Earnings release
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Quarterly Activities Report FOR THE PERIOD ENDED 31 MARCH 2021 encounter RESOURCES LIMITED • • • • Premier Copper and Gold Exploration Portfolio in WA and NT Highlights : Paterson Province WA Ten hole RC drill program ( 2,077m ) completed at the Dune Prospect ( " Dune " ) part of the 100 % owned Lamil Copper - Gold Project ( " Lamil " ) . Assay results from three of the ten broad - spaced drill holes received and include : 132m @ 0.31 g / t Au and 0.11 % Cu from 87m to end of hole in ETG227 including : 22m @ 0.51 g / t Au and 0.24 % Cu from 181m Major diamond drilling program commenced to test copper - cobalt and copper - gold targets across multiple project areas : Drilling at the Yeneena Copper - Cobalt Project ( " Yeneena " ) ( up to 1,900m ) as part of the $ 15M exploration earn - in with IGO Limited ( " IGO " ) EIS co - funded diamond drill program ( 1,500m ) targeting further extensions of the copper - gold mineralisation at Dune Drilling at the Millennium Joint Venture testing a new copper drill target below an + 800m long zone of copper anomalism defined in prior drilling that included an intersection of 26m @ 0.60 % copper from 100m Tanami / West Arunta - WA Aileron Copper - Gold - Rare Earths Project : EIS co - funded drilling grant of up to $ 150,000 to test large IOCG target located in the West Arunta region Gravity survey planned to commence in June 2021 to refine EIS drill targets West Tanami Gold Project : EIS co - funded drilling grant of up to $ 150,000 to test high quality orogenic gold drill targets Northern Territory Copper ○ Encounter now controls eight large projects covering ~ 21,000km² in the Northern Territory ( " NT " ) targeted for sedimentary - hosted and IOCG style copper deposits . Interpretation and interrogation of new government datasets ( Geoscience Australia “ GA ” , Northern Territory Geological Survey , " NTGS " ) and systematic pXRF analysis of historical drilling has resulted in exciting recent developments including : Jessica - Aircore / auger drill program scheduled for June 2021 to determine the lateral extent of the near surface high grade copper mineralisation identified in water bore cuttings ; Sandover - Copper anomalism identified by handheld XRF analysis in multiple water bore cuttings and consequently the project area has been significantly expanded ; ○ Carrara - Copper and zinc sulphide mineralisation observed in the NDI Carrara1 stratigraphic diamond drill hole completed in the National Drilling Initiative ( " NDI ” ) . Encounter Resources Limited Suite 2 , 1 Alvan Street Subiaco WA 6008 P +61 8 9486 9455 E contact@enrl.com.au www.enrl.com.au