Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2023)
21 slides from Encounter Resources's shareholder meeting presentation, Nov 24, 2023
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 24 November 2023 Building shareholder value through the discovery of copper and critical minerals in Australia ASX:ENR Sandover diamond drilling – November 2023 1
Slide 2: Disclaimer and compliance statement
Disclaimer and compliance statement This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and
Slide 3: The Encounter business model
The Encounter business model Foundations of a leading Australian minerals exploration company For personal use only Targeting the Significant and Early mover into Collaborating with discovery of new, consistent in-ground new regions with high-quality world-class mineral exploration the application o
Slide 4: Critical mineral focus
Critical mineral focus Exploring for commodities highly leveraged to growth and the energy transition For personal use only Cu Nb REE Copper Niobium Rare Earth Elements The most important metal for the A micro alloy for lighter, stronger and Used across critical technology, global energy transition
Slide 5: Encounter at a glance
Encounter at a glance Creating value through project generation and discovery For personal use only Capital structure Board of Directors ASX ticker ENR Share price (23/11/2023) $0.37 Shares on issue 402M Options 17.5M Mr Paul Chapman Mr Will Robinson Dr Jon Hronsky OAM Mr Peter Bewick Mr Philip Crut
Slide 6: 2023 Highlights
2023 Highlights Early mover into new regions with significant in-ground exploration investment Aileron Niobium-REE-Copper – West Arunta – WA (100% ENR) For personal use only • 2,600m diamond & 10,000m RC drill programs completed • Multiple, large niobium-REE rich carbonatites discovered • Major diam
Slide 7: Aileron, West Arunta
For personal use only Aileron, West Arunta (ENR 100%) Carbonatite-hosted niobium/REE and IOCG copper Aileron field camp - September 2023 7
Slide 8: Aileron Project – West Arunta
Aileron Project – West Arunta Modern geophysics is revealing exceptional new targets • Commanding land position in the underexplored West Arunta region For personal use only • Several new niobium-REE discoveries in the region that hosts the Luni discovery of WA1 Resources Ltd (ASX:WA1) • Rapidly evo
Slide 9: Aileron Project – West Arunta: new mineralised carbonatites discovered
Aileron Project – West Arunta New mineralised carbonatites discovered in the first phase of drilling Emily For personal use only • 2km northwest of WA1’s Luni • Niobium-REE mineralised carbonatites from ~50m depth Green • Untested circular magnetic feature interpreted as a potential large intrusive
Slide 10: Aileron Project - Green and Emily targets
Aileron Project - Green and Emily targets Near surface niobium-REE mineralisation intersected in the first phase of RC drilling testing targets adjacent to Luni For personal use only Aileron drill plan over RTP magnetics showing new carbonatites intersected at Green and Emily. Also highlighted is a
Slide 11: Aileron Project – Crean target
Aileron Project – Crean target First drill program intersected high grade, near surface niobium-REE mineralisation • EAL007 - 282m @ 0.54% Nb2O5 & 0.17% TREO from For personal use only 64m to end of hole including: • 19m @ 1.0% Nb2O5 & 0.2% TREO from 65m • 48m @ 1.0% Nb2O5 & 0.2% TREO from 181.5m •
Slide 12: Aileron Project – Hurley target
Aileron Project – Hurley target Large scale, depth extensive carbonatite that remains open For personal use only • Coincident magnetic-gravity anomaly 3km east of the Crean carbonatite discovery • Drilling intersected predominantly fresh niobium-REE mineralisation over 1km in strike • Potential to r
Slide 13: Aileron Project – untested eastern targets
Aileron Project – untested eastern targets Falcon airborne gravity survey defines a suite of new, large-scale carbonatite and IOCG targets • Three significant gravity anomalies (up to ~6 mGal) identified in the eastern part of Aileron For personal use only • Potential alkaline/carbonatite intrusions
Slide 14: Aileron Project – what comes next…
Aileron Project – what comes next… Surface geochemistry survey (>1,800 samples) Aug – Sep 23 For personal use only 10,000 RC drill program Aug – Nov 23 Preliminary metallurgical assessment of mineralised carbonatites Oct 23 – Feb 24 Assays from Green and Emily Dec 23 – Jan 24 Assays from Hurley and
Slide 15: Farm-In Projects
For personal use only Farm-In Projects Large, funded exploration programs targeting Tier 1 discoveries with majors Diamond drilling at Jessica copper project August 2023 15
Slide 16: NT: a globally significant copper opportunity
NT: a globally significant copper opportunity Major exploration programs targeting Tier 1 discoveries in new untested areas • New Government data has transformed the exploration potential For personal use only of the Northern Territory • Vastly underexplored regions under shallow cover • Highly pros
Slide 17: Jessica Copper & Carrara Copper-Zinc Projects
Jessica Copper & Carrara Copper-Zinc Projects First diamond drilling in progress under the South32 farm-in agreements • NDI Carrara-1 established the presence of zinc, For personal use only lead and copper at Carrara • Near surface copper oxide (malachite) in rock chips from prior water bore drillin
Slide 18: Jessica Copper Project
Jessica Copper Project Copper sulphides intersected in the first drilling of the Zeta IOCG target • Coincident magnetic-gravity anomaly For personal use only • Discrete seismic reflector • Adjacent to a regionally significant deep feeder structure • First two drill holes at Zeta, drilled 1.3km apart
Slide 19: 100% ENR Projects
100% ENR Projects Aileron Niobium-REE-Copper Project – WA Large niobium-REE rich carbonatites discovered For personal use only Assay results from 10,000m RC drill program December 23 to February 24 Sandover Copper Project - NT Outcropping shale units that contain copper mapped for >20km Diamond dril
Slide 20: About Encounter
About Encounter For personal use only One of Australia’s leading mineral explorers advancing projects in emerging new provinces An exceptionally high discovery rate in a new critical minerals province in the West Arunta Large, externally funded exploration programs targeting Tier 1 copper discoverie
Slide 21: Contact
Contact For personal use only Telephone: +61 8 9486 9455 Website: www.enrl.com.au Email: contact@enrl.com.au Suite 2, 1 Alvan Street Subiaco WA 6008 ASX: ENR 21
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