The directors of Encounter Resources Ltd. provided results from the partially completed drill hole at Aileron. Aileron is located in the West Arunta region of WA, ~600km west of Alice Springs. The project contains a number of structural targets identified through aerial magnetic surveys and the initial drill hole, EAL001 targeted a discrete magnetic anomaly. There has been no previous mineral exploration at Aileron and EAL001 is the first drill hole into an unexplored belt which is prospective for large scale gold-copper deposits. Diamond drilling commenced in October 2020 to test a discrete magnetic anomaly. However, following mechanical issues with the drill rig, a decision was made to demobilise the rig and assay the completed section of the hole to 158m. Significant initial observations from the drill hole include: Shallow cover depth (10m) ­ opening up potential for application of surface sampling and shallow geochemical drilling; Hydrothermal hematite-altered mafic intrusions and granite consistent with the IOCG model; Magnetite bearing banded iron formation (BIF) intersected at ~150m with high magnetic susceptibility consistent with the modelled anomaly. The centre of the magnetic anomaly was modelled to be intersected at ~300m downhole. Assay results from the completed section have been received. The zones of hydrothermal hematite alteration, in particular the zone around 90-100m downhole, have a distinctive IOCG geochemical signature. Assays from the partially completed hole include zones of anomalism in copper (up to 0.1% Cu), gold (up to 48ppb Au), molybdenum (up to 155ppm Mo) and highly elevated rare earth elements (lanthanum up to 0.2%, cerium up to 0.3%), consistent with the targeted IOCG deposit model. The metal anomalism in the hole is associated with the most intense hematite altered zones (up to 15% Fe). Larger-scale mineralisation of this type should have a strong density contrast to background and be identifiable through the application of gravity surveys. This suggests potentially a clear pathway to defining additional high-quality, non-magnetic targets in the prospect area. In addition, given the shallow cover depth, a line of orientation ground geochemistry (20 samples) was completed over the magnetic anomaly to assess amenability of surface sampling. Assay results from the -53 micron size fraction demonstrated contrast to background in gold. Accordingly, further assessment of surface geochemical methods at Aileron is required. Following evaluation of the drill hole assay data, completion of petrography to establish the copper mineral species, evaluation of applicable gravity methods and further assessment of the amenability of surface geochemical sampling, future work programs for Aileron will be designed.