• Underwriting agreement for $3.27M in ARN options expiring 9 Sept 2026
• Up to 13,092,857 new shares to be issued on option exercise
• Funding to support resource growth, drilling, and metallurgical testing at Kameelburg project

Aldoro Resources Ltd has entered into an underwriting agreement for $3.27 million in unlisted options expiring on 9 September 2026. The underwriting agreement will see up to 13,092,857 new fully paid ordinary shares issued upon exercise of the options. The funding will support continued resource growth, deeper drilling, and metallurgical test work at Aldoro's flagship Kameelburg REE-Strontium-Niobium Project in Namibia. The underwriter, The Pioneer Development Fund (Aust) Limited, has a long-standing relationship with Aldoro and the underwriting reflects confidence in the strategic significance of the Kameelburg project. The proceeds will be used for additional metallurgical drilling, further metallurgical processing test work and pilot testing, as well as general working capital. The underwriting agreement contains customary terms and conditions, including termination events that could lead to the agreement being terminated prior to the issue of any shortfall shares.