Financial Wire

Aldoro Resources Confirms Further Rare Earth Element Mineralization at Namibia Deposit; Shares Down 10%

-- Aldoro Resources (ASX:ARN) confirmed further rare earth element and strontium mineralization at the Kameelburg deposit in Namibia, following the receipt of results for diamond drill hole DD004F, according to a Tuesday filing with the Australian bourse.

The drill hole encountered "significant" mineralization in multiple zones as it was tested to the current collar depth of 354 meters and remains open at depth, the filing said.

An updated mineral resource report is expected to be released within the next two weeks, per the filing.

Shares fell almost 10% in morning trade Tuesday.

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Aldoro Resources Confirms Further Rare Earth Element Mineralization at Namibia Deposit; Shares Down 10% | Financial Wire