Encounter Resources Limited · ASX:ENR
Encounter Resources — Corporate Update (February 2023)
26 slides from Encounter Resources's corporate update, February 2023
Slide 1: Quarterly Investor Update
Quarterly Investor Update February 2023 Exploring for the next copper, rare earths and lithium discoveries ASX: ENR
Slide 2: Disclaimer and compliance statement
Disclaimer and compliance statement This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and
Slide 3: Encounter at a glance
Encounter at a glance Creating value through project generation and discovery Elliott Paterson Province Beetaloo Capital structure Board of Directors (100% ENR) Regional (100% ENR) ASX ticker ENR Carrara Share price (3/2/2023) $0.18 Jessica Paterson Province Shares on issue 356M Sandover Options 21M
Slide 4: A premier exploration portfolio
A premier exploration portfolio Early mover positions in world-class minerals belts attracting Tier 1 partners Elliott Copper (BHP $25m earn-in) Sediment-hosted copper in an unexplored region Elliott Lamil Copper-Gold (ENR 100%) Dunmarra Paterson Extensive mineralised copper- Maryfield Province gold
Slide 5: Current activity and recent highlights
Current activity and recent highlights Copper-REE - Aileron - West Arunta, WA (100% ENR) ▪ Targeting IOCG style copper and carbonatite-hosted REE mineralisation ▪ Major magnetic-radiometric survey in Nov 2022 identified new targets ▪ Project wide, 400m spaced, Falcon airborne gravity survey May 2023
Slide 6: West Arunta, Western Australia: A new critical minerals province
West Arunta, Western Australia: A new critical minerals province 6
Slide 7: Aileron Copper-Rare Earths Project (100% ENR)
Aileron Copper-Rare Earths Project (100% ENR) A new rare earth and IOCG province in Australia ▪ Commanding land position in the underexplored West Arunta with +100km long Aileron project ▪ Three rare earths (“REE”) occurrences recently identified in the belt including the discovery of niobium-REE mi
Slide 8: Aileron Copper-Rare Earths Project (100% ENR)
Aileron Copper-Rare Earths Project (100% ENR) One of the most prospective regions in Australia for IOCG-REE deposits ▪ Only drill hole completed at Aileron (EAL001) (depth of 158m) — contained zones of anomalism in copper (up to 0.1% Cu), gold (up to 48ppb Au), molybdenum (up to 155ppm Mo), niobium
Slide 9: Aileron Copper-Rare Earths Project (100% ENR)
Aileron Copper-Rare Earths Project (100% ENR) Niobium-REE mineralised carbonatite system <1km from Aileron ▪ Gravity survey and surface sampling have upgraded Aileron targets ▪ Discrete, coincident gravity- magnetic anomalies on major regional structures ▪ Reconnaissance rock chip sampling returned
Slide 10: Caird Target at Aileron
Caird Target at Aileron Pipe-like gravity anomaly ~5km along the major structure from Luni ▪ Discrete, “bullseye” density anomaly ~600m by 600m (~2 mgal), coincident with magnetic anomaly 1 ▪ Interpreted as a pipe-like intrusion or alteration system with potential for IOCG style copper and carbonati
Slide 11: Aileron Copper-Rare Earths Project (100% ENR)
Aileron Copper-Rare Earths Project (100% ENR) A new rare earth and IOCG province in Australia ▪ Alkaline systems active in the region are key drivers in the formation of IOCG and carbonatite-hosted REE deposits ▪ 8,000 line km airborne magnetic- radiometric survey in Nov 2022 identified new targets
Slide 12: Northern Territory: Globally significant opportunities for copper and lithium
Northern Territory: Globally significant opportunities for copper and lithium 12
Slide 13: Junction and Sitch Lithium Projects (100% ENR)
Junction and Sitch Lithium Projects (100% ENR) Northern Arunta Pegmatite Province ▪ Encounter controls a significant part of the North Arunta Pegmatite Province identified by the NT Geological Survey (“NTGS”) ▪ Analogous to the host pegmatites of the lithium deposits at Greenbushes in WA and the Fin
Slide 14: Junction Lithium Project (100% ENR)
