Encounter Resources Limited · ASX:ENR
Encounter Resources — Euroz Hartleys Institutional Investor Conference 2025
30 slides from Encounter Resources's conference presentation, Mar 13, 2025
Slide 1: Euroz Hartleys Institutional Investor Conference
Euroz Hartleys Institutional Investor Conference 11-13 March 2025 Building shareholder value through the discovery of niobium and copper in Australia ASX:ENR Aircore drilling at Aileron – May 2024
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: Encounter at a glance
Encounter at a glance Creating value through project generation and discovery Board Cash (Dec 24) Enterprise value ~$23M ~$92M Mr Will Robinson Dr Jon Hronsky OAM Peter Bewick Mr Philip Crutchfield Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Capital struct
Slide 4: Aileron Project – West Arunta
Aileron Project – West Arunta Targeted for IOCG copper-gold – no previous exploration on the tenements 2019 Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 4
Slide 5: Aileron Project – West Arunta
Aileron Project – West Arunta Carbonatite complexes in the West Arunta are strike-extensive and host abundant high-grade niobium 2025 Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 5
Slide 6: Aileron Project – West Arunta
Aileron Project – West Arunta Carbonatites are commonly strike-extensive dyke systems including the world’s largest - Bayan Obo (China) The Bayan Obo REE-Nb-Fe Deposit (East, Main and West pits) have strong fault controls. The system extends ~15km east-west and is the world’s largest source of REE.
Slide 7: Niobium
Niobium Niobium leveraged to global growth and the energy transition Key Niobium Producers and Deposits1 • High value ‘commodity’ with stable pricing • Three operating mines with one dominant producer supplying over 80% of global niobium requirements (CBMM) • Processing via conventional flotation an
Slide 8: Carbonatite hosted niobium mineralisation
Carbonatite hosted niobium mineralisation Carbonatites weather preferentially and can host abundant high-grade niobium mineralisation Schematic Geological Profile Mine Grade Existing Mines (% Nb2O5) Encounter Prospects Cover Upper Saprolite Leached Zone Increasing depth Niobium Oxide Araxá 2.48% Gre
Slide 9: Aileron Project – West Arunta
Aileron Project – West Arunta Drilling in 2024 intersected shallow, high-grade niobium-REE mineralisation across multiple targets High grade niobium intercepts follow structural corridors defined in geophysics (Magnetics TMI 1vd) Refer to ASX announcements 8 July, 16 July, 16 September, 14 October,
Slide 10: Green is a carbonatite complex of significant scale
Green is a carbonatite complex of significant scale Boa Vista deposit outline shown at the same scale (owned by CMOC producing ~10% of world niobium supply) Refer to ASX announcement 21 November 2024, 22 January 2025 10
Slide 11: Aileron Project – Green Central
Aileron Project – Green Central Discovery of a large continuous body over +800m of strike Refer to ASX announcement 21 November 2024, 22 January 2025 11
Slide 12: Aileron Project – Emily
Aileron Project – Emily Enriched niobium oxide mineralisation on the north-west structural trend from Luni, open along strike Refer to ASX announcements 24 June, 8 July, 16 September 2024 12
Slide 13: Aileron Project – Crean
Aileron Project – Crean Coherent body of thick, high-grade niobium mineralisation over 1.2km in strike Refer to ASX announcements 24 June, 8 July, 16 September 2024 13
Slide 14: High-grade niobium at multiple prospects
High-grade niobium at multiple prospects >50,000m of drilling completed in 2024 (41,000m aircore, 6,500m RC & 2,700m diamond) Prospect Best Select Intersections Current Status Next Steps Green • 116m @ 1.7% Nb2O5 from 52m (EAL894) • Carbonatite complex of • RC drilling to delineate zones • 43m @ 2.4
Slide 15: Aileron Project – West Arunta
Aileron Project – West Arunta Exploration Upside - commanding land position and aircore drilling is fast and cost-effective Falcon gravity survey has highlighted key structures and high priority targets Refer to ASX announcement 8 December 2022 15
Slide 16: Aileron Project – West Arunta
