BUZZ-Australia's Encounter Resources soars on niobium find at WA project

Reuters

2024/12/13

** Shares of Encounter Resources ENR.AX rise as much as 19.1% to A$0.405, their highest levels since Nov 21

** The mineral explorer reports thick high-grade niobium mineralisation at its Aileron project in West Arunta, Western Australia

** Says drilling results establish vast potential for further discoveries along key mineralising faults in West Arunta

** More than 2.2 mln shares change hands, 3.1 times the 30-day avg volume of 696,000 shares

** Stock up 26.7% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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