ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, is pleased to announce the appointment of Andrew Haythorpe as CEO of the Company. Andrew will join ECR as a non-board CEO prior to assuming the role of executive director, subject to approval, in six months’ time.
Andrew has more than 30 years of experience managing listed gold miners and explorers on the ASX and TSX as well as working as a mining analyst and actively exploring for gold as a geologist.
He has significant experience as a board member on numerous listed mining companies including as Managing Director of Crescent Gold Limited. The TSX and ASX-listed company started with a market capitalisation of $8 million and, under his leadership, reached $250 million within four years. He was also Managing Director of top performing ASX-listed gold producer Michelago Resources.
As an analyst, Andrew was considered a global leader in the Industrial Minerals sector and rated 12th best gold analyst at Hartley Poynton Ltd.
Andrew is currently the Managing Director of GoldOz Limited, a gold company seeking to relist on the ASX. A full list of his current directorships/partnerships together with those held within the last five years is set out below.
David Tang, Chairman commented: “I am delighted ECR has attracted a CEO of Andrew’s calibre. With more than 30 years of experience as a managing director and chairman of junior and mid-tier gold explorers and producers, he’ll be an exceptional addition to our team. Andrew built Crescent Gold from an $8 million explorer into a $250 million gold producer. He clearly sees the potential within the ECR portfolio.’’
Adam Jones, Non-Executive Director commented: ‘’I’m thrilled to welcome Andrew, a fellow geologist, to ECR. Being based initially in Australia he’ll be working closely with me and the field team in Victoria and Queensland, to ensure the exciting developments we are working on are progressed as quickly as possible. We look forward to providing more updates in due course.”
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
Andrew John Haythorpe (aged 57) has three past directorships or partnerships in the past five years being Accelerate Resources Limited; Petratherm Limited and XS Resources PTY LTD.
He also has thirteen current directorships being, Gold Oz Limited; Allup Silica Limited; Stunalara Metals Limited; Stunalara (Operations) PTY LTD; Tempest Minerals Limited; Thort PTY LTD; Warrigal Mining PTY LTD; Magmetal Tech PTY LTD; Witchimag PTY LTD; Eveos PTY LTD; Mustang Incentive PTY LTD; Tesha PTY LTD and Ouro PTY LTD.
There is no further information regarding Mr Haythorpe required to be disclosed pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for Companies and Mr Haythorpe holds no shares or options in the Company.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
FOR FURTHER INFORMATION, PLEASE CONTACT:
|ECR Minerals plc||Tel: +44 (0) 20 7929 1010|
|David Tang, Non-Executive Chairman|
|WH Ireland Ltd||Tel: +44 (0) 207 220 1666|
Katy Mitchell / Andrew de Andrade
|SI Capital Ltd||Tel: +44 (0) 1483 413500|
|Novum Securities Limited||Tel: +44 (0) 20 7399 9425|
|Blytheweigh||Tel: +44 (0) 207 138 3204|
ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has eight licence applications outstanding including two licence applications lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at both the Bailieston (EL5433) and Creswick (EL6148) projects and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three licence applications covering 900 km2 covering a relatively unexplored area in Queensland, Australia.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.
ECR holds a 25% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.