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Aldoro Resources Ltd. ( (AU:ARN) ) has provided an update.
Aldoro Resources Ltd has announced a strategic review of its non-core exploration portfolio following interest from external parties. The review will consider various commercial options, including potential sales or capital initiatives, focusing on projects like the Niobe, Wyemandoo, and Narndee projects. The flagship Kameelburg project remains the primary focus and is not under consideration for divestiture. The company has not yet decided on any asset divestiture and advises shareholders against making assumptions about potential transactions.
More about Aldoro Resources Ltd.
Aldoro Resources Ltd is an ASX-listed mineral exploration and development company with a portfolio of critical minerals projects, including rare earth, lithium, rubidium, and base metals. The company’s key projects include the Kameelburg REE & Niobium Project in Namibia and several projects in Western Australia, such as the Wyemandoo lithium-rubidium-tungsten project, the Niobe lithium-rubidium-tantalum project, and the Narndee Igneous Complex project.
Average Trading Volume: 540,310
Technical Sentiment Signal: Buy
Current Market Cap: A$59.62M
See more insights into ARN stock on TipRanks’ Stock Analysis page.