Ecr Minerals Share Discussion Threads

[kennyruss] 02/1/2019 10:35

2 January 2018



ECR MINERALS plc



("ECR Minerals", "ECR" or the "Company")



Strategic Gold Licence Applications - Yilgarn Region Australia



ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to announce that the Company has submitted nine new exploration licence applications covering a package of ground prospective for gold mineralisation in the Yilgarn region of Western Australia.



The application package is to be called the Windidda gold project and will, when granted, complement ECR's existing extensive gold exploration portfolio in the state of Victoria, Australia.



Highlights:



-- Nine new exploration licence applications have been lodged in Western

Australia by ECR's 100% owned Australian operating vehicle Mercator

Gold Australia Pty Ltd, covering 523 square kilometres of the Yilgarn

Craton east of the town of Wiluna;


-- The application areas have been identified as a potential greenstone

hosted orogenic gold exploration opportunity with significant

potential to contain Archaean greenstones buried beneath what it is

believed may be shallow cover. Archaean greenstones host many of

Western Australia and the world's most prolific gold deposits;


-- Previous exploration within the project area has targeted base metal

and manganese deposits within the cover sequences. Gravity and

magnetic anomalies interpreted to be hosted in greenstone units

beneath the cover have not been targeted;


-- ECR's target areas are expected to be amenable to aircore drilling

across gravity-magnetic anomaly targets to enable rapid assessment of

potential for gold mineralisation;


-- Licence applications cover a significant proportion of an identified

gravity-magnetic trend with known gold prospects along trend in

outcropping greenstone to the south (not ECR ground);


-- The under-cover greenstone gold exploration model has been

successfully tested by Greatland Gold (LON:GGP) at its Ernest Giles

project located approximately 125 kilometres east of ECR's Windidda

project;


-- Further information to follow in respect of the application area and

the exploration potential of the Windidda gold project;


-- In addition to the Windidda applications, ECR has an extensive

pipeline of potential new opportunities, some of which are under due

diligence review. Further updates will be provided to the market as

and when material developments occur.



Craig Brown, Chief Executive Officer of ECR Minerals plc, commented: "I am particularly pleased to announce this strategic move into Western Australia, which, like Victoria, has exceptional gold exploration potential in a first world operating environment.



Greenstone-hosted gold trends in the Western Australian Yilgarn province are very tightly held and access to free ground, when it becomes available, is highly competitive. So it is very encouraging that ECR has managed to compile a large land position of contiguous tenements covering untested gravity-magnetic anomalies representative of potential greenstone-hosted gold trends.



The funds secured by ECR in the strategic financings of July and December 2018 have enabled us to continue engaging aggressively with potential new initiatives, the Windidda project being one.



We are acquiring new ground in Australia at a time when many explorers and developers are financially weakened by market conditions. This, although unfortunate for the wider resource sector, is presenting ECR with multiple highly attractive options, and we intend to take full advantage.



Our work continues at pace and I look forward to updating our shareholders further with additional new developments in the near term."

[burtond1] 19/12/2018 07:47

https://total-market-solutions.com/2018/12/19/our-outlook-for-2019-part-1/

[katylied] 17/12/2018 17:52

So fitting that Craig 'Del Boy' Brown's
geologist sidekick is named Rodney...

[brasso3] 17/12/2018 07:05

Placing to keep the directors in full employment until Q2 2020. :)

A nice xmas present for small PIs. Very predictable.

[barony] 13/12/2018 17:14

Creswick!!!

[johncasey] 12/12/2018 02:52

what happened to the paul johnson success story..another one bites the dust

[piperpeter] 11/12/2018 23:01

I thought it was a gold exploration company.

Pp.

[brasso3] 11/12/2018 21:41

Barony

This is a lifestyle business to feed the BoD with handsome salaries.

[barony] 10/12/2018 13:57

Repeat last post!

[barony] 05/12/2018 10:03

Good move yesterday, but where the hell are the promised Creswick results? Surely well overdue!

[blackjade11] 04/12/2018 21:24

Brasso my dear. honest companies such as ECR are the norm. you just have to realize that and stay away from the OTHER shady ones

[brasso3] 04/12/2018 20:13

Acquiring lots of assets whereby they will never have sufficient funds to develop.

I see lots of dilution and share holder misery ahead.

Another AIM lifestyle business to line BoD pockets.

Craig Brown has 1,549,271 representing 0.63%.

Why would he not buy more shares if he thought this had a lot of potential?

