Aldoro Resources (ASX:ARN) said assays confirm an "uninterrupted" niobium mineralization across 388 meters at Line 3 with a grade of 0.5% niobium pentoxide at its Kameelburg rare earth elements and niobium project in Namibia, according to a Friday Australian bourse filing.
The firm said that it also discovered rare earth element mineralization along the line and that it had collected samples for metallurgical and beneficiation testing.
It added that an additional 4,500 meters of trench sampling are awaiting assay.
The firm's shares lifted past 10% in recent Friday trade and earlier hit their highest since November 2021.
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