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Aldoro Resources Ltd. ( (AU:ARN) ) has provided an update.
Aldoro Resources has responded to an ASX query about the conversion of performance rights tied to mineral resource milestones originally framed in terms of a gold equivalent grade. The company clarified that the milestones required announcement of JORC-compliant mineral resource estimates at an equivalent of 2 grams per tonne gold, not that the resources themselves be reported as gold-equivalent, and that total rare earth oxides (TREO) were treated as a gold-equivalent mineral for these purposes. Aldoro said it engaged independent consultant Lily Valley International to calculate a gold-equivalent regression based on TREO, niobium and molybdenum prices and recoveries, and relied on those reports to confirm that its August and September 2025 resource estimates at Kameelburg exceeded the tonnage thresholds for milestone satisfaction. The board argued that investors would reasonably expect the milestones to relate to the Kameelburg rare earths-focused project and that publishing gold-equivalent resource figures would be misleading given the project’s limited gold mineralisation and primary focus on rare earth and related metals.
More about Aldoro Resources Ltd.
Aldoro Resources Ltd is an Australian exploration company focused on the Kameelburg Project, which is prospective for rare earth elements, niobium and molybdenum rather than gold, and reports its mineral resources in compliance with the JORC 2012 Code.
Average Trading Volume: 299,696
Technical Sentiment Signal: Buy
Current Market Cap: A$88.34M
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