Aldoro Resources to conduct further electromagnetic surveys at Narndee Nickel-PGE Project

Aldoro Resources Ltd (ASX:ARN) will conduct moving-loop transient electromagnetic (MLTEM) surveys at its flagship Narndee Nickel-PGE Project in the remaining weeks of June, as two drill-ready targets raise hopes for the project’s potential. The company had planned to kick off dipole-dipole (2DIP) surveys over each of the highly prospective targets identified in the company’s recent fixed-loop transient electromagnetic (FLTEM) survey, but the ongoing resources boom has pushed the timeline out. But Aldoro believes it will be worth the wait, with two targets identified from the FLTEM survey, in particular, exciting the company - VC1 and VC11. Narndee potential Aldoro chairman Joshua Letcher spoke about the company’s hope for Narndee and said the 2DIP delay was out of its hands. “The next step planned was to conduct dipole dipole (2DIP) survey over each of the targets to eliminate the targets that are likely to be groundwater but this survey has been delayed due to the ongoing resources boom pushing back availability,” he said. “Our team has been working around the clock to ensure we minimise delays and keep to our original schedule and during the review of the final FLTEM data, we identified VC1 and VC11 as drill-ready targets. “The structure of these targets is extremely encouraging and having overlayed the Maximus Resources Ltd (ASX:MXR) drilling from 2012 has increased the confidence of intersecting nickel sulphide in VC1, given that the historic drilling intersected encouraging nickel and copper with platinum group elements (PGE) roughly 40 metres from our VC1 FLTEM produced target.” Next steps The 2DIP survey will now take place in mid-July, alongside a gradient array IP (GAIP) survey, which will detect chargeability of possible sulphide mineralisation within existing priority targets. Meanwhile, the MLTEM survey is expected to be conducted over the second half of June along with a site visit to collect geochemical samples over the priority targets and check for visible signs of mineralisation at the surface. “We will target to drill inspection holes into these two targets and conduct immediate down hole EM in the first half of July whilst awaiting the 2DIP and GAIP surveys over the remaining targets,” Letcher said. Battery boom pivot As reported by Proactive, Aldoro plans to capitalise on the battery metals boom as it prepares for a drilling campaign while launching plans to spin out its non-core gold projects. In the last six months, the company has turned its focus to the WA-based Narndee Igneous Complex - a move that has seen Aldoro’s share price skyrocket from 15 cents in November to 34 cents in mid-June. The project has quickly become Aldoro’s flagship asset - a strong nickel-copper-PGE play with unprecedented scale. - Daniel Paproth