Largest deposit for magnet producing mineral found

Australian-listed Aldoro Resources has declared its Kameelburg Project in Namibia the world’s largest strontium deposit after significantly upgrading the project’s mineral resource, strengthening its position in the global critical minerals market.

The company announced an updated independent JORC-compliant (Australian code of reporting exploration results) mineral resource estimate showing Kameelburg hosts 802.1 million tonnes grading 2.11% strontium, equivalent to 3.54% strontium carbonate (SrCO 3). Strontium is used in the manufacture of permanent magnets.