New Risk • Apr 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.9m free cash flow). Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$41k revenue, or US$29k). Minor Risk Market cap is less than US$100m (AU$99.1m market cap, or US$71.0m). Annuncio • Mar 20
Coppermoly Limited (ASX:COY) acquired Wyemandoo Project and Altilium Metals Pty Ltd from Aldoro Resources Limited (ASX:ARN). Coppermoly Limited (ASX:COY) entered into a binding sale agreement to acquire Wyemandoo Project and Altilium Metals Pty Ltd from Aldoro Resources Limited (ASX:ARN) for AUD 0.1 million on September 17, 2025. A cash consideration of AUD 0.1 million will be paid by Coppermoly Limited.
Completion of the transaction remains subject to customary conditions precedent, including due diligence, regulatory approvals and assignment documentation.
Coppermoly Limited (ASX:COY) completed the acquisition of Wyemandoo Project and Altilium Metals Pty Ltd from Aldoro Resources Limited (ASX:ARN) on March 20, 2026. Annuncio • Sep 25
Aldoro Resources Limited, Annual General Meeting, Nov 11, 2025 Aldoro Resources Limited, Annual General Meeting, Nov 11, 2025. Location: unit 1, 1 centro ave, wa 6008, subiaco Australia Annuncio • Sep 18
Sultan Resources Limited (ASX:SLZ) entered into a sale agreement to acquire Gunex Pty Ltd from Aldoro Resources Limited (ASX:ARN) for AUD 3.6 million. Sultan Resources Limited (ASX:SLZ) entered into a sale agreement to acquire Gunex Pty Ltd from Aldoro Resources Limited (ASX:ARN) for AUD 3.6 million on September 17, 2025. In consideration for the acquisition, Sultan Resources Limited will undertake several actions. Firstly, it will pay Aldoro a non-refundable cash deposit of AUD 0.05 million. Additionally, the Company will issue 286,449,355 Sultan shares, known as "Sultan Consideration Shares," which will be distributed to Aldoro shareholders on a one-for-one basis. Currently, this distribution involves 217,727,310 Sultan Consideration Shares based on the existing Aldoro shares on issue, with the remaining 68,722,045 Sultan Consideration Shares to be retained by Aldoro, referred to as the "In-Specie Distribution." Furthermore, the Company will make deferred cash payments to Aldoro totaling AUD1.5 million. This includes AUD 0.75 million payable upon achieving a Mineral Resource Estimate of at least 25 million tonnes at an average grade equal to or greater than 0.8% Ni from the projects, and an additional AUD 0.75 million upon a decision to mine being made at any of the projects, with both payments to be made within 36 months following completion. The completion of the acquisition transaction is contingent upon the fulfillment (or waiver, if permitted and agreed upon by the relevant party) of several conditions. These include the completion of due diligence by the Company, approval by the Company's shareholders for the issuance of the Sultan Consideration Shares, and the receipt of all necessary regulatory approvals in accordance with the Listing Rules, Corporations Act, or any other applicable laws to enable the lawful completion of the transaction. Additionally, the parties must obtain all required third-party regulatory consents or approvals, including the release of Altia Pty Ltd as the guarantor of Gunex Pty Ltd under the Gunex Royalty Deed, and the execution of deeds of assignment. Board Change • Apr 30
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Executive Chairwoman Quinn Lee Li is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$65.6m market cap, or US$41.3m). New Risk • Jan 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$46.3m market cap, or US$28.7m). New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 17% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$17.5m market cap, or US$11.2m). Annuncio • Sep 25
Aldoro Resources Limited, Annual General Meeting, Nov 13, 2024 Aldoro Resources Limited, Annual General Meeting, Nov 13, 2024. Location: unit 1, 1 centro ave, subiaco wa 6008, Australia New Risk • Sep 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.0m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$10.8m market cap, or US$7.21m). Annuncio • Jul 24
Aldoro Resources Limited has announced a Derivatives Offering in the amount of AUD 0.673119 million. Aldoro Resources Limited has announced a Derivatives Offering in the amount of AUD 0.673119 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 33,655,936
Price\Range: AUD 0.02
Transaction Features: Rights Offering Board Change • Apr 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Caigen Wang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 29
Aldoro Resources Limited has announced a Derivatives Offering in the amount of AUD 0.127661 million. Aldoro Resources Limited has announced a Derivatives Offering in the amount of AUD 0.127661 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 23,457,264
Price\Range: AUD 0.005
Security Name: Options
Security Type: Equity Option
Securities Offered: 2,075,000
Price\Range: AUD 0.005
Transaction Features: Rights Offering Annuncio • Sep 20
Aldoro Resources Limited, Annual General Meeting, Nov 09, 2023 Aldoro Resources Limited, Annual General Meeting, Nov 09, 2023. Location: Level 2, 23 Railway Road Subiaco WA 6008 WA Australia Agenda: To consider the election of Directors; and to consider other issues. New Risk • Aug 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.4m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (AU$8.8k revenue, or US$5.6k). Minor Risks Shareholders have been diluted in the past year (35% increase in shares outstanding). Market cap is less than US$100m (AU$18.2m market cap, or US$11.7m). Annuncio • Jul 14
Aldoro Resources Ltd Advises Dr Caigen Wangwill Join the Board as A Non-Executive Director, Effective 17 July 2023 Aldoro Resources Ltd. advised that Dr Caigen Wangwill join the board as a non-executive director effective 17 July 2023. Dr Wang has a successful track record in generating returns for shareholders and "discovery-to-mine" execution as evidenced by the founding of Tietto in 2010 following a long career as a mining engineer, mining academic and mine manager in Australia, Canada and China. Earlier in his career, Dr Wang spent 7 years as a lecturer and associate professor at the China University of Mining and Technology. During his time as founder at Tietto, Dr Wang led the Company's ASX listing as an explorer at a valuation of circa $30 million to its current market capitalisation of circa $600 million reflecting it being Africa's newest gold producer with gold production forecast of over 200,000 oz per annum at its Abujar Gold Mine in Côte D'Ivoire. In addition, Dr Wang was previously CEO of Ishine Resources, an ASX-listed explorer with multiple Australian exploration projects. He also held senior positions as a mining engineer for St Barbara, BHP, Hunan Westralian and Sons of Gwalia. Dr Wang holds a Bachelor, Master and PhD in Mining Engineering and is a fellow of AusIMM. Annuncio • Jun 14
Aldoro Resources Limited, Annual General Meeting, Jul 17, 2023 Aldoro Resources Limited, Annual General Meeting, Jul 17, 2023, at 11:00 W. Australia Standard Time. Location: Mirador Corporate, Level 2, 23 Railway Road, SUBIACO WA 6008 Subiaco Australia Agenda: To consider the ratification of prior issue of placement shares listing rule 7.1; to consider the ratification of prior issue of placement shares listing rule 7.1A; to consider the approval to issue lead manager options xcel capital; to consider the approval to issue participation securities to related party troy flannery; to consider the approval to issue participation securities to related party LINCOLN HO; to consider the issue of options to placement participants; to consider the ratification of prior issue of me consideration shares mining equities; to consider the issue of incentive options to director LINCOLN HO; to consider the issue of incentive options to director TROY FLANNERY; to consider the placement of new options; and to consider other matters if any. New Risk • Jun 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.4m free cash flow). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (AU$8.8k revenue, or US$5.9k). Market cap is less than US$10m (AU$14.8m market cap, or US$9.97m). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). Annuncio • Jan 17
Aldoro Resources Ltd Announces Drilling & IP Exploration Progressing Well At Narndee Aldoro Resources Ltd. announced that four diamond holes (NDD0023-0026) have been completed for a total of 1,851 meters into Target area 2 intersecting variable quantities disseminated sulphides in all holes. A total of 61m of drill core bearing disseminated sulphides from NDD0025 has been cut with 1m half cores dispatched to Intertek, for analytical assaying. The core from a disseminated sulphide zone 228 to 289m depth (inclined at -75o) produced two anomalous zones of PGE, Au and Ni. Two holes were drilled into Target 2 along line 5400 identified from Induced Polarisation (IP) surveying where first hole (NDD0023) drilled into a faulted contact dominated by magnetite with disseminated pyrrhotite and chalcopyrite form 480 to 543m. The second hole (NDD0024) intersected a pervasively altered ultramafic with minor blebs of pyrite and chalcopyrite to 546m depth. The IP sounding produced a north-south chargeability anomaly along a faulted margin in the east of Target 2 which was tested with a third hole (NDD0025) that intersected disseminated sulphides, from 218 to 287m in a pervasively altered ultramafic. IP sounding was conducted over Target Areas 1 and 2 at 100m spacing and covered the VC1 area which has previously reported disseminated to massive sulphides. After NDD0024 was drilled, the hole was accessed to test upward chargeability and resistivity over the surrounding area to provide depth control in the IP signal. The chargeability at 300m depth with the four drill holes completed to date. Interpretation reveals two east-west faults with displacement to the west. At hole NDD0023 magnetite was intersected which may be associated with oxidation on the northern continuation of the high chargeability anomaly. The eastern anomaly line was drilled at 5800mN via hole NDD0025 and the cross section along this line shows the chargeability profile with the disseminated sulphides coinciding with the chargeability feature with depth extent and appears adjacent to a steeply dipping fault controlled lithological contact. Hole 4 (NDD0026) lies 100m to the north of NDD0025 and tested part of the northern strike extent of the feature, which was considered to have shallower sulphides. This North-South feature appears to continue northward and is visible in the recently completed IP Gradient Array data. Hole 5 (NDD0027) lies on the 6700mN line and targets the north-south elongate chargeability target with a coincident resistivity low. The hole is currently at approximately 80m depth in a fractured altered anorthosite. The Narndee exploration programme resumed on the first week of January 2023 and planning includes the following: further drilling along the Eastern Target anomaly; testing the Target 3 Central Target; drilling the possible displaced extension of VC1 on line 5100 and drilling; Further IP sounding to be conducted over the central and eastern targets to refine the placement of drill collars. Annuncio • Dec 08
Aldoro Resources Limited (ASX:ARN) completed the acquisition of E58/571 Located in the Mt Magnet Area of Western Australia from Mining Equities Pty Ltd. Aldoro Resources Limited (ASX:ARN) entered into a binding heads of agreement to acquire E58/571 Located in the Mt Magnet Area of Western Australia from Mining Equities Pty Ltd for AUD 0.22 million on August 4, 2021. Aldoro Resources will pay Mining Equities AUD 0.05 million in cash and 325,000 shares on the date that is ten business days following grant of the tenement application. The transaction is subject to completion of financial, legal and technical due diligence by Aldoro on the tenement, to the satisfaction of Aldoro, the parties obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules, the parties obtaining all third-party approvals and consents, including the consent of the Minister responsible for the Mining Act 1978 (WA) (Mining Act) (if required), Mining Equities, Aldoro and, if necessary under the third party agreements, the relevant third party, executing a deed of assignment and assumption in relation to each third party agreement. If the conditions precedent are not satisfied on the date that is 270 days following the execution date, then any party may terminate the agreement by notice in writing to the other party. Settlement of the acquisition will occur on the date that is two business days after the satisfaction or waiver of the last of the conditions precedent.
