Aldoro Resources set to start its maiden drilling program

By Jonathan Jackson. Published at May 14, 2021, in Mining

Aldoro Resources (ASX:ARN) is set to begin its maiden drilling campaign.

ARN has 100% of the Narndee Nickel PGE Project in WA and has now secured its diamond drilling contractor - expected to be on site in June.

The company is chasing a Chalice Mines style discovery.

Chalice Mines discovered the world class Julimar PGE-Ni-Cu-Co-Au discovery in WA in 2020. This was Australia’s first major palladium discovery and opened up an entirely new minerals province.

Chalice went from 20c to $5.31 - that’s over 25 x return. It is now capped at $2.6BN...

The $26.9M capped Aldoro will begin with a 5000 metre program and has the ability to increase its program as results come in.

The drilling announcement comes just a month after ARN completed its Fixed Loop Electromagnetic (FLTEM) survey at the group’s Narndee Project in Western Australia.

The FLTEM data’s initial processing confidently constrained two walk-up, drill-ready targets, being VC1 and VC11.

Drilling will focus on confirmed high confidence anomalies VC1, VC11 and VC8.

These holes will also be assessed to determine their viability to conduct DHTEM surveys.

Those surveys will then be used to assess the size and nature of the in-hole bedrock conductors at depth, and also identify adjacent, off-hole bedrock conductors.

Aldoro is in the process of finalising a gradient array (GAIP) survey - an electrical geophysical technique which has the ability to identify disseminated sulphide mineralisation.

This type of survey helps de-risk the Project and refine its targets.

ARN will further investigate the use of a GAIP survey over all 11 high-interest anomalies (VC1-VC11) identified from the FLTEM survey.

ARN is backed internationally renowned geologist Dr Minlu Fu, who invested $2M into the company making his entity Dr Minlu Fu and Associates one of ARN’s largest shareholders.

Dr Fu’s previous successes and enviable track record involve a number of nickel, copper and gold discoveries and it is the potential to make a large nickel discovery that attracted him to make a strategic investment in ARN.


View Our Investment Portfolios


S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X