Aldoro jumps 20% after hitting 388 metres of niobium mineralisation at Kameelburg

Aldoro Resources Ltd (ASX:ARN) has found uninterrupted niobium mineralisation across 388 metres at its Kameelburg project in Namibia, with sampling from the Line 3 site yielding grades of 0.52% Nb₂O₅ (niobium pentoxide).

Rare earths (REE) mineralisation has also been found on the line, which is open in all directions, and has been the focus of Aldoro’s sampling work for some time. These results represent the discovery of mineralisation across the final 168 metres of Line 3.

Several samples have been taken for metallurgical and beneficiation testing; the company is still awaiting another 4,500 metres of trench sampling.

In July, Aldoro enticed investors with strong niobium recoveries from Kameelburg, as metallurgical work done by Bureau Veritas Minerals in Perth had yielded recoveries of 62.4% through an open cycle of crushing, grinding, magnetic separation, acid wash and floatation completed on ore from the project.

Aldoro shares have risen on the Line 3 news, and at 10:36 AEDT they were trading at 35 cents – a rise of 20.69% since the Aussie market opened.

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