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Aldoro Resources Ltd (ASX:ARN)

ALERT: Price-sensitive ASX Announcement for ARN
Current share price for ARN : $0.235 -0.03 (-11.32%)+
Announcement
Release
24 Jul 2026 12:26PM
Price at Release
$0.265
Full Release
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Summary
Aldoro Resources Ltd's quarterly report for the period ending June 30, 2026, highlights a focus on the Kameelburg Project, with significant exploration expenditure and a newly reported strontium resource. Despite no major mining production activities, the company reported a cash balance of $74k and has taken steps to raise additional funds to support ongoing operations. The board remains confident in achieving future business objectives.
Key Points
  • Aldoro Resources Ltd reported exploration and evaluation expenditure of $588k for the quarter.
  • No substantive mining production activities were conducted during the quarter.
  • Director fees for the quarter amounted to $72k.
  • The Kameelburg Project remains a significant focus with high-grade REE-Nb-Sr mineralisation.
  • A maiden Strontium Mineral Resource of 596.01 Mt @ 2.17% Sr was reported.
  • Net cash used in operating activities for the quarter was $222k.
  • The cash balance at the end of the quarter was $74k.
  • Aldoro entered into convertible note agreements to raise $4,300,000 post-quarter.
  • The board anticipates continued operations and meeting business objectives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.