Junction Lithium Project (100% ENR) Crawford target ▪ Located at the intersection of two important, LCT-controlling structures ▪ A series of the most lithium rich occurrences in the Northern Arunta Pegmatite Province (controlled by Core Lithium Ltd (ASX:CXO)) are trending along the major Barrow Cree
Slide 15: Junction Lithium Project (100% ENR)
Junction Lithium Project (100% ENR) Crawford target ▪ Field reconnaissance completed in Dec 2022 — outcropping and sub-cropping pegmatites over 4km of strike — potentially extend under cover to the north — western margin of a large granite body — located ~4km east of Core Lithium’s (ASX:CXO) Ringing
Slide 16: Sandover Copper Project (100% ENR)
Sandover Copper Project (100% ENR) Outcropping shale units that contain copper mapped for >20km ▪ Partially exposed Neoproterozoic Basin in the Georgina - 170km north-east of Alice Springs ▪ Copper mineralisation at surface returned assays up to 20.9% Cu and anomalous pathfinder elements (Zn, Ag, As
Slide 17: Northern Territory: globally significant opportunity for copper
Northern Territory: globally significant opportunity for copper New investment in pre-competitive Government data has transformed the exploration potential of the NT ▪ These new datasets are providing crucial early insights into areas prospective for sedimentary hosted copper deposits ▪ Highly prosp
Slide 18: Elliott Copper Project
Elliott Copper Project Key ingredients for the formation of large sedimentary copper deposits ▪ BHP (ASX:BHP) earn-in and joint venture agreement covering the 7,200km² Elliott Copper Project ▪ BHP may earn up to a 75% interest by spending up to $25 million over 10 years ▪ 2 diamond drill holes (1,65
Slide 19: Jessica Copper and Carrara Copper-Zinc Projects
Jessica Copper and Carrara Copper-Zinc Projects South32 two farm-in agreements (up to $25m farm-in funding) ▪ Reprocessing of seismic lines has defined a number of ground- breaking, new drill targets at the Jessica and Carrara ▪ Stratigraphic drill hole (NDI Carrara-1) completed by the Minex CRC est
Slide 20: Jessica Copper Project
Jessica Copper Project Zeta IOCG Target ▪ Drilling commencing at the Zeta IOCG target in May 2023 — Coincident magnetic-gravity anomaly — Discrete seismic reflector — Adjacent to a interpreted regionally significant deep feeder structure Zeta IOCG target. Gravity (1VD) (left) and Magnetics (RTP) (ri
Slide 21: Paterson Province, Western Australia: New large scale copper-gold discoveries
Paterson Province, Western Australia: New large scale copper- gold discoveries 21
Slide 22: Lamil: Copper-gold system established (100% ENR)
Lamil: Copper-gold system established (100% ENR) EIS diamond drilling completed September ▪ Located 25km NW of Telfer ▪ Expansive copper-gold system >1km of strike containing multiple, stacked, narrow copper-gold reefs ▪ High-grade copper-gold in 200m step out drilling at the Dune Prospect — copper-
Slide 23: Drilling results point to potential large copper-gold system
Drilling results point to potential large copper-gold system High-grade copper intersections rare outside of Winu and Havieron New style of mineralisation intersected at Dune. Epithermal vein containing tetrahedrite which graded 268g/t silver and 2.5% copper at ~617m in ETG0244 Follow up exploration
Slide 24: Yeneena Copper
Yeneena Copper Paterson Province is a proven region with a history of discoveries ▪ Exploration at Yeneena is focused on discovering high-value sediment-hosted copper deposits ▪ ~1,450km² of the Paterson Province ▪ IGO Ltd (ASX:IGO) can sole fund $15 million in exploration expenditure over a maximum
Slide 25: Upcoming news
Upcoming news Sandover Copper (100% ENR) – NT - Gravity survey, drill target identification Feb 2023 Junction Lithium (100% ENR) – NT – Reconnaissance-surface sampling results Feb 2023 Yeneena Copper-Cobalt (IGO farm-in) – WA – 2023 exploration program Mar-Apr 2023 Elliott Copper (BHP farm-in) – NT
Slide 26: Contact
Contact Telephone: +61 8 9486 9455 Website: www.enrl.com.au Email: [email protected] Suite 2, 1 Alvan Street Subiaco WA 6008 ASX: ENR 26
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