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ASX and Media Release

17 March 2022

Completion of Drilling at Niobe

  • Sixty-fiveRC holes in total completed at Niobe to conclude the drilling programme
  • Majority of holes intersected pegmatite intervals at multiple levels below the surface
  • Pegmatite intersections continue to confirm historical drilling results
  • Drill rig demobilising and on the way to Wyemandoo for upcoming drilling programme
  • Rock chip sampling continues at Wyemandoo

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 total of sixty-five holes have been completed, with a majority intersecting pegmatites.

Figure 1. pXRF work in action on RC samples at Niobe

The results of the final phase of drilling at Niobe continued to encourage, with intersections of pegmatites confirming historical drilling. Pegmatite intersections have continued to be as thick or thicker at locations 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 investigations of the Niobe Dyke system.

A pXRF program is now completed, scanning every metre interval 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 | +61 8 6559 1792

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

For personal use only

Figure 2. Cross-section at 526830m east, MGA94 grid, showing NBRC047, NBRC046 and NBRC055 visual results

Figure 3. Cross-section at 526840m east, MGA94 grid, showing NBRC058 visual results

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

For personal use only

Figure 4. Cross-section at 526380m east, MGA94 grid, showing NBRC010 and NBRC011 visual results and includes historical drilling

Figure 5. Overview plan of Niobe, showing the drilling at Niobe, Niobe South-East, and Breakaway areas

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

For personal use only

Figure 6. Collar plan of Niobe Central, showing the locations of recently completed RC holes. Note the pegmatite outcrop dips to the

northwest under the angled drill holes.

Figure 7. Collar plan of Niobe South East, showing the locations of recently completed RC holes

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

For personal use only

Figure 5. Collar plan of the Breakaway area, showing the locations of recently completed RC holes

Forward Plan

With the Niobe drilling programme completed, the Company will now endeavour to provide a JORC 2012 reportable Mineral Resource estimate when all assay results are received.

The RC rig has demobilised, soon to return to the Wyemandoo Project, where an extensive greenfields drill programme is planned.

This announcement has been approved for release to ASX by the Board of Aldoro Resources

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

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Aldoro Resources Ltd. published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 21:25:37 UTC.