Encounter Resources confirms discovery

Encounter Resources (ASX:ENR) has announced the first assay results from its RC drilling program at the Green prospect within the Aileron project in Western Australia. The results reveal a significant high-grade niobium discovery, with notable intercepts showcasing extensive mineralisation.

Summary of Encounter Resources' announcement

Encounter Resources has confirmed a significant niobium discovery at the Green prospect, part of their Aileron project, with promising assay results from initial RC drilling. The discovery highlights a large mineralised carbonatite complex with high-grade niobium mineralisation over a 3-kilometer zone. Upcoming results from 30 additional drill holes are expected, with the company planning metallurgical tests in 2025. The findings at Green are poised to impact the West Arunta mineral field positively, aligning with Encounter's strategy to uncover major copper and niobium/REE deposits in Australia.

Executive commentary on niobium discovery

These results establish a zone of extensive, thick, high-grade mineralisation at Green, marking it as one of the best in the West Arunta region. The results also demonstrate the continuity of the high-grade niobium system from WA1's Luni discovery into the Green prospect.