Aldoro Resources Limited (ASX:ARN) completed the acquisition of E58/571 Located in the Mt Magnet Area of Western Australia from Mining Equities Pty Ltd on December 6, 2022. Annuncio • Nov 16
Aldoro Resources Limited Commences Drilling on Narndee Nickel-Copper IP Targets Aldoro Resources Ltd. announced that diamond drilling has commenced at Target 2, line 5400 identified from Induced Polarisation (IP) surveying where it is targeting potential Ni-Cu-PGE mineralisation. The Narndee Ni-Cu mineralisation model is based on the Callisto Ni-Cu deposit in the Fraser Range held by Galileo Mining Limited. IP surveying is continuing to the north of Target 2 in an attempt to close out of the northern extension of Target 2. Target 2: lies 500m to the north of Target 1 and is based on a very strong aeromagnetic anomaly associated with VTEM and the PGE geochemical anomalies as well as surface gossans. The model for this location is shown in Figure 2 with basal Ni-Cu ore body at depth with a faulted offset with possible PGE's association. The 2D chargeability and resistivity sections for line 5400N (Target 2) are shown in Figure 5 and 6 respectively. Interpretation has identified an inferred contact between peridotite (ultramafic) and an underlying mafic (basalt or gabbronorite) with an associated response consistent with that expected for massive sulphides. The upper peridotitic layer has been historically RC drilled by Falconbridge (circa 2003) and intersected peridotite with up to 0.3%Ni and up to 0.26g/t Pd. The chargeability profile shows that these holes appear not to have been drilled deep enough, or too far east to intersect the inferred mineralised contact zone. The chargeability and resistivity responses are consistent along all three Target 2 profiles conducted to date suggesting the contact anomaly has strike extent over 200m north south and open ended to the north and south. The Target 2 lines were extended some 250m to the west to cover the anomaly. Board Change • Nov 16
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Troy Flannery is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Nov 04
Aldoro Resources Limited Announces Narndee Ni-PGE to Be Drilled in November Following Successful IP Program Aldoro Resources Limited announce that the Induced Polarisation (IP) surveying has recorded a geophysical signature consistent with a massive sulphides response and is associated with a local fault. Two target areas, T1 and T2 have been surveyed to date with the intervening area currently being infilled. The 2D chargeability and resistivity sections for line 5400N are shown. nterpretation has identified an inferred contact between peridotite (ultramafic) and an underlying mafic (basalt or gabbronorite) with an associated response consistent with that expected for massive sulphides. The upper peridotitic layer has been historically RC drilled by Falconbridge (circa 2003) and intersected peridotite with up to 0.3%Ni and up to 0.26g/t Pd. The chargeability profile shows that these holes appear not to have drilled deep enough, or too far east to intersect the inferred mineralised contact zone. The chargeability and resistivity responses are consistent along all three Target 2 profiles conducted to date suggesting the contact anomaly has strike extent over 200m north south and open ended to the north and south. The Target 2 lines were extended some 250m to the west to cover the anomaly. A diamond drill rig has been booked and drilling is expected to commence in mid-November at Target 2's DH01. The IP surveying is expected continue after the Target 1 to Target 2 infill lines are completed with gradient array IP planned for the broader Target 3 to the north and a block west of Target 1&2. The boundaries of the surveys are still in planning stage. Annuncio • Nov 01
Aldoro Resources Limited Announces Niobe Advancing Feasibility & Project Development Aldoro Resources Limited provided an update on its 100% owned Niobe Rubidium-Lithium Project, located 80km by road northwest of Mount Magnet, Western Australia. Newland Environmental Consultants were engaged to undertake the Flora and Vegetation survey across the Niobe tenement. An excerpt from the Flora and Vegetation Survey performed last month across the Niobe Project tenement (P59/2137) confirms that No vegetation types or landforms in the survey area were considered as being rare, unique or restricted, or representing the DBCA descriptions of Midwest Threatened Ecological Communities (`TEC's) or Priority Ecological Communities (`PEC's). No riparian vegetation was observed in the survey area. Aldoro is pleased with the outcome of the environmental survey and are actively continuing with other project development activities including: Utilising Niobe's JORC Mineral Resource estimate in its Mineralisation Report submission to the Department of Mines (DMIRS) in October 2022. Niobe's Mineralisation Report and Supporting Statement commences the application process to convert P59/2137 tenements to a mining lease. Progressing the Niobe scoping study, including metallurgical test work. Performing Fauna survey as part of desktop study over Niobe. The final heritage survey covering the Niobe tenement was performed on the 25th & 26th October 2022, alongside representatives from Wajarri Yamatji (Simpson Area) and Horizon Heritage. The survey progressed well with two sites of cultural significance identified but were not in the areas of known mineralisation. A Heritage Survey Report will be prepared by Horizon Heritage and submitted to Aldoro. Commencement of native title discussions with the Wajarri Yamatji (Simpson Area) over the Niobe Project and expected to continue into the start of 2023. Annuncio • Oct 19
Aldoro Resources Limited Commences Ground Geophysical Survey for Narndee Aldoro Resources Limited announce that the induced Polarisation (IP) surveying has commenced at Target 1 of three survey areas targeting potential Ni-Cu- PGE mineralisation. The Narndee Ni-Cu mineralisation model is based on the Callisto Ni-Cu deposit in the Fraser Range held by Galileo Mining Limited. Target 1: The planned East-West survey lines cover the previous drilling at VC01 and an area to the east. At VC01 Ni-Cu mineralisation was intersected (up to 2.9m @0.92%Ni and 0.40% Cu in hole NDD0008) at the base of the ultramafic cumulate where they interface with mafics (includingsediment) where this contact appears to dip to the east. It is interpreted that the mineralisation may thicken to the east and the three IP lines extend 1km to the east to test the mineralisation model. The model places the thickest sulphide ore lies in a zone at the base of the magma chamber through gravity segregation and PGE geochemical anomalies may indicate a late-stage fault-controlled ultramafic intrusive. Previous drilling indicates deeper offset intersections to the north was a possible NE-SW striking fault causing the rapid changes in lithological depths and its presence is possibly support from the aeromagnetic interpretation. Annuncio • Oct 14
Bulletin Resources Limited Provides Update on Aldoro Resources Limited's Niobe Project Bulletin Resources Limited to update shareholders regarding the Mt Farmer tenement application E59/2413 following Aldoro Resources Limited's announcement regarding its maiden resource estimate of 4.6Mt @ 0.17% Rb2O and 0.07% Li2O at their Niobe Rubidium-Lithium Project. Following renewed interest and enquiries from shareholders and interested parties, Bulletin confirms the Mt Farmer 59km tenement application E59/2413 completely surrounds Aldoro's 2km P59/2137 which hosts the Niobe Rubidium-Lithium Project. Bulletin's tenement application has over 5km strike of the potential greenstone host to the Rubidium bearing pegmatite unit. Bulletin originally applied for E59/2413 for its gold and tantalum potential. The tenement application is progressing through the DMIRS tenement grant process. Annuncio • Oct 08
Aldoro Resources Limited, Annual General Meeting, Nov 29, 2022 Aldoro Resources Limited, Annual General Meeting, Nov 29, 2022. Location: Level 2, 23 Railway Road Subiaco Western Australia Australia Annuncio • Sep 08
Aldoro Resources Limited Ordinary Shares Deleted from OTC Equity Aldoro Resources Limited Ordinary Shares (Australia) has been deleted from OTC Equity effective from September 07, 2022, due to Inactive Security. Annuncio • Aug 18
Aldoro Resources Ltd Announces That It Has Spent Considerable Time Assessing the Results of the Narndee Ni Exploration Program and That Following That Review Has Identified Three Areas for Induced Polarisation (Ip) Surveys Targeting Potential Ni-Cu-PGE Mineralization Aldoro Resources Ltd. announced that it has spent considerable time assessing the results of the Narndee Ni exploration program and that following that review has identified three areas for induced Polarisation (IP) surveys targeting potential Ni-Cu-PGE mineralization. The Narndee Ni-Cu mineralization model is similar to that successfully demonstrated by the Callisto Ni-Cu deposit in the Fraser Range held by Galileo Mining Limited. In addition, the IP will be conducted over the northern covered area at the Wyemandoo Project where structural interpretation of the aeromagnetic data suggests potential for Ni-Cu mineralization similar to that found at the nearby Canegrass Ni Project, WA. Subject to IP results it is envisioned a rig will be contracted in the 4th quarter to test the deeper targets at both projects. Target 1: The planned East-West survey lines cover the previous drilling at VC01 and an area to the east. At VC01, Ni-Cu mineralization was intersected (up to 2.9m @0.92%Ni and 0.40% Cu in hole NDD0008) at the base of the ultramafic cumulate where they interface with mafics (including sediment) this contact appears to dip to the east. It is interpreted that the mineralization may thicken to the east, applying three IP lines extending 1km to the east will test this mineralization model. The model places that the thickest sulphide ore is likely to be present in a zone at the base of the magma chamber through gravity segregation and the PGE geochemical anomalies may indicate a late- stage fault-controlled ultramafic intrusive. Previous drilling indicates