Encounter Resources (ENR) H1 2026 earnings summary

Executive summary

• Focused on exploration programs in Western Australia and the Northern Territory, primarily at the Aileron Niobium-REE-Copper project in West Arunta.

• No significant changes in principal activities during the half-year.

• No material or unusual events occurred after the reporting period that would affect future operations.

Financial highlights

• Net loss after income tax for the half-year was $2,748,136, compared to $2,098,668 for the same period last year.

• Total revenue was $499,712, up from $425,563 year-over-year, mainly from interest income.

• Cash and cash equivalents at period end were $34,721,914, up from $18,638,519 at 30 June 2025.

• Capitalised mineral exploration and evaluation expenditure increased to $37,399,389 from $30,612,089 at 30 June 2025.

• Shares issued during the period raised approximately $26.1 million before costs.

Outlook and guidance

• Continued focus on exploration and study activities at the Aileron project and copper exploration in the Northern Territory and Western Australia.