Encounter Resources (ASX:ENR) hit niobium mineralization from a recent drill program at the Green project in Western Australia, according to a Friday filing with the Australian bourse.
The program yielded up to 115 meters at 1.3% niobium pentoxide from 93 meters, including 10 meters at 4% niobium pentoxide from 155 meters, the miner said in the filing.
The company's shares added about 2% in recent Friday trade.
Price (AUD): $0.35, Change: $+0.01, Percent Change: +1.47%
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