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2026-11-06
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Encounter Resources Limited

Resource Stage · Others · Rare Earths · Copper · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.22
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$123.3M
EV
A$96.5M
Cash
A$26.9M
Debt
A$0
3 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

5 assets

Core asset

Aileron Niobium-REE Project

Australia

Resource Stage100% ownedOthersRare EarthsCopper

100% owned; combined Inferred resource only. Mining lease application lodged; metallurgy and PFS workstreams remain incomplete.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceInferred120 Mt0.77% Nb2O5 above 0.25% cut-offOthers · Rare Earths2026-04-22
Mineral ResourceInferred subset26 Mt1.7% Nb2O5 above 1.0% cut-offOthers · Rare Earths2026-04-22
Tenements2
e80-5169Granted111.02 km2 · No expiry supplied
aileron_mining_lease_applicationApplication— None · No expiry supplied
Milestones3
  1. Green and Emily infill and extensional drilling

    Pending · High materiality

  2. Ferroniobium and niobium oxide product demonstration

    Pending · High materiality

  3. Pre-feasibility study completion

    Pending · High materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Aileron mining leaseWestern AustraliaPending—Yes

Material

Yeneena Copper Project

Australia

Resource Stage100% ownedCopperGoldSilver

100% owned after IGO withdrawal; Tyrell has an Inferred oxide copper resource, while Parbo is at drill stage.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceInferred2.9 Mt0.79% Cu above 0.25% cut-offCopper2025-09-26
Tenements1
e45-2500Granted— None · No expiry supplied
Milestones1
  1. Parbo copper drilling assays

    Pending · Medium materiality

Material

Lamil Copper-Gold Project

Australia

Discovery Drill Stage100% ownedCopperGold

100% owned near Telfer; drilling has identified a copper-gold target at Elsa but no JORC resource.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Tenements1
e45-4613Granted— None · No expiry supplied
Milestones1
  1. Next-stage Elsa drill targeting

    Pending · Medium materiality

Material

Jessica Copper Project

Australia

Discovery Drill Stage100% ownedCopperGold

Legal ownership remains 100% during South32 farm-in; conditional South32 60% then 75% earn-in would dilute Encounter to 40% then 25%.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Tenements2
el32388Granted813.8 km2 · No expiry supplied
el32493Granted811.6 km2 · No expiry supplied
Milestones1
  1. South32 2026 copper target drilling

    Pending · Medium materiality

Other

Sandover Copper Project

Australia

Discovery Drill Stage100% ownedCopper

100% owned early-stage sediment-hosted copper exploration; no mineral resource or study economics.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.