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Quarterly Activities Report FOR THE PERIOD ENDED 30 SEPTEMBER 2021 encounter RESOURCES LIMITED 31 October 2021 Leverage to the Premium Front End of the Copper Value Chain Highlights : Paterson Province - WA • A seven hole diamond drill program completed at Lamil extended a number of RC holes at the + 1km long Dune Prospect which contain strengthening copper - gold mineralisation towards end of hole . Initial priority assays from ETG0226 confirmed high - grade copper grades : о 1.5m @ 19.1 % Cu from 409.1m sitting directly above 3.9m @ 1.6g / t Au from 410.6m Northern Territory Copper • Copper exploration partnership with BHP covering the Elliott Copper Project ( " Elliott " ) in the Northern Territory ( " NT " ) significantly expanded . The tenure covered by Elliott has been expanded by 60 % to 7,200km² and the earn - in amount for BHP to earn a 75 % interest has been increased to A $ 25 million With a commanding portfolio of 100 % owned copper projects , and an expanded partnership with BHP , Encounter provides exceptional leverage to copper exploration success in the NT . West Arunta - WA • • Diamond drilling at Aileron located in the West Arunta region of WA has intersected hydrothermal hematite - altered mafic intrusions and granite with a distinctive IOCG geochemical signature under shallow cover including zones of anomalism in copper ( up to 0.1 % Cu ) , gold ( up to 48ppb Au ) , molybdenum ( up to 155ppm Mo ) and highly elevated rare earth elements ( up to 0.8 % TREO , including lanthanum up to 0.2 % , cerium up to 0.3 % ) 6 . A gravity survey was completed at Aileron in August 2021. Results are being integrated with existing geophysical datasets to design follow up exploration plans . West Tanami Gold - Hamelin Gold Demerger • • In July 2021 Encounter announced its intention to demerge and launch an initial public offering ( " IPO " ) of its wholly owned subsidiary , Hamelin Gold Limited ( “ Hamelin ” ) . The demerger was approved by shareholders on 22 October 2021 . Hamelin holds a 100 % interest in the West Tanami Gold Project in WA . This is a belt scale gold project covering 2,277km² of a well - endowed , emerging gold province that remains significantly underexplored . Hamelin lodged a prospectus with ASIC on 17 September 2021. The offer under the prospectus closed on 22 October 2021 raising the targeted $ 10,000,000 . ASX Code : ENR Cash ( 30/9/2021 ) Market Cap . ( 29/10/2021 ) Issued shares ( 30/9/2021 ) $ 4.1m $ 62m 316m Encounter Resources Limited Suite 2 , 1 Alvan Street Subiaco WA 6008 Issued options ( 30/9/2021 ) 17m P +61 8 9486 9455 E contact@enrl.com.au www.enrl.com.au