Resource drilling ongoing with more pegmatites being intercepted

Published 10-AUG-2022 18:13 P.M.

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This week our exploration investment Aldoro Resources (ASX: ARN) put out two updates across all of the drilling the company is doing right now.

First was around the drilling program at ARN’s Wyemandoo rubidium-lithium project.

Here the company announced that ~29 RC drillholes had been completed and that pegmatite structures as thick as ~30m had been intercepted.

Second, ARN put out an update for its infill resource definition drilling program at its Niobe rubidium-lithium project.

Here ARN confirmed that pegmatites were being intercepted >50m in thickness with initial drilling exceeding pre-drilling expectations.

We are more focused on seeing the assay results from the Niobe project, given this is following up on a recent drilling program that ARN set out to complete so that it could define a maiden JORC resource for its project.

We did a deep dive on what a JORC resource could mean for ARN and what we were watching next in our latest note which you can here read here: ARN delivers rubidium assay results, good enough to drill again.