WA1 Resources (ASX:WA1) reported high-grade niobium intersections at its Western Australian Luni Niobium Project, just outside the existing Indicated Mineral Resource estimate (MRE), according to a Tuesday filing with the Australian bourse.

The drill findings provide a "strong basis to potentially convert further high-grade mineralization into higher confidence resource categories," the company said.

The company plans to release an updated MRE in the next quarter, per the filing.