| Announcement Date: | 2022-10-12 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Aldoro Resources Ltd. |
| Project name: | Niobe |
| Location: | Australia |
| Commodities: | Lithium,Rubidium |
| Highlight: | Initial Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Aldoro Resources Limited (Aldoro, The Company) (ASX: ARN) is pleased to provide a maiden Inferred JORC Mineral Resource estimate for its 100% owned Niobe Rubidium-Lithium Project located 80km by road northwest of Mount Magnet, Western Australia. Ashmore Advisory Pty Ltd were contracted to undertake the resource modelling and helped in the phase 2 drilling planning to increase the confidence in the modelling. The Niobe Rubidium-Lithium Project consists of a cluster of pegmatite dykes that stretch across the 1.4km width of the prospecting licence P59/2137 and 6 named pegmatitic bodies have been identified with four consisting of multiple stacked dykes. Drilling has concentrated on five areas, Niobe Main, Northeast, Breakaway, Southeast and Niobe Flats (single dyke). The 2022 Aldoro drilling consisted of 115 holes for 7,318m with inclined holes (dip -55 /-60) varying from 30 to 156m deep and allowing the modelling up to 110m deep (vertical). Thick zones of mineralisation remain open (particularly in the south west of the Project) with mineralisation being open along strike and along |
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