Encounter Resources (ENR) H2 2025 earnings summary

Executive summary

• Focused on mineral exploration and project development in Western Australia and the Northern Territory, with key projects including Aileron (niobium-REE-copper) and Sandover (copper).

• Regained 100% control of Yeneena and Carrara projects after partners withdrew from farm-in agreements.

• Maintained collaboration with South32 at the Jessica copper project under a joint venture.

Financial highlights

• Net loss after tax for FY25 was $3,832,386, an improvement from $4,331,728 in FY24.

• Total income rose to $987,657 (FY24: $618,076), mainly from interest and other income.

• Cash and term deposits at year-end were $18,638,519 (FY24: $14,050,537).

• Capitalised mineral exploration and evaluation expenditure increased to $30,612,089 (FY24: $22,853,601).

• Share issues during the year raised $16.4 million before costs.

Outlook and guidance

• Plans to continue exploration at 100% owned Aileron and other copper projects in WA and NT.

• Ongoing collaboration with South32 at Jessica copper project.