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Encounter Resources Limited ( (AU:ENR) ) just unveiled an announcement.
Encounter Resources Limited has announced significant findings from their aircore drilling at the Green deposit, revealing high-grade niobium mineralization extending over 1km east of the initial Mineral Resource Estimate (MRE) footprint. Additionally, shallow, high-grade REE mineralization has been identified along the southern margin of the system. These results underscore the potential of the Green carbonatite-hosted deposit as a major niobium-REE system in the West Arunta province. The company is conducting infill drilling to support a future MRE update, which could enhance their industry positioning and offer substantial implications for stakeholders.
More about Encounter Resources Limited
Encounter Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Their primary products include niobium and rare earth elements (REE), with a market focus on expanding their mineral resource estimates and enhancing the scale and grade of their deposits.
YTD Price Performance: 58.46%
Average Trading Volume: 686,293
Technical Sentiment Signal: Buy
Current Market Cap: A$257.7M
Learn more about ENR stock on TipRanks’ Stock Analysis page.