CAPITAL MARKETS

Maiden 10Mlb resource for Encounter

SHARES in uranium explorer Encounter Resources jumped 18% today after the company announced a 10 million pound uranium resource at its Hillview project, near Meekatharra in Western Australia.

Kristie Batten
Maiden 10Mlb resource for Encounter

The initial inferred resource estimate is 27.6 million tonnes, averaging 174 parts per million uranium for a contained 10.6Mlb or about 4800t contained uranium.

The main mineralised zone at Hillview is 7km long by 1.4km wide, with an average thickness of 3.15m. The entire uranium resource is within 15m of the surface.

The resource is a flat-lying, consistent body of mineralisation with minimal internal dilution.

The Hillview project, in which Avoca Resources earns a 20% interest, is one of a number of uranium and base metal prospects Encounter has in Western Australia.

Shares in Barra Resources were up 18% or 4.5c to 29.5c today.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.