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.
The updated resource, effective 30 June, also increased the project’s total rare earth resource to 804.5 million tonnes grading 2.90% total rare earth oxide equivalent, containing approximately 1.37 million tonnes of neodymium-praseodymium (NdPr) oxide, a critical material used in permanent magnets for electric vehicles, wind turbines, defence technologies and artificial intelligence-enabled robotics.
Aldoro chairwoman Quinn Li says the project offers exposure to both the high-value rare earth magnet market and the global industrial magnet sector.
“In addition to supplying the critical rare earth elements required for high-performance neodymium-iron-boron permanent magnets, Kameelburg also hosts the world’s largest strontium mineral resource. Strontium is the essential raw material used in the manufacture of strontium ferrite permanent magnets, which remain the world’s most widely produced permanent magnets by volume,” she says.
Li says the project’s unique mineralogy differentiates it from conventional rare earth deposits.
Unlike most strontium deposits, where the mineral is hosted in celestite, Kameelburg’s mineralisation occurs primarily within ancylite, a strontium-rare earth carbonate mineral.
