InvestSMART

Aldoro Resources Ltd (ASX:ARN)

ALERT: Price-sensitive ASX Announcement for ARN
Current share price for ARN : $0.240 -0.03 (-11.11%)+
Announcement
Release
4 Aug 2026 8:52AM
Price at Release
$0.270
Full Release
download
Summary
Aldoro Resources Ltd announced a significant upgrade in the Mineral Resource Estimate for its Kameelburg Project, with contained NdPr surpassing Mt Weld and Mountain Pass levels. The estimate indicates 804.5 million tonnes at 2.90% TREO, highlighting a robust supply of NdPr critical for magnets. The cut-off grade is set at 0.5% TREO, suitable for open-pit mining. The project's infrastructure and location in Namibia, near a deep-water port, enhance its logistical advantages.
Key Points
  • Aldoro Resources Limited announced a significant upgrade in their Mineral Resource Estimate (MRE) at the Kameelburg Project.
  • The upgrade resulted in the contained NdPr exceeding the levels found at both Mt Weld and Mountain Pass.
  • The MRE now includes a total of 804.5 million tonnes at 2.90% TREO (Total Rare Earth Oxides), offering significant upside potential for rare earth supply.
  • The report indicates a strong presence of NdPr, crucial for high-performance magnets, with a TREO greater than 1%.
  • The resource estimate is based on a cut-off grade of 0.5% TREO for open-pit mining.
  • Aldoro has highlighted the high-recovery rates of rare earth elements and strontium in metallurgical test results.
  • The Kameelburg Project's infrastructure and location near a deep-water port in Namibia provide advantageous logistical support.
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.