deeper offset(?) intersections to the north where a possible NE-SW striking fault causing a rapid change in lithological depths and that its presence is possibly supported from the aeromagnetic interpretation. Figure 1 displays the proposed three IP lines with stations at 40m over 1,000m, which may provide IP soundings to 800m depth. Target 2: Is located 500m to the north of Target 1 and is based on a very strong aeromagnetic anomaly associated with VTEM and the PGE geochemical anomalies as well as surface gossans. The model for this location is shown in Figure 2 with basal Ni-Cu ore body at depth with a faulted offset with possible associated PGE's mineralization. Target 3 is located 2,600m to the north of Target 2 and forms the southern part of a large, strong VTEM anomalies with overlapping aeromagnetic anomaly and includes Ni geochemical anomalies. It is interpreted that the sulphide body could be significant deeper than Target 2 and as such three 1,200m east west lines are proposed with 31 stations. Given the depth that may be involved, this survey will only be conducted if Target 2 resolves conductive anomalies at depth. A proposed Gradient Array I.P. survey is planned over an area about 5 km2 in the northern part of the Wyemandoo project. The target is based on magnetic features offset from the major NNE-SSW magnetic linear associated with Huntsmen's Canegrass Ni-Cu anomalies. In conjunction, a soil sampling program is currently being planned over the high rechargeability anomaly areas. The exploration target within this area is still the nickel sulphide style of deposit. The information in this announcement that relates to Exploration Results and other technical information complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). It has been compiled and assessed under the supervision of Mark Mitchell, technical director for Aldoro Resources Ltd. Mr. Mitchell is a Member of the Australasian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr. Mitchell consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Annuncio • Aug 12
Aldoro Resources Limited Provides Update on Phase II RC Drilling Program at its Niobe Rb-Li Project Aldoro Resources Limited provided an update on the Phase II RC drilling program at its Niobe Rb-Li project which has commenced with the aim of testing the potential pegmatite mineralization of the extension to the Breakaway area (Niobe flats and associated east-west structure) identified in late June during a ground reconnaissance visit in addition to infilling the existing hole spacings towards building a resource. To date 33 RC holes have been completed for 2,235m and range from 40 to 150m in depth with a total of 68 holes for 4,260m planned. Holes are planned over 5 pegmatite areas, Main, Northeast, Breakaway, Southeast and Niobe Flats. All holes have intersected pegmatites of various intervals from <1m to 50m with pegmatite-country rock zones up to 63m. The programme has been dictated by the pegmatite intersections where many have been interpretated as flat lying sills or moderately steeply dipping dykes orientated to the northwest. The best intersections were: Hole NBC0087 (Intercepts totaling 63m): 50m Pegmatite from 8m; 8m Pegmatite/Gabbro from 70m; 5m Pegmatite/Gabbro from 105m. ole NBC0098 (Intercepts totaling 56m): 2m Pegmatite from 3m; 2m Pegmatite from 13m; 1m Pegmatite/Gabbro from 36m; 48m Pegmatite from 46m; 3m Pegmatite from 100m. Hole NBC0097 (Intercepts totaling 50m): 25m Pegmatite from 28m; 1m Pegmatite/Gabbro from 57m; 8m Pegmatite from 58m; 3m Pegmatite/Gabbro from 66m; 10m Pegmatite from 69m; 1m Pegmatite/Gabbro from 79m; 2m Pegmatite from 87m. NBC0094 (Intercepts totaling 44m): 5m Pegmatite from 0m; 1m Pegmatite/Gabbro from 22m; 3m Pegmatite from 23m; 2m Pegmatite from 34m; 1m Pegmatite/Gabbro from 49m; 6m Pegmatite from 50m; 1m Pegmatite/Gabbro from 56m; 2m Pegmatite/Gabbro from 59m and 22m Pegmatite from 61m. Annuncio • Jul 21
Aldoro Resources Limited Provides Exploration Update from the Mineral Resource Drilling Program at the Niobe Project Aldoro Resources Limited provided an exploration update from the Mineral Resource drilling program at the Niobe Project. Wet chemistry results from the sixty-three holes that intersected pegmatites have now been received, where the results include: NBRC027: 4m at 0.24%Li2O, 1,527ppm Rb, 12ppm Ta and 1,565ppm Cs from 36m; NBRC010: 17m at 0.13%Li2O, 1,717ppm Rb, 43ppm Ta and 177ppm Cs from 1m; NBRC024: 4m at 0.11%Li2O, 2,538ppm Rb, 54ppm Ta and 430ppm Cs from 25m; NBRC011: 14m at 0.11%Li2O, 1,741ppm Rb, 69ppm Ta and 272ppm Cs from 11m; and NBRC013: 9m at 0.11%Li2O, 2,356ppm Rb, 102ppm Ta and 222ppm Cs from 17m. Best individual assays were 1.81%Li2O in NBRC052 at 31-32m, 7,624ppm Rb in NBRC046 at 42-43m, 1,565ppm Cs in NBRC027 at 36-40m and 732ppm Ta NBRC053 at 61-62m. The results of the First Quarter 2022 phase of drilling at Niobe continued to encourage, with analytical results supporting the mineralisation present in the shallow intersected pegmatites. 300kg of mineralised samples have been dispatched to Professor Zhiguo He at the Central South University of China to fully understand the processing and beneficiation methodology for the Niobe ore. On the 18 July 2022, the Company appointed Stephen Barber as their Exploration Manager. Stephen has over 30 years of exploration, mining and mineral resource estimation work experience in Australia, NZ and Indonesia. Stephen has spent the past six years exploring for lithium in the Pilbara, including his previous role of Exploration Manager for Morella (and its predecessor Altura Mining Ltd). Mineralisation in Pegmatite intersections highlighted the Main, East and Breakaway pegmatites with results received from drilling in the vicinity of the Breakaway suggestive of an open structure that continues at length towards the east. This extension will be tested in the forthcoming Niobe drilling program. Annuncio • Jun 24
Aldoro Resources Limited Announces Significant Zones of Lithium Mineralisation Intersected in Maiden Wyemandoo Drilling Program Aldoro Resources Limited provided an update on its maiden drilling programme at the Wyemandoo Critical Metal Project. A total of 26 RC holes have been drilled totalling 3,286m and ranging from 82 to 202m in depth. The majority of the holes have intersected pegmatites of various intervals from <1m to 6m with pegmatite-country rock zones up to 19m. The programme has been dictated by the pegmatite intersections where many have been interpretated as flat lying sills or moderately steeply dipping dykes orientated to the northwest. To date drilling has concentrated in two areas, Dome 1 containing the two loop structures (Northern Loop and Southern Loop) and Dome 2 (approximately 5km southwest) where current drilling is progressing. Given the continual shallow intersections to date coupled by confidence garnered from XRF readings. The Company is proposing to bring in a AC Hammer drilling rig to delineate the resource potential of Dome 1. Dome 2 drilling has intersected purple lepidolite rich zones as well as identified greenish aluminosilicate possibly eucryptite (hydrothermal equivalent of spodumene) zones. Pegmatite intersection vary from thin intercepts to zones in excess of 12m. The Company is highly encouraged by results to date and is currently in the process of increasing the drilling program to 6,000 meters, further market updates on drilling progress, analytical & mineralogical results will be provided in due course. Annuncio • Jun 16
Aldoro Resources Limited, Annual General Meeting, Jul 19, 2022 Aldoro Resources Limited, Annual General Meeting, Jul 19, 2022, at 10:30 W. Australia Standard Time. Location: Mirador Corporate Level 2, 23 Railway Road Subiaco Western Australia Australia Annuncio • May 14
Aldoro Resources Limited Commences Maiden Drilling Campaign At its Wyemandoo Critical Metal Pegmatite Project Aldoro Resources Limited announced the commencement of the maiden drilling campaign at its Wyemandoo critical metal pegmatite Project. Drilling contractors, Three Rivers Drilling, has commenced drilling a 200m vertical hole into the northern loop structure as part of locating a feeder to the tree-like model interpreted to feed the local dipping sills. The Reverse Circulation (RC) drill programme is initially focused on defining the geological setting for the dykes and sills with 5 vertical and 21 inclined holes with an estimated 3,500m to 4,200m over the northern and southern loop structures. Strategically, the programme will be geologically modelled as it progresses, allowing flexible modifications dictated by the morphology of the pegmatite intrusives encountered. Figure 1 below outlines the revised drilling programme and its proposed holes. Board Change • Apr 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Troy Flannery is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Mar 06
Aldoro Resources Limited Announces Higher Grade Assay Results Received for VC1 Aldoro Resources Limited provided an exploration update for the VC1 target at the Narndee Igneous Complex (NIC, The Project). Assay results have been returned for NDD0007, NDD0013, NDD0008, and NDD0014 at VC1. About VC1 Results: Since the previous update, assay results have been received for three drillholes at VC1. Significant wet chemistry intercepts returned from all drillholes include: NDD0013 7.86m at 0.53% Ni, 0.51% Cu and 0.03% Co from 269.5m NDD0014 - 4.26m at 1.22% Ni, 0.53% Cu and 0.08% Co from 277.14m. Completion of VTEM Survey: The Priority 1 VTEM survey has now been completed. The survey screened the Kiabye Greenstone Belt (KGB) along the western margin of the NIC. The KGB is interpreted to be a possible feeder or basal unit of the Narndee Igneous Complex. This represents a high priority exploration target for nickel-copper sulphide deposits. The results of this survey will be analysed and reported when final datasets are received in full. HPFLTEM update: A large loop HPFLTEM survey is currently progressing over the VC1, VC3, and VC11 target areas. This survey aims to detect large, highly conductive, and possibly deeper metallic bodies that would havebeen difficult for the VTEM system to detect. The results of this program will be reported in detail as they come to hand. Forward Plan: Following the Priority 1 VTEM survey and HPFLEM results, any conductors generated will be ground-truthed, mapped, and sampled by surface geochemistry. This will be followed up by target ranking, further surface EM work and drilling. Annuncio • Feb 28
