Encounter Resources Intersects Niobium Mineralization at Western Australia Prospect; Shares Up 6%
MT Newswires Live
13 hours ago
Encounter Resources (ASX:ENR) intersected end-of-hole niobium mineralization at the Joyce prospect, within the Aileron project in Western Australia, according to a Monday filing with the Australian bourse.
Air-core drilling returned four meters at 2.4% niobium pentoxide from 40 meters to the end of hole and six meters at 1.3% niobium pentoxide from 88 meters to the end of hole, the filing said.
Further results from the prospect are anticipated in October, per the filing.
Shares rose 6% in morning trade Monday.
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