Aldoro Resources : Phase II Drilling Update at Niobe

For personal use only

ASX and Media Release

04 February 2022

Phase II Drilling Update at Niobe

• Fifteen more RC holes were completed at Niobe
• All holes intersected pegmatite intervals at multiple intervals below the surface
• Pegmatite intersections continue to confirm those from historical drilling
• pXRF readings compare well with historic assay results

Aldoro Resources Limited (Aldoro, The Company) (ASX: ARN) is pleased to provide an exploration update for the Mineral Resource drilling program at the Niobe Project. A further fifteen holes have been completed, with all intersecting pegmatites. The full results of these holes will be announced when geological logs, systematic pXRF readings, and QAQC checks are completed.

Figure 1. RC rig in action at Niobe

The results of the second phase of drilling at Niobe continue to encourage, with intersections of pegmatites confirming historical drilling. Pegmatite intersections have continued to be as thick or thicker and located where predicted. Full details of the pegmatite intersections will be announced when detailed logging, pXRF, and QAQC checks are completed.

Abundant mica species have continued to be identified in geological logs, further encouraging the ongoing drill program.

A pXRF program is underway, scanning every metre of RC drilling to fast-track interpretation and planning. The results of the pXRF readings will be reported as they come to hand.

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | [phone]

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

For personal use only

Figure 2. Photograph of drill chips from hole NBRC032 from 0m downhole top left to 24m downhole bottom right, showing pegmatite

intersections (pale) and host mafic rocks (dark).

Figure 3. Photograph of pegmatite specimen located near the drill grid at Niobe, showing abundant mica content.

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | [phone]

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

For personal use only

Figure 4. Field technician sieving drill chips at the Niobe drill program.

Forward Plan

The drilling program is ongoing to completion, with the aim of estimating a JORC2012 reportable Mineral Resource when all assay results have been received.

The RC rig will then mobilise to the Wyemandoo Project, where an extensive greenfields drill program is planned.

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | [phone]

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

For personal use only

Table 1. Details of pegmatite intersections returned and QAQC checked for drilling at Niobe.

ENDS

This announcement was approved for release by the board.

About Aldoro Resources

Aldoro Resources Ltd is an ASX-listed (ASX: ARN) mineral exploration and development company. Aldoro has a portfolio of gold and nickel focused advanced exploration projects, all located in Western Australia. The Company's flagship project is the Narndee Igneous Complex, which is prospective for Ni-Cu-PGE mineralisation. The Company's other Ni-Cu-PGE projects include the Cathedrals Belt Nickel Project, with a significant tenement holding surrounding St George Mining's (ASX: SGQ) Mt Alexander Project, the Leinster Nickel Project (Ni), and the Windimurra Igneous Complex (Ni-Cu-PGE, Li).

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | [phone]

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

For personal use only

Figure 3. Location of the ARN landholding over the NIC and Niobe projects.

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | [phone]

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com