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Encounter Resources Limited (ASX:ENR)

ALERT: Price-sensitive ASX Announcement for ENR
Current share price for ENR : $0.270 -0.03 (-10%)+
Announcement
Release
22 Jan 2025 8:23AM
Price at Release
$0.300
Full Release
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Summary
Encounter Resources Limited has announced significant results from their recent RC drilling program at the Green niobium carbonatite complex, revealing extensive high-grade niobium mineralisation across two key zones. The results indicate a continuous body of mineralisation over 800m at Green Central and over 400m at Green South-West, with several high-grade intersections reported. The company plans to accelerate resource definition drilling and commence mining studies at Green, Crean, and Emily as they see substantial potential for further mineralisation extensions.
Key Points
  • RC drilling assay results define two extensive zones of high-grade niobium mineralisation.
  • Discovery of a large continuous body over 800m of strike at Green Central.
  • Notable intersections include 30m @ 2.0% Nb2O5 and 41m @ 1.8% Nb2O5.
  • New results from Green South-West show significant mineralisation, including 22m @ 3.3% Nb2O5.
  • Mineralisation remains open with significant potential for extensions.
  • Plans to accelerate resource definition drilling and commence mining studies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.