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Aldoro Resources Says Diamond Drilling at Namibia Rare Earth Element-Strontium-Niobium Project Shows Highest Grade Drill Hole Results

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Aldoro Resources (ASX:ARN) said diamond drilling at its Kameelburg rare earth elements-strontium-niobium project in Namibia included the highest-grade drill hole results at the project, according to a Thursday Australian bourse filing.

It included a total intersection of 542.9 meters at 1.38% grade of total rare earth oxides, 4.08% grade of strontium carbonate, 0.2% grade of niobium pentoxide, and 306 parts-per-million of molybdenum.

It also encountered an intercept of 496 meters at 1.25% grade of total rare earth oxides, 3.87% grade of strontium carbonate, 0.18% grade of niobium pentoxide, and 130 parts-per-million of molybdenum.

The results confirm the system is continuous and high-grade across the full mineralized barrel at Drill Pad 8.

Its shares fell 1% in recent trading on Thursday.

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