Encounter Resources (ENR)

Shares / Stock Code

ENR

Stock Exchange / Sharemarket

Australian Securities Exchange

Encounter Resources (ENR) is an exploration company focused on unlocking the uranium potential of its portfolio of assets in Western Australia. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted. The resources industry is closely linked to world economic movements and the supply and demand for raw materials. ENR was founded by Will Robinson in June 2004. The company was incorporated to conduct project eveluations and to seek acquisition opportunities in the Eastern Goldfields of WA. ENR listed on the ASX on 24 March 2006.

The Company controls a portfolio comprising over 5,000 square kilometers of exploration projects focusing on surficial uranium in the Yilgarn Craton; uranium and base metals in the Paterson Province, and base metal mineralization in the Bangemall Basin. The Company’s subsidiaries include Encounter Operations Pty Ltd and Encounter Resources USA LLC.

ENR exploration tenements are located in a region known to host world's largest calcrete uranium deposit, for example the Yeelirrie project which is adjacent to the largest calcrete deposit in the world held by BHP Billiton and the Lake Way South projoect . The company's exploration tenements have been the subject to previous exploration and evaluation projects.

As an explorer, ENR has no customers at present. Developing countries like China and India are expected to experience significant economic growth over the coming decades where demands for energy consumption is increasing. Encounter Resources competes with other uranium exploration companies, but also is in direct competition with other more conventional sources of energy which include gas, coal and hydro-electricity.

Encounter Resources (ENR) Products and Services

  • Uranium exploration

Encounter Resources (ENR) Locations and Subsidiaries

Encounter Resources Head Office
Level 7, 600 Murray Street,
600 Murray Street
WEST PERTH, WA 6005
Phone: (08) 9486 9455
Fax: (08) 6210 1578

Encounter Resources (ENR) Share Price

Submitted by ASX Listed Company on 20 March, 2010 - 00:42

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