ALDORO RESOURCES LIMITED — Capital/Financing Update 2024

Nov 28, 2024

ASX and Media Release 29 November 2024

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DIAMOND DRILLING COMMENCES AT KAMEELBURG NIOBIUM & REE PROJECT

Highlights

• Diamond drilling at the Kameelburg Niobium & REE project has commenced.

• Aldoro is using its own diamond rigs & drilling team to minimize the drilling cost and maximise operating efficiency.

• Initially 7 diamond holes ranging in depth from 200m and up to 400m will be drilled across the carbonatite

• Drilling targets will test the positive indications of mineralisation confirmed by the magnetic survey, rock chip, geochemical and trenching surveys.

• Drilling will allow the company to better understand the resource potential of the carbonatite in addition to grade at depth while paving the foundation for the next stage of resource drilling.

• Track work to all drill pads is nearing completion.

Aldoro Resources Ltd (“ Aldoro ”, “ The Company” ) ( ASX: ARN ) is pleased to advise that the diamond drilling program to test the positive indications of mineralisation confirmed by the magnetic survey, rock chip, geochemical and trenching surveys has successfully commenced utilising company owned drilling rigs. See image 1:

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• Image 1:

• • Company owned diamond drilling rig commences drilling the first diamond drill hole at the Kameelburg project.

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 1, 38 COLIN STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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A total of 7 diamond holes will be drilled ranging in depths from 200 meters to 400 meters. A summary of the diamond holes and co-ordinates is as follows:

	diamond holes will be drilled ranging in depths from 200 meters to 400 meters. A summamond holes and co-ordinates is as follows:
Hole No.	EastingNorthingAzimuthDipDepth(meters)
DD001	631200770298018070200 m
DD002	631000770293018065200m
DD003	630850770306018060400m
DD004630750770293018060400m
DD005630450770260016060400m
DD006631400770285018060200m
DD007631600770300018060200m

Trackwork to all drilling pads is nearing completion. The 7 diamond holes have been designed to allow the Company to better understand the resource potential of the carbonatite in addition to understanding the potential of commercial grade at depth while paving the foundation for the next stage resource drilling.

As drilling progresses the Company will expedite assays and keep shareholders informed.

Authorised for and on behalf of the Board,

Sarah Smith Company Secretary

About Aldoro Resources

Aldoro Resources Ltd is an ASX-listed ( ASX: ARN ) mineral exploration and development company. Aldoro has a portfolio of critical minerals including rare earth, lithium, rubidium and base metal projects. The Company’s suite of projects include the Kameelburg REE & Niobium Project in Namibia, the Wyemandoo lithium-rubidium-tungsten project, the Niobe lithium-rubidium-tantalum project and the Narndee Igneous Comples project in Western Australia.

Disclaimer

Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Aldoro operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Aldoro’s control.

Aldoro does not undertake any obligation to update publicly or release any revisions to these forwardlooking statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 1, 38 COLIN STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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announcement. To the maximum extent permitted by law, none of Aldoro, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as of the date of this announcement.

securities by Aldoro. Nor does this announcement constitute investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision.

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 1, 38 COLIN STREET WEST PERTH, WA 6005 http://www.aldororesources.com