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Enterprise Metals Limited (ASX:ENT)

ALERT: Price-sensitive ASX Announcement for ENT
Current share price for ENT : $0.003 -0.001 (-25%)+
Announcement
Release
13 Mar 2026 10:08AM
Price at Release
$0.004
Full Release
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Summary
Enterprise Metals Limited announced the results of its maiden drilling program at the Cuddingwarra North prospect in Western Australia. The program, which aimed to evaluate clay-hosted rare earth element (REE) mineralization within the Emily Well felsic volcanoclastic unit, involved 14 drill holes over two lines approximately 2 km apart. Significant high-grade intersections were reported, with 13 out of 14 drill holes intersecting total rare earth oxide (TREO) grades exceeding 300 ppm. Notably, hole CWAC004 yielded an intersection of 25 meters at 1,099 ppm TREO with considerable proportions of heavy rare earth oxides (HREO) and magnet rare earth oxides (MREO). The results confirm the presence of clay-hosted REE mineralization, similar to other globally recognized deposits, indicating substantial enrichment of heavy rare earth elements critical for advanced technologies. The company plans further infill drilling to assess the potential of this discovery.
Key Points
  • Enterprise Metals Limited reported high-grade REE drill results at Cuddingwarra North, WA.
  • The drilling program consisted of 14 holes over 906 meters, with significant REE intersections.
  • Drill hole CWAC004 had an intersection of 25 meters at 1,099 ppm TREO.
  • The results indicate significant clay-hosted REE mineralization with high HREO and MREO ratios.
  • The company plans further drilling to determine the extent of mineralization.
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.