Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2024)
25 slides from Encounter Resources's shareholder meeting presentation, Nov 29, 2024
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 29 November 2024 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: 2024 Highlights
2024 Highlights Major exploration campaign – discoveries of niobium-REE in the West Arunta and progress on copper in the NT • Multiple mineralised carbonatites discovered in the West For personal use only Arunta • Highly enriched, near surface niobium-REE mineralisation was intersected at the Crean,
Slide 4: A premier exploration portfolio
A premier exploration portfolio Early mover positions into world-class and emerging minerals belts attracting Tier 1 partners High impact 100%-owned For personal use only projects in WA and NT Commanding land position in the West Arunta mineral province Large scale copper projects being funded throu
Slide 5: Aileron, West Arunta
For personal use only Aileron, West Arunta (ENR 100%) Carbonatite-hosted niobium/REE and IOCG copper-gold Aileron field camp 5
Slide 6: Niobium leveraged to global growth and the energy transition
Niobium Niobium leveraged to global growth and the energy transition For personal use only Niobium is a micro alloy for Enhances next generation Diverse global customer Niobium is a high margin lighter, stronger and more batteries with super-fast base and classified as a business with only three cor
Slide 7: Niobium Demand - Batteries
Niobium Demand - Batteries Significant momentum building in commercial applications of niobium in batteries November 2024: CBMM opens niobium anode production facility in Brazil, producing 2,000 tonnes of Echion Technologies XNO active anode material1 For personal use only November 2024: GUS Tec
Slide 8: West Arunta – new niobium+ mineral province
West Arunta – new niobium+ mineral province Extraordinary early drill success rates in the West Arunta For personal use only • World-class Luni niobium discovery by WA1 Resources (200 Mt @ 1.0% Nb2O5)1 • Carbonatite complexes in the West Arunta are strike extensive and host abundant high-grade niobi
Slide 9: 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 use only Cover Upper Saprolite Leached Zone depth personal Niobium Oxide Araxá 2.
Slide 10: West Arunta – targeted for IOCG copper-gold
Aileron Project – West Arunta Targeted for IOCG copper-gold – zero previous exploration on the tenements For personal use only 2019 Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 10
Slide 11: West Arunta – first hole intersected anomalous copper, gold, niobium and REE
Aileron Project – West Arunta Encounter drilled the first hole (incomplete) which intersected anomalous copper, gold, niobium and REE For personal use only 2020 Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 11
Slide 12: West Arunta – WA1 Resources discovered Luni and P2 carbonatites
Aileron Project – West Arunta WA1 Resources discovered the Luni and P2 carbonatites adjacent to Encounter’s tenement boundaries For personal use only 2022 Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 12
Slide 13: West Arunta – high-grade niobium at Green, Crean and Emily
Aileron Project – West Arunta Encounter has discovered high-grade niobium mineralisation at the Green, Crean and Emily carbonatites For personal use only 2024 Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 13
Slide 14: West Arunta – strike extensive carbonatite complexes
Aileron Project – West Arunta Carbonatite complexes are strike extensive and host abundant high-grade niobium mineralisation Carbonatite Complex For personal use only 2024 Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 14
Slide 15: West Arunta – aircore drilling intersecting shallow high-grade niobium-REE
Aileron Project – West Arunta Aircore drilling intersecting shallow, high-grade niobium-REE mineralisation across multiple targets For personal use only High grade niobium intercepts follow structural corridors defined in geophysics (Magnetics TMI 1vd) Refer to ASX announcements 8 July, 16 July, 16
Slide 16: Green
Aileron Project – Green Large mineralised carbonatite containing multiple zones of shallow, high-grade niobium mineralisation For personal use only • Initial results demonstrate the continuity of the high-grade niobium system from WA1’s Luni discovery • EAL894 (197 metre % Nb2O5) is the highest ‘gra
Slide 17: Green
Aileron Project – Green First RC holes completed at the western side of Green demonstrate some of the best, depth extensive niobium mineralisation in the West Arunta For personal use only Refer to ASX announcement 21 November 2024 17
Slide 18: Emily
Aileron Project – Emily Enriched niobium oxide mineralisation on the north-west structural trend adjacent to Luni For personal use only • Best niobium intercept achieved to date in Oct 2024 • 23m @ 4.2% Nb2O5 from 40m to EOH • Further assays from aircore drilling expected in Dec 2024 Refer to ASX an
Slide 19: Crean
Aileron Project – Crean Coherent body of thick, high-grade niobium mineralisation over 1.2km in strike For personal use only Refer to ASX announcements 24 June, 8 July, 16 September 2024 19
Slide 20: High-grade niobium at multiple prospects
High-grade niobium at multiple prospects Prospect Best Select Intersections Current Status Next Steps Green • 116m @ 1.7% Nb2O5 from 52m (EAL894) • Aircore drilling has outlined a • RC drilling to delineate zones For personal use only • 43m @ 2.4% Nb2O5 from 43m (EAL899) large footprint of +2% Nb2O5
Slide 21: Towards Project Development
Aileron Project – Towards Project Development Progressing to resource definition, metallurgical test work and studies For personal use only • Low cost, fast moving aircore has outlined shallow Significant Exploration Upside… niobium mineralisation across key target areas • Commanding land position w
Slide 22: West Arunta – Exploration Upside
Aileron Project – West Arunta Exploration Upside - Commanding land position and aircore drilling is fast and cost-effective Carbonatite Complex For personal use only 2025 Resource Definition Exploration Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 22
Slide 23: Key Value Drivers
Key Value Drivers Resources - moving into resource definition of high-grade, near- For personal use only surface niobium at Green and Crean Exploration upside - commanding land position in the West Arunta - aircore drilling is fast and cost-effective Project development – initiating studies, includi
Slide 24: Major Copper Exploration Portfolio
Major Copper Exploration Portfolio A globally significant copper opportunity Northern Territory For personal use only • Encounter has a large portfolio of first mover copper opportunities in the Northern Territory - highly prospective for sedimentary hosted copper deposits • Jessica farm-in with Sou
Slide 25: 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 25
Encounter Resources — Shareholder Meeting (November 2024) on 6ix