Aldoro Resources (ASX:ARN) said recent test work achieved a niobium recovery level of 62.4% for a selected sample from the Kameelburg project in Namibia.
The results are in line with recoveries achieved by developing niobium explorers and producers, according to a Monday filing with the Australian bourse.
The recoveries provide "solid confidence" leading up to a planned maiden drilling that will target niobium dykes at Kameelburg.
Shares of Aldoro Resources surged 41% Monday.
Price (AUD): $0.10, Change: $+0.03, Percent Change: +40.85%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments