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ECR Minerals #ECR – Extended Gold Prospectivity and Niobium Bullseye Discovery at the Lolworth Project

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the latest exploration developments for the Lolworth Project, North Queensland, Australia.

The Lolworth Project is located approximately 120km west of the historic gold mining centre of Charters Towers, North Queensland, Australia. The project consists of three exploration tenements (EPM27901, EPM27902 and EPM27903) and are operated under the 100% owned LUX Exploration Pty Ltd. The Company has identified numerous Gold, Niobium and REE anomalous within the project.

HIGHLIGHTS

  • 81 follow-up pan concentrate stream samples results have been returned. Best results include 128 ppm Au, 23.7 ppm Au, 42.3 ppm Au and 60.9 ppm Au. These results have further extended the gold prospectivity of the Reedy Creek area to the west.
  • Results (pXRF) from a tighter spaced soil sampling campaign in the Oaky Creek area have identified an interesting Niobium target.
  • Field work, including rock chipping, mapping and tighter spaced pan concentrate stream sampling at both Woolshed Creek and Gorge Creek prospects continue to reveal visible gold, indicating potential for increased prospectivity across the project area.

ECR Managing Director Nick Tulloch commented: “In the midst of significant structural changes at ECR and our ongoing work to evaluate the Company’s asset base, Adam Jones and the field team are to be commended for their tireless work in bringing these exciting developments at our Lolworth Range project to life.”

ECR Chief Operations Officer Mike Whitlow added: “Echoing Nick’s words, our team have been particularly pleased with the latest results as this gives confirmation to our exploration thesis at Lolworth, 128 ppm Gold being our best result has been supported by a number of additional very high-grade samples taken within the surrounding area. Whilst we recognise the early stage nature of this work, the confidence in today’s announcement leaves us naturally inspired to continue our efforts at Lolworth towards the end of the year, at which point we will have the perfect opportunity to plan our accelerated future work programme. We are understandably very excited by this latest development.”

Figure One: Oaky Creek Niobium soil anomaly:

https://www.ecrminerals.com/images/2023/Fig1_Niobium-230924.png

Figure Two: Reedy Creek gold result:

https://www.ecrminerals.com/images/2023/Fig2_Reedy-Ck-230924.png

Figure Three: Woolshed Creek gold anomalism:

https://www.ecrminerals.com/images/2023/Fig3_Woolshed-Ck-230924.png

Figure Four: Visible gold extent from sampling in Upper Gorge Creek:

https://www.ecrminerals.com/images/2023/Fig4_Gorge-Ck-West.png

NIOBIUM SOIL SAMPLING RESULTS (Oaky Creek)

Since commencing work at Oaky Creek, ECR has logged a series of highly anomalous Niobium (Nb) and Tantalum (Ta) stream sampling results from the upper reaches of the creek.

The Company reported up to 146 ppm Nb in the first pass soil sampling grid on the 19th July 2023 (see July 19 2023 RNS here). Whilst still early stage, the high priority zones identified from the first pass grid and tested in-house using a pXRF have been followed up, and 17 samples reporting greater than 80 ppm Nb have been identified, with a best result of 497 ppm Nb. It is important to note the results from pXRF data are qualitative not quantitative and should only to be used for identifying the pathfinder anomaly.

These new results combined with the first pass soil sampling show strongly elevated levels of Nb within the centre of the sampled area. Previous high-grade Nb and Ta results from sampling the drainage systems that originate from this elevated centre support the new soil sampling results within the anomalous area and bullseye identified (shown in Figure One above).

The field team and the Board have agreed that the next logical next step will be to undertake a traverse ‘ridge and spur’ rock chip sampling program over the anomalous area. This work is expected to be completed before the 2023 field season ends.

