• Aldoro intersects 603m of continuous mineralisation in first Phase II hole
• Extends Kameelburg deposit 200m west and 100m depth
• Significant shallow intercepts of Strontium Carbonate (SrCO3), Rare Earths (REE), Niobium (Nb) and Molybdenum (Mo)

Aldoro Resources Ltd has received assay results for diamond drill hole DD005E from the Phase II drilling program at the Kameelburg Niobium and REE deposit in Namibia. The hole intersected 603 meters of continuous mineralisation, confirming a 200-meter westerly extension and a 100-meter depth extension of the deposit. Significant shallow intercepts include 10 meters at 2.40% TREO, 6.86% SrCO3, 0.19% Nb2O5 and 156ppm Mo from surface, and 33 meters at 1.76% TREO, 4.45% SrCO3, 0.19% Nb2O5 and 156ppm Mo from 35 meters. The average across the entire 603 meters is 0.8% TREO, 2.4% SrCO3, 0.15% Nb2O5 and 103ppm Mo. The results highlight the significant scale of the Kameelburg deposit, with mineralisation now extending 1.5km long by 650m wide and 600m deep, remaining open at depth. Importantly, the assays indicate substantial exposure of the industrial ferrite magnet metal Strontium, with Strontium Carbonate (SrCO3) prices doubling from approximately US$1,200/tonne to US$2,400/tonne (CFR Europe) between late 2024 and mid-2025 due to supply disruptions from Iran, which controls 85% of global celestite reserves. Strontium Carbonate is a critical raw material, constituting 25-40% of ferrite magnet production costs, making pricing volatility directly material to global magnet supply chains.

The Phase II drilling program is continuing with 14 holes drilled this quarter across 6,495 meters of diamond drilling. Additional assays have arrived in country and are expected to be processed continually throughout April.