Market Alert: Gold and Silver Extend Bull Run Amid Global Uncertainty
Encounter Resources Limited (ASX: ENR) has uncovered extensive rare earth element (REE) mineralisation across the West Arunta carbonatite complexes. Drilling at the Green prospect confirmed the presence of REE-bearing minerals such as bastnaesite, synchysite, and parasite, showcasing the district’s growing potential. Additionally, early-stage aircore drilling at the Juan prospect intersected 6m at 0.9% TREO, extending known mineralised zones by over 10km. Multiple prospects, including Crean and Green, reported high-grade intervals reaching up to 6.3% TREO.
The Aileron Project’s 19.2Mt resource also hosts impressive dysprosium and terbium grades, aligning with other leading Australian REE developments. These consistent intersections highlight West Arunta as an emerging hub for rare earth and niobium exploration, comparable to globally significant deposits like Mt Weld and Araxá, positioning Encounter as a frontrunner in Australia’s next critical minerals province.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.