12 stories mentioning ASX:ENRUpdated 4d ago
Every FINWIRES story that references ASX:ENR, newest first.
Encounter Resources (ASX:ENR) held cash of about AU$26.9 million at June 30, according to a Wednesday Australian bourse filing.The company said the combined inferred mineral resource estimate (MRE) increased by 54% over the quarter for its Aileron project in Western Australia, while a priority copper-gold zone was identified at the Lamil Copper-Gold Project.
Encounter Resources' (ASX:ENR) latest drilling results at the Elsa prospect within the Lamil project in Western Australia indicate mineralization may strengthen at depth, highlighting the potential for a larger sulphide-rich copper-gold system and supporting further drilling, Euroz Hartleys said in a Monday note.The latest copper results at Elsa include 18 meters at 0.45% copper from 96 meters, and gold results include six meters at 1.74 grams per tonne grade of gold from 94 meters."While grades are somewhat modest, they remain highly encouraging, providing an exploration focus for follow-up activities," the equity research firm said.It added that Encounter Resources also reported geological similarities to the breccia-hosted Havieron deposit, suggesting the potential for a sizeable mineralized system.Euroz Hartleys maintained a speculative buy rating on Encounter Resources with a price target of AU$0.85 per share.The company's shares advanced 11% in recent Monday trade.
(Updates the stock movement in the headline and last paragraph.)Encounter Resources (ASX:ENR) said reverse circulation drilling at the Elsa prospect, part of its Lamil copper-gold project in Western Australia, defined a new target, according to a Monday Australian bourse filing.Drilling intersected shallow copper-gold mineralization in adjacent holes at the prospect, including intercepts of 18 meters at 0.45% copper from 96 meters as well as six meters at 1.74 grams per tonne grade of gold from 94 meters.Reverse circulation and diamond drilling are planned to test the gold-copper target at Elsa after the completion of the Parbo copper drilling.Its shares rose 11% in recent trading on Monday.
Encounter Resources (ASX:ENR) said reverse circulation drilling at the Elsa prospect, part of its Lamil copper-gold project in Western Australia, defined a new target, according to a Monday Australian bourse filing.Drilling intersected shallow copper-gold mineralization in adjacent holes at the prospect, including intercepts of 18 meters at 0.45% copper from 96 meters as well as six meters at 1.74 grams per tonne grade of gold from 94 meters.Reverse circulation and diamond drilling are planned to test the gold-copper target at Elsa after the completion of the Parbo copper drilling.Its shares rose 6% in recent trading on Monday.
Encounter Resources (ASX:ENR) said it started reverse-circulation and diamond drilling at the Yeneena copper project in Western Australia with the deployment of two rigs, according to a Tuesday filing with the Australian bourse.The company is prioritizing four targets within the eight-kilometer Parbo copper system for drill testing this year, with initial assay results expected in August.
Encounter Resources (ASX:ENR) mobilized two drill rigs at the Aileron project in Western Australia as part of this year's exploration and pre-development program, according to a Tuesday filing with the Australian bourse.The air-core rigs will undertake 30,000 meters of infill drilling at the Green prospect for a mineral resource upgrade for starter pit areas and 40,000 meters of regional exploration drilling to target further discoveries, the filing said.A third rig will be mobilized to site to support pre-development activities in the coming months, per the filing.Shares rose nearly 4% in midday trade Tuesday.
Encounter Resources (ASX:ENR) entered a memorandum of understanding (MOU) with UK-based Echion Technologies and Western Australia-based Switch Technologies (WA) to collaborate on integrated lithium-niobium battery development, according to a Wednesday filing with the Australian bourse.The MOU will expand to include additional niobium anode battery users, such as logistics companies, mining fleet owners, original equipment manufacturers, data center developers, and niobium suppliers, the filing said.Encounter Resources shares rose 2% in afternoon trade on Wednesday.
Encounter Resources (ASX:ENR) delivered "strong metallurgical test work results" from its Aileron project and has made a "promising start to exploration" at its Elsa prospect, both located in Western Australia, Euroz Hartleys said in a May 22 note.Initial metallurgical test work from the Green deposit in Aileron achieved niobium recoveries of 51% to 53% from head-grade feeds, while generating concentrate grades of up to 57% niobium pentoxide following refining, the investment firm said.The results show that "standard beneficiation and refining methods can be effectively applied, and importantly, the flowsheet is comparable to those used in existing niobium operations, reducing future development risks," Euroz Hartleys said.Meanwhile, first assays from ongoing reverse circulation drilling at the Elsa prospect intersected a new copper zone with 16 meters at 0.3% copper from 58 meters. Although the grades are modest, the result is still "highly encouraging at this early stage" and supports the presence of a broader system, the equity research firm said.Euroz Hartleys maintained a speculative buy rating on Encounter Resources with a price target of AU$0.85 per share.The company's shares gained 2% in recent Monday trade.
Encounter Resources (ASX:ENR) said first assays from a reverse circulation drilling program at the Lamil copper-gold project in Western Australia identified a new copper zone east of the Elsa prospect, according to a Tuesday Australian bourse filing.The first drill hole of the program intersected 16 meters at 0.3% grade of copper from 58 meters.The drilling program was expanded from 6,000 meters to 9,000 meters. Diamond drilling at Elsa will follow the completion of the reverse circulation drilling program.
Encounter Resources (ASX:ENR) said metallurgical test work for the Green deposit within its Aileron Project in Western Australia has returned recoveries of 51% to 53% on representative head grades of 2.2% to 2.8% niobium pentoxide, according to a Monday Australian bourse filing.The company said the test work achieved up to 57% niobium pentoxide concentrate grade post refining, an industry-standard result, with the flowsheet and results comparable to existing niobium operations, the filing added.Next steps include test work to produce ferroniobium and niobium oxide, as well as optimization work targeting enhanced recoveries and concentrate grade, it added.The company's shares fell 7% in recent Monday trade.
Encounter Resources' (ASX:ENR) updated mineral resource estimate for its Aileron project in Western Australia confirms the project as a "globally significant" undeveloped niobium deposit, said Euroz Hartleys in a Wednesday note.The company on Wednesday said its combined, inferred mineral resource estimate at Aileron grew 54% to 120 million tonnes at 0.8% grade of niobium pentoxide.The research firm said the company continues to screen attractively on a resource basis compared with its peers, with meaningful scale now established at both bulk tonnage and high-grade subsets.Euroz Hartleys maintained its speculative buy rating on Encounter Resources and lowered its price target to AU$0.85 from AU$0.95.The company's shares rose almost 2% in recent Thursday trade.
Encounter Resources (ASX:ENR) said its combined, inferred mineral resource estimate at the Aileron project in Western Australia grew 54% to 120 million tonnes at 0.8% grade of niobium pentoxide, according to a Wednesday filing with the Australian bourse.The company said ongoing field operations at Aileron are targeting an upgraded resource classification of potential high-grade starter pit locations, as well as a further expansion of the niobium-rare earth element resource base.Encounter Resources highlighted "substantial upside" to the mineral resource estimate, with a pipeline of roughly 15 regional prospects to be drill tested this year.The company's shares gained more than 11% in recent Wednesday trade.
