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Encounter Resources Limited (ASX:ENR)

ALERT: Price-sensitive ASX Announcement for ENR
Current share price for ENR : $0.300 0.075 (33.33%)+
Announcement
Release
25 Aug 2026 8:02AM
Price at Release
$0.225
Full Release
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Summary
Encounter Resources Limited is making significant progress at its Aileron Project in Western Australia, focusing on the Emily and Green deposits. Recent high-grade niobium intersections from drilling have shown promising results, particularly at the Emily deposit, which has an inferred resource estimate of 3.5Mt @ 1.9% Nbâ‚‚Oâ‚…. Ongoing diamond drilling at Emily aims to confirm depth continuity and obtain samples for metallurgical test work. The Green deposit has also shown thick and high-grade niobium mineralisation through infill drilling. The continuous drilling campaign at Aileron is expected to generate substantial assay results throughout 2026 and 2027, with plans to update Emily's mineral resource estimate based on 2026 drilling data.
Key Points
  • Encounter Resources Limited (ASX:ENR) is advancing the Aileron Project in the West Arunta region of Western Australia.
  • The Aileron Project includes the Emily and Green deposits, known for high-grade niobium mineralisation.
  • Recent drilling results at Emily and Green have revealed further high-grade niobium intersections.
  • Emily deposit has an Inferred Mineral Resource Estimate of 3.5Mt @ 1.9% Nb2O5.
  • Green deposit features infill drilling results indicating thick, high-grade niobium mineralisation.
  • Diamond drilling has commenced at Emily to confirm depth continuity and gather samples for metallurgical testing.
  • Encounter plans to release an updated Mineral Resource Estimate for Emily after incorporating 2026 drilling results.
  • The company is conducting extensive drilling campaigns at Aileron, expected to yield a continuous flow of assay results into 2027.
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.