[katylied] 30/11/2018 10:50

Looks like the Creswick results have been lost in the post. So that is just over 2yrs salary, boondoggles and expenses for Craig Brown as CEO... but inconclusive exploration results at best and SFA in the kitty for longer term shareholders. I think I am getting very close to throwing in the towel, something I probably should have done long ago...

2018/09/25

"... ECR Minerals will drill test the (Creswick) DMS to establish the gold endowment within the DMS tonnage identified; Rock chip sampling of the DMS is currently underway to supplement exploration data and analysis currently available, prior to commencement of drilling..."

2018/10/11

"...the Company awaits the results of rock chip sampling undertaken at Creswick, where on 25 September 2018 the Company announced that exploration mapping had revealed a large gold system. The results from Creswick will be released to the market in the near term..."

[katylied] 21/11/2018 08:45

Why are we getting glossy presentations and jam tomorrow strategic updates that have zero impact on the SP, but not the Creswick results, the only thing shareholders are actually interested in? My doubts about Craig Brown continue to grow...

[piperpeter] 20/11/2018 12:15

RNS 11 October 2018.

Craig Brown, Chief Executive officer of ECR Minerals plc, commented: "The results from Creswick will be released to the market in the near term".

Pp.

[barony] 19/11/2018 21:58

Would they like to buy our interestsnext door?

[kennyruss] 19/11/2018 14:02

Yes indeed Peter.

Various tweets about it

[piperpeter] 19/11/2018 13:28

Am I correct in believing that Newmont Mining Corp. has applied for an exploration license for a large block next door to ECR's Bailieston and Black Cat license areas?

Pp.

[piperpeter] 19/11/2018 11:55

RNS 11 October 2018.

Craig Brown, Chief Executive Officer of ECR Minerals plc, commented: "The results from Creswick will be released to the market in the near term".

Pp.

[piperpeter] 19/11/2018 11:45

Any chance of the results of the Rock Chip Sampling from Creswick being announced in the near term?

Pp.

[paleje] 15/11/2018 16:28

Massive ECR ramping on twitter plus the new presentation and energy metals goose chase and what's it done for the sp? PI's getting wiser methinks.

[katylied] 14/11/2018 07:53

From the recent presentation... Mention of the Tax-Loss is the first for a very long time. Management evidently feel (complex rules) that it is still claimable (against future Australian profit). So that is a positive, lays some doubt to rest...

"...ECR’s fully owned Mercator Gold Australia (MGA) has accumulated tax losses estimated to total approximately AUD 66 million from its past trading, and these tax losses are expected to be available for offset against any taxable profits made in future..."

[kennyruss] 09/11/2018 07:01

From share talk last night..

We wanted to cover your Strategic Business Update released on 6 November 2018, but firstly should ask about your thoughts on market conditions?





How you feel about market conditions depends on positioning.

For private and institutional investors conditions are pretty awful although there is evidently a keen search by investors for stocks to acquire that could be positive performers even in present market conditions.

We have to demonstrate that ECR is in that category through our work and communications about our progress.

For resource companies on the markets, those with established businesses and cash can keep working through the downturn phase and make ready for the upturn.

ECR raised money in July and as a result, has the working capital to run until Q3 2019 as previously publicised. We are in a strong position operationally and financially and that makes us a positive investment proposition, in my view, at this time.



On the gold side of your business, Australia seems the focus right now. Why is that?

The Victoria region has been a stunning producer of gold over the years and was the location of one of the great nineteenth-century gold rushes. What’s better is that we believe there is considerable gold still to be discovered, and we are exploring for it right now.

We are greatly heartened by the exceptional success of the Fosterville mine in Victoria, which has produced more than a million ounces of gold to date and has ramped up production significantly of late, announcing record quarterly gold production of 90,000 ounces in Q3 2018. The mine is also notable for the discovery of significant bonanza grade mineralisation at depth in recent years. Fosterville is located in the same district as ECR’s Bailieston and Moormbool gold projects.

Our strategic and well-publicised objective is to find a substantial multi-million ounce gold deposit in the region and we are on an exciting pathway. We have published exploration results across a number of our many targets in the last few months and the results have been very exciting for the team.

We have already identified a gold system at the Blue Moon target and a large gold system at the Creswick target and more work is underway across the portfolio that will bring further updates to market.

In summation, we have multiple targets, very positive initial exploration results and our ongoing campaign is in full swing. There is a lot to aim for here and we have the resources and capable in-country team to get the work done.



You have mentioned Argentina and opportunities there in respect of “corporate avenues”. Can you elaborate?

I can’t be too specific, but we are pro-active in the background in Argentina and are reviewing a number of project opportunities and corporate options that may have the potential to add value.