PAN CONCENTRATE SAMPLING PROGRAMME UPDATE

Results from a further 81 samples have been received from the ongoing pan concentrate stream sampling program from streams tested in the northern part of the tenement area. Although these results returned no gold, a small group of samples were taken from streams located approximately 2km to the west of the Reedy Creek area which returned high concentrations of gold with results up to 128 ppm Au. Visible coarse gold particles were often seen during the sampling process and for the majority, correlate well with the best laboratory gold results. More significantly, these results extend the gold footprint further west from Reedy Creek, and a follow-up soil sample grid programme has been scheduled for completion in the near future (see Reedy Creek map images in Figure Two above). All gold results greater than 0.1 ppm Au have been tabled in Appendix One to this announcement.

The majority of these stream results have been taken from outside of the Niobium-Tantalum and REE prospective area. Results have returned 14 stream samples reporting greater than 80 ppm Nb with one best result of 2380 ppm Nb. This best result also correlates to other REE elements including Lanthanum (La), Neodymium (Nd), Praseodymium (Pr), Ta and Yttrium (Y). The best Nb results have been identified within isolated creeks in the eastern part of the project area and are encouraging signs for the regional prospectivity for critical minerals and REE in other unexplored areas of the tenement area. All received Nb results greater than 80 ppm are tabulated in Appendix One to this announcement.

RECENT FIELD WORK

ECR Technical Director Adam Jones visited the Lolworth Project in September. He and his field team collected some 180 rock chips from prospective outcrops at Woolshed Creek area and the upper reaches of Gorge Creek and were greatly encouraged by the general prospectivity of the region. The lab results for this work are due in October 2023.

Within the upper reaches of the Gorge Creek catchment area, the creek system divides into western and eastern tributaries. While undertaking sampling work in the western tributary, the field team noted visible gold up to the dividing range spur, and acquired a number of small gold nuggets up to 11 grams in weight. A targeted soil sampling program is now underway across the spur to identify the source of this gold.

The Company has also undertaken detailed outcrop mapping and rock chip sampling within the Woolshed Creek area which is located north west of Reedy Creek (see Figure Three above). A series of parallel creeks showing gold values backed up by visible gold were identified previously, and a rock chip located in a narrow-mineralised vein returned 4.73 g/t Au. The field team returned to this vein during the September 2023 work programme to map out and rock chip sample other similar small veins running in parallel. Results from this work are expected in October 2023. Although it is unlikely that all veins will be gold-bearing, the Board and field team are of the opinion that the trend of previous stream results in the area along the strike of outcrop provides sufficient evidence to mark out the zone as an area of high prospectivity. A follow-up soil sampling grid over this strike area is planned shortly.

NEXT STEPS

The exploration season in North Queensland typically ends by December 2023 with the onset of the tropical wet season and with flooding preventing access. Before this, our exploration work plan is shown below with the objective being to gather sufficient data to be analysed whilst the team are off-site during the wet season to identify the broader exploration potential of the region.

  1. Soil sampling programme across the creeks at the head of Gorge Creek West.
  2. Ridge and spur sampling across the best Niobium soil anomalies at the Oaky Creek prospect.
  3. Soil Sampling over the Woolshed Creek headwaters.

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman

Nick Tulloch, Managing Director

Andrew Scott, Director

Email:

info@ecrminerals.com

Website: www.ecrminerals.com
WH Ireland Ltd   Tel: +44 (0) 207 220 1666
Nominated Adviser

Katy Mitchell / Andrew de Andrade

SI Capital Ltd Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Novum Securities Limited  Tel: +44 (0) 20 7399 9425
Broker

Jon Belliss

Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green

ECR Minerals #ECR – Asset Overview and Evaluation

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce that the new directors are already conducting a comprehensive review of all exploration activities currently being undertaken. In addition a detailed evaluation of the existing asset base is underway, including the Company’s property, plant and other readily realisable assets.