Aldoro Resources Limited Announces New Assay Results in for Wyemandoo Pegmatite Project On 28 September 2021, Aldoro Resources Limited announced that high-grade Rb and Li assay results had been received from 13 rock chip samples taken from the Central Pegmatite within tenement E59/2431, the latter also being one of the core tenements for the Company's nickel projects. It was found from an initial mapping and sampling program that the NE-SW striking pegmatite swarm extended north-eastwards as an extensive corridor, projecting north-eastwards into the recently acquiredWyemandoo E57/1017 (and E58/571 tenements. Wyemandoo Chip Sample Results: The pegmatite assay results received show a range of Rb values averaging 1,662.7 ppm or 0.166% Rb. This average grade was bolstered by four individual assays of over 10,000 ppm Rb (1% Rb) and forty-five samples in the range 2,000-9,000 ppm. Other rare elements reported included Ta (average grade 113 ppm) and Cs (average grade 37 ppm). A single sample returned a grade of 1.05% Li. Niobe Pegmatite Project Update: The Niobe Pegmatite Project drilling program is nearing completion with 6 RC holes remaining. It is expected that the Niobe drilling program will be completed by early-March, which will see the drill rig arrive at the Wyemandoo project to commence drilling by mid-March. Commentary The Company's pegmatite assets are an exciting additional focus for the Company. The Wyemandoo project alone, covers a substantial ground holding extending over three tenements and contains a roughly defined pegmatite corridor of approx. 6,600 ha, whilst the Niobe ground holdings, in comparison, represent an extent of 195.84 ha. In addition, the Wyemandoo average rare element grades (particularly Rb) are demonstrably much higher than those recovered from Niobe. Because of this and coupled with the extensive occurrence of pegmatites over the project area (>1,000 pegmatites identified by satellite and drone imagery to date); the Wyemandoo Pegmatite Project is positioning itself to be one of global significance. Forward Plan: The Niobe Pegmatite Project drilling program is currently ongoing. Once the program is completed, the RC rig will be mobilised to the Wyemandoo Pegmatite Project, where an extensive greenfield drilling program has been planned (PoW approvals awaited). Annuncio • Feb 17
Aldoro Resources Limited Provides Exploration Drilling Update for the Niobe Project Aldoro Resources Limited provided an exploration drilling update for the Niobe Project. A further thirteen holes have been completed (NBRCO33-NBRCO45) in the interim, with all holes intersecting pegmatites. The full results of these holes will be announced when geological logs, systematic pXRF readings, and QAQC checks are completed. The reader is referred to Table 1 for a summary of pegmatite intersections to date. The results of this third phase of drilling at Niobe continue to encourage, with intersections of pegmatites confirming historical drilling and exceeding expectations. Two intersections have recorded17m thickness of pegmatite (NBCRO35, NBCRO43), one with 18m of pegmatite (NBCRO44) and an exceptional 26m of pegmatite recovered from hole NBCRO45. Full details of the pegmatite intersections will be announced when detailed logging, pXRF, and QAQC checks are completed. All intersections are routinely scanned at 1m intervals with a portable XRF (pXRF), to obtain real-time data and to aid fast-track interpretation and in-field planning. The pXRF results will be reported asthey come to hand. The drilling program is ongoing to completion, with the aim of estimating a JORC2012 reportable Mineral Resource when all assay results have been received. Once the Niobe drilling program is completed, the RC rig will then mobilise to the Wyemandoo Project, where an extensive greenfields pegmatite drilling program has been planned. Annuncio • Feb 04
Aldoro Resources Limited Announces Phase II Drilling Update at Niobe Aldoro Resources Limited provide an exploration update for the Mineral Resource drilling program at the Niobe Project. A further fifteen holes have been completed, with all intersecting pegmatites. The full results of these holes will be announced when geological logs, systematic pXRF readings, and QAQC checks are completed. The results of the second phase of drilling at Niobe continue to encourage, with intersections of pegmatites confirming historical drilling. Pegmatite intersections have continued to be as thick or thicker and located where predicted. Full details of the pegmatite intersections will be announced when detailed logging, pXRF, and QAQC checks are completed. Abundant mica species have continued to be identified in geological logs, further encouraging the ongoing drill program. A pXRF program is underway, scanning every metre of RC drilling to fast-track interpretation and planning. The results of the pXRF readings will be reported as they come to hand. Forward Plan: The drilling program is ongoing to completion, with the aim of estimating a JORC2012 reportable Mineral Resource when all assay results have been received. The RC rig will then mobilise to the Wyemandoo Project, where an extensive greenfields drill program is planned. Annuncio • Jan 27
Aldoro Resources Limited Provides Exploration Update for the Mineral Resource Drilling Program At the Niobe Project Aldoro Resources Limited provided an exploration update for the Mineral Resource drilling program at the Niobe Project. Seventeen holes have been completed, with a further forty-seven to be drilled. All holes have intersected significant pegmatite bodies, confirming and extending historic drilling results. Results of the first phase of drilling at Niobe have been very encouraging, with intersections of pegmatites confirming historical drilling, where Rubidium (Rb) assays were rarely collected. Pegmatite intersections have been as thick or thicker and located where predicted in the first seventeen holes, a positive sign for the robustness of the Project. Completed seventeen RC holes at Niobe, with forty-seven holes still to be drilled; All seventeen holes intersected thick pegmatite intervals at multiple levels below the surface; Pegmatite intersections confirm those from historical drilling; Standout intersections were NBRC008 with 21m of pegmatite from 36m downhole, and NDRC009 with 14m of pegmatite from 40m downhole, ending in pegmatite. Annuncio • Jan 12
Aldoro Resources Limited Announces Lithium & Rubidium Drilling to Commence At Niobe Aldoro Resources Limited announce the arrival of the RC rig at Niobe, ready to commence a planned 3,730m drill program across 66 drill holes. The program will start on the Niobe East pegmatite system, aiming to increase the exploration target based on the limited historical drilling and recent rock chips sampling results. Rock chip sampling indicated that Niobe East anomalous Rubidium (Rb) and Lithium (Li) values extend over 400m in strike length, which justifies the proposed drilling program into this multilayered pegmatite section. Drilling will also be conducted at the Breakaway and Niobe Southeast pegmatites, where historical drilling has not tested for the presence of Rb and Li. Rock chip sampling at the Breakaway pegmatites, to the west, found anomalous Rb and Li extends over a strike length of 100m, while at Niobe Southeast, the few samples collected have anomalous Rb values. Aldoro previously identified an exploration target of approximately 33,000 -150,000 tones at the Main Pegmatite (P1) location with grades ranging from 696-1457ppm Rubidium Oxide (Rb2O), Aug. 27, 2021. Annuncio • Jan 05
Aldoro Resources Limited Provides an Exploration Update for the VC1 and VC3 Targets At the Narndee Igneous Complex (NIC, the Project) Aldoro Resources Limited provided an exploration update for the VC1 and VC3 targets at the Narndee Igneous Complex (NIC, The Project). Six new diamond holes and eight RC RC holes were completed at VC1 to the end of 2021. Assay results have been returned for NDD0003, NDD0004, NDD0008, NDD0015, and NDD0016 at VC1, and NDD0005 at VC3. Six diamond drillholes and eight RC drillholes have been completed at VC1 since the previous update. NDD0015 and NDD0016 were part of that program. The visual results and context of the remainder of the holes will be reported when the relevant datasets have been interrogated, QAQC checked, and 3D modelling completed to provide a clear interpretation of the results. NDD0005 was drilled to a depth of 654.9m. The hole was extended as it re-entered a high MgO ultramafic package with occasional disseminations of magmatic sulphides after passing through the VC3 target. Laboratory assay results confirm the hole ended in 31.3% MgO and 0.22% Ni, demonstrating the high prospectivity of this area, particularly at depth. The VC3 EM target was intersected at approximately 380m downhole. The anomaly appears to be associated with an internal raft of basalt and metasediments hosted by high MgO ultramafics and mafics. The rocks immediately below the metasediment contain blebby and disseminated magmatic sulphide. This zone returned 7.0m at 0.22% Ni and 0.06% Cu from 389m downhole. A large loop high power electromagnetic survey is ongoing over this area. This survey aims to detect deeper or very high conductance targets, which may have been difficult to see with the VTEM system. The Priority 1 VTEM survey is on schedule for completion in early January. The survey will screen the Kiabye Greenstone Belt (KGB) along the western margin of the NIC. The KGB is interpreted to be a possible feeder or basal unit of the NIC. This represents a high priority exploration target for nickel- copper sulphide deposits. A large loop HPFLTEM survey is ongoing over the VC1, VC3, and VC11 target areas. This survey aims to detect large, highly conductive, and possibly deeper metallic bodies that would have been difficult for the VTEM system to detect. The results of this program will be reported in detail as they come to hand. Annuncio • Dec 13
