Aldoro Resources to diamond drill Narndee Nickel-PGE Project this month after IP survey defines targets
The company has booked the diamond drill rig for a mid-November start at Target 2.
Company
ASX:ARN
Aldoro Resources Ltd has a portfolio of critical minerals including rare earth, lithium, rubidium and base metal projects, located in Western Australia and Namibia. The company’s flagship project is the Narndee Nickel Project in Western Australia, which is prospective for nickel-copper-PGE mineralisation. Aldoro's other projects include the Kameelburg REE Project (Namibia), the Wyemandoo lithium-rubidium-tungsten project and the Niobe lithium-rubidium-tantalum project.
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The company has booked the diamond drill rig for a mid-November start at Target 2.
The MoU also aims to utilise the network of True Gains founder Hua Wang to expedite offtake discussions
The company has since kicked off a mining lease application process, advanced its Niobe scoping study and conducted a fauna and final heritage survey.
The IP surveys are targeting potential nickel-copper-PGE mineralisation at the project where the nickel-copper mineralisation model is based on the Callisto nickel-copper discovery of Galileo Mining in the Fraser Range.
The company plans to conduct a placement of 11 million shares priced at $0.225 and has received early indications of strong support and commitment from its major shareholders.
The company has kicked off a development feasibility study at the project which is one of the highest-grade undeveloped rubidium deposits globally.
The company is planning high-powered IP surveys over these nickel-copper-PGE targets, following up on reinterpreted electromagnetics and past drilling results.
The mineralogical results will aid the metallurgical processing of Niobe & Wyemandoo samples at China’s Central South University School of Minerals Processing & Bioengineering by renowned specialist Professor Zhiguo He.
Aldoro Resources has unearthed several broad pegmatite sections of over 50 metres in width at the Breakaway area of the Niobe Rubidium-Lithium Project in Western Australia, where previous assay returned 1.18% lithium, 7,624 parts per millio
The fresh intersections have helped the company understand the project's pegmatite orientation and plan for a follow-up drilling program at Wyemandoo.
Best individual assays were 1.81% lithium dioxide at 31 to 32 metres, 7,624 ppm rubidium at 42 to 43 metres, 1,565 ppm caesium at 36 to 40 metres and 732 ppm tantalum at 61 to 62 metres.
The company is encouraged by the results to date and is increasing the drilling program to 6,000 metres.
Experienced drilling contractor Three Rivers Drilling will provide an RC rig for the initial 48-hole, 3,500-metre program that is set to begin in the next five days.
Aldoro has struck notable grades of nickel, copper and cobalt in diamond drilling at the VC1 anomaly of the Narndee Project, confirming the prospectivity of the target.
Aldoro has completed the final stage of drilling at the Niobe Project in preparation for a mineral resource estimate, intersecting pegmatites in the majority of holes drilles at better-than-expected widths.
With over 35 years of experience as a geologist, Mitchell has worked in fields of exploration of rare metals, lithium and base metals in Australia and overseas.
Aldoro's latest set of assay results from the VC1 target of the Narndee Igneous Complex Project have returned higher grades than previously recorded, while the company continues to explore its tenure with both VTEM and large-scale HPFLTEM s
Average rare element grades at Wyemandoo, particularly rubidium, are demonstrably higher than those recovered at comparable other projects, and the company believes that Wyemandoo is shaping up to be a resource of “global significance”.
All 13 holes intersected pegmatites at multiple intervals below the surface.
The drilling program will continue to completion, with the company aiming to deliver a JORC 2012-compliant mineral resource once all testing results are in.