ENR encounter resources limited

0.00%

23.0¢

Noteworthy that they have ENR undervalued based on Green,Crean...

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Itchybeaver

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14/05/25

13:39

Post #: 79039337
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Originally posted by benwex2: ↑
Euroz Hartleys note for ENR 's announcement today:

ENR (Encounter Resources, +10.5% to 21.0cps, m.cap A$95m, Niobium Explorer): Mike Millikan
ENR has released an initial Niobium Mineral Resource Estimate (MRE) for its 100%-owned Aileron project in the West Arunta.
The maiden resource is19.2Mt @ 1.74% Nb₂O₅ (using 1.0% Nb₂O₅cut-off)
The higher grade subset is contained within a larger resource of67.6Mt @ 0.88% Nb₂O₅ (using 0.25% Nb₂O₅cut-off)
All Inferred from the estimation of mineralisation at Green, Emily and Crean deposits
Independently estimated by Snowden Optiro
Shallow less than 150m depth, with all deposits open and subject to more drilling (extensional and infill) which is underway

ENR is trading at pre-discovery lows, with the maiden resource estimate seen as a key catalyst along with the start of drilling
The initial MRE is good base from which to grow and we anticipate both significant grade and tonnes upside
ENR is now advancing resource infill and extensional RC drilling (Green, Emily and Crean), metallurgical testwork and technical studies
Regional air-core drilling with also continue to a pipeline of new and existing targets for new discoveries and resource additions (strong exploration upside)
WA1 Resources (WA1 – A$821m MC) Luni deposit is located in-between (along strike) of ENR’s Green and Emily
Luni has a current high-grade sub-set of53Mt @ 2.1% Nb₂O₅ (using 1.0% Nb₂O₅cut-off) from a larger 200Mt @ 1.0% Nb₂O₅ (using 0.25% Nb₂O₅cut-off)
On basic measure WA1 is currently trading at an EV 10x that of ENR (WA1 EV $735m vs ENR EV $74m), or roughly A$14/resource tonne (higher grade subset)
Even on a discounted per tonne value, ENR should be trading over A$230m (implies over 45cps discounted value vs current <20cps trading).
You can click here to login to the research portal to view our research on this company.
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Noteworthy that they have ENR undervalued based on Green,Crean and Emily alone.
Positive sentiment considering the greater package of tenements and prospects that ENR encompasses.
ENR Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 23.0¢		Change 0.000(0.00%)		Mkt cap ! $114.7M

Open	High	Low	Value	Volume
23.0¢	23.0¢	22.0¢	$119.2K	520.4K

Buyers (Bids)

No.	Vol.	Price($)
2	16123	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	42150	1

View Market Depth

No.	Vol.	Price($)
2	16123	0.220
1	9500	0.215
2	23808	0.210
5	144658	0.205
11	143200	0.200

Price($)	Vol.	No.
0.230	42150	1
0.235	46134	1
0.245	28100	1
0.250	32432	1
0.260	26220	2

Last trade - 16.10pm 13/06/2025 (20 minute delay)

ENR (ASX) Chart

Noteworthy that they have ENR undervalued based on Green,Crean...

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