Board Changes

ECR Minerals PLC

15 July 2024

 

ECR Minerals

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

Board Changes

ECR Minerals plc (AIM: ECR), the exploration and development company focused on gold in Australia, announces that Non-Executive Director and former Chairman David Tang has informed the Board that he has decided to step down as a non-executive director of the Company in order to pursue his other interests. David will depart from the board with immediate effect.

Nick Tulloch, Chairman of ECR, commented: "David chaired the board of ECR through a difficult period for the Company and has been a committed supporter of changes that we have been making over the past year.  I was particularly pleased that, when David stepped down as Chairman earlier this year, he agreed to stay on the board and provide us with his insight and detailed knowledge of our operations.  On behalf of the board of ECR, we wish him well in his future endeavours."

For further information please contact

ECR Minerals plc		Tel: [phone]
Nick Tulloch, Chairman Andrew Scott, Director
Email: [e-mail]
Website: www.ecrminerals.com
Zeus Capital Limited		Tel: [phone]
Nominated Adviser Katy Mitchell / Andrew de Andrade
Axis Capital Markets Limited		Tel: [phone]
Broker
Ben Tadd/Lewis Jones
Brand Communications		Tel: [phone]
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 has also submitted a license application at Kondaparinga which is approximately 120km2 in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North 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), MGA 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.  MGA also has approximately A$75 million of unutilised tax losses incurred during previous operations.

ECR holds a royalty on the SLM gold project in La Rioja Province, Argentina which could potentially receive up to US$2.7 million in aggregate across all licences.

 

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