ALDORO RESOURCES LIMITED — Capital/Financing Update 2024

Nov 24, 2024

ASX and Media Release 25 November 2024

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PRE-DRILL TRENCHING PROGRAM EXPANDED AT KAMEELBURG

Highlights

• The initial 7 pre-drill trenches over the Kameelburg carbonatite have been completed with samples dispatched for expedited assay.

• The pre-drill sampling program has been expanded with an additional 15 trenches pegged with sampling having already commenced.

• Trenching assays will enhance drill location targeting and improve the understanding around the correlation between the Kameelburg carbonatite magnetic signature and associated content of REE and Niobium derived from the rock chip and soil surveys that have been conducted.

• The expanded trench sampling program is expected to be completed over the next week.

Aldoro Resources Ltd (“ Aldoro ”, “ The Company” ) ( ASX: ARN ) is pleased to advise that the initial trench sampling program comprising of 7 trenches over the Kameelburg carbonatite has been completed with samples dispatched for expedited assay.

To enhance the understanding of the conformity of the carbonatite prior to drilling the Company has undertaken to expand the trenching program with an additional 15 trenches to be sampled ranging in length from 75 meters and up to 250 meters.

The purpose of the trenching program is to evaluate the geochemical anomalies in addition to providing more reliable information for our forthcoming drilling program. It is expected the expanded trenching program will be completed within the next week.

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.

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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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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 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