Wilson HTM Investment Group
Encounter Resources’ copper project on the edge of the Great Sandy Desert in Western Australia has caught the attention of global copper miner Antofagasta PLC. Located near three multi-billion dollar deposits, ENR’s Yeneena project has identified multiple targets with prospective host rocks and promising geophysical signatures.
An earn-in agreement with Antofagasta (51% interest for US$20m over five years) will determine if there is another company-making deposit buried beneath the sand dunes. In this market, ENR is a rare Australian explorer that is fully funded, with lots of prospects and the diamond drill rig on site now.