Encounter Resources Limited (AU:ENR) has released an update.
Encounter Resources Limited has reported promising results from its 2023 exploration activities, confirming high-grade niobium-REE mineralization at its Aileron project in West Arunta, WA, and planning an extensive drilling program for early May 2024. In collaboration with leading miners through farm-in agreements, the company is advancing major copper exploration at its Jessica and Carrara projects in NT, and Yeneena project in WA. Encounter has strengthened its financial position with a successful A$10.5 million placement, ensuring adequate funding for its upcoming drilling endeavors.
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