Encounter Resources hits more high-grade niobium at Green as diamond drilling starts at Emily, with grades topping the current resource average and holes ending in mineralisation.
ENERGIZER HOLDINGS, INC. currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Encounter Resources (ASX: ENR) has returned another batch of high-grade niobium intersections from the Green deposit at its Aileron project in Western Australia, with several holes ending in mineralisation and a diamond rig now turning at the neighbouring Emily deposit.
The latest assay results from Green include grades well above the average mineral resource estimate grade, the company said on Wednesday. Several holes ended in mineralisation, suggesting the deposit remains open at depth.
At Emily, Encounter has started diamond drilling to test how far the shallow mineralisation extends below the aircore holes that defined the current resource. The Emily deposit carries an inferred resource of 3.5 million tonnes at 1.9% niobium pentoxide (Nb₂O₅) within a broader 14 million tonne body grading 0.93% Nb₂O₅.
“High-grade niobium intersections at Green and Emily continue to build, with Green delivering some of our highest grades to date within potential starter-pit areas,” executive chairman Will Robinson said. “At Emily, drilling continues to expand the footprint of near-surface, high-grade mineralisation ahead of the next resource estimate update, and these results support the potential to bring Emily forward in the development schedule.”
The company is running three rigs across the project and expects a steady flow of results through 2026 and into 2027, Robinson said.
Both deposits sit in the West Arunta region, which has drawn growing interest from explorers targeting critical minerals. Niobium is used in steel alloys and superconductors and is listed as a critical mineral by several governments including Australia’s.
ENR shares rose 17.8% to 26.5¢ on the news, giving the company a market cap of about A$126 million.
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