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Encounter Resources Limited (ASX:ENR)

ALERT: Price-sensitive ASX Announcement for ENR
Current share price for ENR : $0.225 -0.255 (-53.13%)+
Announcement
Release
23 Oct 2025 8:16AM
Price at Release
$0.480
Full Release
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Summary
Encounter Resources Limited's Quarterly Activities Report for the period ending 30 September 2025 highlights significant advancements in its projects, notably the Aileron Niobium-REE-Copper Project in West Arunta, WA. The company reported successful infill drilling at the Green deposit, confirming high-grade mineralisation and significant extensions. Additionally, a comprehensive airborne electromagnetic survey was completed, enhancing targeting capabilities for future exploration. The report also included an initial mineral resource estimate at the Tyrell Copper Oxide Resource. Financially, the company concluded the quarter with approximately $14.8 million in net cash.
Key Points
  • Encounter Resources Limited published its Quarterly Activities Report for the period ending 30 September 2025.
  • Significant progress reported in the Aileron Niobium-REE-Copper Project located in West Arunta, Western Australia.
  • Infill and extensional drilling at Green expanded the high-grade mineralisation footprint.
  • Key drilling results include high-grade intersections such as 85m at 3.1% Nb2O5 from 48m at the Green deposit.
  • Confirmation of ~1.5km eastern extension of the carbonatite complex at Green.
  • Completion of a 3,953 line-km helicopter-borne AEM survey targeting regional carbonatite and copper systems.
  • Initial Inferred Mineral Resource Estimate announced at Tyrell Copper Oxide Resource in the Yeneena Project.
  • Net cash at the end of the reporting period stood at approximately $14.8 million.
  • Company actively involved in multiple exploration projects across Australia's mineral-rich provinces.
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.