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Encounter Resources (ASX: $ENR) intersects high-grade niobium across multiple targets

Encounter Resources (ASX:ENR) announces high-grade niobium-REE mineralisation at Aileron project


Encounter Resources Limited (ASX:ENR) has announced the intersection of further shallow, high-grade niobium-REE mineralisation across multiple targets at the Aileron project in the West Arunta region of WA. The latest results validate the abundant fertility of the new carbonatite mineral province, with extensive footprint of carbonatites containing +2% NbO5 drill intercepts continuing to grow with each drill program.

Executive Chairman's Commentary on High-Grade Niobium Intercepts


Commenting on the new high-grade niobium intercepts, Executive Chairman Will Robinson stated, 'Encounter's Aileron project in the West Aruna hosts multiple bodies of high-grade, near-surface niobium oxide mineralisation. Crean is shaping up as a coherent body of thick, high-grade niobium mineralisation. Green contains a large, laterally mineralised zone with frequent high-grade niobium intercepts (+2% Nb2O5) defined in broad spaced aircore drilling. Beyond these discoveries, with new results such as at Joyce, we are continuing to validate our targeting model, which focuses on major regional faults capable of hosting mineralised carbonatites over considerable strike length. Finding and delineating high-grade zones, with mineable dimensions, along these mineralised corridors, is an immediate priority.'

Summary of High-Grade Niobium Intercepts and Future Plans


Encounter Resources' latest announcement highlights the intersection of high-grade niobium-REE mineralisation at the Aileron project in the West Arunta region of WA. The company's focus on discovering major copper and niobium/REE deposits in Australia is evident in the successful delineation of high-grade mineralisation at the Green and Crean targets. The extensive footprint of carbonatites containing +2% NbO5 drill intercepts continues to grow, with plans for targeted RC drilling to test the depth extent and define the parameters of high-grade zones at Crean and Green. Additionally, the validation of the targeting model and the exploration of new mineralised carbonatite complexes at Joyce demonstrate Encounter's commitment to furthering its understanding of the region's mineral potential. The company's immediate priority is to find and delineate high-grade zones with mineable dimensions along the mineralised corridors, reflecting its ambitious exploration and development goals.

ENCOUNTER RESOURCES LIMITED
ENR | ASX | Materials
0.385-0.015(-3.75%)
At close 22/11 (AEDT)
Market cap
$174.9M
Volume
1,190,386
DY Yield
PE Ratio
52 Week Range
0.225 - 0.92
1YR Return
N / A

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