ENR 1.41% 35.0¢ encounter resources limited

Ann: Thick, high-grade Niobium-REE at Aileron - West Arunta, page-3

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    Thick, high-grade Niobium-REE at Aileron - West Arunta

    • The first two holes at Crean, drilled 1.5km apart on the Elephant Island Fault, have intersected carbonatites with both RC pre-collars finishing in high grade niobium and rare earths (“REE” or “TREO”) mineralisation

    • EAL008 intersected 94.7m of carbonatite from 55m to 149.7m. Assays results from the 90m deep RC pre-collar returned:

    - 34m @ 1.0% Nb2O5 & 0.6% TREO from 56m to end of pre-collar including: - 4m at 3.8% Nb2O5 & 1.9% TREO from 56m

    EAL007 intersected 282m of carbonatite from 64m to end of hole at 346m. Assay results from the 69m deep RC pre-collar returned:

    - 2m @ 1.2% Nb2O5 & 0.6% TREO from 67m to end of pre-collar

    • Assays for the diamond tails of EAL007 (from 69m) and EAL008 (from 90m) are expected to

      be received in August-September 2023

    • The mineralised carbonatite remains open to the east and west and is increasing in width to the east where it is open in all directions

    • An initial 80-100 hole RC drilling program will commence in August 2023

    its there . and it is growing . lets go regional assist
 
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35.0¢
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-0.005(1.41%)
Mkt cap ! $158.1M
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34.0¢ 35.0¢ 33.5¢ $190.8K 549.1K

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