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Encounter Resources Limited (ASX:ENR)

ALERT: Price-sensitive ASX Announcement for ENR
Current share price for ENR : $0.225 -0.2 (-47.06%)+
Announcement
Release
27 Jan 2026 8:23AM
Price at Release
$0.425
Full Release
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Summary
Encounter Resources Limited has announced results from its Haddon Prospect, part of its 100% owned Yeneena Copper Project in the Paterson Province, Western Australia. The company completed a nine-hole reverse circulation (RC) drilling program in November 2025, which revealed extensive copper and silver anomalism across a 700m x 700m area, centered on a major regional fault. A follow-up diamond drilling program is planned for April 2026 to test the black shale horizon for primary copper sulphide mineralisation. The Haddon Prospect is analogous to the Nifty copper deposit and shows promise for further mineralisation discovery as the company continues its exploration efforts.
Key Points
  • Encounter Resources conducted a nine-hole RC drilling program at the Haddon Prospect.
  • The program revealed a laterally extensive copper anomaly over a 700m x 700m area.
  • Results showed strong silver anomalies coinciding with interpreted structures.
  • A diamond drill rig was mobilised but demobilised due to field conditions.
  • Further diamond drilling is planned for April 2026 to explore deeper targets.
  • The Haddon Prospect is located in a geological setting similar to the Nifty copper deposit.
  • Anomalous intervals were hosted in an iron-manganese-rich horizon at the base of the weathering zone.
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.