Carmelburg Niobium Rare Earth Ore Reserves Increase by 85%

Published: Sep 29, 2025 10:50

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Aldoro Resources has updated the resource estimate for the Kameelburg rare earth-niobium-molybdenum deposit in Namibia for the second time in less than two months, posing a challenge to similar deposits in Canada and Brazil.

At a cut-off grade of 0.5% total rare earth oxides (TREO), the project's inferred ore resources amount to 520.61 million mt, with an equivalent TREO grade of 2.49% (comprising TREO grade of 1.18%, niobium grade of 0.2%, and molybdenum grade of 0.0201%). This resource estimate represents an 85% increase compared to the previous one.

At a cut-off grade of 1% TREO, the upper high-grade zone contains resources of 271 million mt with an equivalent TREO grade of 2.9%, while the lower two zones contain niobium ore resources of 231.59 million mt with a niobium grade of 0.24%.

The project has a Pr-Nd ratio of 21%, which is among the highest for hard-rock rare earth deposits and significantly higher than that of ionic clay-type deposits.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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