Aldoro Resources Ltd. announced that it has now finalized the binding heads of agreement (Agreement) with Mining Equities Pty Ltd. for the acquisition of their 100% interest in the now granted license E58/571. Aldoro originally announced this acquisition to the ASX on 4th August 2021, which was conditional on the tenement being successfully granted. The licence located in the Mt Magnet area of Western Australia (the Tenements).

E58/571 is located 80km southeast of Mount Magnet, covers 9km2 and lies strategically between Aldoro's granted tenements E59/2431 and E57/1017. The project is a rare metal exploration project in an Archean layered mafic intrusion cut by numerous pegmatite dykes.