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The latest announcement is out from Encounter Resources Limited ( (AU:ENR) ).
Encounter Resources Limited has announced the commencement of extensive geophysical and drilling programs at the Jessica Copper Project in the Northern Territory, under a farm-in agreement with South32. The project includes a MIMDAS geophysical survey and a 2,640 line km AEM survey, co-funded through a local program, with diamond drilling scheduled for October 2025. The exploration aims to identify potential IOCG-style mineral systems, following promising results from previous drilling. The project covers a significant area along key structural corridors and is considered prospective for sediment-hosted copper and IOCG deposits.
More about Encounter Resources Limited
Encounter Resources Limited is a company operating in the mining industry, focusing on exploration activities. Its primary products are related to mineral exploration, particularly copper and Iron Oxide Copper-Gold (IOCG) style deposits. The company is engaged in a farm-in agreement with South32 Limited to advance the Jessica Copper Project in the Northern Territory.
YTD Price Performance: -12.31%
Average Trading Volume: 512,831
Technical Sentiment Signal: Buy
Current Market Cap: A$142.2M
Learn more about ENR stock on TipRanks’ Stock Analysis page.