Encounter Resources (ASX: $ENR) announces expansion of high-grade mineralisation

Encounter Resources Ltd (ASX: $ENR) has reported the expansion of shallow, high-grade mineralisation at the Aileron project in the West Arunta region of WA. The aircore drilling program has successfully targeted high-grade, near-surface niobium-REE mineralisation, with the first assays from the Crean site returning promising results.

Executive Commentary on Aircore Drilling Results

Aircore drilling is opening up new fronts of shallow niobium-REE carbonatite hosted mineralisation at Aileron. The aircore rig completed over 10,000m of drilling in its first month on site, expanding the near surface footprint of the Crean, Hurley, and Emily carbonatites. The drilling has proven to be a fast, low impact, and cost-effective method to discover near surface niobium-REE mineralisation in this part of the West Arunta.

Summary of Expansion and Future Prospects

Encounter Resources Ltd (ASX: $ENR) has successfully expanded the area of shallow, high-grade mineralisation at the Aileron project in the West Arunta region of WA. The aircore drilling program has identified continuous near-surface carbonatite at the Crean site, with the mineralised trend now over 800m long and appearing to strengthen to the west. The company's next steps involve completing RC/diamond drilling to establish depth continuity and further aircore drilling along strike towards Hoschke. With assay results from the second batch of aircore samples expected in July 2024, Encounter Resources remains optimistic about the potential of the Aileron project and its prospects for discovering major copper and niobium/REE deposits in Australia.