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The latest update is out from Encounter Resources Limited ( (AU:ENR) ).
Encounter Resources Limited has announced a significant 1.5km extension of the Green Carbonatite Complex, with drilling revealing thick, high-grade niobium and rare earth intersections. This development reinforces the growth potential of the 12.1Mt deposit and positions the company for continuous updates as drilling progresses. The extension and high-grade results are expected to bolster the company’s resource estimates and support future development studies, enhancing its industry positioning and potential value for stakeholders.
More about Encounter Resources Limited
Encounter Resources Limited is a company engaged in the exploration and development of mineral resources, focusing on niobium and rare earth elements. The company is actively involved in expanding its resource base and enhancing its mineral deposits, particularly at the Green Niobium-REE deposit.
YTD Price Performance: 9.23%
Average Trading Volume: 446,052
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$177.1M
For detailed information about ENR stock, go to TipRanks’ Stock Analysis page.