Encounter Resources Reports Aileron Inferred Niobium Resource
THE DRILL SERGEANT: Encounter Resources (ASX: ENR) reported an initial Inferred Niobium Mineral Resource Estimate (MRE) at the company’s Aileron project in the West Arunta region of Western Australia.
Encounter Resources declared the independent JORC 2012 compliant Inferred Niobium Mineral Resource defined at Aileron of 19.2 million tonnes at 1.74 per cent niobium was estimated from 2024 exploration drilling.
The company has commenced RC drilling with the aim of extending and improving the current definition of high-grade mineralisation.
Encounter believes potential exists for near-term MRE growth from ongoing infill RC and extensional aircore drilling across its tenements.
“Our 2024 wide-spaced exploration drilling has outlined what may become one of the world’s most significant undeveloped niobium resources,” Encounter Resources executive chairman Will Robinson said in the company’s ASX announcement.
“This early success highlights the exceptional geological potential of the Aileron project and the broader West Arunta region.
“This is only the beginning.
“The strike-extensive carbonatite systems of the West Arunta represent an unusually mineralised suite of intrusions, and Encounter is committed to unlocking their full potential through a focused and systematic exploration program.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE