Encounter Resources (ASX:ENR) intersected niobium from a recent air core drill program at the Aileron project in Western Australia, according to a Monday filing with the Australian bourse.
The program conducted at the Emily, Joyce, Green, and Percy targets identified up to 23 meters at 4.2% niobium pentoxide from 40 meters at Emily, the miner said in the filing.
The company's shares were down almost 7% in recent Monday trade.
Price (AUD): $0.34, Change: $-0.03, Percent Change: -6.94%
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