Encounter Resources Limited (ASX:ENR) Confirms High-Grade Niobium Discovery
High-Grade Niobium Confirmation
Encounter Resources Limited (ASX:ENR) has confirmed extensive, high-grade niobium mineralisation from its first batch of reverse circulation (RC) drill results at the Green prospect. These results, derived from four drill holes, indicate continuity of mineralisation linking Green to WA1’s Luni discovery.
Significant intercepts from the drilling include 116m at 1.7% Nb₂O₅ from 52m depth in hole EAL894, which features notable segments of 28m at 3.3% Nb₂O₅ and 32m at 2.1% Nb₂O₅. Another drill hole, EAL899, returned 81m at 1.5% Nb₂O₅, including 43m at 2.4% Nb₂O₅ from 43m depth. The intercept from EAL894 represents the highest ‘grade x thickness’ ratio recorded in the West Arunta province to date.
Diamond Drilling and Future Work
The initial drilling campaign has established an extensive zone of thick, high-grade niobium mineralisation. Following this success, a diamond drill hole has been completed for metallurgical testing. Encounter Resources will provide further assay updates from the remaining 30 RC holes drilled across approximately 2km of strike at the western part of Green.
Executive Chairman Will Robinson stated, “Green is a large mineralised carbonatite (+3 km long) containing multiple zones of shallow, high-grade niobium mineralisation. The first RC holes demonstrate some of the best, depth-extensive niobium mineralisation in West Arunta. We look forward to providing further assay results in the months ahead.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.