Aldoro Says Assay Results From Namibia Project Return High-Grade Intercepts; Shares Fall 4%
MT Newswires Live
May 04
Aldoro Resources (ASX:ARN) said two phase 2 diamond holes at the Kameelburg project in Namibia returned wide, high-grade rare earth elements, strontium, and niobium intercepts, according to a Monday Australian bourse filing.
This included a niobium intercept of 11 meters at 0.8% grade of niobium pentoxide from 102 meters, as well as 5 meters at 2.9% grade of total rare earth oxides and 7.6% grade of strontium carbonate from 64 meters.
The results confirmed the scale and continuity of the Kameelburg carbonatite mineral system in all four directions from the central core, the company said.
Aldoro Resources' shares fell past 4% in recent trading on Monday.
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