A summary of the Company’s exploration assets, royalty assets, property and plant follows:

North Queensland assets:

  • Lolworth Project – An extensive fieldwork campaign of soil sampling and rock chips has already been successfully completed. However, ECR’s geological team continues to concentrate on areas of high potential to help delineate a series of future high-priority zones and drill targets.
  • Hurricane Project – Following a campaign of fieldwork undertaken during August and early
    September 2023, the Company is awaiting the highly anticipated sampling programme results to prove the near-term development potential of Hurricane.
  • Blue Mountain Project – Following the announcement of the conditional acquisition of the project in April 2023, initial studies have yet to commence. Based on reports from previous explorers, the Board believes that the project has potential for a gold discovery.

Victoria assets:

  • Creswick Project – The new directors are reviewing all of the Company’s assets at Creswick where ECR plans to seek a secondary (technical) opinion of its opportunities in Victoria. This will run alongside plans to investigate the discovery of two potential 100m gold ‘shoots’ at the Quartz Hill prospect and potential for further shoots along the Dimocks Main Shale strike and south towards Ballarat, further exploration work at the Davey Road prospect, Bush Inn Road prospect and at the Kuboid Hill and Mills Reef prospects.
  • Bailieston – The Company believes that the Bailieston licenses still hold considerable nascent value. Further work at the HR3 prospect at Bailieston tenement EL5433 is planned, including a soil geochemistry programme and follow-up drilling to the north of HR3.
  • Tambo Project – Following an initial field visit to the Tambo project, the rock chip sample results from the Duke of Cornwall prospect will be assessed prior to taking any next steps.  

Philippines asset

  • Danglay gold project – ECR owns 90% of 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. The Company is currently considering how best to extract value from this asset.

Royalty assets

  • Fosterville South Exploration Ltd (TSX-V: FSX) (“Fosterville South”) – 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), ECR has the right to receive up to A$2m in payments subject to future resource estimation or production from the projects sold to Fosterville South (see announcement dated 20 April 2020).
  • SLM gold project, La Rioja Province, Argentina – ECR holds a royalty and can potentially receive up to US$2.7 million in aggregate across all licences.

Property

  • ECR owns a property at 35 Brewing Lane, Springmount, Australia. The property consists of 16 acres and is located within the Company’s existing 100% owned Creswick license area. The Board are considering a sale of the property, which is currently being used as a base for Creswick operations.

Plant

  • ECR owns several items of valuable mechanical equipment. All options including future deployment, plant rental or disposal are being considered by the Company.

ECR Managing Director Nick Tulloch commented: “It is very evident that ECR owns a valuable
and diverse portfolio of assets which we believe in time have the potential to offer considerable upside. This factor was certainly a catalyst in driving the recently announced board changes and the share subscription that is of course subject to approval at our forthcoming General Meeting. We hope to have a comprehensive technical view of both our historical projects as well as the conclusion of our latest work programme on Queensland in the coming weeks.”

ECR Chief Operations Officer Mike Whitlow added: “The Board are engaged in an intensive review of all of ECR’s assets and operations. Our primary objective is to ensure the Company is on a secure financial footing for all future activities, and we will be making a series of decisions that will be announced to our shareholders in the coming weeks. I would like to take this opportunity to thank our shareholders for their patience and steadfastness in these matters, and I look forward to reporting back to you on these next steps as they occur.”

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman

Nick Tulloch, Managing Director

Andrew Scott, Director

Email:

info@ecrminerals.com

Website: www.ecrminerals.com
WH Ireland Ltd   Tel: +44 (0) 207 220 1666
Nominated Adviser

Katy Mitchell / Andrew de Andrade

SI Capital Ltd Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Novum Securities Limited  Tel: +44 (0) 20 7399 9425
Broker

Jon Belliss

Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green

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 six licence applications outstanding which includes one licence application lodged in eastern Victoria (Tambo gold project).

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Lolworth Range, Queensland, Australia. The Company also has an option to acquire 100% of Placer Gold, which wholly owns the Hurricane Project, a later stage gold and antimony project located west of Cairns in the Hodgkinson Province, NE Queensland.

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 90% 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.

