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ENR - Encounter Resources

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Good evening
Might well be to watch tomorrow, reckon...
See attached announcement re: South32 Farm-in Tenure Expanded - Jessica Copper Project

Not holding.
Kindly conduct your own due diligence.

Have a very nice week

Kind regards
rcw1



 

Attachments

  • South32-Farm-in-Tenure-Expanded---Jessica-Copper-Project.PDF
    1.1 MB · Views: 27
ASX Announcement
28 June 2023

Mineralised carbonatites intersected over 3.5km - West Arunta

 Three diamond drill holes (EAL001, EAL007 & EAL008) that intersected the Elephant Island Fault at the Crean and Hoschke (formerly Worsley) targets have all intersected niobium-REE
mineralised carbonatites

 The three holes cover a strike extent of 3.5km. The mineralised carbonatite remains open to the east and west and is increasing in width to the east

 The first diamond hole (EAL001) was completed at Hoschke and intersected a niobium-REE mineralised carbonatite which returned an assay result from a 24.8m interval of:
- 16m at 0.6% N2O5 & 0.2% TREO (including 402ppm Nd+Pr) from 350m (EAL001)

 Two further RC pre-collars and diamond holes (EAL007 & EAL008) were completed at Crean,stepping out a further 2.0km and 3.5km to the east of EAL001

 Both holes contained zones of near surface oxidised and fresh carbonatite that is variably anomalous in niobium and REE via handheld pXRF field analysis 1
- Samples from the pre-collars EAL007 (to 67m depth) and EAL008 (to 89m depth) have been prioritised for analysis with assay results expected in July-August 2023

 Activity is set to escalate in the West Arunta with targets prioritised along the Elephant Island Fault and an expanded RC drilling program to commence in August 2023

 
Good morning
2.6 million cash burn... generating some heat ... gunna run outta cash soon....
Copper, REE and particularly Niobium a good sell though.

Things to happen in the meantime with current cash holdings, perhaps:

Preliminary metallurgical assessment of mineralised carbonatites Oct 23 – Feb 24
Assays from Green and Emily Dec 23 – Jan 24
Assays from Hurley and Crean Dec 23 – Feb 24
Evaluation of soil geochemical sampling techniques and results Nov 23 – Jan 24
Preparations for diamond drilling at eastern targets Jan – Feb 24
Follow up diamond/RC/aircore drilling Mar – Nov 2

### Do note that SLR has a 5.19% stake in ENR; and Managing Director, William Robinson has a 6.9% stake ....



Not holding.
Have a very nice day, today.

Hot and humid as... in rcw1 country... storms not far away. Watching the grass grow... ha ha ha

Kind regards
rcw1
 
Good evening
Yes they did run out of coin....
20.37% gain at close on Friday (12/04/24)

A$10.5 million placement at A$0.22 per share to accelerate and expand upcoming drill program at Aileron Project in the West Arunta region of Western Australia.

Nice ...

Announcement 10/04/24 - see attached
Copper in first assays from the Jessica Project (NT)  Assays from the two drill holes completed at the Zeta target (“Zeta”), drilled 1.3km apart, at the Jessica Copper Project (“Jessica”) in the Northern Territory confirm the presence of copper sulphide bearing veins and alteration signatures associated with iron oxide copper gold (IOCG) style mineralisation.

Zeta is a coincident gravity and magnetic anomaly associated with a discrete seismic reflector. Initial drilling has intersected a number of IOCG indicators including: - Chalcopyrite and bornite in thin quartz-carbonate veins - Intense and pervasive red rock hematite alteration  These scout drill holes have identified IOCG signatures in a previously unexplored region. 

A deep seeking MIMDAS* geophysical survey is being evaluated for completion in JuneJuly 2024 to identify potential mineralised zones at Zeta. 

Assay results from six further diamond drill holes (~5,700m) completed at the Jessica and Carrara projects are expected in the June 2024 quarter.

Jessica and Carrara are being explored under farm-in agreements with a subsidiary of South32 Limited (“South32”).





Kindly conduct your own due diligence. rcw1 watching closely
 

Attachments

  • Copper-in-First-Assays-from-the-Jessica-Project-(NT).PDF
    5 MB · Views: 33
Good afternoon

So big Timmy sniffing around... precursor to a bid??? Hmmmm
Chalice sitting at 6.07% now according to stock market disclosures, kindly find attached.

