Encounter Resources Limited · ASX:ENR
Encounter Resources — Macquarie Bank WA Forum (November 2024)
25 slides from Encounter Resources's conference presentation, Nov 8, 2024
Slide 1: Macquarie Bank WA Forum
For personal use only Macquarie Bank WA Forum 6-8 November 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 Board and Senior Technical Team Creating value through project generation and discovery For personal use only Cash (30 Sep 24) Enterprise value Capital structure Mr Will Robinson Dr Jon Hronsky OAM Peter Bewick ASX ticker ENR ~$10M ~$148M Executive Chairman Non-Executive Direct
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 (ENR 100%)
For personal use only Aileron, West Arunta (ENR 100%) Carbonatite-hosted niobium/REE and IOCG copper-gold Aileron field camp re-established April 2024 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: 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 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 use only Cover Upper Saprolite Leached Zone depth personal Niobium Oxide Araxá 2.
Slide 9: West Arunta – targeted for IOCG copper-gold
Aileron Project – West Arunta Targeted for IOCG copper-gold – zero previous exploration on the tenements 2019 For personal use only Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 9
Slide 10: West Arunta – first hole drilled
Aileron Project – West Arunta Encounter drilled the first hole (incomplete) which intersected anomalous copper, gold, niobium and REE 2020 For personal use only Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 10
Slide 11: West Arunta – Luni and P2 carbonatites discovered
Aileron Project – West Arunta WA1 Resources discovered the Luni and P2 carbonatites adjacent to Encounter’s tenement boundaries 2022 For personal use only Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 11
Slide 12: 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 2024 For personal use only Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 12
Slide 13: West Arunta – strike extensive carbonatite complexes
Aileron Project – West Arunta Carbonatite complexes are strike extensive and host abundant high-grade niobium mineralisation Carbonatite Complex 2024 For personal use only Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 13
Slide 14: 2024 Exploration Program
Aileron Project - 2024 Exploration Program >45,000m of drilling completed so far in 2024 (39,000m aircore, 4,500m RC & 2,500m diamond) For personal use only +2% Nb2O5 drill intercepts growing with each drill program… • Aircore drilling has been successful in intersecting shallow, high-grade niobium
Slide 15: High-grade niobium at multiple prospects
High-grade niobium at multiple prospects Prospect Best Select Intersections Current Status Next Steps Green • 10m @ 4.2% Nb2O5 from 57m (EAL489) • Aircore drilling has outlined a • RC drilling to delineate zones For personal use only • 16m @ 3.0% Nb2O5 from 47m (EAL500) large footprint of +2% Nb2O5
Slide 16: 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 17: Green
Aileron Project – Green Large footprint of near surface +2% Nb2O5 intercepts • Wide-spaced aircore drilling For personal use only confirmed that Green: • is a large carbonatite complex • is mineralised (niobium- REE) over 4km of strike • many of the aircore holes end in high-grade niobium mineralisa
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: Towards Project Development
Aileron Project – Towards Project Development Progressing to resource definition, metallurgy testing 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 with a
Slide 21: West Arunta – Exploration Upside
Aileron Project – West Arunta Exploration Upside - Commanding land position and aircore drilling is fast and cost-effective Carbonatite Complex 2025 For personal use only Resource Definition Exploration Aileron project – Magnetics (RTP) Refer to ASX announcement 8 December 2022 21
Slide 22: What's coming up
Aileron Project – what’s coming up…. October 24 For personal use only Diamond drilling for metallurgical samples at Crean and Green In progress RC drilling to define high-grade zones at Crean and Green Nov 24 – Feb 25 RC assay results from higher grade zones of Green Dec 24 – Feb 25 Further assay re
Slide 23: Major Copper Exploration Portfolio
Major Copper Exploration Portfolio A globally significant copper opportunity For personal use only • New Government data has transformed the exploration potential of the Northern Territory - highly prospective for sedimentary hosted copper deposits • Encounter has a large portfolio of first mover co
Slide 24: 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 Metallurgy and marketing – transitioning to proje
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 — Macquarie Bank WA Forum (November 2024) on 6ix