Encounter Resources Limited (ASX:ENR) Reports High-Grade Niobium Results
High-Grade Niobium Discoveries
Encounter Resources Limited (ASX:ENR) has reported significant results from its recent reverse circulation (RC) drilling program at the Green niobium carbonatite complex. The assay results define two extensive zones of high-grade niobium mineralisation, indicating the potential for large-scale mining development.
New data from Green Central include an impressive continuous body measuring over 800m of strike, featuring multiple high-grade intervals. Notable intersections comprise:
– 30m at 2.0% Nb2O5 from 49m depth (hole EAL911),
– 41m at 1.8% Nb2O5 from 65m (EAL916),
– 22m at 2.0% Nb2O5 from 110m (EAL917), and
– 17m at 2.0% Nb2O5 from 87m (EAL928).
Green South-West also yielded significant results with high-grade intervals of 22m at 3.3% Nb2O5 from 40m (EAL901) and 24m at 2.0% Nb2O5 from 81m (EAL942). The mineralisation at both zones remains open, suggesting further resource expansion potential.
Executive Comments and Future Plans
Will Robinson, Executive Chairman of Encounter Resources, commented, “We commenced reconnaissance aircore drilling at Green in June 2024 and today’s RC assay results demonstrate that we have abundant high-grade mineralisation. We plan to accelerate the resource definition drilling at the start of 2025 and commence mining studies at Green, Crean, and Emily. There is high potential that further drilling will continue to expand the zones of high-grade mineralisation at Green.”
The company is preparing for an active 2025 field season, with plans for infill RC drilling and further resource definition to support a maiden resource for the Aileron Project. Environmental surveys and metallurgical assessments are also on the agenda, alongside the initiation of high-priority exploration targets through aircore drilling.
Motley Fool contributor Kiarra Jackson 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.
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