Encounter Resources: Granted up to $220,000 by WA government for Aileron exploration

Encounter Resources Granted up to $220,000 by WA government for Aileron exploration

• Encounter Resources (ENR) receives a co-funded WA government grant of up to $220,000 for drilling and exploration at its Aileron project in the West Arunta region of WA
• The funding is part of the state government’s Exploration Incentive Scheme (EIS), which offers a refund of up to 50 per cent for exploration drilling projects
• Encounter is conducting an 8000-line-kilometre airborne magnetic-radiometric survey to refine targets for drilling in 2023
• Only two holes have been drilled to date along the 130-kilometre prospective geological belt being targeted by Encounter, with both considered to be “well-mineralised”
• ENR shares are up 6.06 per cent and trading at 17.5 cents at 3:56 pm AEDT