Aldoro Resources Ltd (ASX: ARN) has expanded its Phase I diamond drilling program at Kameelburg, adding up to four deviated and horizontal holes to assess the width and depth of mineralization. Ten diamond holes totalling 3,905 meters have been completed, with an additional 2,700 meters planned. A third-party contractor will drill two horizontal holes (up to 800 meters each) because their length exceeds Aldoro’s rig capacity.
Expedited assays for the first two holes have arrived in Australia, with more in transit, as the Company tests for niobium, rare earths, and carbonatite elements. Aldoro remains well-funded, with drilling costs at less than 50% of market rates. Non-Executive Director Dr. Minlu Fu has provided an AU$1 million interest-free loan to support exploration, further bolstering financial flexibility. The Company’s holdings in listed shares and recent option exercises ensure continued funding for the expanded drilling and assay programs.
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