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The latest announcement is out from Enterprise Metals Limited ( (AU:ENT) ).
Enterprise Metals reported significant progress at its Murchison Project in Western Australia during the March 2026 quarter, highlighted by maiden drilling on tenement E20/944 that intersected high-grade clay-hosted rare earth mineralisation near Victory Metals’ North Stanmore resource. The drilling returned notable total rare earth oxide grades with a strong proportion of critical magnet elements used in electric vehicle motors and advanced technologies, prompting plans for further drilling across its extensive Emily Well volcanoclastic holdings.
The company also advanced base metal exploration on tenements E20/912 and E20/913, commissioning moving loop electromagnetic surveys over historical copper-zinc prospects and airborne anomalies. These surveys identified a strong late-time conductive anomaly consistent with potential massive sulphides near surface, which has been modelled as sub-vertical conductors and flagged for review as priority drill targets, underscoring Enterprise’s dual focus on rare earths and base metals within the Murchison region.
More about Enterprise Metals Limited
Enterprise Metals Limited is an Australian exploration company focused on identifying and securing first-class opportunities in gold, base metals and heavy minerals. Listed on the ASX, the company’s current exploration emphasis includes rare earth elements and base metals within its Murchison Project in Western Australia, leveraging historical work and modern geophysics to define new mineral prospects.
Current Market Cap: A$8.34M
Find detailed analytics on ENT stock on TipRanks’ Stock Analysis page.