Aldoro Resources Limited Provides an Exploration Update for the VC11 Targets at the Narndee Igneous Complex Aldoro Resources Limited provided an exploration update for the VC11 targets at the Narndee Igneous Complex (NIC, The Project). Assay results have been received for NDD0010 and NDD0011. VC11 Results: NDD0010 was drilled to a depth of 225.8m. The hole intersected a thick package of variably mineralised high MgO ultramafics to 139.6m downhole. A zone of disseminated, semi-massive, and breccia nickel-copper sulphide was intersected from 139.6m to 140.2m downhole. The hole then passed back into high MgO ultramafics with disseminated sulphides and troctolites before intersecting a basal contact with metabasalt at 175.34m. The best intercept from NDD0010 was 0.8m at 0.21% Ni and 0.07% Cu from 149m downhole. Although the tenor of the sulphide intercept is lower than desired and the VC11 target downgraded, the demonstrated prospectivity of the NIC between VC1 and VC11 remains. NDD0011 was drilled to a depth of 291.7m. The hole intersected a thick package of high MgO ultramafics to a basal contact at 226m downhole. A disseminated and veined nickel-copper sulphide zone was intersected from 211.5m to 226m downhole. Felsic volcanics dominate the basal sequence at NDD0011 instead of the mafic volcanics observed in NDD0010. The best intercept from NDD0011 was 1.0m at 0.21% Ni and 0.02% Cu from 215m downhole. Annuncio • Nov 25
Aldoro Resources Limited Provides Assay Results from the 46 Rock Chip Samples Collected At the Niobe East, Niobe Southeast Aldoro Resources Limited provided assay results from the 46 rock chip samples collected at the Niobe East, Niobe Southeast and Breakaway pegmatites. The average Rubidium (Rb) value was 1,892ppm with a range of 34.7 to 9,307ppm, while the average lithium (Li) value was 0.0725% with a range of 0.005 to 0.40%. Caesium (Cs) averaged at 200ppm with a range of 3.1 to 1,934ppm. At Niobe East, anomalous Rb and Li values extend over 400m in strike length, providing justification to the proposed drilling programme into this multilayered pegmatite section. At the Breakaway pegmatites, to the west, anomalous Rb and Li extends up to a strike length of 100m while at Niobe Southeast the few samples collected have some Rb values up to 0.2%. The outcrop dispersion of Rb and Li results are generally consistent with those obtained by Pancontinental in the mid 1980's giving confidence to the historical drilling assays from the same period which were used to define an Exploration Target over the Niobe Main pegmatite. An Exploration Target of approximately 33,000-150,000 tonnes at grades ranging 696-1457ppm Rubidium Oxide (Rb2O) over an area bound by 80m by 65m of detailed drilling has been previously defined. Annuncio • Sep 24
Aldoro Resources Limited Provides Exploration Update for the Vc1 and Vc3 Targets At the Narndee Igneous Complex Aldoro Resources Limited provided an exploration update for the VC1 and VC3 targets at the Narndee Igneous Complex (NIC, The Project). NDD0005 at the VC3 target and a further three holes at VC1 have been completed. Assay results have been returned for NDD0001 and NDD0002, confirming the prospectivity of VC1 and the NIC. NDD0006, NDD0007, and NDD0008 have been completed at VC1 since the previous update. A limited batch of high priority assay results were returned for NDD0001 and NDD0002. Both holes returned significant results for nickel, copper, cobalt, and palladium, which are as follows; NDD0001 · 1.65m at 0.93% Ni, 0.15% Cu, 0.07% Co, and 0.22ppm Pd from 212.75m, Including 0.4m at 1.05% Ni from 214m, NDD0002· 3.8m at 0.78% Ni, 0.46% Cu, 0.06% Co, and 0.26ppm Pd from 146.4m, Including 0.1m at 2.00% Cu and 1.03 g/t Pd from 146.75m. All seven holes drilled at the VC1 target by the Company have returned significant zones of magmatic sulphides. This confirms VC1 as a significant discovery and demonstrates the high prospectivity of the NIC. The magmatic sulphides at VC1 appear to show significant variation in nickel tenor and metal ratios, which will need to be confirmed by laboratory assays. There also appears to be a lack of identifiable igneous textures in the sulphides, which are often injected into the footwall sequence, and contain thermally eroded footwall xenoliths. This suggests that the mineralisation has undergone significant remobilisation and post-depositional recrystallisation. If preferential remobilisation and metal segregation has occurred, the potential exists for higher-grade nickel at the VC1 target. The unusually high copper to nickel ratio is further evidence for this phenomenon. The sulphide assemblage in order of abundance intersected by all reported drillholes appears to be pyrrhotite, pentlandite, chalcopyrite, and pyrite. However, petrographic and geochemical analyses are required to confirm the species, geological setting, and relative abundance. Bulk sulphide abundance definitions are as follows (note these are visual estimates); Disseminated, blebby, breccia, and or veined sulphide - 1% to 20% sulphide Matrix sulphide - 20% to 40% sulphide Semi massive sulphide - 40% to 80% sulphide Massive sulphide - greater than 80% sulphide. Annuncio • Aug 09
Aldoro Resources Limited announced that it expects to receive AUD 2.4 million in funding Aldoro Resources Limited announced a private placement 6,360,000 ordinary shares at an issue price of AUD 0.40 per share for gross proceeds of AUD 2,544,000 on August 9, 2021. The transaction will include participation from directors for 325,000 shares including Joshua Letcher for AUD 70,000, Lincoln Ho for AUD 20,000 and Troy Flannery for AUD 40,000, subject to shareholder approval at the next general meeting of shareholders. The transaction is expected to close on August 18, 2021. Annuncio • Aug 05
Aldoro Resources Limited (ASX:ARN) entered into a binding heads of agreement to acquire E58/571 Located in the Mt Magnet Area of Western Australia from Mining Equities Pty Ltd for AUD 0.22 million. Aldoro Resources Limited (ASX:ARN) entered into a binding heads of agreement to acquire E58/571 Located in the Mt Magnet Area of Western Australia from Mining Equities Pty Ltd for AUD 0.22 million on August 4, 2021. Aldoro Resources will pay Mining Equities AUD 0.05 million in cash and 325,000 shares on the date that is ten business days following grant of the tenement application. The transaction is subject to completion of financial, legal and technical due diligence by Aldoro on the tenement, to the satisfaction of Aldoro, the parties obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules, the parties obtaining all third-party approvals and consents, including the consent of the Minister responsible for the Mining Act 1978 (WA) (Mining Act) (if required), Mining Equities, Aldoro and, if necessary under the third party agreements, the relevant third party, executing a deed of assignment and assumption in relation to each third party agreement. If the conditions precedent are not satisfied on the date that is 270 days following the execution date, then any party may terminate the agreement by notice in writing to the other party. Settlement of the acquisition will occur on the date that is two business days after the satisfaction or waiver of the last of the conditions precedent. Annuncio • Jul 20
Aldoro Resources Limited Announces Diamond Rig to Arrive on Site Aldoro Resources Limited announce drilling is nearing commencement at the Narndee Igneous Complex (NIC). Orlando Drilling is engaged and mobilising to site with Rig DDR20. Drilling will commence at VC1 in the coming days. Rig DDR20 is a KL900, capable of drilling to a depth of 1500m of NQ hole size. This is more than adequate for Aldoro's initial drilling proposals, which have a maximum hole depth of 550m under current planning, with provision to pursue targets to over 800m vertical depth on a results-driven basis. There has been a slight delay with the rig, which was due around July 15, due to an unforeseeable breakdown. The rig has returned to Perth for repair and should now be running near 100% availability for Aldoro's program. A MLTEM survey designed to refine the high priority exploration targets within the NIC is now completed. Results of this survey will be reported in the coming days once final models have been received, QAQC checked and interrogated. Programs of field reconnaissance and sampling have continued since the previous announcement. A key highlight from recent field work was the confirmation of copper-rich gossanous outcrop at Quandong Well Zone B. Random HXRF readings were used to confirm cupriferous anomalism of the gossan. Rock chip samples were collected for laboratory analysis to unequivocally ascertain the tenor of the HXRF readings from the gossan and will be reported when assays are received. The Quandong Well area was explored by Dampier Mining Co ltd (DMC) in the early 1970s. Several copper gossans were discovered, hosted by banded iron formation and quartzite in a country-rock of schists of varied composition. The schists are interpreted to be altered felsic to mafic volcanic and volcaniclastic rocks. DMC completed programs of rock chip sampling, 1:10,000 geological mapping, ground magnetics, and RC drilling. Thirty-one holes for 1731m were drilled by DMC (yet to be compiled and validated), with significant copper, zinc, and gold results reported in oxide phases close to the surface, grading into a sulphide assemblage of pyrrhotite and chalcopyrite at depth. This represents a significant exploration opportunity for Aldoro, given the electromagnetic technology available now. The Company interprets copper and gold-rich Volcanogenic Massive Sulphide (VMS) style targets in this area. The datasets for Quandong will be compiled, QAQC checked, validated, and interpreted. Once this is completed, significant historical results will be reported, and follow-up programs planned. Annuncio • Jul 03
