Aldoro Resources (ASX:ARN) reported a mineral resource estimate of 520.6 million tonnes of material at 2.49% Total Rare Earth Oxides Equivalent (TREO Eq ) as of Sept.15 at its Kameelburg Rare Earth Element-Niobium project in Namibia, up from 279.9 million tonnes of material at 2.45 TREO Eq as of July 10, according to a Friday filing with the Australian bourse.

The mineralization remains open along strike and down dip, and ongoing metallurgical testwork is expected to be completed in the near term, the filing said.

Shares of the company rose past 5% in recent Friday trade.