ENR's share price will have a lot of room to rise before JORC resource, page-10

Some off the cuff speculation below. DYOR

Summary of drilling to late September. Mostly aircore. Recent RC not included.
Likely to have been rain stopping play temporarily since the 20th. Very unseasonable, with falls over 50mm reported from some less remote areas. May or may not stop local rig access for up to a week.

On Gravity


Stars for diamond drilling at Mawson and Perce.

On magnetics


Table of aircore drilling for the first phase based on Sentinel interp and irregular updates meaning it is only indicative. DYOR.

AREA	INTERP#	PENDING	ANN #	DATE1	DATE2	RANK
EMILY	96	77	19	8/07/2024		1	CARB
CREAN	97	21	76	24/06/2024	8/07/2024	2	CARB
GREEN	183	16	167	16/07/2024	31/07/2024	2	CARB
JOYCE	39	39	0			3	CARB
HURLEY	32	20	12	5/08/2024		3	CARB
CAIRD	21	21	0			4	AC NONE
CAIRD W	18	18	0			4	AC NONE
MCILLROY	100	100	0			4	AC NONE
SHACKLETON	46	46	0			4	AC NONE
PERCE	1	MID JUNE				4	DDH
MAWSON	1	LATE JUNE				4	DDH
CREAN S	3	3	0			4	AC NONE
STELLER		0	0			5	GEOPH
CRABEATER		0	0			5	GEOPH
LEOPARD		0	0			5	GEOPH
TOTALS TO 16/9/24
	637	361	274

Added a highly subjective ranking system
1-3 Carbonatite intersected then a very subjective split for 1 Emily better than 2 Crean better than 3 Green; Hurley and Joyce relative unknowns but currently behind Green IMO.
4 Aircore or DDH drilled with no results reported to date (Later this month or early next?).
5 Targets with no drilling.

Emily is IMO the currently most prospective deposit for ENR though the lack of RC drilling hints at less continuity to the west. Doesn't help much to the south onto WA1 ground other than a joint good deposit. Size will be constrained from reported drilling but still could need westerly extension from EAL 98.

Crean IMO pips out Green for defined continuity of high grade over approximately 1 Km of albeit narrow supergene mineralisation. More infill on 400m spaced lines at Green could change this.
However, both have limited size potential with some juicy grades at generally reasonable depths.

Hurley currently lacks the shallow high grade continuity of the above deposits. DD and recent RC have, IMO, a low chance of producing a viable deposit of Nbx. Not impossible but most deeper drilling has shown irregular moderate grade at depth.

Joyce has carbonatite. Samples not being prioritised, or reported as such, is considered a negative by some. Perhaps ENR learned a lesson from reporting Green priority samples which raised expectations for some. Tough call either way.


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4
Order based on number of interpreted holes. Can't give any great speculations on these areas in the absence of data being unavailable.

McIlroy - really two phases.
The western line testing for splays of the Elephant Island Fault and possible associated carbonatites. A single line with variable spaced holes. Given the irregularity of Carbonatite from Hoschke to Hurley a valid target with only a short NS component unless multiple zones along splays.
The Northern drilling came as a surprise to me and the drill fences do hint at something being found to warrant this level of activity. Complex geology in the east IMO.

Shackleton - IMO wide spaced cross strike testing with only early REE chip samples and weak geophysics. Almost stratigraphic drill testing. Selected NS lines going to the East with the Endurance fault possibly being targeted. Bit surprised to see a couple of traverses bracketing last year's Caird drilling.

Crean South aircore - 3 holes for mag/grav test - .

Mawson Perce - Both drilled in June so coming up 3 months which means results are likely to be out by mid October if not before.
The results at Mawson may give a clue about the large gravity highs (white/reds) that are similar to P1 at WA1's Pachapadra zone.
Carbonatite vs IOCG at Perce or ???.
I am interested in depth of cover at Mawson and Perce. Suspect moderate for the former and deeper at Perce.

==
5
Three named targets with no aircore drilling reported.
Steller as an easterly zone along the Elephant Island Fault opens up the potential at Crabeater.
Leopard shows the target opportunities that could exist on the large package of Aileron ground. North in WA (maybe low potential). East in the NT where any success would really put the cat amongst the pigeons.

However, there are so many potential zones and a limited budget......

Everything changes with results of drilling and how any goodies sit in 3D space. DYOR Dyor in spades.