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Encounter Resources Delivers Highest-Grade Niobium Intersection to Date at Western Australia Deposit

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Encounter Resources (ASX:ENR) delivered the highest-grade niobium intersection to date at the Green deposit, within the Aileron project in Western Australia, according to a Thursday filing with the Australian bourse.

Drilling returned 51 meters at 5% niobium pentoxide from a depth of 63 meters, which includes a high-grade zone of 13 meters at 10% niobium pentoxide, located outside the existing mineral resource estimate boundary for the deposit, the filing said.

Three rigs are currently on site, with a pipeline of results through the remainder of the year and into 2027, per the filing.

What else is happening in Asia?

Asia

Guangdong Skychem Technology Proposes Hong Kong Listing; Shares Up 4%

Guangdong Skychem Technology (SHA:688603) plans to list its H shares on the Hong Kong bourse to advance its globalization strategy and build an international capital operation platform.The proposal requires approvals from the board and shareholders as well as Chinese and Hong Kong regulators, according to a Wednesday filing with the Shanghai bourse.Shares of the electronic chemical manufacturer climbed 4% in recent trade.

Hang SengSHA:688603
Asia

Market Chatter: Anthropic to Open Office in Singapore in October

Artificial intelligence company Anthropic is set to open its office in Singapore in October, local media reports said on Wednesday, citing a company statement.This will be the company's fifth office in the Asia-Pacific region, with existing offices in Tokyo, Bengaluru, Seoul, and Sydney, the reports said.Anthropic has appointed Dale Finlay as general manager of ASEAN to lead regional commercial operations based out of Singapore.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^STI
Asia

Range Intelligent Computing Technology to Commit 1 Billion Yuan to AI Fund

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SHE:300442