Encounter Resources

Two local junior explorers have announced capital raisings, with Arafura Resources to launch a $3 million share purchase plan and Encounter Resources receiving a $1.8 million investment from Peter Bradford-led Independence Group.

NTM Gold is set to raise up to $3.9 million, while Encounter Resources has raised $1.4 million, as the two juniors seek to advance their exploration projects.

Encounter Resources announced today that mid-tier miner IGO plans to build on their existing partnership by entering a farm-in and joint venture deal in the Paterson Province in the Pilbara.

Encounter Resources has formed a joint venture with mining giant BHP, which will spend up to $22 million to explore the Elliott copper project in the Northern Territory.

Perth-based Encounter Resources, Predictive Discovery and Trek Metals have each launched capital raisings, with the proceeds to go towards gold projects in Australia and Guinea.

High-quality copper prospects are becoming harder to find, but juniors are poised for the challenge.

BHP could spend up to $22 million exploring Encounter Resources’ Elliott copper project in the Northern Territory, having finalised a joint venture arrangement.

BHP could invest up to $25 million to secure a majority stake in Encounter Resources' developing Elliott copper project after the junior upped its tenure in the area.

Encounter Resources’ gold spinout had a soft start to its first day of trading, with shares closing down 10 per cent on its offer price.

Mineral exploration company Encounter Resources has tapped investors for $10 million to advance exploration activities at its West Australian and Northern Territory projects.

MTM Critical Metals plans to speed up exploration of its newly acquired West Arunta and Mukinbudin Niobium-REE projects, after raising $5 million from investors.

Encounter Resources has announced it will raise $10.5 million in a bid to enhance drilling activities at its Aileron project, in Western Australia's West Arunta region.

Shares in Encounter Resources close trade on Monday up 80 per cent to 62 cents, following positive initial aircore drilling results at its Aileron project.

Mineral exploration company Encounter Resources plans to raise $18 million to accelerate activities at its copper and rare earth element interests in both WA and Northern Territory.

Critical minerals miner IGO has taken up a majority stake in a copper project in northern Western Australia after pouring $15 million into exploration.