ECR Minerals #ECR – Alan Green talks to Chief Operating Officer Mike Whitlow

Following a major Board shake up at AIM listed ECR Minerals #ECR, Alan Green talks to newly appointed Chief Operating Officer Mike Whitlow. We discuss the board changes, the conditional fund raise of £580,000 and the near term plans to take ECR forward.

ECR Minerals #ECR – Approval of Subscription: Posting of Circular and Notice of GM, Approval of Directors Share Agreements, PDMR Dealing & Issue of Adviser Shares

As announced on 18 September 2023, the Company has conditionally raised £580,000 by way of a direct subscription (“Subscription”) through the issue of 331,392,844 new ordinary shares in the Company (“New Ordinary Shares”), at a price of 0.175p per New Ordinary Share. The Subscription was conditional upon, amongst other things, the approval by shareholders of certain resolutions to be proposed at the upcoming general meeting of the Company. The Company confirms that it will today publish and dispatch a shareholder circular (“Circular”), together with a notice convening a general meeting (“GM”) of the Company (the “Notice”). The GM will be held at Office T3, Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA on 6 October 2023 at 11.00 a.m.

The associated Circular and Notice of GM will be posted to shareholders today, and will be available on the Company’s website shortly at: https://www.ecrminerals.com/investors-media/circulars

Salary Sacrifice

Alongside the Subscription, four members of the board of directors, David Tang, Andrew Scott, Adam Jones and Trevor Davenport, have agreed, conditional on the passing of the resolutions at the upcoming general meeting, to subscribe for 22,857,142 New Ordinary Shares at the Subscription Price of 0.175p in lieu of an aggregate of £40,000 salary, thereby further preserving the Company’s cash resources.

The Ordinary Shares proposed to be issued to certain members of the Board are as follows:

Director Position Salary Sacrificed in the period 1 August 2023 to 30 November 2023 Number of New Ordinary Shares to be issued in lieu of salary (conditional) at 0.175p Total Shares then held if Admission was to occur.
David Tang Chairman £10,000 5,714,285 5,714,285
Andrew Scott Director £10,000 5,714,285 5,714,285
Trevor Davenport Director £10,000

 

5,714,285 5,714,285
Adam Jones Technical Director £10,000 5,714,285 5,714,285
 

(together the “Existing Directors Shares”)

If the resolutions are approved by Shareholders, it is intended that the Existing Directors Shares will be issued on or around 30 November 2023, with admission to trading commencing on or around 1 December 2023. A further announcement would be made at that time.

Issue of Shares to New Director and PDMR 

As announced on 15 September 2023, the Company has appointed two new senior management team members. Nick Tulloch, has been appointed Executive Director and Managing Director of the Company and Mike Whitlow has been appointed as Chief Operating Officer (non board position). As part of joining the Company they have now agreed to a remuneration package that is (i) predominantly based on earning equity in the Company; (ii) is designed to incentivise and align their interests with Shareholders and (iii) preserves the Company’s cash resources.  Accordingly it has been agreed that they will each receive a salary of £102,000 per annum of which £12,000 is to be paid in cash pro rata across the year, and the balance is to be satisfied by the issue of equity in four quarterly payments of £22,500 using the mechanism set out below:

  • On 14 December 2023, the issue of 12,857,142 Ordinary Shares each (being £22,500 Ordinary Shares at a price of 0.175 pence each); and
  • At the end of each subsequent quarter (14 March 2024, 14 June 2024 and 14 September 2024), the issue of ordinary shares valued in the Company at a value of £22,500, with such number of shares calculated by reference to: (i) the price at which an equity fundraising in the Company was carried out during that quarter or (ii) if there was no fundraising, the price equal to the volume weighted average price of ordinary shares in the Company calculated over the previous 14 days, provided always that the minimum ordinary share price that shall apply is 0.175 pence.

(together the “New Directors Shares”)

In each case the issue of these shares is conditional on the relevant person being a director of the Company. On the first anniversary of the date of the employment the Company and each of Nick Tulloch and Mike Whitlow will agree new remuneration terms. 

