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Encounter Resources Limited (ASX:ENR)

ALERT: Price-sensitive ASX Announcement for ENR
Current share price for ENR : $0.240 -0.03 (-11.11%)+
Announcement
Release
23 Jun 2026 8:15AM
Price at Release
$0.270
Full Release
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Summary
Encounter Resources Limited has launched a 3,500-meter drilling program at its Yeneena Copper Project in Western Australia's Paterson Province, utilizing two rigs. This initiative aims to explore high-grade copper mineralization previously identified at the Parbo copper system and the Haddon Copper Prospect. The drilling will target extensions of known mineralization and test new areas within the Parbo system, which extends over 8 kilometers. Initial results are anticipated in August 2026, with the company emphasizing its strategic focus on the discovery of significant copper and gold deposits.
Key Points
  • Encounter Resources Limited has commenced a two-rig, 3,500 meter drill program at the Yeneena Copper Project.
  • The drilling is focused on testing targets along the Parbo copper system and completing a diamond drill hole at Haddon.
  • Previous drilling by Antofagasta from 2012-2016 identified high-grade copper intersections that will be further tested.
  • The first assay results are expected in August 2026.
  • The Parbo copper system extends over 8 kilometers along the McKay Fault and hosts high-grade mineral resources.
  • The Yeneena project involves four prioritized drill targets within the Parbo copper system.
  • The Haddon Copper Prospect is identified as having a zone of copper anomalism with strong silver results.
  • The project highlights the company's strategic focus on copper and gold deposit discoveries in prospective mineral belts.
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.