Aldoro Resources Limited Announces Field Activities in Preparation for the Upcoming Drilling Campaign at the Narndee Igneous Complex Aldoro Resources Limited announced field activities in preparation for the upcoming drilling campaign at the Narndee Igneous Complex (NIC) have progressed well. All access track and pad clearing has been completed in preparation for the Phase I drilling at VC1 and VC11 which is scheduled to commence this month. Field reconnaissance has identified several areas for follow-up work (Ni-Cu gossans), and evidence of historical activity yet captured in digital format. The station owner at Narndee owns a front-end loader used for drill pad preparation and track clearing, resulting in significant savings on mobilisation costs, given the homestead is approximately 9km from the VC1 target. The proximity of the homestead and the fact that accommodation, office space, catering, and communications are available there also results in significant savings and the added convenience of not needing to construct an exploration camp to operate in the area. In addition to the drill pad preparations, a program of field reconnaissance has been completed. This program aimed to validate the 1:100 geological mapping, confirm historical records of gossan outcrops and geochemical anomalies, and identify evidence of historical exploration activity not yet captured by The Company in digital datasets. The Company reported that the program was successful on all fronts, with the highlight being the confirmation of two key gossan outcrops. Random HXRF readings confirmed the gossans, but further work is required before any results will be published. Gossan 2 is located approximately 1000m south-southwest of VC1, interpreted to be found in the "up plunge" position of VC1. Whether this represents the weathered surface expression of VC1, or a separate weathered nickel occurrence on the VC1 trend is yet to be determined. No drilling is located between Gossan 2 and VC1, and no drilling has effectively tested VC1. An MLTEM survey designed to refine the modelling of the highest priority exploration targets within the NIC is nearing completion. Results of this survey will be reported when the final datasets have been processed, interrogated, and interpreted. Field reconnaissance was also completed over an area within tenement E59/2431, where a pegmatite swarm is mapped by GSWA (1:250,000 and 1:100,000 geological mapping). The pegmatites visited are confirmed to be LCT type pegmatites, with lepidolite being the most apparent mineral identified in the weathered outcrop. The pegmatite swarm consists of a central northeast striking, shallow northwest dipping pegmatite, which outcrops over a strike extent of over 500m. Several smaller sub-parallel and cross-cutting
pegmatites surround it. The Company will complete systematic rock chip and soils sampling programs and detailed mapping over the pegmatite swarm as soon as possible. This will identify the most prospective zones for drill targeting and locate pegmatite strike extensions and occurrences under soil cover. Field reconnaissance and field mapping with continue to locate and assess other pegmatite occurrences in the area for LCT prospectivity. Annuncio • Jun 17
Aldoro Resources Limited Provides Update on the Exploration Program at Narndee in Western Australia Aldoro Resources Limited provided an update on the exploration program with regards to its Nickel & PGE potential at Narndee in Western Australia. The exploration schedule included an FLTEM survey which has been completed and yielded several targets that the company is focused on. The next step planned was to conduct dipole dipole (2DIP) survey over each of the targets to eliminate the targets that are likely to be ground water, this survey has been delayed due to the ongoing resources boom pushing back availability. It had rescheduled the 2DIP survey which will be conducted along with a Gradient Array IP (GAIP) survey targeted for mid-July, the GAIP survey will detect chargeability of possible sulphide mineralisation
within existing priority targets. Due to many of the targets sitting on sloped elevations, the team have decided to conduct MLTEM surveys over several of the targets identified from the FLTEM survey. The MLTEM survey is expected to be conducted over the second half of June along with a site visit to collect geochemical samples over the priority targets and check for visible signs of mineralisation at surface. Its team have been working around the clock to ensure to minimise delays and keep to original schedule and during the review of the final FLTEM data it identified VC1 and VC11 as drill ready targets. The company will target to drill inspection holes into these two targets and conduct immediate down hole EM in the first half of July whilst awaiting the 2DIP and GAIP surveys over the remaining targets. The structure of these targets is extremely encouraging and having overlayed the Maximus drilling from 2012 has increased the confidence of intersecting Ni Sulphide in VC1 given that the historic drilling intersected encouraging Nickel and Copper with PGE roughly 40 meters from the VC1 FLTEM produced target. Annuncio • May 31
Aldoro Resources Limited Announces Confidence Builds for Narndee Ni-Pge Drilling Program Aldoro Resources Limited (Aldoro, The Company) has undertaken a 3D interpretation of the VC1 and VC11 targets located in the Narndee Igneous Complex (NIC). The VC1 target is interpreted to have an east-northeast strike extent of 60m - 70m, a plunge extent of 490m at -21 degrees towards the north-northeast. It has a modelled conductance of 8000-18000S. The geophysical modelling makes it a compelling drill target in conjunction with the favourable geological position and anomalous geochemistry. The VC11 target is interpreted to have an east-southeast strike extent of 60m - 70m, a plunge extent of 250m at -52 degrees towards the south-southwest. It has a modelled conductance of 500-800S. Although this is a subtle target with limited geochemical and geological support, it is a robust greenfields target warranting drill testing. The Company is further encouraged in its strategy of de-risking its exploration program with the application of multiple geophysical methodologies, which it believes will substantially increase the chances for discovery at its Narndee Project. The Narndee Project continues to be Aldoro's core focus going forward, and the Company will provide shareholders with regular updates on exploration progress. Annuncio • May 14
Aldoro Resources Limited Set to Commence Drilling Program at Narndee Project Aldoro Resources Limited to advise its shareholders of its maiden drilling program, due to commence at the Company's 100% owned Narndee project (Project) in June 2021. The Company has identified convincing drill-ready targets following the completion and data interpretation of a Fixed Loop EM (FLTEM) survey by Southern Geoscience Consultants. Drilling plans on additional targets will be communicated post completion of Aldoro's methodical de-risking process as summarised in previous announcements. Frontline Drilling (Frontline, Contractors) have been contracted to complete diamond drill holes over FLTEM target anomalies VC1, VC11 and VC8. The drill holes will also be assessed to determine their viability to conduct DHTEM surveys, which will be used to assess the size and nature of the in-hole bedrock conductors at depth, and which can also identify adjacent, off-hole bedrock conductors. The agreement with Frontline provides Aldoro with the flexibility to increase the drilling program beyond 5,000 meters. Following consultation with its geological team and advisors, Aldoro is in the process of finalizing a gradient array (GAIP) survey. GAIP is an electrical geophysical technique which has the ability to identify disseminated sulphide mineralisation. The Company plans to investigate the use of a GAIP survey over all 11 high-interest anomalies (VC1-VC11) identified from the FLTEM survey to further de-risk the Project and refine target orientation. Annuncio • Mar 14
Aldoro Resources Limited Advises That High Power Fixed Loop Ground EM Survey, Is Well Underway At the Company's 100% Owned Narndee Project Aldoro Resources Limited advised that High Power Fixed Loop ground EM survey, is well underway at the Company's 100% owned Narndee Project. Data and imagery processing by the Company's geophysical consultants late last year, identified 16 anomalies that warranted further technical work. Thus far three EM targets (VC2, VC3 & VC5) have been surveyed by geophysical contractors HPEM Geophysical Services, with results as follows: FLTEM surveying completed in full. The company geophysicist has added one additional line to assist in the interpretation/modelling of a deeper bedrock conductor, of moderate conductance, that is centred in the southern part of the loop/migrating to the south. The modelling is yet to be refined, which will update the source, depth, geometry, and conductance levels. This target is deemed worthwhile for the planned 2DIP survey. FLTEM surveying completed in full. Four survey lines, comprising 56 stations, amounting to 2.8kms. Mid-channel anomalism is apparent along line 1275E (negative lobe), but it's possible that the loop is not well coupled to a local confirmed, moderate strength bedrock conductor. Refined modelling may prove the anomaly to be consistent with a confirmed bedrock conductor. If not resolved this way, a re-run of additional surveying may be required to further refine this location. FLTEM surveying completed in full, with no clear bedrock conductors apparent for this broad anomaly mid channel peak amplitudes are apparent (CH20BZ/CH25BZ below) but in late channels (CH30BZ) the response reverses polarity into an IP type effect. It is interpreted that a more conductive cover response with associated IP/polarisation is due likely to the presence of clays. No further works required, although an IP line has been planned over this FLTEM anomaly. The Company intends to conduct a follow-up 2DIP survey over targets it seeks to further de-risk prior to drilling. These 2DIP targets will be confirmed post completion of the FLTEM survey. The survey will be completed by geophysical consultants Zonge Engineering-Mining and Metals. Annuncio • Mar 08
