Aldoro Resources Limited provided an update on its 100% owned Niobe Rubidium-Lithium Project, located 80km by road northwest of Mount Magnet, Western Australia. Newland Environmental Consultants were engaged to undertake the Flora and Vegetation survey across the Niobe tenement. An excerpt from the Flora and Vegetation Survey performed last month across the Niobe Project tenement (P59/2137) confirms that No vegetation types or landforms in the survey area were considered as being rare, unique or restricted, or representing the DBCA descriptions of Midwest Threatened Ecological Communities (`TEC's) or Priority Ecological Communities (`PEC's).

No riparian vegetation was observed in the survey area. Aldoro is pleased with the outcome of the environmental survey and are actively continuing with other project development activities including: Utilising Niobe's JORC Mineral Resource estimate in its Mineralisation Report submission to the Department of Mines (DMIRS) in October 2022. Niobe's Mineralisation Report and Supporting Statement commences the application process to convert P59/2137 tenements to a mining lease.

Progressing the Niobe scoping study, including metallurgical test work. Performing Fauna survey as part of desktop study over Niobe. The final heritage survey covering the Niobe tenement was performed on the 25th & 26th October 2022, alongside representatives from Wajarri Yamatji (Simpson Area) and Horizon Heritage.

The survey progressed well with two sites of cultural significance identified but were not in the areas of known mineralisation. A Heritage Survey Report will be prepared by Horizon Heritage and submitted to Aldoro. Commencement of native title discussions with the Wajarri Yamatji (Simpson Area) over the Niobe Project and expected to continue into the start of 2023.