Directorate change
ECR Minerals plc
ECR MINERALS Plc
(“ECR Minerals”, “ECR”, the “Company” or the “Group”)
DIRECTORATE CHANGE
The directors of ECR Minerals Plc (the “Board”) announce the appointment
of Craig Brown as Chief Executive Officer with immediate effect. Craig
joined the Board of ECR Minerals on 3 May 2016 as the Company’s
part-time Finance Director.
Craig Brown is a Chartered Accountant with over 21 years’ experience in
senior management and finance roles within the exploration and mining
industry.
Bill Howell, Chairman, said
“Craig brings in-depth experience in senior management and finance
roles in the mining industry. I believe he has the drive and ability to
take ECR into the next stage of its development and I am confident that
he will make an excellent CEO."
Craig Brown, CEO, said
“I am pleased to be appointed to the position of CEO and am fully
committed to turning ECR around and rebuilding the Company to deliver
real shareholder value.
The past couple of months have been a challenging period for the
Company and its shareholders. We believe there is significant
potential in the Avoca and Bailieston projects in Australia, both with
regard to the possibility of recovering gold and construction materials
from the Avoca tailings dumps, and the wider exploration potential
within the highly prospective Central Victorian Goldfields.
I would like to reassure shareholders that the Board and management
of ECR are doing our utmost to stabilise the Company and move the
business forward with confidence."
Craig Brown was a founding shareholder of Kryso Resources plc (“Kryso”),
a gold exploration and development company which was admitted to trading
on AIM in 2004. Kryso was restructured and renamed China Nonferrous Gold
Ltd (“CNG”) in 2013. Craig acted as Finance Director and Company
Secretary of Kryso before becoming Managing Director in 2010 and
stepping down from the board in September 2013. During this period,
Kryso/CNG delineated a five million ounce JORC Mineral Resource at the
Pakrut gold project in Tajikistan, completed a bankable feasibility
study for the project, obtained debt and equity finance for mine
development, and commenced construction of the mine and infrastructure.
Since 2013, Craig has continued to act as a consultant to CNG, during
which time CNG has successfully obtained additional debt finance in
order to commence production, completing the first gold pour at the
Pakrut mine in 2015. Prior to his roles with Kryso/CNG, Craig held
positions with Gulf International Minerals Ltd and Nelson Gold Ltd, both
of which also successfully put gold mines into production during Craig’s
tenure.
This announcement contains inside information for the purposes of
Article 7 of EU Regulation 596/2014.
ABOUT ECR
ECR is a mineral exploration and development company. ECR’s wholly owned
Australian subsidiary Mercator Gold Australia (MGA) has acquired 100%
ownership of the Avoca and Bailieston gold projects in Victoria,
Australia. ECR has earned a 25% interest in the Danglay epithermal gold
project, an advanced exploration project located in a prolific gold and
copper mining district in the north of the Philippines. An NI43-101
technical report was completed in respect of the Danglay project in
December 2015, and is available for download from ECR’s website.
ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the
SLM gold project in La Rioja Province, Argentina. Exploration at SLM has
focused on identifying small tonnage mesothermal gold deposits which may
be suitable for relatively near term production.
FOR FURTHER INFORMATION, PLEASE CONTACT:
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ECR Minerals plc
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Tel: +44 (0)20 7929 1010
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William (Bill) Howell, Non-Executive Chairman
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Craig Brown, Director & CEO
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Richard (Dick) Watts, Non-Executive Technical Director
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Email: [email protected]
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Website: www.ecrminerals.com
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Cairn Financial Advisers LLP
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Tel: +44 (0)20 7148 7900
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Nominated Adviser
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Emma Earl / Jo Turner
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Vicarage Capital Ltd
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Tel: +44 (0)20 3651 2910
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Broker
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Rupert Williams / Jeremy Woodgate
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Blytheweigh
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Tel: +44 (0)20 7138 3204
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Public Relations
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Tim Blythe / Camilla Horsfall
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160831006622/en/