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Aldoro Resources Ltd. ( (AU:ARN) ) just unveiled an update.
Aldoro Resources Ltd has announced a maiden independent JORC Mineral Resource Estimate for its Kameelburg Rare Earth Element-Niobium project in Namibia, highlighting a significant inferred mineral resource of 279.9 million tonnes at 2.45% TREO equivalent. This development underscores the potential for the Kameelburg project to emerge as a strategic alternative to the current Chinese supply of rare earth elements, with further resource growth anticipated as additional drilling and metallurgical test work progresses.
More about Aldoro Resources Ltd.
Aldoro Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of rare earth elements and niobium. The company is primarily engaged in projects located in Namibia, with a significant emphasis on the Kameelburg Rare Earth Element-Niobium project.
Average Trading Volume: 318,623
Technical Sentiment Signal: Buy
Current Market Cap: A$56.32M
See more insights into ARN stock on TipRanks’ Stock Analysis page.