Aldoro Resources Gets Namibia Regulator's Approval to Explore Kameelburg Licenses

MT Newswires Live08-12

Aldoro Resources (ASX:ARN) said Monday that Namibia's Ministry of Mines approved the renewal of the Kameelburg project's exclusive prospecting licenses 7372, 7373, and 7895.

The renewal of the licenses allows the miner to advance exploration drilling at the Kameelburg carbonatite in EPL 7373, according to a filing with the Australian bourse.

A 2,000-meter drill program will target high-grade niobium dykes and rare earth elements at the carbonatite's southwest edge, the filing said. Drilling preparations are underway, with the program set to begin by the end of the third quarter.

The company's shares gained more than 1% in recent Monday trade.

Price (AUD): $0.08, Change: $+0.001, Percent Change: +1.25%

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