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- Exceptional grades at Green, well above resource grade
- Infill drilling continues to demonstrate thick, high-grade niobium mineralisation
- Potential starter pit areas identified
- Diamond drilling underway at Emily
Encounter Resources (ASX: ENR) continues to hit high-grade niobium intersections at the Emily deposit in WA as it accelerates exploration within the Aileron project.
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Further assay results from drilling at the Green deposit continue to return high-grade niobium intersections well above the average mineral resource estimate grade.
Notably drilling has ended in mineralisation identifying depth potential at the deposit.
Meanwhile, the company has kicked off diamond drilling at Emily to test how far mineralisation extends below the shallow aircore drilling.
Both Emily and Green are located within the West Arunta region which is attracting continuing interest for its critical minerals potential.
“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 diamond drilling is now underway at Emily will test depth extent below aircore holes that have consistently ended in mineralisation.
“With three rigs operating and a substantial drilling program ahead of us, we expect a strong pipeline of results through 2026 and into 2027 as we advance Aileron towards development.”
The Emily deposit currently has an Inferred mineral resource estimate (MRE) of 3.5 million tonnes (Mt) at 1.9% niobium pentoxide (Nb2O5) within 14 Mt at 0.93% Nb2O5.
ENR is is up 17.8% to 26.5¢ with a Mkt cap of $125.9M.
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