Aldoro Resources Ltd is preparing for drilling at its flagship Kameelburg Niobium and Rare Earth Element (REE) Project in Namibia with significant changes to its board composition. Effective August 26, Dr. Minlu Fu and Edwin Bulseco have been appointed as non-executive directors, a move aimed at enhancing the company’s resource definition, drilling capabilities, and commercialisation efforts.
Board transition and strengthening
The addition of Dr. Fu and Mr. Bulseco aligns with Aldoro’s strategic focus on strengthening its expertise in resource development and offtake arrangements. This transition comes at a time of growing interest in the Kameelburg asset, with Aldoro receiving several unsolicited expressions of interest for potential farm-in and offtake agreements.
New board appointments
Dr. Minlu Fu
Dr. Fu is a distinguished geologist who earned his PhD from La Trobe University in 1989. His career includes significant roles at Western Mining Corporation in Australia and China, where he worked as a research geologist, senior research geologist, and exploration manager from 1987 to 2000. Dr. Fu has been instrumental in major exploration successes, including the West Musgrave nickel deposit in Western Australia, the Tampakan copper-gold deposit in the Philippines, and the Ernest Henry copper-gold deposit in Queensland. Additionally, he played a key role in discovering several significant deposits in Xinjiang, China.
Edwin Bulseco
Mr. Bulseco is the principal and founder of a Perth-based boutique corporate advisory firm specializing in emerging companies across resources, energy, technology, and industrial sectors. His experience includes investment banking activities such as IPOs, capital raisings, and acquisitions. Bulseco has been pivotal in growing micro-caps into ASX 300 entities and has previous experience in commercial and strategy roles on multi-billion-dollar energy projects in Africa and Asia. He holds a Bachelor of Commerce Degree with Merit and has served as a director on various ASX-listed resource companies.
Acknowledging outgoing directors
Aldoro Resources also announced the resignation of non-executive directors Mark Mitchell and Lincoln Ho, effective August 31, 2024. The company expressed its gratitude for their substantial contributions over the years and wished them success in their future endeavors.
The appointment of Dr. Fu and Mr. Bulseco is expected to bring valuable expertise and experience to Aldoro Resources, supporting the advancement of the Kameelburg Niobium and REE Project and positioning the company for future success.