If approved by Shareholders, it is intended that the first Tranche of the New Director Shares (being 25,714,284 Ordinary Shares, in total and in aggregate) will be issued on or around 14 December 2023, with admission to trading on AIM commencing on or around 15 December 2023. A further announcement would be made at that time.

New Advisor Shares

Certain key advisers of the Company have conditionally agreed to receive 6,857,142 Ordinary Shares (the “Adviser Shares”) in lieu of £12,000 of cash invoice entitlements, to assist the Company in conserving its cash resources. If approved by Shareholders, it is intended that the Adviser Shares will be issued on or around 9 October 2023, with admission to trading on AIM commencing on or around 9 October 2023.

Use of Proceeds and Requirement for Shareholders to Vote

The proceeds of £580,000 (gross) to be raised through the Subscription will provide the Company with the necessary funding it requires to advance the Company’s extensive existing assets, to progress new opportunities and for working capital purposes. In the event that the resolutions at the General Meeting are not approved and the proposed Subscription does not complete, the Directors would need to consider urgently alternative sources of funding to meet its immediate working capital needs. There is no assurance that any such alternative funding arrangements could be put in place in the timescale required, which would have a materially adverse effect on the Company, and accordingly, the Directors unanimously recommend that Shareholders vote in favour of each of the Resolutions required to be passed to implement the Subscription.

The total number of ordinary shares to be issued pursuant to the Subscription, the Existing Directors Shares, the New Directors Shares and the Adviser Shares is 463,964,270 Ordinary Shares (“Total New Ordinary Shares”). Following the issue and Admission of the Total New Ordinary Shares (which is conditional on, among other items, the passing of the resolutions at the upcoming General Meeting and the Admission dates set out above) the total issued share capital in the Company would be 1,671,940,285 Ordinary Shares.

ECR Managing Director Nick Tulloch commented: “As we announced yesterday, the Subscription generated material interest from a number of prospective investors and I am pleased to report that it is being further supported by members of the board and certain of our advisers who are aligning themselves with our shareholders.” 

“Mike and I are less than a week into our new roles but we are grateful for the response to the Subscription that leaves ECR very well placed to advance both our current portfolio of assets as well as develop new opportunities.”

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman

Nick Tulloch, Managing Director

Andrew Scott, Director

Email:

info@ecrminerals.com

Website: www.ecrminerals.com
WH Ireland Ltd   Tel: +44 (0) 207 220 1666
Nominated Adviser

Katy Mitchell / Andrew de Andrade

SI Capital Ltd Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Novum Securities Limited  Tel: +44 (0) 20 7399 9425
Broker

Jon Belliss

Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green

ECR Minerals #ECR – Leadership Changes

ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, is pleased to announce the following board and management changes at a pivotal time for the Company’s exploration and development work across its assets in Australia.

Nicholas (‘Nick’) Tulloch has been appointed to the Board as Executive Director and Managing Director and Michael (‘Mike’) Whitlow has been appointed as Chief Operating Officer (a non-board position).  The new leadership team are taking up their roles with immediate effect. They have already begun to address ECR’s operational and strategic opportunities and the Company expects to make a further update to shareholders shortly.

Andrew Haythorpe has informed the Board that he has decided to step down as CEO (non-board position) in order to pursue his other interests. Andrew has overseen the development of ECR during a challenging period for the Company, and in particular has worked closely with ECR’s geology team to develop the Company’s Queensland assets since taking up the role in April 2022.

Nick Tulloch is Founder and CEO at Aquis listed Voyager Life plc, a health & wellness company focused on high quality CBD and hemp seed oil products. Prior to founding Voyager, Nick advised companies on the UK capital markets for over 20 years, working for several well-known investment banks and stockbrokers, including Cazenove, Arbuthnot, Cenkos and Cantor Fitzgerald. For much of his career, he specialised in international resources companies.  He was finance director and then subsequently CEO of Zoetic International plc, the first CBD company listed on the London Stock Exchange (now Chill Bands Group plc). Nick began his career as a solicitor with Gouldens and he holds a Masters in law from Oxford University. The disclosures required pursuant to the AIM Rule for Companies, in relation to this appointment, are set out at the end of this announcement.