Aldoro Resources Limited, Annual General Meeting, Apr 08, 2021 Aldoro Resources Limited, Annual General Meeting, Apr 08, 2021, at 10:00 W. Australia Standard Time. Location: Mirador Corporate 1/1 Altona Street West Perth Western Australia Australia Agenda: To consider issue of shortfall options to director Joshua Letcher; to consider issue of shortfall options to director Lincoln Ho; to consider issue of shortfall options to director Troy Flannery; to consider ratification of prior issue of options to lead manager; to consider ratification of prior issue of options to company secretory; to consider issue of incentive options to director Joshua Letcher; to consider issue of incentive options to director Lincoln Ho; and to consider issue of incentive options to director Troy Flannery. Annuncio • Mar 05
Aldoro Resources Limited has completed a Derivatives Offering in the amount of AUD 0.134962 million. Aldoro Resources Limited has completed a Derivatives Offering in the amount of AUD 0.134962 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 13,496,161
Price\Range: AUD 0.01
Transaction Features: Rights Offering Annuncio • Feb 17
Aldoro Resources Limited Commences FLTEM Survey At Narndee Project Aldoro Resources Limited announced that a High Power Fixed Loop EM (FLTEM) survey has commenced at the Company's 100% owned Narndee Project (Project). As announced on 24 November 2020, a total of sixteen major targets were initially identified by an airborne VTEM survey around the Milgoo Peak area of the Narndee Igneous Complex. Final data and imagery processing by The Company's geophysical consultants late last year, identified seven (7) clear, discreet bedrock conductors and nine (9) broader, deeper anomalies. It is these exceptional targets that form the basis for the follow-up ground based FLTEM survey. The latter will enable a higher level of target discrimination than the VTEM results, enabling the identification of true bedrock conductors over potentially spurious conductive anomalies, such as connate saline waters that may be trapped in the upper weathered bedrock sequence. A 2DIP survey has been planned (ASX Announcement dated 04 February 2021), and is expected to commence in 3 to 4 weeks' time. Used in conjunction with the FLTEM dataset, these data are expected to significantly increase the likelihood of selecting only legitimate (sulphide) bedrock conductors for follow-up exploration. The Narndee Project continues to be Aldoro's core focus going forward and the Company shall provide shareholders with updates on exploration progress as required. Is New 90 Day High Low • Feb 06
New 90-day high: AU$0.26 The company is up 126% from its price of AU$0.12 on 06 November 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. Annuncio • Feb 04
Aldoro Resources Limited Announces Further De-Risking Prior to Nickel PGE Drilling Campaign Aldoro Resources Limited announced that a Dipole-dipole Induced Polarisation (2DIP or DDIP) survey will be undertaken within the next 3 to 4 weeks at the Company's 100% owned Narndee project (Project). The survey is the latest of several best-practice programs to ensure the Company selects bedrock targets with most potential to discover nickel and PGE mineralisation analogous to the recent Julimar discovery by Chalice Mines. The refinement of data and production of high-resolution imagery from the previous VTEMTM survey in January this year (ASX Announcement 20 January 2021) (Figures 1 & 2), allowed the Company to identify and prioritise potential walk-up drill-ready targets (Figure 3). These targets subsequently became the focus of a planned follow-up FLTEM ground survey (ASX Announcement 21 December 2020). Annuncio • Jan 25
Aldoro Resources Limited has announced a Derivatives Offering in the amount of AUD 0.132762 million. Aldoro Resources Limited has announced a Derivatives Offering in the amount of AUD 0.132762 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 13,276,160
Price\Range: AUD 0.01
Transaction Features: Rights Offering Annuncio • Jan 21
Aldoro Resources Limited Announces Final Dataset for the Narndee VTEM Max Survey Released Aldoro Resources Limited announced that the final data processing and imagery refinement of the helicopter-borne VTEMTM Max survey conducted over the Narndee Project, has been completed by UTS Geophysics Pty Ltd. During November 9 - 21, 2020, Geotech Airborne Pty Ltd. Australia and UTS Geophysics Pty Ltd, carried out a helicopter-borne electromagnetic geophysical survey over the Narndee Project area in Western Australia, utilising their VTEMTM Max system. The area covered by the survey comprised 155 km2 of the southern region at the greater Narnedee Igneous Complex. Initial processing of 1035 line/km of data revealed the location of 16 major targets, comprising 7 type-1 bedrock conductors associated with magnetic features, and 9 deeper anomalies, located in the core area of the NIC. The Company noted that many of the anomalies detected corresponded well with areas of historic surface geochemical results, with the rest untested by historic work. As announced on November 24, 2020, the Company presented only preliminary images of the survey data whilst awaiting final processing of data and refinement of geophysical imagery. The compilation of Resistivity Depth Images by UTS, both in 3D format and resistivity depth slices will now enable The Company to undertake a more detailed interpretation of the data, which will help dictate follow-up work programs. Whilst the formal interpretation of these VTEM data is yet to be completed by Southern Geoscience Consultants, the refined data and imagery released to date support the presence of conductive zones at depths from 50-300m across the entire property. These zones have the appearance of sub-horizontal layers and lense-like bodies reminiscent of a layered, magnetic ultramafic intrusion. Follow-up analyses in the form of EM anomaly picking and magnetic vector inversions to enhance the spatial correlation between the bedrock conductors and related magnetic bodies are being considered for the major anomalies of interest. In addition, the Company has considered applying a range of multi-disciplinary ground-based geophysical applications, such as gravity, EM, magnetics, as well as supplementary soil geochemistry programs, to further delineate priority targets for potential drill-testing. To this end, as announced on December 21, 2020, the Company has scheduled a High-Power Fixed Loop ground EM survey to commence during the month of January. The FLTEM survey will be carried out by HPEM Geophysical Services, who will incorporate those targets that have been interpreted and selected as high priority by SGC. Is New 90 Day High Low • Jan 19
New 90-day high: AU$0.20 The company is up 114% from its price of AU$0.096 on 21 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period. Annuncio • Dec 10
Aldoro Resources Announces Drilling Results on Unaly Hill South Project Aldoro Resources announced drilling results for its Unaly Hill South Project ("the Project"). The Company's Unaly Hill South Project (tenement E57/1045), lies within a north-east trending talc-chlorite schist unit of the Atley Igneous Complex, situated between two sheared granodiorite-granite gneiss units of the Youanmi Terrane of the Yilgarn Craton. The presence of favourable historic drill hole results and a high-resolution ground magnetics survey over large areas of the tenement, allowed Aldoro to produce a geological interpretation of the tenement area and plan their own in-fill drilling program. Historic RAB results (Battle Mountain gold assays), defined a north-east gold trend within the talc-chlorite schist unit, largely confined to an area covering approximately 1200m x 200m. Notable assay results included 6m @ 0.18 g/t Au from 48m (YP733 EOH 54m); 8m @ 0.125 g/t Au from 32m, incl. 4m @ 0.184 g/t from 32m (YP713-EOH 40m), and 12m @ 0.27 g/t Au from 28m, incl. 0.593 g/t Au from 32m (YP712 -EOH 41m). As announced on 13 October 2020, Aldoro completed a total of 56 in-fill RC holes (200m x 50m spacing), aiming to replicate the above historic gold intercepts. Gold anomalism was detected in holes UHSAC018 (4m @ 0.0368 g/t Au from 46m), UHSAC026 (7m @ 0.0327 g/t Au from 38m) and UHSAC029 (9m @ 0.0487 g/t Au from 54m). Individual grades intersected were from holes UHSAC004 (1m @ 0.236 g/t Au from 62m) and UHSAC053 (1m @ 0.22 g/t Au from 34m). Whilst considered anomalous, these grades were disappointing from the aspect that they failed to reflect the higher levels of gold anomalism identified from historic drilling. As a result, the Company will undertake a comprehensive review on the overall prospectivity of the Project and determine whether further drilling is warranted. In the interim, Aldoro's immediate focus remains on finalising the exploration programme at its exciting Narndee Project, with fieldwork expected to commence in early to mid-January 2021. The Company will also continue to review other key projects in its current portfolio in order to unlock greater value for shareholders. Annuncio • Nov 27
Aldoro Resources Limited Announces Board Changes Aldoro Resources Limited confirmed that Executive Director Caedmon Marriott's re-election as a director of the Company was not passed at the Company annual general meeting held on 25 November 2020 (AGM). As a result, Mr. Marriott's tenure as a director of the Company came to an end at the close of the AGM. The board confirms that Mr. Marriott will continue in his role as an executive of the Company. Mr. Lincoln Ho was elected by shareholders as a Non-Executive Director of the Company at the AGM and Joshua Letcher and Mr. Ho subsequently appointed Mr. Troy Flannery to the board as a casual appointment, who will also take a position as Non-Executive Director. Mr. Flannery has more than 23 years' experience in the mining industry, including 7 years in corporate and 16 years in senior mining engineering & project development roles. Troy is also the CEO of Abra Mining Pty Ltd, the corporate vehicle for the Galena Mining Ltd. & Toho Zinc Joint Venture. He has worked at numerous mining companies, mining consultancies & contractors including BHP, Newcrest, Xstrata, St Barbara Mines & AMC Consultants. Mr. Ho has over a decade's experience in equities trading, with a strong focus on due diligence investigations, mergers & acquisitions and corporate restructuring in the emerging companies sector. He also has investor relations experience in both Australia and Asia, having liaised with significant high net-worth investors based in Hong Kong, Singapore and China. Lincoln currently serves as non-executive director of Red Mountain Mining Limited. He previously served as non-executive director of Pure Minerals Limited and Sultan Resources Limited. Lincoln also currently serves as director of the Pioneer Development Fund (Aust) Limited. Annuncio • Nov 25
