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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With Aurum focussed solely on development of Western Australian gold projects, Aldoro will focus on exploring its highly prospective Narndee and Windimurra projects.
The next few months will be busy for Aldoro as it commits to its next phase of drilling at VC1, which will target the two high priority off-hole targets.
The gold and nickel-focused explorer has encountered massive sulphides in all four holes at the VC1 target, which forms part of the broader Narndee Igneous Complex near Mount Magnet in Western Australia.
The massive sulphide mineralisation which appears to be thickening to the south also contains a significant amount of magnetite inclusions.
To support the expanded program, Aldoro has agreed to conduct a placement of 6 million shares to raise $2.4 million.
The company’s flagship project is the Narndee Igneous Complex, which is prospective for nickel-copper-PGE mineralisation.
East1 MLTEM conductor’s geological setting is similar to that at Quandonng Well Zone B, and it may represent a Volcanogenic Massive Sulphide (VMS) style target.
Orlando Drilling will arrive on site to commence nickel exploration drilling within days.
Aldoro has acquired the Wyemandoo and Niobe projects from private Western Australian resources business Meridian 120.
Securities will remain halted until Thursday, July 8, or when an announcement is released to the market.
The company’s field reconnaissance and mapping programmes were successful in confirming the locations of two key nickel-copper gossans and a pegmatite swarm with several areas identified for follow-up work
The company has deployed Socialsuite’s ESG technology platform to set its initial ESG baseline in its first quarterly ESG dashboard.
The resources boom has necessitated pushing planned dipole-dipole (2DIP) surveys to mid-July.
With a world-class base metals project and a fresh exploration strategy at hand, Aldoro is determined to be a stock to watch amid the green energy revolution.
