Ann: West Arunta Project - Luni High-Grade Horizon Extends, page-93

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Iknowyysh

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21/08/23

12:19

Post #: 69453783
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Originally posted by microbecap: ↑

You might like to consider taking the time to look at ENR more closely. I hold WA1 and ENR, and for very good reasons.

I assure you there is much more than "hype" holding up the ENR SP.

Their valuation is partly explained by the calibre of their partnerships with IGO, S32 and BHP, the ground ENR has pegged and the fact they have found niobium at Aileron.

Sure, they are not as advanced as WA1 in their exploration drilling, but that does not mean there is no potential. On the contrary, the indications are looking very positive.

Instead of the US vs THEM mentality, it would be more logical to see the potential in the economies of scale should ENR be as or if not more successful in finding mineralisation than WA1.

It takes an enormous investment to create a mine, and the more niobium there is in the entire region, the more likely a mine will come to fruition. Whether that means sharing infrastructure costs or a merger, no one can say for sure. But the opportunity that is presented here is undoubtedly more positive than negative.

I look forward to ENR results from the recently commenced 10,000m RC Drill Program at Aileron:

Encounter Resources announced the first two holes at the Crean target (EAL007 and EAL008), drilled 1.5km apart, intersected mineralised carbonatites containing niobium ("Nb2O5") and rare earths ("REE" or "TREO") with neodymium and praseodymium content ("NdPr"). Full assay results from EAL007 remain pending with assays from EAL008 returning: 68.8m @ 0.8% Nb2O5 and 0.5% TREO (22% NdPr:TREO) from 55m. A follow up 10,000m RC drill program has commenced and will include drilling to extend the niobium-REE mineralisation at Crean; testing the Hurley and Wild targets located east of Crean; testing the Endurance Fault position south of Caird; and drilling at the Green target north of WA1 Resources' Luni niobium-REE discovery.

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For those ENR holders that thought they had a chunk of the luni deposit on their boundary:

WA1 Price at posting: $5.14 Sentiment: Buy Disclosure: Held
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Ann: West Arunta Project - Luni High-Grade Horizon Extends, page-93

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Ann: West Arunta Project - Luni High-Grade Horizon Extends, page-93

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