Aldoro Resources Limited Announces Board Change Aldoro Resources Limited announced that Mr. Rhod Grivas has tendered his resignation as Chairman of the Company effective immediately. Mr. Joshua Letcher will resume the role of Chairman of the Company. Given there are now only two Directors on the Board, the Company has been placed into a Trading Halt pending the appointment of new Directors, expected to occur on 26 November 2020. Annuncio • Oct 13
Aldoro Resources Limited Announces Completion of Unaly Hill South Aircore Drilling Aldoro Resources Limited to update shareholders on recent gold exploration activities at the Company's Unaly Hill South Project. The Unaly Hill South Project is located in the Youanmi Gold Mining District, approximately 16km northeast of Rox Resources and Venus Metals Youanmi Gold Project. The Company has recently completed an aircore (AC) drilling program at the project. This previously announced program aims to test potential dilational structures, with broad zones of coincident historic gold-in-saprolite anomalism, along the Youanmi Shear Zone, identified by Aldoro's work. This initial program consisted of 56 holes for a total of 3,422m. Holes were generally drilled to blade refusal, with an average depth of 61m and to a maximum depth of 102m (hole UHSAC036), due to an increased weathering profile in some areas. The anticipated target geology, based on Aldoro's litho-structural interpretation, was generally encountered through-out the program with holes UHSAC001 to UHS029 testing the western mafic-ultramafic schist unit, with quartz veining and haematite, sericite and carbonate alteration; holes UHSAC030 to UHSAC049 testing the eastern mafic schist-metabasalt unit with BIF horizons, again with quartz veining, disseminated pyrite (trace to 5%) and alteration; and holes UHSAC050 to UHSAC055 testing historic gold intersections at the contact with the metagabbro of the Atley Igneous Complex. The samples will be submitted to the laboratory next week with assay results anticipated in 5 to 6 weeks given the current waiting time being experienced. The company looks forward to updating shareholders on the progress of ongoing exploration activities in due course. Annuncio • Oct 07
Aldoro Resources Limited Updates on Activities at the Company's Kiabye Greenstone Belt and Unaly Hill South Gold Exploration Projects Aldoro Resources Limited updated shareholders on activities at the Company's Kiabye Greenstone Belt and Unaly Hill South gold exploration projects. Aldoro has completed an initial soil sampling program covering an area of approximately 8km2 around Kiabye Well North, on the Kiabye Greenstone Belt. Samples were collected at 50m x 200m spacing and have been submitted to the laboratory for gold and multi-element pathfinder analysis. In conjunction with this work, the Company has received assay results for a number of rock chip and lag samples collected on recent field visits and donated to the Company by local gold prospectors. Whilst the exact location and provenance of the donated samples can not be verified by Aldoro to be reported under JORC, these results warrant an expansion of the current soil sampling program to test and verify the areas identified. A further 2km2 of sampling is planned. The Unaly Hill South aircore drilling program commenced last week and is progressing well with 23 of the 55 holes drilled. The program aims to test potential dilational structures along the Youanmi Shear Zone inferred from Aldoro's ground magnetic survey work and associated with broad zones of gold-in-saprolite anomalies identified in historic shallow vertical RAB drilling. Annuncio • Sep 26
Aldoro Resources Limited Update Shareholders on Recent Activities Across Four of Gold Exploration Projects Aldoro Resources Limited update shareholders on recent activities across four of the Company's gold exploration projects. The previously announced aircore drilling program at Unaly Hill South is due to commence on 30 September, with the team mobilising to site early next week. This 55 hole, approximately 2750m, program aims to test potential dilation structures and broad zones of gold-in-saprolite anomalism along the Youanmi Shear Zone. The Company's is still awaiting assay results from the recent Penny South aircore drilling program, with lab processing times being extended in the current environment. These results will be used to finalise a follow up RC program at the project. The company has recently conducted two field visits to the Kiabye Greenstone Belt (part of the Narndee Project), to investigate a number of recent areas of gold prospecting activity and reported gold nugget finds. After completing preliminary geological mapping and regolith checks, a soil sampling program was commenced last week that should take approximately 3 weeks to complete. This will be followed by a ground magnetic survey and potential aircore drilling over any areas of interest identified. After completing an asset portfolio review earlier this year. The company has been working up the gold potential of the Ryans Find tenement areas, that contain over 50 km strike length of the Marda-Diemals and Watt Hills Greenstone Belts. The Company notes the recent transactions and increased interest around Mt Dimer and is pursuing the grant of tenement applications E77/2502 and E77/2535 to begin work in this area. The Company looks forward to updating shareholders on the progress of ongoing exploration activities in due course. The company holds two projects in the Youanmi Gold Mining District, both situated along the major Youanmi Shear. The Unaly Hill South Project is located 16km northeast of the Youanmi Gold Mine and sits on the continuation of the major regional Youanmi Shear Zone. The tenement area straddles an interesting structural juncture between the Youanmi Shear and the Yuinmery Shear. The company has planned a 55 hole AC drilling program to target potential dilational structures, with coincident historic gold-in-soil anomalism, identified by the Company's work. Site clearing and preparation work was completed earlier this week, with drilling anticipated to commence on 30 September. The company is still awaiting assay results from the recently completed AC drilling program at Penny South with lab processing times being extended in the current environment. The Company is in the process of planning a follow up RC program to the previous RC drilling completed in May. The May program identified a mineralised structure at the Southern Target over a strike length of at least 400m, with assay results of up to 6.7g/t Au; representing the best set of holes drilled in the tenement area. The mineralization observed is hosted in a mafic schist unit, and following a review of the program the holes may not have adequately tested the granodiorite and granodiorite-mafic contact known to host the neighbouring Penny West and Penny North deposits. Any areas of interest identified from the recent AC program will be included in finals plans for the RC program. The Kiabye Greenstone Belt is situated in tenement E59/2238, along the western edge of the Narndee Igneous Complex. The project area covers approximately 30km of strike of greenstone belt lithologies against a sheared granite-greenstone contact. This favour structural setting has had minimal historic gold exploration. Aldoro has recently conducted two field visits to the project to investigate a number of areas of gold prospecting activity and reported gold nugget finds. Evidence of prospecting activity was observed at a number of locations. The Company has completed preliminary geological mapping and regolith checks, as well as rock chip sampling of sulphidic quartz veining associated with some of the prospecting sites. An initial soil sampling program commenced last week covering an area of approximately 8km2 around Kiabye Well North, with samples being collected at 50m x 200m spacing. Further to the south an increase in cover is observed that would necessitate auger sampling. The soil survey is expected to take approximately 3 weeks. Any areas of interested identified by the soil sampling program will be followed up with a ground magnetic survey, detailed geological mapping and potential initial aircore drilling. Following an asset portfolio review earlier this year the Company has decided to keep the Ryans Find Project and focus on gold exploration, as well as continuing nickel-sulphide work. The project consists of one granted tenement (E16/489) and two tenement applications that cover approximately 50km strike length of the Marda-Diemals and Watts Hills Greenstone Belts. Aldoro notes the recent transaction activity around Mt Dimer, with Twenty-Seven Co's purchase of the historic Taipan Mine for up to $1.65m cash and $1.5m cash/stock and the upcoming Aurumin IPO. Annuncio • Aug 07
Aldoro Resources Limited announced that it has received AUD 1.189 million in funding On July 22, 2020, Aldoro Resources Limited (ASX:ARN) closed the transaction. Annuncio • Jul 17
Aldoro Resources Limited announced that it expects to receive AUD 1.189 million in funding Aldoro Resources Limited (ASX:ARN) announced a private placement 13,211,111 new fully paid ordinary shares at an issue price of AUD 0.09 per share for gross proceeds of AUD 1,189,000 on July 15, 2020. The transaction will include participation from professional and sophisticated investors, including Chairman Rhod Grivas and Managing Director Caedmon Marriott who will participate for a total of 311,358 shares, subject to shareholder approval at the next general meeting of shareholders. The transaction is expected to close on July 20, 2020.