Adding value is one thing, but we appreciate crystallisation of value is paramount for shareholders and we are very switched on to that.

Argentina is a resource-rich country and largely supportive of mineral exploration and development. We have strong and growing local relationships and there are increasingly more opportunities and more avenues we could pursue. We are active in moving initiatives forward and will update shareholders as soon as we have material progress.



The Iceberg due diligence is taking some time, in fact, more than originally planned, why is that?

We have been presented with a lot of data and are going through all the information.

One thing is key, acquisitions should be structured well and project due diligence conducted very carefully. If it takes more time to do a thorough job, all companies should do that and not be afraid to extend option periods. You protect shareholders that way.

Also, in the challenging conditions working capital is a scarce resource and there are a number of high potential projects available. Our job is to apply working capital to the best options and the process of due diligence ensures we do just that.



What other gold opportunities are you considering?

We have a good pipeline of Australian gold opportunities mainly in Victoria, Western Australia and the Northern Territory.

Whether we will pursue any additional projects depends on multiple factors including a project’s fit within the Company alongside our other gold interests; whether the project costs are comfortably within our management and financial resources; and whether we can see a value crystallisation route for shareholders.

We are looking at early stage exploration and projects with existing resources.



Turning to energy metals and minerals can you explain what you mean by “interest from third parties”?

As a Company, we are very excited by gold as a commodity focus, and we know our current and potential investors are too. That should not mean that we turn off to other opportunities and it has become increasingly clear to us that there is considerable interest in the energy metals and minerals segment.

The general interest of investors is a good thing and we need to be aware of that. However, there are also a number of organisations external to ECR who are keen to build a pipeline in energy metals and minerals.

In fact, the evident strategic drive to build this pipeline is demonstrated by the potential offer of capital to finance new ventures should the company be able to identify suitably meritable projects.

What is particularly appealing is the interest in ECR to act as a vehicle for new opportunities in respect of gold and energy metals & minerals.

Market conditions may be difficult but that is giving us a real opportunity to stand apart from the crowd by building our business in this downturn phase. The cash at bank and potential third party engagement helps of course.



Can you give us an indication of the type of energy metal or mineral project you are looking for?

Again, its difficult to answer too specifically as that information should be centred on market announcements. However, we have identified through our network various interesting projects in Australia and elsewhere. These are across multiple commodity categories including cobalt, copper, lithium, uranium and vanadium.

We want projects that our shareholders will appreciate and that can also engage the interest of new potential investors. We also want projects that can attract external finance with an emphasis on project level financing helping to reduce dilution at corporate plc level, something we know is very important to shareholders.



You seem very positive about the ECR business at the moment. What excites you the most about the business?

The work that goes into the Company is relentless at times, especially now with so much underway. So you need the excitement to keep you buoyed up.

I am delighted to be working closely with our Chairman David Tang, who apart from being very commercially minded, has an extensive network across many Asian countries and is able to bring ECR to the attention of that network. We have plenty of support provided we build our business with projects of real merit and potential.

It feels like it is ECR’s time but an intensive amount of effort is going in to make that happen.

[katylied] 07/11/2018 14:05

When the Craig Brown regime took over (~2yrs ago), it seemed like someone with a track record of delivery was finally at the helm. There were 3 important factors. (1) Gold exploration licences in Australia, (2) A significant Chinese investor who makes mining equipment, (3) That elusive tax-credit for a Australian, producing, Gold-miner.

All together, 'Plan-A' looked obvious and plausible. Sadly, here we are as 2018 closes out and the jury is still out on whether anything worthwhile has yet been found. And now we are talking about energy metals, which complicates matters and makes (3) even more doubtful.

If the focus stays with 'Plan A' (and speeds up a bit), fine.
But please, lets not have a whole new 'Plan B'...

[piperpeter] 07/11/2018 13:11

Just looking at the time taken to get sampling results back from the lab;

Bailieston.
14 September 18 - "The first 150 rock chip samples have been collected from surface at Byron and Cherry Tree Main".

28 September 18 - Results of first batch of samples announced.

11 October 18 - Results of second batch of samples announced.

So, from collection of samples at Bailieston, to announcement of results from laboratory took about 4 weeks.



Creswick.
14 September 18 - "Further work is scheduled to commence at Creswick target shortly".

25 September 18 - Rock chip sampling underway at Creswick.

11 October 18 - "Company awaits the results of rock chip sampling undertaken at Creswick". (Craig Brown).

So, the Company and its shareholders have now been awaiting the Creswick results back from the laboratory for 4 weeks.

Pp.