Financial Wire

Aldoro Resources Confirms Rare Earth Element, Strontium Mineralization at Namibia Deposit; Shares Up 4%

-- Aldoro Resources (ASX:ARN) confirmed rare earth element and strontium mineralization at the Kameelburg deposit in Namibia with the receipt of assay results for diamond drill hole DD004E, according to a Wednesday filing with the Australian bourse.

DD004E intersected 387 meters of continuous mineralization at the deposit, featuring rare earth elements, strontium, niobium, and molybdenum within the Kameelburg carbonatite, the filing said.

The company will now start bulk sampling retrieval from across the carbonatite, per the filing.

Shares rose 4% in morning trade on Wednesday.

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