Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2025)
22 slides from Encounter Resources's shareholder meeting presentation, Nov 27, 2025
Slide 1: 2025 Annual General Meeting
For personal use only 2025 Annual General Meeting The Right Time for Niobium/REE and Copper in Australia… 27 November 2025
Slide 2: Disclaimer and Compliance Statement
Disclaimer and Compliance Statement Encounter Resources Investor Update This presentation has been prepared by Encounter Resources Limited (“Encounter”). The The information in this report that relates to Exploration Results is based on information For personal use only information contained in this
Slide 3: 2025 Highlights
2025 Highlights Growing resources, advancing studies, aggressive exploration ▪ Initial Resource: 19.2Mt @ 1.74% Nb₂O₅ — shallow, high-grade For personal use only and open along strike and at depth ▪ Resource Growth: Infill and extensional drilling ▪ Well-funded (~$37 million) to: o Advance explorati
Slide 4: Encounter at a Glance
Encounter at a Glance Value Creation Through Project Generation and Discovery Encounter Resources Investor Update Board Leadership Team For personal use only Will Robinson | Executive Chairman Mark Brodie | Exploration Manager Vince Crombez | Senior Geologist Jon Hronsky OAM | Non-Executive Director
Slide 5: Multi-Commodity Leverage in Australia's Next World-Class Mineral Province
Multi-Commodity Leverage in Australia’s Next World-Class Mineral Province Encounter Resources Investor Update Exposure to High-Value Critical Minerals For personal use only Niobium, REE and Copper-Gold Resource Growth Through Active Drilling Multi-rig programs – priority targets from geophysics inve
Slide 6: West Arunta: Australia's Next Great Mineral Province
West Arunta Australia’s Next Great Mineral Province Encounter Resources Investor Update Exceptionally well mineralised suite of intrusions For personal use only ▪ High-grade niobium deposits were found fast ▪ Globally significant niobium resources ▪ Super low discovery cost: o ~A$40/t discovery cost
Slide 7: Aileron Project – West Arunta
Aileron Project – West Arunta Carbonatites are commonly strike-extensive dyke systems including the world’s largest - Bayan Obo (China) For personal use only 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 l
Slide 8: Initial Resource Provides Platform for Development
Initial Resource Provides Platform for Development Encounter Resources Investor Update Multiple growth drivers from Encounter’s commanding tenure position For personal use only ▪ 19.2Mt @ 1.74% Nb₂O₅ (≥1.0% cut-off) – world-class undeveloped niobium resource Platform for ▪ Mineralogy indicates poten
Slide 9: Niobium: Fast Growing, High Value, Stable Pricing
Niobium: Fast Growing, High Value, Stable Pricing Encounter Resources Investor Update Critical input into steel, defence, aerospace and energy transition applications with blue-chip consumer base Ferroniobium 6.1% CAGR* 20 Nb Oxide (kt) 15% growth For personal use only Finished Steel Products Ferron
Slide 10: Green – High-grade and growing
Green – High-grade and growing For personal use only Green Prospect – Niobium - AEM Layered Earth Inversion (LEI) DS55 Refer to ASX announcement 6 October 2025 and WA1 ASX announcement 9 October 2025 10
Slide 11: New High-Grade Niobium–REE Zone 500m East of Crean
New High-Grade Niobium–REE Zone 500m East of Crean Elephant Island Fault is a +8km mineralised corridor with large areas still only broadly drilled Encounter Resources Investor Update For personal use only Elephant Island Fault – RTP Magnetics with Crean MRE outline and max-in-hole Nb2O5 11 Refer to
Slide 12: Australia's Most Prospective New Rare Earths Region
Australia’s Most Prospective New Rare Earths Region REE deposits commonly occur alongside Niobium deposits Mt Weld – Lynas Araxa – CBMM (Nb) For personal use only St Honore – Magris St George (REE) Rare Earths Legend Carbonatite complex 2km 2km 2km Niobium deposit REE deposit Niobium deposit Niobium
Slide 13: Australia's Most Prospective New Rare Earths Region
Australia’s Most Prospective New Rare Earths Region Northern carbonatite demonstrates elevated Dysprosium/Terbium relative to most Australian deposits For personal use only Aileron project – Magnetics (TMI) Refer to ASX announcement 19 August 2025 13
Slide 14: Towards development
Towards development Growing resources and advancing studies ▪ Initial Resource: 19.2Mt @ 1.74% Nb₂O₅ — shallow, high- For personal use only grade and open along strike and at depth ▪ Resource Growth: Infill and extensional drilling ▪ Metallurgical studies progressing - Mineralogy indicates conventio
Slide 15: Copper Projects
For personal use only Copper Projects High-impact copper-gold exploration with proven track record of attracting leading industry partners
Slide 16: Copper-Gold in One of WA's Most Proven Districts
Copper-Gold in One of WA’s Most Proven Districts Paterson Province WA - 100% Encounter Encounter Resources Investor Update Yeneena Copper Project For personal use only ▪ Tyrell - near-surface, high-grade copper oxide MRE ▪ Parbo - +8km copper mineral system ▪ Haddon - potentially significant end-of-
Slide 17: Yeneena Copper - Parbo
Yeneena Copper - Parbo Encounter Resources Investor Update Initial Tyrell Copper Oxide Inferred MRE (surface to 50m): ▪ 2.9Mt @ 0.8% Cu incl: 1.1Mt @ 1.3% Cu (high-grade zone) For personal use only ▪ Shallow, high-grade mineralisation with growth potential +8km Parbo copper mineral system: ▪ 15m @ 1
Slide 18: Yeneena Copper – Haddon
Yeneena Copper – Haddon AEM anomaly with end of hole gossan with strong silver, copper, lead, and zinc anomalism Encounter Resources Investor Update For personal use only 1VD gravity VTEM 202m depth slice RC program (9 holes, 1620 metres) completed in October 2025, assays pending, diamond drilling p
Slide 19: Lamil: Multi-Target Copper-Gold System Near Telfer
Lamil: Multi-Target Copper-Gold System Near Telfer Encounter Resources Investor Update ▪ 25km northwest of Telfer copper-gold mine ▪ +5km mineralised corridor with multiple drill-defined For personal use only targets ▪ Mineralised copper-gold intersections incl: ▪ 10m @ 2.8g/t Au from 94m (Dune) ▪ 1
Slide 20: Why Encounter Resources
Why Encounter Resources Encounter Resources Investor Update For personal use only Dominant land holding in High-grade resource with Trading at significant the West Arunta - scale and growth valuation gap to peer Australia’s next great pathway minerals province Copper upside in Near-term news from Mu
Slide 21: Appendix
For personal use only Appendix 21
Slide 22: Sources
Sources Slide Source For personal use only Lynas Rare Earths. 2024 Mineral Resource and Ore Reserve Update. 5 August 2024 Lynas Rare Earths. A New Niobium Rich Rare Metals Resource at Mt Weld. 6 October 2004 12 St George Mining Limited. High-Grade Niobium and REE JORC Resource for Araxá. 1 April 202
Encounter Resources — Shareholder Meeting (November 2025) on 6ix