CHN has bought in with two moves ... starting with a $1.5 million allocation in Encounter’s April 5 share placement, and then spent another $6.2 million on 23/04/24.

Not holding

Kind regards
rcw1
 

Attachments

  • ENR Becoming-a-substantial-holder-from-CHN.PDF
    368.1 KB · Views: 32
and a pop, with MC close to $280M

.
High-grade niobium intercepts at Crean carbonatite – West Arunta
Aircore drilling is rapidly progressing at the 100% owned Aileron project in the West Arunta region of WA, targeting high-grade, near surface niobium-REE mineralisation
 Continuous near-surface carbonatite has been intersected across four initial aircore drill lines at Crean. First assays received from the most western drill line have returned shallow, high-grade niobium-REE mineralisation in three adjacent drillholes:
- 52m @ 3.0% Nb2O5 from 81m to EOH including 16m @ 6.0% Nb2O5 (EAL256)
- 32m @ 2.5% Nb2O5 from 67m to EOH including 12m @ 3.3% Nb2O5 (EAL155)
- 15m @ 1.5% Nb2O5 from 120m to EOH including 2m @ 3.3% Nb2O5 (EAL257)

The shallow mineralised trend identified at Crean is now over 800m long, appears to be strengthening to the west and remains open
 The second batch of aircore samples, which includes further samples from Crean and priority samples from Emily and Hurley, is at the lab with assay results expected in July 2024.


Commenting on the first aircore drill results from Crean, Managing Director Will Robinson said:
“Aircore drilling is opening up new fronts of shallow niobium-REE carbonatite hosted mineralisation at Aileron. The aircore rig completed over 10,000m of drilling in its first month on site. This drilling has expanded the near surface footprint of the Crean, Hurley and Emily carbonatites.
The aircore rig has now moved to the untested Green and Joyce targets located east of WA1 Resources’ Luni carbonatite discovery. Drilling will start with broad spaced aircore traverses and then move to closer spaced drilling based on initial observations.
Aircore drilling is proving to be a fast, low impact and cost-effective method to discover near surface niobium-REE mineralisation in this part of the West Arunta.”
 
Good afternoon
Some SP movement today (28/10/24)
Green candle today (28/10/24) trying real hard to stick its nose through the Weighted Moving Average line... ENR is trading in proximity to its upper Bollinger Band. This suggests stock price is high relative to its recent price action. Hmmm wonder where it will go now ...


Daily chart



Not a real flash 6month daily chart:



Not holding
Have traded

Kind regards
rcw1
 
Well, @rcw1 your magic spell worked. Opened at 34, then 35 when you posted and then you made it go up to close at 39 to give you the answer.
 
Chart and ..

If they have 19.2m tonnes of Niobium Oxide (Nb2O5) @ 1.74%, isn't that over 300,000 tonnes Nb2O5 and worth billions in ground? It's only a dilutely drilled maiden inferred MRE but it looks like they've got some infill and extensional drilling going on now? $20m in the bank as at end March Qtr. From crude map looks like their findings are next door to big splash WA1 resource?
Got two joint ventures elsewhere with S32 and IGO.

Not Held

WEEKLY
 
Entered in June comp.
Viewers can observe that the price continued to improve over the last week making three consecutive weeks of positive and heightened volume. Price is gathering under 25c and a supposed base might be close to a denouement*
Niobium story has an attractive vibe?

Not Held

*denouement
the final part of a play, film, or narrative in which the strands of the plot are drawn together and matters are explained or resolved.
"the film's denouement was unsatisfying and ambiguous"
Similar:
finale
final scene
final act
last act
epilogue
coda
end
ending
finish
close
culmination
climax
conclusion
resolution
solution
clarification
unravelling
wind-up
the outcome of a situation, when something is decided or made clear.

WEEKLY
 
Can you believe it? Joe Blow is extending the June comp result by one day at least and today ENR is making its break!
(audited and cleared for misinformation)

 
finicky said:
Can you believe it? Joe Blow is extending the June comp result by one day at least and today ENR is making its break!
(audited and cleared for mismation)
Click to expand...
wishful thinking, Mr F.
 
Trending.
Taking apologies now from those who would confine the strategic finicky boutique to crummy one month competitions.



DAILY


Not Held
 
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