ARN) stock is a Sell with a A$0.33 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 exploration company focused on rare earth elements, niobium, strontium and associated critical minerals. The company is advancing its Kameelburg carbonatite project, targeting large-scale deposits of REE and niobium that could support demand from high-tech, energy transition and industrial markets.
Average Trading Volume: 193,047
Technical Sentiment Signal: Buy
Current Market Cap: A$95.67M
See more data about ARN stock on TipRanks’ Stock Analysis page.