Aileron Project – West Arunta Key structures are highlighted in multiple datasets - magnetics and gravity Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 16
Slide 17: Aileron Project – West Arunta
Aileron Project – West Arunta 2025 exploration to test niobium-REE carbonatite & copper-gold targets with rapid, low cost aircore/RC drilling Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 17
Slide 18: Major Copper Exploration Portfolio
Major Copper Exploration Portfolio Northern Territory A large portfolio of first mover copper opportunities in the Northern Territory highly prospective for sedimentary hosted copper deposits Jessica farm-in South32 (ENR carried to Scoping Study) • First two drill holes at Zeta, drilled 1.3km apart,
Slide 19: Copper-Gold Exploration Portfolio
Copper-Gold Exploration Portfolio Paterson Province, Western Australia Lamil Project (100% ENR) • 25km northwest of Telfer copper-gold mine • Mineralised copper-gold intersections including: • 10m @ 2.8g/t Au from 94m (Dune) • 132m @ 0.3g/t Au, 0.1% Cu from 87m (Dune) • 1.5m @ 19.1% Cu from 409.1m (
Slide 20: Near-Term Catalysts
Near-Term Catalysts Valuation upside – re-rate as the value of the West Arunta is demonstrated Commencing Drilling - ~40,000m aircore/RC/diamond drill program Initial Mineral Resource - high-grade, near-surface niobium Exploration Upside – West Arunta is a prodigious new mineral province with substa
Slide 21: Contact
Contact 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
Slide 22: Niobium Market
Niobium Market 22
Slide 23: Niobium
Niobium High-strength, low-alloy (HSLA) steel underpins demand with the battery market set to become a key growth driver 88% Ferroniobium Global Production: 115kt 12% Niobium OxideGlobal Production: 14kt Key input into high-strength low-alloy steels, increasing strength, Produced through additional
Slide 24: Niobium Uses
Niobium Uses Niobium is a key input into dematerialisation in the energy, construction and automotive sectors ▪ 2kg of Nb in 1.0t of steel improves its efficiency by over 15% - Niobium Benefits 150kg less steel for the same/better performance Mobility Lighter and tougher body ▪ Reduces CO2 emissions
Slide 25: Niobium Demand
Niobium Demand Increasing steel quality control and technology applications have driven niobium’s strong demand growth Quality controls and decarbonisation efforts in steel markets have led to an increasing need for niobium’s alloying benefits Steel Production Niobium Production which has ensured st
Slide 26: Niobium Supply & Pricing
Niobium Supply & Pricing Niobium producers are high margin, with stable pricing driving strong valuations Key Niobium Producers and Deposits Niobium Product Pricing 80% US$’000/t 2.50% Market Share 50 Deposit Grade Niobium oxide priced at US$40k-50k/t (Nb O %) 45 2 5 11% 8% 40 35 30 1.00% 25 20 0.40
Slide 27: Ferroniobium
Ferroniobium Niobium enhances steel’s qualities significantly, allowing customers to do more with less ▪ Ferroniobium (FeNb) is comprised primarily of Nb (~65%) and iron (~30%) with the balance made up of Si, Al, P, C and S1 ▪ Used as an alloy in the manufacture of high-strength low-alloy steel – mi
Slide 28: Niobium Oxide - Batteries
Niobium Oxide - Batteries Significant momentum building in commercial applications of niobium in batteries ▪ Niobium oxide (Nb2O5) is a chemical form of niobium which is successfully being trialled in new battery technologies. ▪ The inclusion of niobium has demonstrated faster charging, greater ener
Slide 29: Niobium Metal Alloys
Niobium Metal Alloys Niobium alloys are integral for a range of high-tech space, nuclear and military applications ▪ Niobium C1031 is a refractory alloy comprising 89% niobium, 10% hafnium and 1% titanium which shows significant outperformance of other materials in handling the extreme temperatures
Slide 30: References
References Slide Slide • Zhu. Z: Detail mineralogical study and geochronological framework of Bayan 6 Obo (China) Nb mineralization recorded by in situ U-Pb dating of columbite. 27 • Tantalum-Niobium International Study Center (2024) • 1: Mining Technology, CBMM opens niobium anode production facili
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