Encounter Resources (ENR) Diggers & Dealers Mining Forum 2025 summary

Conference highlights

• Executive Chairman presented on the emergence of a major new mineral province in Central Australia, focusing on high-grade niobium, rare earths, and copper discoveries.

• The company has rapidly advanced from initial discovery to defining a 19.2 Mt resource at 1.74% niobium, with further drilling and resource updates planned.

• Extensive geophysical surveys, including airborne EM and gravity, have identified 15+ new targets for drilling in 2024.

• Strategic partnerships with major miners have provided over $30 million in funding, supporting aggressive exploration and minimizing dilution.

• The region is expected to become a multi-commodity belt, with ongoing copper and gold exploration across Western Australia and the Northern Territory.

Project developments and exploration strategy

• High conversion rate from target to discovery in the West Arunta, with multiple near-surface high-grade carbonatite finds.

• Ongoing drilling at Joyce and Green prospects, with results expected within a month and plans to test all identified targets this year.

• Additional copper discoveries and surface samples indicate strong multi-commodity potential.

• Major geophysical and drilling programs are scheduled for October 2024, with up to four rigs operating across key projects.

• Resource upgrade targeted for early 2026, leveraging over 40,000 m of drilling planned for the year.

Strategic positioning and leadership

• Holds a dominant land position in the West Arunta, targeting rapid resource growth through a 40,000m drill program.

• Leadership team includes experienced geologists and executives, with significant board and management shareholding.

• Market capitalization stands at $130M with $19M cash as of June 2025, supporting ongoing exploration.

• Collaborates with Tier 1 partners and leverages strong technical capabilities for project generation.