Announcement • Dec 11
Encounter Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 25 million. Encounter Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,444,444
Price\Range: AUD 0.45
Discount Per Security: AUD 0.0225
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,111,112
Price\Range: AUD 0.45
Discount Per Security: AUD 0.0225
Transaction Features: Subsequent Direct Listing Announcement • Oct 30
Encounter Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million. Encounter Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,444,444
Price\Range: AUD 0.45
Discount Per Security: AUD 0.0225
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,111,112
Price\Range: AUD 0.45
Discount Per Security: AUD 0.0225
Transaction Features: Subsequent Direct Listing Announcement • Oct 28
Encounter Resources Limited, Annual General Meeting, Nov 27, 2025 Encounter Resources Limited, Annual General Meeting, Nov 27, 2025. Location: at the ebell room, trinity on hampden, 230 hampden road, crawley, wa 6009, Australia Announcement • Mar 25
Encounter Resources Ltd Announces Launch of Significant Exploration Programs at the Aileron Project Encounter Resources Ltd. announced the launch of significant exploration programs at the Aileron project (100% ENR) in the West Arunta region of WA. Resource Definition Drilling. An initial RC drill program will commence shortly to further delineate high-grade zones of niobium mineralisation identified through the aircore and RC drilling programs of 2024. Drilling will focus on demonstrating continuity along strike between existing sections, and depth extensions below shallow aircore drilling. Encounter holds a commanding, prospective tenure position in the West Arunta. Exploration programs throughout 2023 and 2024 have demonstrated that the major faults are the deep, mantle-tapping conduits bringing mineralised carbonatite magmas to surface. Encounter has demonstrated niobium-REE mineralisation along an 8km strike along the northern Elephant Island fault where the high-grade niobium zone at Crean was discovered. Along the southern Weddell fault, high-grade mineralisation exists along 10km of strike extending through Emily, Luni and Green and this system remains open to the east and west. Late in 2024 two lines of reconnaissance aircore drilling were completed 8km to further east at Joyce and this identified potential extensions of the carbonatite complex. The key controlling mineralising structures in the West Arunta are clearly mapped by geophysics. The key controlling mineralizing structures in the West Arunta were clearly mapped by geophysics. Encounter has identified numerous additional targets in favourable structural positions utilising magnetics and gravity. The presence of copper in GSWA heavy mineral data at Leopard and the vein of chalcopyrite in the first drill hole at Perce provide an encouraging start to exploration in the eastern part of Aileron. In addition to the niobium-REE exploration targeting, the 2025 exploration program will test copper-gold targets with aircore drilling and surface geochemical sampling. The planned airborne EM survey may also provide priority drill targets if the survey identifies conductive bodies in the basement. Early Project Development Activities. In parallel to the exploration program at Aileron, the Company is progressing project development and study activities underpinned by the expanding zones of high-grade niobium mineralisation. These activities include detailed early resource modelling, mineralogical evaluation, metallurgical test work, marketing, environmental surveys, mining and infrastructure studies. Updates will be provided regarding key project milestones throughout 2025, including initial resource estimates, met allurgical test work, extensional drilling at known mineralised prospects and new target testing. Announcement • Dec 06
Encounter Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 14.999999 million. Encounter Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 14.999999 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,857,141
Price\Range: AUD 0.35
Discount Per Security: AUD 0.0175
Transaction Features: Subsequent Direct Listing Announcement • Nov 30
Encounter Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Encounter Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,571,428
Price\Range: AUD 0.35 New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.3m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.0m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€91.3m market cap, or US$98.8m). Announcement • Sep 27
Encounter Resources Limited, Annual General Meeting, Nov 29, 2024 Encounter Resources Limited, Annual General Meeting, Nov 29, 2024. New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings have declined by 8.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 8.1% per year over the past 5 years. Revenue is less than US$1m (AU$135 revenue, or US$92.0). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). New Risk • Jun 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €86.3m (US$92.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m (AU$135 revenue, or US$89.0). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€86.3m market cap, or US$92.3m). Announcement • Apr 12
Encounter Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 10.5 million. Encounter Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 10.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,727,273
Price\Range: AUD 0.22
Discount Per Security: AUD 0.011
Transaction Features: Subsequent Direct Listing Announcement • Apr 05
Encounter Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 10.5 million. Encounter Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 10.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,727,273
Price\Range: AUD 0.22
Discount Per Security: AUD 0.011
Transaction Features: Subsequent Direct Listing New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$7.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.8m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Revenue is less than US$1m (AU$249k revenue, or US$164k). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (€64.5m market cap, or US$70.2m). Announcement • Nov 01
Encounter Resources Announces Chairman Changes, Effective November 24, 2023 Encounter Resources (ENR) announced that Non-Executive Chairman, Paul Chapman has confirmed that after 18 years, he will retire from the Board at the conclusion of the Annual General Meeting on 24 November 2023. The Board of Directors announced that Will Robinson has been appointed as Executive Chairman of the Company effective from that date. Announcement • Oct 24
Encounter Resources Limited, Annual General Meeting, Nov 24, 2023 Encounter Resources Limited, Annual General Meeting, Nov 24, 2023, at 09:00 W. Australia Standard Time. Location: The Epworth Room, Trinity on Hampden, 230 Hampden Road Crawley Western Australia Australia Agenda: To discuss the Financial Report, the Directors' Report and Auditor's Report for the year ended 30 June 2023; to consider Adoption of the Remuneration Report; to consider Re-election of Director - Dr. Jon Hronsky; and to consider other matters. Board Change • May 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Philip Crutchfield was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.