Mike Whitlow is highly regarded as an entrepreneur with a long standing and successful business-building track record. Mike has spent over 20 years investing and financing small cap / start-up companies. Having started his career in the natural resources industry, more recently Mike has overseen and assembled a number of resource projects through his company Axies Ventures Ltd, where he has personally overseen two funding rounds and two work programmes in the Mediterranean and North America including a successful drilling campaign earlier this year.  Mike is being appointed as COO in a non-board position at the Company, with the intention that, subject to requisite checks and approvals, he will be appointed to the board of the Company in due course. Further updates will be provided as appropriate.

Managing Director Nick Tulloch commented: “I am hugely excited to be joining the ECR board at such an important time for the Company. Having known and worked with Mike Whitlow for a number of years, I know he is equally excited at the scale of the opportunity, and at the same time, both he and I wish to be fully aligned with all shareholders as we embark on this journey. We look forward to working with the ECR board to help realise the potential of the Company asset portfolio and deliver shareholder value.”

Chairman David Tang commented: “I am delighted to announce the appointment of Nick Tulloch to the Board at such a pivotal time for ECR and its asset portfolio. Nick’s long-standing experience and knowledge of the City and capital markets will add an important dimension to our Company as we develop our assets in Australia. I am also delighted to welcome Mike Whitlow to ECR as our new Chief Operating Officer. Mike’s track record and ‘hands on’ experience in developing assets in the natural resources space, coupled with his profile among the investment community brings a unique and well-suited skillset to ECR at an important time.’

“I would also like to take this opportunity on behalf of both the Board and our shareholders to thank Andrew Haythorpe for his service and for overseeing the Company through a particularly challenging period. We wish him every success in his future endeavours.”

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.

Additional Disclosures

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Nicholas Tulloch (aged 50) is currently a director of Voyager Life plc, VoyagerCann Limited, DG Innovate plc, Axies Ventures Limited, Fetlar Capital Limited and GasRock Limited.  During the past five years he has been a director of Chill Bands Group plc, U4EA plc, Brent Natural Resources Limited, Highlands Natural Resources Corporation, Highlands Montana Corporation and Zoetic Corporation.

There is no further information regarding Mr Tulloch required to be disclosed pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for Companies and Mr Tulloch holds no shares or options in the Company.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman

Andrew Scott, Director

Nick Tulloch, Managing Director

Email:

info@ecrminerals.com

Website: www.ecrminerals.com
WH Ireland Ltd   Tel: +44 (0) 207 220 1666
Nominated Adviser

Katy Mitchell / Andrew de Andrade

SI Capital Ltd Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Novum Securities Limited  Tel: +44 (0) 20 7399 9425
Broker

Jon Belliss

Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green

 

Additional Disclosures

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Nicholas Tulloch (aged 50) is currently a director of Voyager Life plc, VoyagerCann Limited, DG Innovate plc, Axies Ventures Limited, Fetlar Capital Limited and GasRock Limited.  During the past five years he has been a director of Chill Bands Group plc, U4EA plc, Brent Natural Resources Limited, Highlands Natural resources Corporation, Highlands Montana Corporation and Zoetic Corporation.

There is no further information regarding Mr Tulloch required to be disclosed pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for Companies and Mr Tulloch holds no shares or options in the Company.

Michael Whitlow (aged 44) has no past directorships or partnerships in the past five years.

His has three current directorships, including Volant Services Ltd (Director since 2015), Axies Ventures Ltd (Director since 2022) and Holding 365 Ltd (Director since 2022).

There is no further information regarding Mr Whitlow required to be disclosed pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for Companies and Mr Whitlow currently holds no shares or options in the Company.

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 six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project 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 approved exploration permits covering 946 km2 over 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 90% 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.

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