Earnings release
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Quarterly Activities Report FOR THE PERIOD ENDED 30 JUNE 2021 encounter RESOURCES LIMITED 28 July 2021 Premier Copper and Gold Exploration Portfolio in WA and NT Highlights : Paterson Province WA • • • • Two diamond rigs are currently operating at the 100 % owned Lamil Copper - Gold Project located 25km north - west of Telfer . The EIS co - funded drill program will extend a number of RC holes at the + 1km long Dune Prospect which contain strengthening copper - gold mineralisation towards end of hole , including : ○ ETG227-132m @ 0.31g / t Au and 0.11 % Cu from 87m to end of hole including : 22m @ 0.51g / t Au and 0.24 % Cu from 181m end of hole sample 2m @ 0.35g / t Au and 0.37 % Cu from 217m 1 Drilling will also test new geophysical features identified in the northern part of Dune proximal to ETG0003 and ETG0208 which intersected : 24.9m @ 0.7g / t Au from 127.1m and 4.0m @ 7.1g / t Au from 216m 2 18m @ 1.2g / t Au and 0.2 % Cu from 126m including : 4m @ 4.1g / t Au and 0.3 % Cu from 138m 3 Diamond drilling completed at the Millennium Joint Venture ( Encounter 75 % / Hampton Hill Mining 25 % ( ASX : HHM ) ) . Drill tested downdip of a + 800m long zone of copper anomalism with assay results expected in September 2021 . Diamond drilling and a magneto - telluric ( MT ) survey completed at the Yeneena Copper - Cobalt Project ( " Yeneena " ) as part of the $ 15M exploration earn - in with IGO Limited ( ASX : IGO ) . Tanami / West Arunta - WA • • Gravity survey completed at the 100km long Aileron IOCG ( Copper - Gold - Rare Earths ) project in the West Arunta region of WA . The results of the gravity survey will be available in August 2021 and will be integrated with existing geophysical datasets to design follow up exploration plans . West Tanami Gold Project : Preparations underway for the EIS co - funded diamond drilling program planned for October - November 2021 . Northern Territory Copper • • • BHP ( ASX : BHP ) exercised its option to enter into a farm - in and joint venture agreement covering the 4,500km² Elliott Copper Project ( " Elliott ” ) in the Northern Territory ( " NT " ) where BHP may earn up to a 75 % interest in Elliott by spending up to $ 22 million over 10 years An extensive exploration program , including seismic surveys and drilling , is planned at Elliott to rapidly advance understanding of basin architecture and to define prospective deposition sites for sedimentary copper mineralisation Encounter continues to advance and build its commanding 100 % owned copper exploration portfolio in the NT covering a further 22,000km² 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