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Can Encounter Resources’ West Arunta Project Become Australia’s Next Major Niobium Discovery? — ASX:ENR| ASX Mining News & Discussion
L
Lykeshares
1y
Official
$ENR
Can Encounter Resources’ West Arunta Project Become Australia’s Next Major Niobium Discovery?
Encounter Resources Ltd has announced the extension of high-grade niobium mineralization across its key targets within the Aileron project in the West Arunta region of Western Australia. The company’s recent aircore drilling program has confirmed significant near-surface niobium oxide (Nb₂O₅) intercepts, further validating the potential of this emerging carbonatite mineral province.
At the Green target, aircore drilling has delineated a substantial footprint of +2% Nb₂O₅ intercepts with multiple holes ending in mineralization. Key results include:
10m @ 4.2% Nb₂O₅ from 57m within 38m @ 1.5% Nb₂O₅ from 51m (EAL489)
10m @ 4.3% Nb₂O₅ from 51m within 16m @ 3.0% Nb₂O₅ from 47m to the end of hole (EOH) (EAL500)
18m @ 2.7% Nb₂O₅ from 44m within 72m @ 1.0% Nb₂O₅ from 40m (EAL515)
10m @ 3.5% Nb₂O₅ from 47m within 47m @ 1.0% Nb₂O₅ from 43m to EOH (EAL534)
These
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results highlight the extensive nature of the Green target’s mineralized zone, which features frequent high-grade niobium intercepts and suggests potential for further discoveries through ongoing exploration efforts.
Crean Target: A Coherent High-Grade Niobium Body
The Crean target has emerged as a coherent body of high-grade niobium mineralization extending over 1.2 kilometers in strike length. This mineralization runs parallel to the Elephant Island Fault, a significant regional structure believed to control the emplacement of mineralized carbonatites in the West Arunta.
Recent assays from Crean include:
10m @ 4.9% Nb₂O₅ from 98m within 49m @ 1.7% Nb₂O₅ from 86m to EOH (EAL439)
24m @ 2.1% Nb₂O₅ from 81m within 43m @ 1.6% Nb₂O₅ from 79m to EOH (EAL449)
4m @ 5.1% Nb₂O₅ from 54m within 18m @ 1.8% Nb₂O₅ from 48m (EAL457)
These high-grade intercepts demonstrate the substantial potential of the Crean target, prompting the commencement of reverse circulation (RC) drilling to define the width, depth, and grade parameters of this significant niobium discovery.
Joyce Target: New Carbonatite Complex Identified
The first line of aircore drilling at the Joyce target, located 5 kilometers east of Green, has confirmed the presence of another mineralized carbonatite complex. This new discovery is anomalous in niobium and rare earth elements based on preliminary handheld pXRF field analysis. The Joyce carbonatite complex will undergo systematic exploration with further aircore drilling planned for October 2024.
Next Steps: Focused Drilling to Define High-Grade Zones
Encounter Resources is ramping up its exploration efforts, with RC drilling now underway at the Crean and Green targets to define the parameters of these high-grade zones. This targeted drilling will focus on delineating coherent, mineable high-grade areas within these mineralized carbonatite complexes.
Additionally, assay results from diamond drilling at Hurley and aircore drilling at the Emily target are expected in October 2024. These results will further inform Encounter’s exploration strategy as the company continues to validate its targeting model, which emphasizes major regional faults capable of hosting mineralized carbonatites over considerable strike lengths.
Strategic Vision: Advancing a New Niobium Province
Executive Chairman Will Robinson emphasized the significance of these latest results, noting that the Aileron project is demonstrating exceptional potential as a new niobium and REE mineral province. “Encounter’s Aileron project hosts multiple bodies of high-grade, near-surface niobium oxide mineralization. Our immediate priority is to find and delineate high-grade zones, with mineable dimensions, along these mineralized corridors,” Robinson stated.
The company’s continued success in identifying high-grade niobium zones underscores the abundant fertility of the West Arunta carbonatite province, positioning Encounter Resources as a key player in the rapidly growing critical minerals sector.
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L
Lykeshares
131d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
131d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
162d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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